Crypto Prices Today August 7: BTC Touches $57K High, Altcoins Maintain Gains

Today’s crypto prices have managed to retain recent gains, igniting investor optimism globally. Bitcoin’s (BTC) price reclaimed the $57K mark, while Ethereum (ETH) traded at the $2,500 price level today. Simultaneously, Solana (SOL) gained nearly 10% in the past 24 hours, whereas XRP too traded in the green territory. The global crypto market cap sprung 1.66% to $2 trillion today. However, the total crypto market volume plummeted 49.85% to $104.79 billion.

It’s worth noting that the BOJ has recently stated that it might consider halting interest rate hikes in the aftermath of the recent crash, potentially aligning with the broader market recovery.

Here’s a brief report on the leading cryptocurrencies by market cap and their price performances today, August 7.

Crypto Prices Today

Bitcoin Price

BTC price rested at $56,918.65 today, a jump of 2.18% in the past 24 hours. The coin’s 24-hour bottoms and peaks were $54,486.22 and $57,287.44, respectively.

Bitcoin’s dominance saw a 0.04% increase over the past day to reach 55.87%. Data by Soso Value conversely shows that Bitcoin ETFs recorded $148.56 million in outflows as of August 6.

Nonetheless, BTC price gained over 4% as the day longed to hold firmly at $57,461.

Ethereum Price

Meanwhile, the ETH price noted gains worth 0.71% over the past day to trade at $2,512.70. Its 24-hour lows and highs were recorded as $2,418.96 and $2,553.58, respectively.

Notably, BlackRock’s Ethereum ETF (ETHA) recorded a whopping $109.9 million in inflows as of August 6. Subsequently, Ethereum’s market cap stood at $302.5 billion today.

Solana Price

The crypto SOL’s price witnessed a remarkable 10.50% upswing over the past day, reaching $153.17. Solana’s 24-hour bottoms and peaks were recorded as $136.69 and $151.84, respectively.

It’s also worth mentioning that the coin’s market cap stood at $71.58 billion today.

XRP Price

Simultaneously, the XRP price rose 1.09% over the past day to trade at $0.5178. Its 24-hour bottoms and peaks were $0.4961 and $0.5185, respectively.

DOGE & SHIB Prices

Dogecoin’s price saw a 1.44% upswing over the past day to reach $0.09975. Similarly, SHIB price jumped 0.65% to trade at $0.0000138.

Also, PEPE, WIF, and FLOKI surged 5%-20% over the past day.

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Crypto Gainers Today

Cat in a Dogs World (MEW) price surged 17.46% to $0.005932.
Notcoin (NOT) price gained 16.79% to $0.01188.
Zcash (ZEC) price soared 13.43% to $33.92.
Flare (FLR) price jumped 10.81% to $0.0173.

Crypto Losers Today

Akash Network (AKT) price fell 4.21% to $2.53
Maker (MKR) price tumbled 3.73% to $1,899.74.
Brett (BRETT) price slipped 2.49% to $0.0.9193.
OKB (OKB) price waned 1.33% to $33.89.

Besides, hourly time frame charts continue underscoring the presence of bullish momentum, indicating that further gains may be witnessed in the crypto prices today. BTC gained 0.74% over the past hour, while ETH pumped 0.61%.

Also Read: Canada Crypto Exchanges Rush as CIRO Membership Deadline Nears