Cryptocurrency Price Analysis – August 1, 2023: Bitcoin, Ethereum, Dogecoin, and More
On early Tuesday morning, Bitcoin (BTC) and Ethereum (ETH), two of the most highly valued cryptocurrencies, were observed to be trading around $29,000 and $18,000, respectively. However, other popular alternative coins, such as Litecoin (LTC) and Dogecoin (DOGE), experienced minor losses, leading to an overall negative trend in the cryptocurrency market.
Among the altcoins, Bitcoin Gold (BTG) stood out as the biggest gainer, showcasing an impressive 24-hour price surge of over 11.33 percent. This significant increase in value may have attracted the attention of investors and traders, contributing to the coin’s positive performance.
Conversely, Compound (COMP) faced a different fate as it emerged as the biggest loser in the market. Compound’s price experienced a decline, resulting in a decrease in value over the same 24-hour period. The reasons behind this decline could be various, including market sentiment, regulatory factors, or overall investor behavior.
As of the current writing, the global cryptocurrency market cap amounts to $1.17 trillion. However, over the past 24 hours, the market has experienced a decline of 1.69 percent in its overall value. This decrease in the market cap indicates a minor setback in the cryptocurrency market’s total valuation, which could be attributed to various factors, including market sentiment, regulatory developments, and macroeconomic conditions.
Bitcoin (BTC) Price Today:
As of the current time, the price of Bitcoin (BTC) is $28,931.02, representing a 24-hour decline of 1.58 percent, according to data from CoinMarketCap. On the Indian exchange WazirX, the BTC price is quoted at Rs 25 lakhs.
Ethereum (ETH) Price Today:
As of the current time, the price of Ethereum (ETH) is $1,832.95, reflecting a 24-hour loss of 1.75 percent, according to available data. On the Indian exchange WazirX, the price of Ethereum is quoted at Rs 1.59 lakhs.
Dogecoin (DOGE) Price Today
As of the current time, the price of Dogecoin (DOGE) is $0.07655, indicating a 24-hour loss of 2.52 percent, according to CoinMarketCap data. On the Indian exchange WazirX, the price of Dogecoin is quoted at Rs 6.6800.
Litecoin (LTC) Price Today
As of the current time, the price of Litecoin (LTC) is $90.40, indicating a 24-hour loss of 3.00 percent, based on available data. On the Indian exchange, the price of Litecoin (LTC) is quoted at Rs 8,025.00.
Ripple (XRP) Price Today
As of the current time, the price of Ripple (XRP) is $0.6881, reflecting a 24-hour loss of 2.48 percent, based on available data. On the Indian exchange WazirX, the price of Ripple is quoted at Rs 59.5690.
Solana (SOL) Price Today
As of the current time, the price of Solana (SOL) is $23.58, indicating a 24-hour loss of 3.59 percent, based on available data. On the Indian exchange WazirX, the price of Solana is quoted at Rs 2,010.06.
Top Crypto Gainers Today
As of August 1, according to CoinMarketCap data, the top five crypto gainers over the past 24 hours are as follows:
- Bitcoin Gold (BTG):
- Price: $18.38
- 24-hour gain: 11.33 percent
- Bone ShibaSwap (BONE):
- Price: $1.54
- 24-hour gain: 6.16 percent
- Trust Wallet Token (TWT):
- Price: $0.9193
- 24-hour gain: 2.74 percent
- PancakeSwap (CAKE):
- Price: $1.54
- 24-hour gain: 2.49 percent
- XDC Network (XDC):
- Price: $0.05896
- 24-hour gain: 0.96 percent
Top Crypto Losers Today
As of August 1, according to CoinMarketCap data, the top five crypto losers over the past 24 hours are as follows:
- Compound (COMP):
- Price: $63.50
- 24-hour loss: 18.86 percent
- Curve DAO Token (CRV):
- Price: $0.5765
- 24-hour loss: 11.54 percent
- Aave (AAVE):
- Price: $63.80
- 24-hour loss: 10.50 percent
- Farx Share (FXS):
- Price: $5.55
- 24-hour loss: 8.74 percent
- Synthetix (SNX):
- Price: $2.51
- 24-hour loss: 6.40 percent
