Bitcoin market cap is currently $353M after a 0.66% increase on the day

The total cryptocurrency market cap is currently $353M after a 0.66% increase on the day. The total crypto trading volume increased by 0.66% in the same time frame.

The total cryptocurrency market cap is currently $ 3.53T after a 0.66% increase on the day. The total crypto trading volume increased by 0.66% in the same time frame.

The cryptocurrency market is still in a bull market as Bitcoin price hovers above the $110k mark. As of 08:45 AM ET on May 23, Bitcoin is trading at $110,856, showing a slight increase of 0.02% in the last 24 hours.

The Bitcoin dominance fell by -0.30% and BTC currently represents 62.38% of the cryptocurrency market.

At press time, Bitcoin has a market capitalization of $ 2.20T after gaining 0.02% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by May 23, 2025. 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 $ 2,694.57 and has a market capitalization of $ 325.31B. ETH increased by 3.18% 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.

Today's cryptocurrency news headlines:

* A new report by the U.S. Federal Reserve assesses the potential of stablecoins to disrupt the financial system. The report, titled "Stablecoin Rumblings: Innovation and Interoperability in the Payment System," delves into the role of stablecoins in facilitating cross-border payments and their ability to foster competition in the payments domain.

* A recent analysis by a crypto analyst at Benzinga has identified three metaverse tokens that are showing promise for recovery in the coming months.

* A new report by the U.S. Federal Reserve assesses the potential of stablecoins to disrupt the financial system. The report, titled "Stablecoin Rumblings: Innovation and Interoperability in the Payment System," delves into the role of stablecoins in facilitating cross-border payments and their ability to foster competition in the payments domain.

The bulls dominated the market today as 59% of coins gained value in the last 24 hours.

Today's Top Gainers are cat in a dogs world, Worldcoin, and Moo Deng

Thanks to a 27.56% price increase, cat in a dogs world was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Worldcoin came in second place, with 24-hour gains of 26.53%. Moo Deng, Dog (Bitcoin) and Dogwifhat complete today's list of the top cryptocurrency gainers.

Today's Top Losers are Frax, Frax Share, and Sui Crypto

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was Frax, which saw a loss of -13.54%. Frax Share also didn't perform well, as its price declined by -8.74% in the last 24 hours. Sui Crypto, Cheems Token and Beldex round out today's top 5 worst performers.

Hyperliquid reached new All-Time High after gaining +84.33% in the last month

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

* Hyperliquid

* cat in a dogs world

* BORA

Congratulations to the HODLers!

Coin of the Day is Worldcoin

Thanks to its impressive 26.53% performance, Worldcoin is today's coin of the day! Worldcoin is currently trading at $ 1.57. Learn more about Worldcoin and its position in the market on our Worldcoin price prediction page.

Our technical indicators show that the current Worldcoin sentiment is Bearish.