ICO News

TAO up +18.59%, BTC +0.02%, Bittensor is The Coin of The Day – Daily Market Update for Feb 06, 2024 – CoinCodex

Key highlights:

  • The total cryptocurrency market cap decreased from $ 1.66T to $ 1.65T in the past 24 hours, representing a -0.69% change
  • The Bitcoin price at press time is $ 42,785 after growing by 0.02% in the last 24 hours
  • The total crypto trading volume decreased by -0.69% in the past 24 hours, and is currently at $ 155.08B
  • All prices and changes are presented at the time of publication: February 6, 2024, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.65T after a -0.69% decrease on the day. The total crypto trading volume declined by -0.69% in the same time frame.

Bitcoin is trading at $ 42,785 after seeing a 0.02% gain in the last 24 hours. The Bitcoin dominance grew by 0.06% and BTC currently represents 50.91% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 839.43B after gaining 0.02% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 4.43% and reach $ 44,680 by February 11, 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 $ 2,319.56 and has a market capitalization of $ 278.77B. ETH increased by 0.65% 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.

  • Chainlink, which was previously ranked 10, is ranked at 9.
  • TRON, which was previously ranked 9, is ranked at 10.

Bears Dominate the Market Today

The bears dominated the market today as 83% of coins lost value in the last 24 hours.

Today’s Top Gainers are Bittensor, Ethereum Name Service, and XAIToken

Thanks to a 18.59% price increase, Bittensor was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Ethereum Name Service came in second place, with 24-hour gains of 16.55%. XAIToken, Immutable X and Gnosis complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are Ronin, Magic, and Aleph Zero

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Ronin, which saw a loss of -27.91%. Magic also didn’t perform well, as its price declined by -9.51% in the last 24 hours. Aleph Zero, API3 Token and Decred round out today’s top 5 worst performers.

Bittensor reached new All-Time High after gaining +111.23% in the last month

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

Congratulations to the HODLers!

Coin of the Day is Bittensor

Thanks to its impressive 18.59% performance, Bittensor is today’s coin of the day! Bittensor is currently trading at $ 504.91. Learn more about Bittensor and its position in the market on our Bittensor price prediction page.

Our technical indicators show that the current Bittensor sentiment is Bullish.

Buy/Sell Bittensor


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