Crypto Prices on August 8, 2024: Bitcoin at $56k with Mixed Market Trends
The cryptocurrency market is constantly evolving, with prices fluctuating based on various factors. Today, August 8, 2024, the crypto market showcases some significant movements. From Bitcoin maintaining its position above US$56,000 to notable gains in XRP and Toncoin, here’s a detailed look at today’s cryptocurrency prices and trends.
1. Bitcoin (BTC)
Price: US$56,913.14
Change: 0.13%
Market Cap: US$1.12T
Volume: US$38.99B
Bitcoin, the leading cryptocurrency, continues to dominate the market. Today, Bitcoin is priced at US$56,913.14, showing a modest increase of 0.13%. The market cap stands at a substantial US$1.12 trillion, with a trading volume of US$38.99 billion. Bitcoin’s stability above the US$56,000 mark indicates strong support from investors.
2. Ethereum (ETH)
Price: US$2,426.82
Change: -3.39%
Market Cap: US$291.85B
Volume: US$23.63B
Ethereum, the second-largest cryptocurrency, has experienced a decline of 3.39%, bringing its price to US$2,426.82. Despite this drop, Ethereum remains a dominant player in the smart contract platform space, with a market cap of US$291.85 billion and a trading volume of US$23.63 billion.
3. Solana (SOL)
Price: US$153.09
Change: -0.06%
Market Cap: US$71.27B
Volume: US$7.55B
Solana, known for its high-speed transactions and robust smart contract platform, is priced at US$153.09, experiencing a minor dip of 0.06%. Solana’s market cap is US$71.27 billion, with a trading volume of US$7.55 billion.
4. Binance Coin (BNB)
Price: US$487.99
Change: -1.38%
Market Cap: US$71.19B
Volume: US$1.13B
Binance Coin (BNB) has seen a decrease of 1.38%, bringing its price to US$487.99. As a key player in the smart contract platform sector, BNB’s market cap is US$71.19 billion, with a trading volume of US$1.13 billion.
5. XRP
Price: US$0.60565349
Change: 18.11%
Market Cap: US$33.92B
Volume: US$2.23B
XRP has, in a big way, gone up by 18.11%, and its price is now US$0.60565349. This increase, very big, was responsible for signs that the market cap of XRP moved to US$33.92 billion, whereas the volume of exchanges was US$2.23 billion. In the same way, ripple is declaring a positive trading volume today which signals some gaps that are left to disappear fully.
6. Toncoin (TON)
Price: US$5.93
Change: 2.49%
Market Cap: US$14.92B
Volume: US$553.46M
Toncoin’s value has also elevated. A percentage hike of 2.49% places its price at US$5.93. The market cap is US$14.92 billion with a trading volume of US$553.16 million.
7. Dogecoin (DOGE)
Price: US$0.09954415
Change: 0.60%
Market Cap: US$14.47B
Volume: US$1.09B
Dogecoin, popular for its meme origins, is priced at US$0.09954415, with a 0.60% increase. Its market cap is US$14.47 billion, and the trading volume is US$1.09 billion.
8.Cardano (ADA)
Price: US$0.33491645
Change: -0.31%
Market Cap: US$11.92B
Volume: US$371.80M
Cardano, which is a very prominent smart contract platform, lost its token price by 0.31% during the last 24h. The present price has thus moved to US$0.33491645. Its current market cap is at US$11.92 billion, while the volume of trade accounts for US$371.80 million.
9. Tron (TRX)
Price: US$0.12554737
Change: 1.17%
Market Cap: US$10.94B
Volume: US$352.33M
Tron has reported a growth rate of 1.17% and is now traded at US$ 0.12554737. Now it’s the 10.94 billion dollar of market cap and its trading volume is US$352.33 million.
10. Wrapped Bitcoin (WBTC)
Price: US$56,999.63
Change: 0.10%
Market Cap: US$8.72B
Volume: US$318.30M
The Wrapped Bitcoin (WBTC) has a price near Bitcoin’s, which is US$56,999.63, increasing by 0.10%. The market cap is US$8.72 billion, with a trading volume of US$318.30 million.
Conclusion
A comprehensive evaluation of the prices of crypto is provided today, and what we see is a blend of ups and downs in different cryptocurrencies. Bitcoin is still standing tall, holding its position way above US$56,000, while XRP and Toncoin lead with significant increases.
Smart contracts on Ethereum and other platforms like Solana and Binance Coin have taken a small breather. Tether and USD Coin are the two stablecoins that are countering the risks of the market. The need to stay abreast of the latest prices of a cryptocurrency is a critical element in deciding to inform them.
