Daily Market Update for August 27 2021

Key highlights:

  • The total cryptocurrency market cap decreased from $ 2.05T to $ 2.03T in the past 24 hours, representing a -1.04% change
  • The Bitcoin price at press time is $ 47,099 after growing by 0.11% in the last 24 hours
  • The total crypto trading volume decreased by -1.04% in the past 24 hours, and is currently at $ 324.66B
  • All prices and changes are presented at the time of publication: August 27, 2021, at 06:00 UTC

Market overview

The total cryptocurrency market cap is currently $ 2.03T after a -1.04% decrease on the day. The total crypto trading volume declined by -1.04% in the same time frame.

Bitcoin is trading at $ 47,099 after seeing a 0.11% gain in the last 24 hours.The Bitcoin dominance grew by 0.43% and BTC currently represents 43.64% of the cryptocurrency market.

Top coins by market cap

At press time, Bitcoin has a market capitalization of $ 885.39B after gaining 0.11% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by -1.74% and reach $ 46,278 by September 1, 2021. 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 $ 3,113.64 and has a market capitalization of $ 365.14B. ETH decreased by -0.38% 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.

  • Solana, which was previously ranked 10, is ranked at 8.
  • Polkadot, which was previously ranked 8, is ranked at 9.
  • USD Coin, which was previously ranked 9, is ranked at 10.

Market Movers

The bears dominated the market today as 82% of coins lost value in the last 24 hours.

Today’s Top Gainers

Thanks to a 34.31% price increase, Raydium was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. PEAKDEFI came in second place, with 24-hour gains of 34.12%. Solana, Arweave and IoTeX complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was The Sandbox, which saw a loss of -20.01%. Coin98 also didn’t perform well, as its price declined by -10.76% in the last 24 hours. SKALE, My Neighbor Alice and Medibloc round out today’s top 5 worst performers.

Coin of the day

Thanks to its impressive 18.58% performance, Solana is today’s coin of the day! Solana is currently trading at $ 81.11. Learn more about Solana and its position in the market on our Solana price prediction page.

Buy/Sell Solana

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