ORCA up +15.33%, BTC -1.70%, Quant is The Coin of The Day - Daily Market Update for May 16, 2026

Key highlights:

• The total cryptocurrency market cap decreased from $ 2.67T to $ 2.63T in the past 24 hours, representing a -1.54% change
• The Bitcoin price at press time is $ 78,993 after falling by -1.70% in the last 24 hours
• The total crypto trading volume decreased by -1.54% in the past 24 hours, and is currently at $ 244.95B
• All prices and changes are presented at the time of publication: May 16, 2026, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 2.63T after a -1.54% decrease on the day. The total crypto trading volume declined by -1.54% in the same time frame.

Bitcoin is trading at $ 78,993 after seeing a -1.70% loss in the last 24 hours. The Bitcoin dominance fell by -0.27% and BTC currently represents 60.23% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 1.58T after losing -1.70% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by May 16, 2026. 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 $ 2,224.04 and has a market capitalization of $ 268.41B. ETH decreased by -0.92% in the last 24 hours. If you're interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 87% of coins lost value in the last 24 hours.

Today's Top Gainers are Orca, Quant, and Terra Classic

Thanks to a 15.33% price increase, Orca was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. Quant came in second place, with 24-hour gains of 7.17%. Terra Classic, Golem and Cheems Token complete today's list of the top cryptocurrency gainers.

Today's Top Losers are THORChain, Telcoin, and Conflux

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was THORChain, which saw a loss of -18.99%. Telcoin also didn't perform well, as its price declined by -11.58% in the last 24 hours. Conflux, Akash Network and SPX6900 round out today's top 5 worst performers.

Coin of the Day is Quant

Thanks to its impressive 7.17% performance, Quant is today's coin of the day! Quant is currently trading at $ 83.13. Learn more about Quant and its position in the market on our Quant price prediction page.

Our technical indicators show that the current Quant sentiment is Bullish.

Buy/Sell Quant