Today’s Market Update: Bitcoin Hits $60,000, ETH, SOL, XRP and DOGE Show Mixed Performance
Bitcoin (BTC) exhibited high market volatility, hovering around the $60K mark. Ethereum (ETH), Solana (SOL), and XRP prices also followed the market trend, showing negative movement.
The global crypto market cap decreased by 1.84% to $2.11 trillion, with total market volume dropping by 23.36% to $70.18 billion.
Key cryptocurrency prices today, on August 10, saw the following market trends:
Bitcoin (BTC)
– Experienced a 1.46% decline over 24 hours, currently trading at $60,512.
– BTC’s dominance increased by 0.09% to 56.48%. Futures open interest rose by 1.78% to $28.18 billion.
– Bitcoin ETFs recorded $89.73 million in outflows.
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Ethereum (ETH):
– Fell by 3.27% over the past 24 hours to $2,604.85.
– Notably, massive ETH whale dumps to Coinbase and Kraken impacted its market movement.
Solana (SOL):
– Witnessed a 3% dip, reaching $154.20.
– Talks of a potential Solana ETF in the U.S. gained traction.
XRP:
– Tanked by 4.09% in the past day, standing at $0.5912.
– On-chain data from Whale Alert showed significant XRP movements.
Dogecoin (DOGE) and Shiba Inu (SHIB) experienced declines, with PEPE, WIF, and BONK also dipping by 3%-4%.
Top Gainers:
– Helium (HNT) price surged by 15.15% to $6.79.
– Cronos (CRO) increased by 13.15% to $X.
– Zcash (ZEC) witnessed a 12.56% upsurge to $41.06.
– Toncoin (TON) price rose by 8.51% to $6.70.
Top Losers:
– Popcat (POPCAT) price declined by 9.27% to $0.573.
– Brett (BRETT) fell by 5.81% to $X.
– Artificial Superintelligence Alliance (ASI) decreased by 5.25% to $0.842.
– Render (RENDER) experienced a 4.74% dip to $4.80.
On the hourly time frame, BTC slipped 0.20% while ETH gained 0.05%, indicating potential turbulence in the crypto market.
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Meet Daniel Abang: Crypto guru, content creator, and analyst. With a deep understanding of blockchain, he simplifies complex concepts, guiding audiences through the ever-changing crypto landscape. Trusted for his insightful analysis, Daniel is the go-to source for staying informed and empowered in the world of cryptocurrency.
