Cryptocurrency Price Today: Bitcoin Dips Below $23,000 As Majority Altcoins Register Losses
Cryptocurrency price on August 2 quick take: Ethereum, Dogecoin, and several other popular coins took a hit.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, saw a minor dip in the past 24 hours, as its price plunged below $23,000. Along with BTC, most other altcoins also found themselves in the reds across the board. Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and several other cryptocurrencies faced 24-hour losses. On the other hand, among lesser-known altcoins, the Chiliz (CHZ) token turned out to be the biggest gainer over the pst 24 hours. The Filecoin (FIL) token, which was the biggest gainer yesterday, turned out to be the biggest loser today, reflecting the incredible volatility of the crypto market.
At the time of writing, the global crypto market cap stood at $1.05 trillion as per CoinMarketCap data, registering a 24-hour loss of 3.68 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $22,811.30. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 2.38 percent. As per Indian exchange WazirX, BTC price stood at Rs 19.22 lakhs.
Ethereum (ETH) price today
With a 24-hour loss of 6.97 percent, ETH price stood at $1,577,75. As per WazirX, Ethereum price in India stood at Rs 1.34 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour loss of 5.89 percent as per CoinMarketCap data, currently priced at $0.06612. As per WazirX, Dogecoin price in India stood at Rs 5.63.
Litecoin (LTC) price today
Litecoin registered a loss of 5.22 percent over the past 24 hours. At the time of writing, it was priced at $57.17. LTC price in India stood at Rs 4,821.24.
Ripple (XRP) price today
XRP price stood at $0.3721, seeing a 24-hour loss of 3.06 percent. As per WazirX, Ripple price stood at Rs 31.20.
Solana (SOL) price today
Solana price stood at $40.25, marking a 24-hour loss of 6.49 percent. As per WazirX, SOL price in India stood at Rs 3,401.
Top crypto gainers today (August 2)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Chiliz (CHZ)
Price: $0.1511
24-hour gain: 19.57 percent
Cronos (CRO)
Price: $0.1415
24-hour gain: 1.84 percent
Theta Network (THETA)
Price: $1.41
24-hour gain: 1.59 percent
PAX GOLD (PAXG)
Price: $1,772.66
24-hour gain: 0.59 percent
Monero (XMR)
Price: $156.74
24-hour gain: 0.55
Top crypto losers today (August 2)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Filecoin (FIL)
Price: $7.87
24-hour loss: 27.10 percent
Internet Computer (ICP)
Price: $7.57
24-hour loss: 16.53 percent
Arweave (AR)
Price: $13.44
24-hour loss: 15.95 percent
Lido DAO (LDO)
Price: $1.87
24-hour loss: 14.16 percent
EOS (EOS)
Price: $1.17
24-hour loss: 13.56 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “The global crypto market started this month with a correction. Bitcoin started the week trading marginally lower on Monday for a fourth consecutive day with increased market volatility. The bearish sentiment appears to have started after bulls were unsuccessful in holding BTC above the $23,000 level. In addition to BTC, Ethereum also traded lower in the past 24 hours. ETH could manage to break its resistance at $1,700 but could not sustain it for long. It might suggest that ETH retest its previous support levels before reclaiming the $1,700 level.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Monday led to corrections across all cryptos. The prices plunged between 2 to 4 percent. Top coins like Bitcoin and Ether took a hit of 2 percent while other altcoins lost double that percentage. While not all of the gain achieved during the weekend is lost, the Sunday and Monday corrections contributed to the loss of about half of the gain. The biggest losers were the ones promoting the independent decentralised exchanges, also known as DEX, which plunged by up to 6 percent on a single day on Monday.”
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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