HT up +27.85%, BTC +0.43%, Huobi Token is The Coin of The Day — Daily Market Update for Oct 12, 2022

Key highlights:

• The total cryptocurrency market cap increased from $ 935.86B to $ 938.26B in the past 24 hours, representing a 0.26% change
• The Bitcoin price at press time is $ 19,116 after growing by 0.43% in the last 24 hours
• The total crypto trading volume increased by 0.26% in the past 24 hours, and is currently at $ 203.56B
• All prices and changes are presented at the time of publication: October 12, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 938.26B after a 0.26% increase on the day. The total crypto trading volume increased by 0.26% in the same time frame.

Bitcoin is trading at $ 19,116 after seeing a 0.43% gain in the last 24 hours. The Bitcoin dominance grew by 0.06% and BTC currently represents 39.04% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 366.34B after gaining 0.43% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 11.49% and reach $ 21,312 by October 17, 2022. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 1,292.08 and has a market capitalization of $ 158.39B. ETH increased by 1.24% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 72% of coins lost value in the last 24 hours.

Today’s Top Gainers are Huobi Token, Hedera Hashgraph, and Terra

Thanks to a 27.85% price increase, Huobi Token was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Hedera Hashgraph came in second place, with 24-hour gains of 8.65%. Terra, Reef and Convex Finance complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are TerraClassicUSD, ApeCoin, and Hive Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was TerraClassicUSD, which saw a loss of -6.40%. ApeCoin also didn’t perform well, as its price declined by -7.07% in the last 24 hours. Hive Token, Decentralized Social and Stellar round out today’s top 5 worst performers.

Coin of the Day is Huobi Token

Thanks to its impressive 27.85% performance, Huobi Token is today’s coin of the day! Huobi Token is currently trading at $ 6.56. Learn more about Huobi Token and its position in the market on our Huobi Token price prediction page.

Our technical indicators show that the current Huobi Token sentiment is Bullish.

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