Highlights
The crypto prices today have stirred a whirlpool of speculation among traders and investors globally. While Bitcoin took a roller coaster ride, finally resting at the $64K level today, altcoins have displayed mixed price actions. Ethereum (ETH), Solana (SOL), and XRP traded mainly in the red zone in the past 24 hours, although coins such as Aave and Helium noted considerable gains.
Meanwhile, the global crypto market cap illustrated a 0.58% dip in value to $2.29 trillion. However, the total market volume soared 16.18% to $86.31 billion.
Here’s a brief report on some of the leading coins by market cap and their price action today, August 2.
BTC price rested at $64,442.02 today, up 0.68% at press time. The crypto’s 24-hour lows and tops were $62,248.94 and $65,593.24, respectively.
Recent data by Coinglass shows that over $2.5 billion got liquidated amid Bitcoin’s recent volatility as the coin slipped below $63000. However, BTC has shown remarkable resiliency, regaining a hold above the $64k promptly after.
Simultaneously, data from Spotononchain today showed a fresh whale wallet bagging 4,600 BTC amid the coin’s recent dip. This chronicle has bolstered market sentiments over future price movements.
Bitcoin ETFs recorded over $50 million worth of inflows as of August 1, per data by Soso Value. This data further aligns with BTC’s trading in the positive territory.
ETH price slipped 0.64% over the past day to trade at $3,161.96. Its 24-hour lows and highs were $3,078.54 and $3,214.53, respectively.
ETH ETF outflows topped $77 million post-FOMC, potentially driving the coin’s price volatility. Meanwhile, recent on-chain data by Whale Alert shows massive dumps and accumulations in hand over the past day, further validating the coin’s price movements.
Also, Grayscale’s ETH ETF outflows topped $2 billion, raising further investor concerns.
SOL has followed the volatility illustrated by most crypto prices today. Solana’s price traded at $164.44, down 2.79% in the past 24 hours. Its 24-hour bottoms and peaks were $157.99 and $171.27, respectively.
A recent SOL price analysis by CoinGape Media shows that the coin’s potential to reach the $210 price target remains strong despite recent volatility.
Simultaneously, the XRP price illustrated a 3.91% drop in value to trade at $0.5873. The coin’s 24-hour bottoms and tops were recorded as $0.5719 and $0.613, respectively.
The dog-themed meme coins saw a waning price action, similar to the broader market trend. Dogecoin (DOGE) witnessed a 3.44% dip, reaching $0.1176 today. Similarly, Shiba Inu (SHIB) fell 2.17% to trade at $0.00001559.
Also, Pepe coin (PEPE), FLOKI, and dogwifhat (WIF) plunged 3%-8%.
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However, some coins defied the broader market trend, noting considerable price gains.
AIOZ Network (AIOZ) price surged 10.45% to $0.6174.
Aave (AAVE) price soared 8.84% to $114.75.
Helium (HNT) price pumped 6.28% to $5.08.
Popcat (POPCAT) price rose 5.56% to $0.6878.
Arweave (AR) price tanked 10.46% to $26.14.
Beam (BEAM) price cracked 10.40% to $0.01693.
dogwifhat (WIF) price plummeted 9.57% to $1.91.
ORDI price dropped 8.58% to $32.57.
Besides, it’s worth mentioning that the hourly time frame charts illustrated a considerable upward momentum. BTC sprung 0.33%, while ETH jumped 0.22%. Similarly, SOL, XRP, and meme coins followed, igniting investor enthusiasm over crypto prices today.
Also Read: Shiba Inu Coin: SHIB Burn Rate Rockets 2600% Fueling Recovery Speculations
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