KAVA up +11.17%, BTC -3.90%, Kava is The Coin of The Day - Daily Market Update for Jun 06, 2023

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.14T to $ 1.10T in the past 24 hours, representing a -3.83% change
• The Bitcoin price at press time is $ 25,770 after falling by -3.90% in the last 24 hours
• The total crypto trading volume decreased by -3.83% in the past 24 hours, and is currently at $ 218.37B
• All prices and changes are presented at the time of publication: June 6, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.10T after a -3.83% decrease on the day. The total crypto trading volume declined by -3.83% in the same time frame.

Bitcoin is trading at $ 25,770 after seeing a -3.90% loss in the last 24 hours. The Bitcoin dominance grew by 0.02% and BTC currently represents 45.40% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 499.73B after losing -3.90% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 5.88% and reach $ 27,284 by June 11, 2023. 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 $ 1,818.23 and has a market capitalization of $ 218.97B. ETH decreased by -2.93% 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 91% of coins lost value in the last 24 hours.

Today's Top Gainers are Kava, tomiNet, and inSure DeFi

Thanks to a 11.17% price increase, Kava was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. tomiNet came in second place, with 24-hour gains of 5.08%. inSure DeFi, Multi-Collateral Dai and Tether complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Terra Classic, Ethereum PoW, and Pepe Coin

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Terra Classic, which saw a loss of -14.37%. Ethereum PoW also didn't perform well, as its price declined by -15.27% in the last 24 hours. Pepe Coin, Open Campus and The Sandbox round out today's top 5 worst performers.

Coin of the Day is Kava

Thanks to its impressive 11.17% performance, Kava is today's coin of the day! Kava is currently trading at $ 1.09. Learn more about Kava and its position in the market on our Kava price prediction page.

Our technical indicators show that the current Kava sentiment is Bullish.

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