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Highlights
- Bitcoin sinks to $58K in tandem with weekly outflows in spot Bitcoin ETFs.
- Ethereum price performs sluggishly despite weekly inflows in spot Ether ETFs
- Altcoins mainly trade in the red zone, aligning with the broader market trend.
The crypto prices today have embarked upon a considerable bearish movement, sparking investor concerns globally. Bitcoin’s (BTC) price showed signs of a pullback, falling to the $58K level. Simultaneously, altcoins have followed the flagship crypto, cracking 4-12% over the past day. However, Sui defied the broader trend to trade in the green zone.
Meanwhile, the global crypto market cap witnessed a 4.10% decline in value to $2.05 trillion. However, the total crypto market volume saw a significant 55.86% spike to $59.58 billion at press time.
Here’s a brief collection of some of the leading cryptocurrencies by market cap and their price movements today, August 12.
Crypto Prices Today
Bitcoin Price
The BTC price chart showcased a 4.43% fall in value to finally rest at $58,529.85 as of writing. Further, the flagship crypto’s 24-hour bottoms and tops were recorded as $58,207.36 and $61,778.66, respectively.
Bitcoin’s dominance stood at 56.29% today, a slight 0.02% decrease over the past day. The coin’s market cap was evaluated to be $1.16 trillion.
Data by Soso Value shows that spot Bitcoin ETFs had a net outflow of $169 million as of last week, i.e. August 5-9. The coin’s current waning movement falls in line with this data.
Ethereum Price
Meanwhile, the ETH price slipped 3.93% in the past 24 hours and is currently trading at $2,545.05. The coin’s 24-hour lows and tops were recorded as $2,513.39 and $2,718.80, respectively.
Despite $104.76 million inflows in spot Ethereum ETFs last week, the crypto has raised investor concerns with its contrasting price trajectory.
Solana Price
SOL price witnessed a 7.43% decline in value to reach $144.22 today, aligning with the broader crypto prices today. Its 24-hour lows and highs were recorded as $141.35 and $157.93, respectively.
XRP Price
Simultaneously, the XRP price cracked 4.30% over the past day to reach $0.5642. Its 24-hour bottoms and peaks were recorded as $0.5475 and $0.5929, respectively.
DOGE & SHIB Prices
The meme coin sector followed the broader market trend, as seen by the DOGE price sinking 7.14% over the past day to reach $0.1015. Moreover, Shiba Inu’s (SHIB) price tanked 6.68% to reach $0.00001349.
Similarly, Pepecoin, dogwifhat, and BONK prices tumbled 7%-11%.
Crypto Gainers Today
However, some tokens appear to have defied the broader market sentiment today.
Sui (SUI) price gained 3.12% to $0.9133.
UNUS SED LEO (LEO) price jumped slightly by 0.64% to $5.81.
Crypto Losers Today
Artificial Superintelligence Alliance (ASI) price dipped 11.77% to $0.8214.
MANTRA (OM) price fell 11.01% to $0.9586.
Akash Network (AKT) price plummeted 10.57% to $2.61.
dogwifhat (WIF) price plumged 10.03% to $1.66.
Besides, the hourly time frame charts negated the possibility of a recovery-like movement ahead, as BTC and ETH further declined by 0.43% and 0.30%, respectively. However, SOL and XRP gained 0.10% and 0.40%, stirring a tidal wave of investor speculations on the crypto prices today.
Further, geopolitical tensions such as the Israel-Iran and Russia-Ukraine conflicts have caused additional crypto market turbulence, accompanied by looming U.S. CPI, PPI, and key market events amid fears of recession.
- SEC’s Paul Atkins Pushes for On-Chain Capital Raising Without Uncertainty
- SEC Delays Decision On Staking For BlackRock’s Ethereum ETF
- SEC Delays Decision on Franklin Templeton’s Solana and XRP ETFs
- BNB Hits New ATH As Binance Partners With $1.6T Franklin Templeton
- Crypto Market, S&P 500 Rally as PPI Data Fuels Rate Cut Hopes
- Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
- SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
- Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
- Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
- Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?
