Daily Market Update for August 23 2021

Key highlights:

• The total cryptocurrency market cap increased from $ 2.13T to $ 2.18T in the past 24 hours, representing a 2.28% change
• The Bitcoin price at press time is $ 50,221 after growing by 2.12% in the last 24 hours
• The total crypto trading volume increased by 2.28% in the past 24 hours, and is currently at $ 318.11B
• Published on August 23, 2021 11:21 UTC

Market overview

The total cryptocurrency market cap is currently $ 2.18T after a 2.28% increase on the day. The total crypto trading volume increased by 2.28% in the same time frame.

BTC at press time is trading at $ 50,221 after seeing a 2.12% gain in the last 24 hours. Bitcoin's share of the cryptocurrency market cap fell by -0.02%. The Bitcoin dominance is currently at 43.24%.

Top coins

The largest cryptocurrency, Bitcoin at press time has a market capitalization of $ 943.89B after gaining 2.12% in the last 24 hours. Learn more about the Bitcoin market on our Bitcoin price prediction page;

Ethereum, which is the second-largest cryptocurrency by market cap, at press time is priced at $ 3,339.34 and has a market capitalization of $ 391.44B. Ethereum increased by 2.24% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction on CoinCodex.

There were also some changes today in the ranking among the top 10 biggest coins by market cap.

USD Coin, which was previously ranked 10, is ranked at 9.

Solana, which was previously ranked 9, is ranked at 10.

Market Movers

Overall, today was bearish for the cryptocurrency market.

65.58% of the coins in the cryptocurrency market lost value in the last 24 hours.

Today's Top Gainers

Thanks to a 130.78% price increase, WAX was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Loopring came in second place, with 24-hour gains of 43.15%. Alchemy Pay (25.06%), Telcoin (24.99%) and Amp (23.04%) complete today's list of the top cryptocurrency gainers.

Today's Top Losers

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Bifrost, which saw a loss of -14.62%. Mango Markets also didn't perform well, as its price declined by -6.53% in the last 24 hours. FUNToken (-6.36%), Solana (-5.45%) and Cosmos (-5.03%) round out today's top 5 worst performers.

Coin of the day

Thanks to its impressive 24.99% performance, Telcoin is today's coin of the day! Telcoin is currently trading at $ 0.028174. Learn more about Telcoin and its position in the market on our Telcoin price prediction page.

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