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FX up +18.16%, BTC -1.33%, Convex Finance is The Coin of The Day — Daily Market Update for Jul 06, 2022

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FX up +18.16%, BTC -1.33%, Convex Finance is The Coin of The Day — Daily Market Update for Jul 06, 2022

Key highlights:

  • The total cryptocurrency market cap decreased from $ 952.92B to $ 939.60B in the past 24 hours, representing a -1.40% change
  • The Bitcoin price at press time is $ 20,024 after falling by -1.33% in the last 24 hours
  • The total crypto trading volume decreased by -1.40% in the past 24 hours, and is currently at $ 250.62B
  • All prices and changes are presented at the time of publication: July 6, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 939.60B after a -1.40% decrease on the day. The total crypto trading volume declined by -1.40% in the same time frame.

Bitcoin is trading at $ 20,024 after seeing a -1.33% loss in the last 24 hours.The Bitcoin dominance fell by -0.16% and BTC currently represents 40.68% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 382.19B after losing -1.33% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 10.16% and reach $ 22,058 by July 11, 2022. 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 $ 1,135.81 and has a market capitalization of $ 137.92B. ETH decreased by -2.24% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bulls Dominate the Market Today

The bulls dominated the market today as 57% of coins gained value in the last 24 hours.

Today’s Top Gainers are Function X, MaidSafeCoin, and Convex Finance

Thanks to a 18.16% price increase, Function X was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. MaidSafeCoin came in second place, with 24-hour gains of 18.14%. Convex Finance, Marinade staked SOL and Curve DAO Token complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Origin Protocol, Celsius Network, and Numeraire

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Origin Protocol, which saw a loss of -11.72%. Celsius Network also didn’t perform well, as its price declined by -11.28% in the last 24 hours. Numeraire, Status and Storj round out today’s top 5 worst performers.

Coin of the Day is Convex Finance

Thanks to its impressive 16.31% performance, Convex Finance is today’s coin of the day! Convex Finance is currently trading at $ 5.59. Learn more about Convex Finance and its position in the market on our Convex Finance price prediction page.


Source: ethereum.today

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