XEC up +9.03%, BTC -5.29%, eCash is The Coin of The Day - Daily Market Update for Jun 07, 2022

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.33T to $ 1.26T in the past 24 hours, representing a -5.01% change
• The Bitcoin price at press time is $ 29,521 after falling by -5.29% in the last 24 hours
• The total crypto trading volume decreased by -5.01% in the past 24 hours, and is currently at $ 303.62B
• All prices and changes are presented at the time of publication: June 7, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.26T after a -5.01% decrease on the day. The total crypto trading volume declined by -5.01% in the same time frame.

Bitcoin is trading at $ 29,521 after seeing a -5.29% loss in the last 24 hours.The Bitcoin dominance fell by -0.17% and BTC currently represents 44.61% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 562.68B after losing -5.29% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 13.92% and reach $ 33,630 by June 12, 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 $ 1,770.59 and has a market capitalization of $ 214.38B. ETH decreased by -6.29% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bulls Dominate the Market Today

The bulls dominated the market today as 56% of coins gained value in the last 24 hours.

Today's Top Gainers are eCash, Polymath, and Compound Ether

Thanks to a 9.03% price increase, eCash was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Polymath came in second place, with 24-hour gains of 8.00%. Compound Ether, Coin98 and Hive Token complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Ontology Gas, LooksRare, and Compound USD Coin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Ontology Gas, which saw a loss of -21.52%. LooksRare also didn't perform well, as its price declined by -14.40% in the last 24 hours. Compound USD Coin, Terra Classic and Secret round out today's top 5 worst performers.

Coin of the Day is eCash

Thanks to its impressive 9.03% performance, eCash is today's coin of the day! eCash is currently trading at $ 0.000055. Learn more about eCash and its position in the market on our eCash price prediction page.

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

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