LOOM up +13.90%, BTC -0.88%, Loom Network is The Coin of The Day – Daily Market Update for Oct 12, 2023

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LOOM up +13.90%, BTC -0.88%, Loom Network is The Coin of The Day – Daily Market Update for Oct 12, 2023

Key highlights:

The total cryptocurrency market cap decreased from $ 1.07T to $ 1.06T in the past 24 hours, representing a -0.62% changeThe Bitcoin price at press time is $ 26,875 after falling by -0.88% in the last 24 hoursThe total crypto trading volume decreased by -0.62% in the past 24 hours, and is currently at $ 98.03BAll prices and changes are presented at the time of publication: October 12, 2023, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.06T after a -0.62% decrease on the day. The total crypto trading volume declined by -0.62% in the same time frame.

Bitcoin is trading at $ 26,875 after seeing a -0.88% loss in the last 24 hours. The Bitcoin dominance fell by -0.07% and BTC currently represents 49.53% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 524.36B after losing -0.88% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -3.18% and reach $ 26,022 by October 17, 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 $ 1,567.91 and has a market capitalization of $ 188.55B. ETH increased by 0.44% 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 85% of coins lost value in the last 24 hours.

Today's Top Gainers are Loom Network, Merit Circle, and tomiNet

Thanks to a 13.90% price increase, Loom Network was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Merit Circle came in second place, with 24-hour gains of 11.30%. tomiNet, Frax Share and SwissBorg complete today's list of the top cryptocurrency gainers.

Today's Top Losers are THORChain, Rollbit Coin, and 0x

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was THORChain, which saw a loss of -6.86%. Rollbit Coin also didn't perform well, as its price declined by -5.02% in the last 24 hours. 0x, Rocket Pool and SXP round out today's top 5 worst performers.

Coin of the Day is Loom Network

Thanks to its impressive 13.90% performance, Loom Network is today's coin of the day! Loom Network is currently trading at $ 0.219986. Learn more about Loom Network and its position in the market on our Loom Network price prediction page.

Our technical indicators show that the current Loom Network sentiment is Bullish.

Buy/Sell Loom Network

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