ANY up +17.25%, BTC -7.85%, Anchor Protocol is The Coin of The Day – Daily Market Update for May 06, 2022 | CoinCodex

Key highlights:

• The total cryptocurrency market cap decreased from $ 1.85T to $ 1.72T in the past 24 hours, representing a -7.04% change
• The Bitcoin price at press time is $ 36,503 after falling by -7.85% in the last 24 hours
• The total crypto trading volume decreased by -7.04% in the past 24 hours, and is currently at $ 364.23B
• All prices and changes are presented at the time of publication: May 6, 2022, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 1.72T after a -7.04% decrease on the day. The total crypto trading volume declined by -7.04% in the same time frame.

Bitcoin is trading at $ 36,503 after seeing a -7.85% loss in the last 24 hours.The Bitcoin dominance fell by -0.42% and BTC currently represents 40.45% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 694.73B after losing -7.85% in the last 24 hours. According to our forecast, the value of Bitcoin will raise by 4.41% and reach $ 38,114 by May 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 $ 2,754.36 and has a market capitalization of $ 332.35B. ETH decreased by -6.19% 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.

• XRP, which was previously ranked 5, is ranked at 4.
• Solana, which was previously ranked 4, is ranked at 5.
• Dogecoin, which was previously ranked 9, is ranked at 8.
• Avalanche, which was previously ranked 8, is ranked at 9.

Bears Dominate the Market Today

The bears dominated the market today as 51% of coins lost value in the last 24 hours.

Today’s Top Gainers are Anyswap, Anchor Protocol, and 1inch Network Token

Thanks to a 17.25% price increase, Anyswap was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Anchor Protocol came in second place, with 24-hour gains of 11.65%. 1inch Network Token, Marinade staked SOL and MXC complete today’s list of the top cryptocurrency gainers.