Crypto Prices Today August 8: BTC Holds Above $57K, XRP Rallies 20%

Crypto prices today: Bitcoin (BTC) price maintains a hold above $57K despite encountering significant turbulence over the past day. The Ripple Labs-backed crypto XRP’s price gained nearly 20% against the backdrop of Judge Torres’ latest ruling on the SEC’s motion for remedies. Moreover, Solana (SOL) also gained considerably, whereas Ethereum (ETH) traded in the red zone.

The global crypto market cap jumped 0.44% to $2.02 trillion. Besides, the total crypto market volume slipped 5.37% to $99.14 billion.

Here’s a brief overview of some of the highest-ranking cryptocurrencies by market cap and their price action today, August 8.

Crypto Prices Today

Bitcoin Price

The BTC price rested at $57,306.41 at press time, an increase of 0.89% over the past day. Its 24-hour lows and tops were recorded as $54,620.51 and $57,726.88, respectively.

Bitcoin’s dominance was evaluated as 56.09%, an increase of 0.20% over the past day. Also, it’s worth mentioning that Japan’s Metaplanet today announced securing an additional ¥1 billion loan for Bitcoin purchases.

Ethereum Price

The ETH price rested at $2,437.58 today, a fall of 2.79% in the past 24 hours. This waning movement came primarily attributable to $2 billion worth of ETH moved by seized wallets linked to the Plus Token Ponzi scheme.

Meanwhile, Grayscale’s ETHE Ethereum ETF recorded $31.9 million in outflows as of August 7. Ethereum’s daily lows and peaks were $2,312.17 and $2,551.56, respectively.

Solana Price

The crypto SOL witnessed a price action similar to Bitcoin, up 0.89% at press time to reach $153.27. Solana’s 24-hour bottoms and peaks were recorded as $142.02 and $156.15, respectively.

XRP Price

XRP price traded at $0.6125 today, a remarkable 18.64% pump in the past 24 hours. The Ripple-backed asset’s 24-hour bottoms and tops were $0.4942 and $0.6408, respectively.

With Judge Torres ruling that Ripple is “restrained and enjoined from violating Section 5 of the Securities Act,” the XRP community finally gets positive news. Moreover, the ruling mandated Ripple with a slightly above $125M penalty, a drastically less amount compared to SEC’s proposed $2 billion fine.

Also, the court ordered no disgorgement for Ripple, again posing as a setback for the SEC. Simultaneously, Ripple’s ODL sales won’t be subject to security laws following Torres’ ruling.

DOGE & SHIB Prices

Whilst, Dogecoin saw a 2.05% upswing in the past 24 hours and Shiba Inu noted a 1.32% dip. DOGE price stood at $0.1003 today, whereas SHIB price rested at $0.00001346. Also, Pepe coin slipped 0.15% to $0.000007941.

Also Read: Robinhood Records 161% Crypto Revenue Growth In Q2

Crypto Gainers Today

Popcat (POPCAT) price surged 23.83% to $0.6237
dogwifhat (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.

However, the hourly time frame charts illustrated that the crypto prices today encountered significant volatility. This could mean a volatile trading session for coins as the day longs.

Also Read: US Recession: Is Another Stock And Crypto Selloff Ahead?

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.