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cUSDC up +6.38%, BTC -5.11%, Compound USD Coin is The Coin of The Day - Daily Market Update for May 10, 2022

11M ago





Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.57T to $ 1.47T in the past 24 hours, representing a -6.13% change
  • The Bitcoin price at press time is $ 31,796 after falling by -5.11% in the last 24 hours
  • The total crypto trading volume decreased by -6.13% in the past 24 hours, and is currently at $ 659.71B
  • All prices and changes are presented at the time of publication: May 10, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.47T after a -6.13% decrease on the day. The total crypto trading volume declined by -6.13% in the same time frame.

Bitcoin is trading at $ 31,796 after seeing a -5.11% loss in the last 24 hours.The Bitcoin dominance grew by 0.56% and BTC currently represents 41.04% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 605.27B after losing -5.11% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.39% and reach $ 31,921 by May 15, 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 $ 2,401.02 and has a market capitalization of $ 289.84B. ETH decreased by -1.89% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

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

  • Dogecoin, which was previously ranked 8, is ranked at 7.
  • Avalanche, which was previously ranked 9, is ranked at 8.
  • Terra, which was previously ranked 7, is ranked at 9.

Bears Dominate the Market Today

The bears dominated the market today as 51% of coins lost value in the last 24 hours.

Today's Top Gainers are Compound USD Coin, BinaryX, and Maker

Thanks to a 6.38% price increase, Compound USD Coin was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. BinaryX came in second place, with 24-hour gains of 5.86%. Maker, Compound Dai and Dogelon Mars complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Terra, Anchor Protocol, and Lido DAO Token

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Terra, which saw a loss of -47.33%. Anchor Protocol also didn't perform well, as its price declined by -42.01% in the last 24 hours. Lido DAO Token, Project Galaxy and Green Metaverse Token round out today's top 5 worst performers.

Coin of the Day is Compound USD Coin

Thanks to its impressive 6.38% performance, Compound USD Coin is today's coin of the day! Compound USD Coin is currently trading at $ 0.018874. Learn more about Compound USD Coin and its position in the market on our Compound USD Coin price prediction page.

Our technical indicators show that the current Compound USD Coin sentiment is Bearish.

Buy/Sell Compound USD Coin

11M ago




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