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Crypto prices today show Bitcoin falling 12.82% and Ethereum dropping 20.91%

The overview of the cryptocurrency market showed it was in the red, with major cryptocurrencies experiencing notable price declines as of August 5, 2024. This article discusses in detail crypto prices, 24-hour percentage changes, trading volumes, and market caps for major cryptocurrencies.

1. Bitcoin (BTC)

Price: $52,841.46

24h % Change: –12.82%

Volume (24h): $52.16B

Market Cap: $1.04T

Sector: Currency

Bitcoin, boasting a market capitalization of $1.04 trillion, is down 12.82% over the past 24 hours. The cryptocurrency has $52.16 billion in trading volume. The king of all cryptos is still a hold above the entire currency space, despite the takedown, though recent market volatility does not bode well for its performance.

2. Ethereum (ETH)

Price: $2,298.54

24h % Change: -20.91%

Volume (24h): $42.12B

Market Cap: $276.42B

Sector: Smart Contract Platform

It has fallen 20.91% in the last 24 hours; the trading volume of Ethereum stands at $42.12 billion, while the market capitalization lies at $276.42 billion. This precipitous fall tracks broader market trends dragging down smart contract platforms and, indeed, across the board of cryptocurrency prices.

3. BNB (BNB)

Price: $435.40

24h % Change: -17.72%

Volume (24h): $2.27B

Market Cap: $63.52B

Sector: Smart Contract Platform

BNB belongs to the Binance Smart Chain and is down 17.72% in the last 24 hours. BNB’s trading volume sits at $2.27 billion, with a market capitalization of $63.52 billion. This seems to follow the general decline of smart contract platforms due to recent crypto news.

4. Solana (SOL)

Price: $119.95

24h % Change: -16.33%

Volume (24h): $0

Market Cap: $55.51B

Sector: Smart Contract Platform

Solana is down 16.33% in the past 24 hours. Solana keeps battling through hard market conditions for smart contract sectors, having nil trading volumes reported and a market cap of $55.51 billion. This trend indicates part of the volatility in crypto prices of platforms like Solana.

5. XRP (XRP)

Price: $0.47142723

24h % Change: -15.13%

Volume: $0

Market Cap: $26.25B

Sector: Currency

XRP is down 15.13% in the last 24 hours. With no trading volume reported and a market cap of $26.25 billion, the currency continues to fight for a niche in the currency sector. This decline comes as part of the broader fluctuation of prices of cryptocurrencies.

6. Dogecoin

Price: $0.09094595

24h % Change: -15.76%

Volume (24h): $1.63B

Market Cap: $13.22B

Sector: Currency

Changes in the last 24 hours: Dogecoin is down 15.76%. It had a trading volume of $1.63 billion, with its market capitalization at $13.22 billion. Dogecoin is not immune to the downtrend movements, just like every other digital currency, which shows in its current shift in price.

7. Toncoin (TON)

Price: $5.25

24h % Change: -13.18%

Volume (24h): $0

Market Cap: $12.93B

Sector: Smart Contract Platform

Toncoin is down 13.18% in the last 24 hours. There is no volume to trade, and a market capitalization of $12.93 billion. Toncoin’s performance reflects wider trends in the smart contract platform sector. This change is part of the current cryptocurrency price dynamics.

8. Cardano (ADA)

Price: $0.30632110

24h % Change: -15.31%

Volume (24h): $628.15M

Market Cap: $10.90B

Sector: Smart Contract Platform

Cardano has lost 15.31% in the past 24 hours, with the trading volume at $628.15 million and a market capitalization of $10.90 billion. Cardano continues heading further down in the smart contract platform sector, reflecting the fluctuations in crypto prices these days.

9. Tron (TRX)

Price: $0.12200692

24h % Change: -3.44%

Volume (24h): $352.33M

Market Cap: $10.63B

Sector: Smart Contract Platform

While TRON has seen a more minor decline of 3.44% over the last 24 hours, it still has a trading volume of $352.33 million and a market capitalization of $10.63 billion, making it less fragile in comparison with other smart contract platforms, quite remarkable against the backdrop of the recent crypto news.

10. Wrapped Bitcoin

Price: $53,111.87

24h % Change: -12.70%

Volume (24h): $318.30M

Market Cap: $8.13B

Sector:

Wrapped Bitcoin has lost 12.70% over the past 24 hours. The trading volume is $318.30 million, at a market capitalization of $8.13 billion. WBTC simply repeats all the movements of Bitcoin because its nature is to link its value directly to that of Bitcoin, hence moving constantly by crypto price changes.

Conclusion:

While the major cryptocurrencies are broadly on the decline, big drops are common in Bitcoin, Ethereum, and smart contract platforms. This serves as a warning to traders and investors to study and hence make decisions based on these movements in the current volatile environment. These include keeping up to date with evolving crypto prices and the latest crypto news.

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Shivaganesh is a creative content writer who crafts news articles, newsletters, webstories, and comprehensive blogs and excels in SEO skills. He specializes in writing about technological beats, including AI, Robotics, and Data Analytics. She excels at weaving engaging articles with a keen eye for detailing, making complex topics interesting for the readers.

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