The cryptocurrency market continues to struggle, with the total market cap decreasing by 0.15% in the past 24 hours to $1.17T. The total crypto trading volume also declined by 0.15% during the same period. Bitcoin, the largest cryptocurrency by market cap, is trading at $29,254 after a modest 0.44% gain in the last 24 hours. However, our forecast predicts a -1.12% drop in Bitcoin's value by August 13, 2023.
Ethereum, the second-largest cryptocurrency, experienced a -1.26% decrease in the last 24 hours, with its price currently at $1,835.44. The bears dominated the market today, with 83% of coins losing value in the past 24 hours.
Among the top 200 cryptocurrencies by market cap, Audius was the biggest gainer with a 6.05% price increase, followed by Hedera Hashgraph with a 4.51% gain. On the other hand, Rollbit Coin was the worst performer, losing 12.89% of its value, followed by TomoChain with an 8.57% decline.
Today's coin of the day is Hedera Hashgraph, which experienced an impressive 4.51% performance. However, the overall market sentiment remains pessimistic, with the majority of cryptocurrencies struggling to gain traction.