Market Overview: Bitcoin Dominance Grows as BTC Price Prediction Turns Bearish

The total cryptocurrency market cap is currently $3.74T after a 0.64% increase on the day. Bitcoin is trading at $106,815 after seeing a 1.69% gain in the last 24 hours.

The total cryptocurrency market cap is currently $3.74 trillion after a 0.64% increase in the last 24 hours. The total crypto trading volume also increased by 0.64% in the same time frame.

Bitcoin is trading at $106,815 after seeing a 1.69% gain in the last 24 hours. The Bitcoin dominance grew by 0.73% and BTC now comprises 56.47% of the cryptocurrency market.

At press time, Bitcoin has a market capitalization of $2.11 trillion after gaining 1.69% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by December 17, 2024. 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 $4,021.17 and has a market capitalization of $484.32 billion. ETH increased by 1.40% 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.

The bears dominated the market today as 77% of coins lost value in the last 24 hours.

Thanks to a 51.72% price increase, Simon's Cat was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. FTX Token came in second place, with 24-hour gains of 14.25%. Bitget Token, Rollbit Coin and CHEX Token complete today's list of the top cryptocurrency gainers.

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Helium, which saw a loss of -12.43%. Act I : The AI Prophecy also didn't perform well, as its price declined by -11.06% in the last 24 hours. Gigachad, Raydium and The Root Network round out today's top 5 worst performers.

Hyperliquid reached new all-time high after gaining +78,556.10% in the last month, 4 other cryptocurrencies reached a new ATH in the last 24 hours

The following coins in the cryptocurrency top 200 hit new all-time high prices today:

Today 5 cryptocurrencies reached a new ATH. Amongst the top gainers was Hyperliquid that reached a new ATH after gaining +9.40% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are BGB, GT, EIGEN, and 1 more.

Congratulations to the HODLers!

Thanks to its impressive 14.25% performance, FTX Token is today's coin of the day! FTX Token is currently trading at $3.11. Learn more about FTX Token and its position in the market on our FTX Token price prediction page.

Our technical indicators show that the current FTX Token sentiment is Bearish.