Today’s crypto price update: Bitcoin falls to $58.5K, Solana declines by 7.4%
On August 12, 2024, the cryptocurrency market observes a drift amidst volatility and resilience. This overview provides information on the latest crypto prices, percentage changes, and market capitalizations of key cryptocurrencies.
1. Bitcoin (BTC)
Pricing: $58,588.36
Change: –3.89%
24-Hour Trading Volume: $23.75B
Market Cap: $1.16T
Category: Currency
Although Bitcoin still keeps its crown as the first cryptocurrency, it fell by 3.89% in the past 24 hours. The general dominance is undisturbed, with a market capitalization of $1.16 trillion and $23.75 billion in trading volume within the last 24 hours, indicating that interest and liquidity in the market are still very high. The crypto price for Bitcoin is of great importance to market sentiment and trends.
2. Ethereum (ETH)
Price: $2,544.82
Change: 3.88%
24-Hour Trading Volume: $14.37B
Market Cap: $306.06B
Category: Smart Contract Platform
The leading smart contract platform Ethereum (ETH) has experienced a 3.88% decline which is relatively the same as Bitcoin’s performance. With $14.37 billion of a 24-hour trading volume and a $306.06 billion market capitalization, it has not yet finished fighting. It remained very firm in its place in the market of the crypt space although it was shifting from its former place. Yet, that is why it is a priority for many investors to keep watching cryptocurrency prices such as Ether’s.
3. Binance (BNB)
Price: $507.02
Change: 4.44%
24-Hour Trading Volume: $827.82M
Market Cap: $73.97B
Category: Smart Contract Platform
The native token of Binance, BNB, fell significantly by 4.44%. Even then, its market capitalization could be maintained at $73.97 billion with a trading volume of $827.82 million. Being the native token for the Binance exchange and all its ecosystem developments, the price action of BNB resonates significantly with the performance of the exchange itself. If one has some investment in the Binance ecosystem, then the crypto price of BNB becomes quite relevant to keep an eye on.
4. Solana (SOL)
Price: $143.72
Change: 7.40%
24-Hour Trading Volume: $7.55B
Market Cap: $66.91B
Category: Smart Contract Platform
Solana has fallen 7.40%, one of the more significant oversized drops of the top ten. It retains an enormous market cap of $66.91 billion and a substantial trading volume of $7.55 billion to its name, but recent turbulence has sent its price tumbling. From time to time, tracking cryptocurrency prices can help outline the volatility of a market, such as that of Solana.
5. XRP (XRP)
Price: $0.5609
Change: 4.52%
24-Hour Trading Volume: $2.23B
Market Cap: $31.41B
Category: Currency
XRP is down by 4.52% with a current price of $0.5609. At $31.41 billion in market capitalization and $2.23 billion in trading volume, XRP continues to be one of the more important currencies in the crypto space but has yet to break free from numerous regulatory hurdles and shifting market sentiments. Peering at the crypto price of XRP should therefore offer a sign of its comparative positioning within the market.
6. Toncoin (TON)
Price: $6.09
Change: 8.78%
24-Hour Trading Volume: $553.46M
Market Cap: $15.33B
Category: Smart Contract Platform
Toncoin has seen the highest decline among the top cryptocurrencies; it shed 8.78%. The market capitalization is about $15.33 billion with a trading volume of $553.46 million. After all, this steep plunge, Toncoin finds a place in the category of smart contract platforms. The trends in Toncoin’s price of cryptocurrency give insights into its market conditions.
7. Dogecoin (DOGE)
Price: $0.1019
Change: 6.20%
24-Hour Trading Volume: $683.64M
Market Cap: $14.83B
Category: Currency
Dogecoin is trading at $0.1019, down 6.20% with a market cap of $14.83 billion and a trading volume of $683.64 million, which becomes an example of the continued appeal despite recent price volatility. One can feel that by keeping track of the crypto price of Dogecoin, there is a lot to learn about the broader sentiment of the market.
8. Cardano (ADA)
Price: $0.3313
Change: 5.40%
24-Hour Trading Volume: $236.67M
Market Cap: $11.79B
Category: Smart Contract Platform
Cardano is down by 5.40% with the current price about $0.3313. Its market capitalization is $11.79 billion, while it has a trading volume of $236.67 million. Cardano, although having lost ground in the last few days, remains one of the key smart contract platforms. Watching the cryptocurrency price of Cardano will help to put it in its place in the market.
9. Tron (TRX)
Price: $0.1281
Change: 0.61%
24-Hour Trading Volume: $352.33M
Market Cap: $11.16B
Category: Smart Contract Platform
Tron is down 0.61% with the price now at $0.1281. It remains a major smart contract platform with a market cap of $11.16 billion and a trading volume of $352.33 million, though its performance could be said to have its challenge within the market. It’s noticed the cryptocurrency price of Tron helps define its behavior within the current market.
10 .Wrapped Bitcoin (WBTC)
Price: $58,603.33
Change: 4.10%
24-Hour Trading Volume: $318.30M
Market Cap: $8.97B
Category:
Wrapped Bitcoin has contributed a fall of 4.10%. As in the case of Bitcoin, this price remains in a similar trending pattern. Its market capitalization of $8.97 billion with a trading volume of $318.30 million speaks for its nature as the tokenized version of Bitcoin on the Ethereum blockchain. The trend of WBTC’s crypto price would help in understanding its market behavior concerning Bitcoin.
Conclusion
The cryptocurrency market has undergone some turbulence recently, with many major cryptocurrencies in decline. Leaders in space, such as Bitcoin and Ethereum, saw large drops, while stablecoins like Tether and USD Coin remained relatively stable. Altcoins like Solana and Toncoin showed higher volatility and thus showed the nature of the crypto market. Be informed and consider the trends in making any investment decision.
