ENS up +16.90%, BTC +5.78%, Stacks is The Coin of The Day — Daily Market Update for Mar 17, 2023

Key highlights:

• The total cryptocurrency market cap increased from $ 1.08T to $ 1.12T in the past 24 hours, representing a 3.80% change
• The Bitcoin price at press time is $ 25,758 after growing by 5.78% in the last 24 hours
• The total crypto trading volume increased by 3.80% in the past 24 hours, and is currently at $ 304.58B
• All prices and changes are presented at the time of publication: March 17, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.12T after a 3.80% increase on the day. The total crypto trading volume increased by 3.80% in the same time frame.

Bitcoin is trading at $ 25,758 after seeing a 5.78% gain in the last 24 hours. The Bitcoin dominance grew by 0.68% and BTC currently represents 44.59% of the cryptocurrency market.

Top Coins By Market Cap

At press time, United States dollar has a market capitalization of $ 23.37T after gaining 0.00% in the last 24 hours. According to our forecast, the value of United States dollar will drop by -2.34% and reach $ 25,156 by March 22, 2023. To learn more about how the price of United States dollar could change over the next 7 days, visit our United States dollar price prediction page.

Georgian Lari, which is the second-largest cryptocurrency by market cap, is priced at $ 0.387079 and has a market capitalization of $ 9.05T. GEL increased by 0.00% in the last 24 hours. If you’re interested in where the price of Georgian Lari could head next, check out the Georgian Lari price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 66% of coins lost value in the last 24 hours.

Today’s Top Gainers are Ethereum Name Service, Stacks, and Fantom

Thanks to a 16.90% price increase, Ethereum Name Service was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Stacks came in second place, with 24-hour gains of 12.06%. Fantom, Conflux Network and Immutable X complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Kava, Magic, and Riskmoon

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Kava, which saw a loss of -10.63%. Magic also didn’t perform well, as its price declined by -4.79% in the last 24 hours. Riskmoon, Maker and Everscale round out today’s top 5 worst performers.

Coin of the Day is Stacks

Thanks to its impressive 12.06% performance, Stacks is today’s coin of the day! Stacks is currently trading at $ 0.997748. Learn more about Stacks and its position in the market on our Stacks price prediction page.

Our technical indicators show that the current Stacks sentiment is Bullish.

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