Cryptocurrency Price Today: Bitcoin Briefly Crosses $30,000, APT Becomes Top Gainer
Cryptocurrency price on August 10 quick take: The global market cap stood at $1.18 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $30,000 threshold from a brief few hours late Wednesday, before settling in the $29,500 range early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of reds and greens across the board. The Aptos (APT) token emerged to be the biggest gainer of the lot, with a 24-hour jump of 11 percent. Optimism (OP), on the other hand, became the biggest loser, with a 24-hour dip of nearly 7 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour dip of 0.18 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,555.99, registering a 24-hour loss of 0.47 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.20 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,851.51 marking a 24-hour dip of 0.11 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.57 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 1.50 percent, as per CoinMarketCap data, currently priced at $0.07586. As per WazirX, Dogecoin price in India stood at Rs 6.54.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.43 percent. At the time of writing, it was trading at $84.10. LTC price in India stood at Rs 7,100.01.
Ripple (XRP) Price Today
XRP price stood at $0.6377, seeing a 24-hour loss of 0.18 percent. As per WazirX, Ripple price stood at Rs 54.10.
Solana (SOL) Price Today
Solana price stood at $24.28, marking a 24-hour dip of 0.31 percent. As per WazirX, SOL price in India stood at Rs 2,026.
Top Crypto Gainers Today (August 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aptos (APT)
Price: $7.43
24-hour gain: 11 percent
Rocket Pool (RPL)
Price: $27.92
24-hour gain: 10.84 percent
Uniswap (UNI)
Price: $6.30
24-hour gain: 3.96 percent
Pepe (PEPE)
Price: $0.00000123
24-hour gain: 3.83 percent
OKB (OKB)
Price: $248.35
24-hour gain: 3.73 percent
Top Crypto Losers Today (August 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Optimism (OP)
Price: $1.56
24-hour loss: 6.79 percent
XDC Network (XDC)
Price: $0.06341
24-hour loss: 6.66 percent
Hedera (HBAR)
Price: $0.05948
24-hour loss: 4.19 percent
Injective (INJ)
Price: $7.82
24-hour loss: 3.43 percent
Bone ShibaSwap (BONE)
Price: $1.62
24-hour loss: 2.03 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's price has settled in the vicinity of the $29,500 level. This response might be linked to the market anticipating today's release of US inflation data for July. Altcoin Aptos experienced a significant rise of around 12 percent in the past 24 hours due to the announcement of its partnership with Microsoft. Ethereum's 8-day trading pattern persists, as the coin's price fluctuates between the $1,800 and $1,900 levels.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market at large has traded sideways in the last 24 hours. As per CoinGecko, the global crypto market capitalization is down 0.1 percent and currently above $1.2 trillion. The crypto fear and greed index has jumped 3 points since yesterday and is currently in the neutral zone with a score of 53/100.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin (BTC) and Ether (ETH) traded flat. The crypto market remains unaffected despite news of the SEC planning to appeal the recent Ripple case ruling. The July ruling favoured Ripple partially, stating its XRP token sales weren't investment contracts, yet institutional sales breached securities laws. While XRP and SOL rallied, the ruling's impact on defining digital assets as securities is still debated among legal experts. On WazirX, Orchid (OXT) and Render Token (RNDR) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “On Wednesday, bitcoin rallied more than 2 percent to a peak around $30,000 before settling just above $29,500 on reduced Chinese trading and a drop in the yield on the 10-year US Treasury note. The value of the global cryptocurrency market is roughly $1.23 trillion. Despite the fluctuations, Bitcoin's outlook appears positive, potentially linked to institutional investors exploring alternative digital currencies. If Bitcoin breaks $29,750, further upside is possible; otherwise, it could drop to around $28,800. Notably, the increase in the value of Bitcoin can be attributed to influential investors taking long positions.”
Shivam Thakral, the CEO of BuyUCoin, said, “Overall, it appears that the news that the US Securities and Exchange Commission (SEC) plans to appeal the decision in its case against Ripple was ignored by the cryptocurrency market. A recent judgement that determined that Ripple's programmatic sales and other XRP distributions did not entail the offer or sale of securities according to the Howey test is now being appealed in part by the SEC. Despite these swings, the price of Bitcoin, the most popular cryptocurrency, remains stable at $29,567.33, demonstrating the continuous durability of this innovative digital assets.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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