SNM up +29.24%, BTC -0.87%, DeFiChain is The Coin of The Day — Daily Market Update for Sep 04, 2022

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.01T to $ 1.01T in the past 24 hours, representing a -0.26% change
• The Bitcoin price at press time is $ 19,768 after falling by -0.87% in the last 24 hours
• The total crypto trading volume decreased by -0.26% in the past 24 hours, and is currently at $ 110.88B
• All prices and changes are presented at the time of publication: September 4, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.01T after a -0.26% decrease on the day. The total crypto trading volume declined by -0.26% in the same time frame.

Bitcoin is trading at $ 19,768 after seeing a -0.87% loss in the last 24 hours.The Bitcoin dominance fell by -0.13% and BTC currently represents 37.63% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 378.38B after losing -0.87% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -2.62% and reach $ 19,250 by September 9, 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 $ 1,568.53 and has a market capitalization of $ 191.72B. ETH decreased by -1.17% 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 SONM, Ergo, and DeFiChain

Thanks to a 29.24% price increase, SONM was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Ergo came in second place, with 24-hour gains of 19.45%. DeFiChain, CEEK VR and Terra Classic complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Helium, ABBC COIN, and Balancer

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Helium, which saw a loss of -9.20%. ABBC COIN also didn’t perform well, as its price declined by -8.04% in the last 24 hours. Balancer, Chiliz and UNUS SED LEO round out today’s top 5 worst performers.

Coin of the Day is DeFiChain

Thanks to its impressive 8.71% performance, DeFiChain is today’s coin of the day! DeFiChain is currently trading at $ 1.09. Learn more about DeFiChain and its position in the market on our DeFiChain price prediction page.

Our technical indicators show that the current DeFiChain sentiment is Neutral.

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