Crypto Prices August 8: Despite heavy volatility during the last day, the cost of Bitcoin (BTC) has stayed above $57,000. In the context of Judge Torres’ most recent order on the SEC’s remedy motion, the price of Ripple Labs-backed cryptocurrency XRP increased by roughly 20%. While Ethereum (ETH) traded in the red zone, Solana (SOL) also increased significantly.
The valuation of all cryptocurrencies increased by 0.44% to $2.02 trillion. The total crypto market volume also fell 5.37% to $99.14 billion. Here are the price movements and market capitalization rankings of some of the top cryptocurrencies on August 8.
Crypto Prices Today
Bitcoin Price
At the time of this publication, Bitcoin’s price was $57,306.41, representing a rise of 0.89% over the previous day. Its lowest point in the twenty-four-hour period was $54,620.51, and its highest was $57,726.88. Bitcoin’s dominance was estimated at 56.09%, representing a 0.20% increase over the previous day. In addition, it is essential to emphasize that Japan’s Metaplanet has recently announced the acquisition of an additional loan of ¥1 billion to purchase Bitcoin.
Ethereum Price
Today, the price of Ethereum was $2,437.58, representing a decrease of 2.79% over the previous twenty-four hours. This declining movement can be mainly attributed to the fact that wallets linked to the Plus Token Ponzi scheme were confiscated and contained two billion dollars worth of Ethereum. In the meantime, Grayscale’s ETHE Ethereum ETF reported outflows of $31.9 million as of August 7. With a daily range of $2,312.17 to $2,551.56, Ethereum experienced both its lowest and highest prices.
Solana Price
At the time of this publication, the cryptocurrency SOL experienced a price movement comparable to that of Bitcoin, with a rise of 0.89% to reach $153.27. It was reported that the lowest point for Solana in the 24 hours was $142.02, and the highest was $156.15.
XRP Price
The price of XRP reached $0.6125 today, representing a phenomenal 18.64% increase in the previous twenty-four hours. After twenty-four hours, the asset-backed by Ripple reached its lowest point of $0.4942 and its highest point of $0.6408.
In light of Judge Torres’s decision that Ripple is “restrained and enjoined from violating Section 5 of the Securities Act,” the XRP community has recently received some encouraging news. Furthermore, the ruling demanded that Ripple pay a penalty somewhat higher than $125 million.
DOGE & SHIB Prices
In the previous twenty-four hours, Dogecoin rose 2.05%, while Shiba Inu decreased 1.32%. Today, the price of DOGE is $0.1003, while the cost of SHIB is $0.00001346. The value of the Pepe coin decreased by 0.15%, reaching $0.000007941.
Crypto Gainers Today
Popcat (SOL) price surged 23.83% to $0.6237
dogfight (WIF) price soared 14.56% to $1.74.
Stellar (SLM) price rallied 11.39% to $0.1035.
Bitcoin SV (BSV) price gained 8.56% to $41.27.
Crypto Losers Today
Lido DAO (LDO) price dipped 6% to $1.07.
Flare (FLR) price tanked 5.77% to $0.01626.
AIOZ Network (AIOZ) price cracked 5.29% to $0.4868.
Notcoin (NOT) price fell 4.85% to $0.01131.
On the other hand, the charts charting the hourly period demonstrated that the prices of cryptocurrencies today saw a large amount of volatility. As a result, the trading session for coins could get more volatile as the day progresses.
Also Read: Bitcoin Leads Crypto Market Recovery; Will Altcoins Follow?
Conclusion
Bitcoin has surpassed $57,000, and XRP has surged 20% since August 8, indicating significant performance in the cryptocurrency industry. Institutional interest, public opinion, transparent regulations, and new technology propel these shifts. Bitcoin investors should be aware of the hazards and keep themselves informed, even though the outlook is still bright.
As always, it is critical to undertake comprehensive research and consider diversification to limit risks. For investors and fans alike, the ever-changing cryptocurrency market is a thrilling arena of possibilities and threats.
