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In line with the declines in the traditional asset market, Bitcoin and other crypto tokens saw substantial declines in price on Friday. Global traders are anticipating the outcome of the Jackson Hole Symposium of the Federal Reserve, notably Chair Jerome Powell’s speech scheduled for later in the day.
Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $26,037.7, and down by around 1.54% since yesterday. Other well-known altcoins, Cardano (ADA), Polkadot (DOT), and Solana (SOL), also experienced losses on the other side of the border.
Ethereum is trading at $1,650.4, with almost 1.52% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a downfall of 2.95%. Solana also faced losses, with its price decreasing by 5.98%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 3.63% since the last day. Polkadot coin price saw a decrease of almost 2.60% in one day.
The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 2.82%, while Shiba Inu’s token price is up by almost 3.18%, in the last 24 hours.
The crypto market today is primarily bearish with few exceptions. The global crypto market cap stands at $1.05 trillion. The 24-hour crypto market volume is $28.26 billion, with a more than 15% decrease.
The top 4 cryptos for today are:
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Pepe coin is down by 26.28%
Pepe coin price is witnessing significant losses today. Pepe coin price is down by more than 26% in the last 24 hours. It is trading at $0.0…08538, at the time of writing. It holds a global market cap of $334.45 million. A channel pattern was recently attempted to be broken by the price of Pepe Coin, however, Pepe lacked the buying volume to support the breakout. Because of this, the price has decreased.
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BONE token is up by 11.65%
Bone ShibaSwap’s BONE token price is witnessing the bulls today. The price is up by more than 11% in the last 24 hours. Its price is trading at $1.39. at the time of writing. It holds a global market cap of $319,532,557. One of the main reasons for BONE’s return is that the doubts around Shibarium’s poor start have gone away, and investors are now looking forward to fresh developments.
Also Read: XRP Price Prediction: Profitable Traders Are Considering This Key Level
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SUI token is down by 10.81%
SUI token price is down by more than 10% in the last 24 hours. Its price is trading at $0.5414, the the time of writing. It holds a global market cap of $391,167,803. The drop comes after Binance said earlier this week that it would make SUI tokens available through its Launchpool, which allows users to deposit crypto assets into a liquidity pool and earn incentives.
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CFX token is down by 8.69%
Conflux (CFX) token is down by more than 8% in the last 24 hours. Its price is trading at $0.1207, the the time of writing. It holds a global market cap of $382,530,915. Conflux, on the other hand, just announced an interface with Binance earlier this year and has managed to recover from previous losses.
Also Read: Bitcoin Exchange Supply Drops to 6-Year Low, Will BTC Price Rally?
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