Crypto Prices Today August 6: BTC Regains $55K, ETH, SOL, & XRP Pump

The crypto prices today have shown signs of a recovery after the recent black Monday witnessed across the broader markets. Bitcoin’s (BTC) price gained to reach the $55K mark today, whereas leading altcoins Ethereum (ETH), Solana (SOL), and XRP pumped in tandem with the broader trend.

Notably, the global crypto market cap surged 3.97% to $1.97 trillion today. Further, the total crypto market volume over the past day saw a remarkable 73.92% increase to $212.48 billion.

Here’s a brief collection of some of the leading cryptocurrencies by market cap and their price movements today, August 6.

Crypto Prices Today

Bitcoin Price

The BTC price chart illustrated gains worth 3.12% over the past day, reaching $55,848.13. Its 24-hour lows and tops were recorded as $49,121.24 and $56,271.37, respectively.

The flagship crypto’s price encountered significant volatility recently, slipping below the $50K mark amid the Japanese market collapse. However, today, as the market recovered, with Nikkei up nearly 10%, the crypto market also saw bolstered movements.

Besides, Bitcoin’s dominance fell 0.78% over the past day to 55.82%. This hinted toward a better-performing altcoins sector today.

Besides, the outflows in BTC ETFs totalled $168.44 million as of August 5, per data by Soso Value.

Ethereum Price

The ETH price chart showcased a significant 7.15% upswing in the past 24 hours, with the coin resting at $2,492.48 at press time. The 24-hour bottoms and peaks were recorded as $2,162.32 and $2,547.98, respectively.

Tron founder Justin Sun was recorded as having withdrawn 14,884 ETH amid the recent crypto market crash. This phenomenon underscored a potential buy-the-dip strategy, glimmering optimism on the coin’s future price movements.

Additionally, the Ethereum ETFs saw inflows of $48.8 million as of August 5 despite the bloodbath in the crypto market.

Solana Price

Simultaneously, the crypto SOL’s price experienced a 7.43% pump in value over the past day to reach $139.05. Solana’s 24-hour lows and peaks were recorded as $110.61 and $141.02, respectively.

XRP Price

The Ripple Labs-backed coin, XRP, witnessed a 7.84% rise in value to reach 0.5127. XRP’s 24-hour slumps and peaks were $0.4335 and $0.5154, respectively.

DOGE & SHIB Prices

Similarly, the meme coin sector mimicked the broader market trend today. Dogecoin (DOGE) price saw a 6.36% upswing in value to reach $0.9877. Further, Shiba Inu’s (SHIB) price witnessed a 13.46% price upswing to $0.00001364.

Also, it’s worth mentioning that PEPE, WIF, and FLOKI upsurged 7%-9%.

Also Read: Bitcoin ETF: Europe’s Capula Management Discloses $500 Mln Holding

Crypto Gainers Today

Akash Network (AKT) price surged 36.20% to $2.70.
Bittensor (TAO) price soared 30.75% to $252.01.
Brett (BRETT) price gained 19.94% to reach $0.09487.
Mantle (MNT) price rose 19.12% to $0.6142.

Crypto Losers Today

Tether Gold (XAUt) price fell 1.28% to $2,410.92.
dYdX (DYDX) price slipped 0.55% to $1.
Artificial Superintelligence Alliance (ASI) price tumbled 0.40% to $0.8462.
TRON (TRX) price waned 0.16% to $0.122.

Besides, the hourly time frame charts continued to showcase a bullish presence for BTC and ETH. However, XRP and SOL showed a waning movement in the interim. This data has ignited additional investor speculation on the crypto prices today.

Also Read: RippleX Schedules XRPL Testnet Reset to Boost These Features