STX up +46.63%, BTC -1.00%, Stacks is The Coin of The Day - Daily Market Update for Feb 20, 2023
Key highlights:
- The total cryptocurrency market cap decreased from $ 1.13T to $ 1.13T in the past 24 hours, representing a -0.37% change
- The Bitcoin price at press time is $ 24,495 after falling by -1.00% in the last 24 hours
- The total crypto trading volume decreased by -0.37% in the past 24 hours, and is currently at $ 260.43B
- All prices and changes are presented at the time of publication: February 20, 2023, at 06:00 UTC
Market Overview
The total cryptocurrency market cap is currently $ 1.13T after a -0.37% decrease on the day. The total crypto trading volume declined by -0.37% in the same time frame.
Bitcoin is trading at $ 24,495 after seeing a -1.00% loss in the last 24 hours. The Bitcoin dominance fell by -0.23% and BTC currently represents 41.65% of the cryptocurrency market.
Top Coins By Market Cap
At press time, Bitcoin has a market capitalization of $ 470.72B after losing -1.00% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.03% and reach $ 24,244 by February 25, 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 $ 1,689.99 and has a market capitalization of $ 206.81B. ETH decreased by -0.68% 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 76% of coins lost value in the last 24 hours.
Today's Top Gainers are Stacks, Conflux Network, and Cocos-BCX
Thanks to a 46.63% price increase, Stacks was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Conflux Network came in second place, with 24-hour gains of 39.90%. Cocos-BCX, Alchemy Pay and Waves complete today's list of the top cryptocurrency gainers.
Today's Top Losers are Magic, Floki Inu, and Mina Protocol
Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Magic, which saw a loss of -8.90%. Floki Inu also didn't perform well, as its price declined by -6.12% in the last 24 hours. Mina Protocol, Astar and Render Token round out today's top 5 worst performers.
Coin of the Day is Stacks
Thanks to its impressive 46.63% performance, Stacks is today's coin of the day! Stacks is currently trading at $ 0.620994. Learn more about Stacks and its position in the market on our Stacks price prediction page.
Our technical indicators show that the current Stacks sentiment is Bullish.
