Daily Market Update for August 29 2021

Key highlights:

  • The total cryptocurrency market cap increased from $ 2.01T to $ 2.11T in the past 24 hours, representing a 5.00% change
  • The Bitcoin price at press time is $ 48,331 after falling by -1.15% in the last 24 hours
  • The total crypto trading volume increased by 5.00% in the past 24 hours, and is currently at $ 248.80B
  • All prices and changes are presented at the time of publication: August 29, 2021, at 06:00 UTC

Market overview

The total cryptocurrency market cap is currently $ 2.11T after a 5.00% increase on the day. The total crypto trading volume increased by 5.00% in the same time frame.

Bitcoin is trading at $ 48,331 after seeing a -1.15% loss in the last 24 hours.The Bitcoin dominance fell by -2.54% and BTC currently represents 43.10% of the cryptocurrency market.

Top coins by market cap

At press time, Bitcoin has a market capitalization of $ 908.65B after losing -1.15% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 4.64% and reach $ 50,574 by September 3, 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 $ 3,197.64 and has a market capitalization of $ 375.08B. ETH decreased by -1.64% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Market Movers

The bears dominated the market today as 79% of coins lost value in the last 24 hours.

Today’s Top Gainers

Thanks to a 91.05% price increase, Bitcoin Cash ABC was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. eCash came in second place, with 24-hour gains of 57.31%. Ellipsis, SingularityNET and Arweave 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 SafeMoon, which saw a loss of -29.13%. Constellation also didn’t perform well, as its price declined by -10.79% in the last 24 hours. Celo, Mobox and Tokocrypto round out today’s top 5 worst performers.

New ATHs

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

  • Arweave’s new ATH is $ 47.36

Congratulations to the HODLers!

Coin of the day

Thanks to its impressive 91.05% performance, Bitcoin Cash ABC is today’s coin of the day! Bitcoin Cash ABC is currently trading at $ 193.95. Learn more about Bitcoin Cash ABC and its position in the market on our Bitcoin Cash ABC price prediction page.

Buy/Sell Bitcoin Cash ABC

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