IOTX up +21.33%, BTC +3.34%, Solana is The Coin of The Day – Daily Market Update for Oct 02, 2023

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IOTX up +21.33%, BTC +3.34%, Solana is The Coin of The Day – Daily Market Update for Oct 02, 2023

Key highlights:

The total cryptocurrency market cap increased from $ 1.09T to $ 1.12T in the past 24 hours, representing a 2.73% changeThe Bitcoin price at press time is $ 27,975 after growing by 3.34% in the last 24 hoursThe total crypto trading volume increased by 2.73% in the past 24 hours, and is currently at $ 105.15BAll prices and changes are presented at the time of publication: October 2, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.12T after a 2.73% increase on the day. The total crypto trading volume increased by 2.73% in the same time frame.

Bitcoin is trading at $ 27,975 after seeing a 3.34% gain in the last 24 hours. The Bitcoin dominance grew by 0.21% and BTC currently represents 48.69% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 545.55B after gaining 3.34% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.24% and reach $ 27,629 by October 7, 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 $ 1,702.28 and has a market capitalization of $ 204.68B. ETH increased by 2.13% 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 75% of coins lost value in the last 24 hours.

Today's Top Gainers are IoTeX, Livepeer, and THORChain

Thanks to a 21.33% price increase, IoTeX was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Livepeer came in second place, with 24-hour gains of 16.62%. THORChain, Solana and Bitcoin SV complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Maker, Lido DAO Token, and Chainlink

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Maker, which saw a loss of -4.68%. Lido DAO Token also didn't perform well, as its price declined by -2.75% in the last 24 hours. Chainlink, Beldex and Biconomy round out today's top 5 worst performers.

Coin of the Day is Solana

Thanks to its impressive 13.37% performance, Solana is today's coin of the day! Solana is currently trading at $ 24.15. Learn more about Solana and its position in the market on our Solana price prediction page.

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

Buy/Sell Solana

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