XEM up +29.63%, BTC -0.02%, NEM is The Coin of The Day - Daily Market Update for Feb 28, 2023
Key highlights:
- The total cryptocurrency market cap decreased from $ 1.09T to $ 1.08T in the past 24 hours, representing a -0.24% change
- The Bitcoin price at press time is $ 23,376 after falling by -0.02% in the last 24 hours
- The total crypto trading volume decreased by -0.24% in the past 24 hours, and is currently at $ 190.84B
- All prices and changes are presented at the time of publication: February 28, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.08T after a -0.24% decrease on the day. The total crypto trading volume declined by -0.24% in the same time frame.
Bitcoin is trading at $ 23,376 after seeing a -0.02% loss in the last 24 hours. The Bitcoin dominance grew by 0.02% and BTC currently represents 41.47% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 449.21B after losing -0.02% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 0.39% and reach $ 23,468 by March 5, 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 $ 1,627.09 and has a market capitalization of $ 199.11B. ETH decreased by -0.39% 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 84% of coins lost value in the last 24 hours.
Today's Top Gainers are NEM, Kaspa, and Telcoin
Thanks to a 29.63% price increase, NEM was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Kaspa came in second place, with 24-hour gains of 26.64%. Telcoin, SingularityNET and Synthetix complete today's list of the top cryptocurrency gainers.
Today's Top Losers are Riskmoon, Bone ShibaSwap, and Conflux Network
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Riskmoon, which saw a loss of -8.11%. Bone ShibaSwap also didn't perform well, as its price declined by -6.54% in the last 24 hours. Conflux Network, LUKSO and Floki Inu round out today's top 5 worst performers.
Coin of the Day is NEM
Thanks to its impressive 29.63% performance, NEM is today's coin of the day! NEM is currently trading at $ 0.056365. Learn more about NEM and its position in the market on our NEM price prediction page.
Our technical indicators show that the current NEM sentiment is Bullish.
