Bitcoin Dips to US$58,569.11: Latest Crypto Price Insights
Crypto News: Today, on August 19, the cryptocurrency market majority appears in red as all digital assets are trying to recover their declined value. We are going to discuss the crypto prices movement, market capitalizations, and other vital data for the leading cryptos to understand the dynamics of their performance, which is important for both investors and enthusiasts to make informed decisions in the fast-paced crypto environment.
1. Bitcoin (BTC)
Price: US$58,569.11
Change(24h): -1.49%
Volume(24h): US$14.26B
Market Cap: US$1.16T
Category: Currency
Overview: The crypto price of Bitcoin slightly dropped by 1.49%, but it retains most of its dominance, with a market capitalization of just over US$1.16 trillion. However, the trading volume over the last 24 hours is high, indicating very strong interest and activity in BTC.
2. Ethereum (ETH)
Price: US$2,634.80
24h Change: 1.20%
24h Volume: US$9.22B
Market Cap: US$316.93B
Category: Smart Contract Platform
Overview: Over the past 24 hours, the crypto price of Ethereum has shown a slight upward trend, making gains of 1.20%. The platform holds its number one position as the smart contract platform with the utmost significance for all operations of applications within the blockchain landscape, having a market capitalization of US$316.93 billion. Trading volume was also highly engaged in the market.
3. BNB (BNB)
Price: US$535.89
24h Change: -0.14%
24h Volume: US$652.13M
Market Cap: US$78.18B
Category: Smart Contract Platform
Overview: BNB, the native cryptocurrency of Binance, the cryptocurrency price moved only by a drop of 0.14%. With US$78.18 billion of market capitalization, BNB remains one of the biggest smart contract players in existence, specifically in the Binance Smart Chain (BSC).
4. Solana (SOL)
Price: US$142.97
24h Change: 1.33%
24h Volume: US$7.55B
Market Cap: US$66.57B
Category: Smart Contract Platform
Overview: Solana performed strongly at 1.33%. Known for its fast transactions and near-zero costs, Solana became one of the leaders in the crypto world right from the start. Its rising market capitalization reflects the spreading influence across smart contract platforms.
5. XRP (XRP)
Price: US$0.56652867
24h Change: 0.14%
24h Volume: $2.23B
Market Cap: $31.73B
Category: Currency
Overview: XRP, used for cross-border remittances, saw its price increase by a marginal 0.14%. At US$31.73 billion, it remains one of the largest cryptocurrencies and an important constituent, especially in the case of fintech.
6. Toncoin (TON)
Price: US$6.97
24h Change: 7.26%
24h Volume: US$553.46M
Market Cap: US$17.55B
Category: Smart Contract Platform
Overview: Toncoin was up 7.26%, one of the gainers on this list. It’s a smart contract platform where Toncoin picks up speed with the consequent increased market cap and trading volume.
7. Dogecoin (DOGE)
Price: US$0.10041297
24h Change: -1.71%
24h Volume: US$429.99M
Market Cap: US$14.62B
Category: Currency
Overview: Meme-inspired cryptocurrency, Dogecoin, dropped by 1.71%. With this drop, DOGE has a tight squeeze of US$14.62 billion market capitalization. This is further cemented through its boundlessly loyal community and continued interest from retail investors.
8. Cardano (ADA)
Price: $0.33377988
24h Change: -0
Overview: Cardano, a blockchain platform focused on sustainability and scalability, dropped 0.14%. It stayed at US$11.89 billion in market capitalization, establishing it as one of the most critical smart contract players out there. Newer developments and updates are highly expected to catalyze growth in the future.
9. Tron TRX
Price: 0.13476699
24h Change: 1.02%
24h Volume: $0
Market Cap: $11.74B
Category: Smart Contract Platform
Overview: Tron crypto price remained nearly positive at an increase of 1.02%, surviving to be a top smart contract platform; however, data for the 24-hour trading volume is not available. Its US$11.74 billion market capitalization showed it still had some relevance in this decentralized application space.
10 . Wrapped Bitcoin (WBTC)
Price: US$58,552.49
24h Change: -1.38%
24h Volume: US$0
Market Cap: US$8.96B
Category: N/A
Overview: Wrapped Bitcoin, the Bitcoin representative on the Ethereum network, was down 1.38%. Even as it retreated, WBTC is a very critical asset in bridging Bitcoin liquidity to the Ethereum ecosystem.
Conclusion
The cryptocurrency market as of August 19, 2024, has become marked with minor gains and losses for various leading digital assets. While Bitcoin held on to the lead by market capitalization, other cryptocurrencies like Ethereum, Solana, and Toncoin are resilient and on the upside. Stablecoins like Tether and USD Coin remain true to their cause, serving as stable alternatives amidst turmoil in the market.
The cryptocurrency market is very dynamic, and knowing the prices, market caps, and trading volumes is critical in making an educated investment decision. Be it for a seasoned trader or newbies in the crypto world, knowing these trends will enable you to get through the markets more effectively.
