Cryptocurrency Price Today: Bitcoin Manages To Remain Above $23,000 As Overall Market Cap Sees Minor Dip

Please fol­low and like us:
Pin Share

Bit­coin (BTC), the world’s old­est and most val­ued cryp­tocur­ren­cy, man­aged to remain above the $23,000 mark as the first week of August kicks off. As the glob­al cryp­to mar­ket lost the $1.10 tril­lion mark that it gained last week, most of the pop­u­lar alt­coins, such as Ethereum (ETH), Doge­coin (DOGE), Solana (SOL), and Rip­ple (XRP) reg­is­tered loss­es across the board over the past 24 hours. On the oth­er hand, among less­er-known cryp­to coins, the File­coin (FIL) token emerged as the biggest gain­er over the past 24 hours, while Bit­coin Gold (BTG) turned out to be the biggest loser.

At the time of writ­ing, the glob­al cryp­to mar­ket cap stood at $1.09 tril­lion as per Coin­Mar­ket­Cap data, reg­is­ter­ing a 24-hour loss of 0.88 percent. 

Bitcoin (BTC) price today

At the time of writ­ing, BTC was priced at $23,408.71. As per Coin­Mar­ket­Cap, Bit­coin saw a 24-hour dip of 1.52 per­cent. As per Indi­an exchange WazirX, BTC price stood at Rs 19.27 lakhs.

Ethereum (ETH) price today

With a 24-hour loss of 0.41 per­cent, ETH price stood at $1,693.16. As per WazirX, Ethereum price in India stood at Rs 1.40 lakhs.

Dogecoin (DOGE) price today

DOGE saw a 24-hour loss of 1.64 per­cent as per Coin­Mar­ket­Cap data, cur­rent­ly priced at $0.06998. As per WazirX, Doge­coin price in India stood at Rs 5.76.

Litecoin (LTC) price today

Lite­coin reg­is­tered a loss of 1.58 per­cent over the past 24 hours. At the time of writ­ing, it was priced at $60.11. LTC price in India stood at Rs 4,857.

Ripple (XRP) price today

XRP price stood at $0.3829, see­ing a 24-hour loss of 2.01 per­cent. As per WazirX, Rip­ple price stood at Rs 31.50.

Solana (SOL) price today

Solana price stood at $43.01, mark­ing a 24-hour loss of 1.73 per­cent. As per WazirX, SOL price in India stood at Rs 3,510.

Top crypto gainers today (August 1)

As per Coin­Mar­ket­Cap data, here are the top five cryp­to gain­ers over the past 24 hours:

File­coin (FIL)

Price: $11.13
24-hour gain: 32.86 percent

Kade­na (KDA)

Price: $2.13
24-hour gain: 17.03 percent

Bit­Tor­rent-New (BTT)

Price: $0.000001053
24-hour gain: 10.15 percent

Inter­net Com­put­er (ICP)

Price: $9.08
24-hour gain: 9.24 percent

Arweave (AR)

Price: $15.99
24-hour gain: 8.21

Top crypto losers today (August 1)

As per Coin­Mar­ket­Cap data, here are the top five cryp­to losers over the past 24 hours:

Bit­coin Gold (BTG)

Price: $29.72
24-hour loss: 11.35 percent

Lido DAO (LDO)

Price: $2.14
24-hour loss: 9.49 percent

Ethereum Clas­sic (ETC)

Price: $36.68
24-hour loss: 7.24 percent

Poly­gon (MATIC)

Price: $0.9277
24-hour loss: 6.62 percent

Yearn.finance (YFI)

Price: $11,339.55
24-hour loss: 5.58 percent

What crypto exchanges are saying about the current market scenario

Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “Bit­coin and Ethereum rose for anoth­er con­sec­u­tive day. BTC broke above the $24,000 lev­el in the past 24 hours in response to the US cen­tral bank’s lat­est inter­est rate hike. BTC’s sup­port now lies at $21,000, while resis­tance is at $25,000. The sec­ond largest cryp­tocur­ren­cy, Ethereum, has rock­et­ed by near­ly 7 per­cent over the past day. If bulls can hold Ethereum at the cur­rent lev­el today, we might see it test­ing the $1,700 lev­el, which can lead to the $2,000 lev­el in the com­ing week.”

Com­ment­ing on the cryp­to mar­ket sce­nario, Sathvik Vish­wanath, CEO and Co-Founder of Uno­coin told ABP Live, “The Fri­day fol­lowed by the week­end saw a bumpy ride when it comes to prices of cryp­tos. The increase over this peri­od went as high as 10 per­cent and even­tu­al­ly got the cor­rec­tion of 2 per­cent by the time Sun­day end­ed. It is rare to see such an increase dur­ing the week­end. Among the alter­nate coins, the ones try­ing to cre­ate their own blockchain were the win­ners with as much as a 15 per­cent increase. The ones attempt­ing to become layer‑2 solu­tions also saw sim­i­lar increase.”

FiEx Founder and CEO Tushar Gan­do­tra told ABP Live, “As antic­i­pa­tion increas­es for its long-await­ed soft­ware upgrade, which will enable a tran­si­tion from the cur­rent sys­tem of util­is­ing min­ers to a more ener­gy-effi­cient one using staked cur­ren­cies, the price of ether has increased in recent weeks. After being pushed back sev­er­al years, the tran­si­tion to this ‘proof-of-stake’ sys­tem is antic­i­pat­ed to hap­pen in Sep­tem­ber. In the upcom­ing weeks, a num­ber of events will be held for prospec­tive stak­ers and oth­er com­mu­ni­ty mem­bers. Ethereum devel­op­ers have late­ly indi­cat­ed sig­nif­i­cant progress in test­ing the new system.”

Dis­claimer: Cryp­to prod­ucts and NFTs are unreg­u­lat­ed and can be high­ly risky. There may be no reg­u­la­to­ry recourse for any loss from such trans­ac­tions. Cryp­tocur­ren­cy is not a legal ten­der and is sub­ject to mar­ket risks. Read­ers are advised to seek expert advice and read offer document(s) along with relat­ed impor­tant lit­er­a­ture on the sub­ject care­ful­ly before mak­ing any kind of invest­ment what­so­ev­er. Cryp­tocur­ren­cy mar­ket pre­dic­tions are spec­u­la­tive and any invest­ment made shall be at the sole cost and risk of the readers.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *