Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to recover to above $23,000 on early Friday morning, despite dipping down to around $22,000 late on Thursday. Ethereum (ETH), the second-most valued crypto, managed to remain stable and is expected to rise above the $1,700 mark later today. Alongside, popular crypto coins such as Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) managed to see 24-hour gains across the board. Among lesser-known altcoins, the Flow (FLOW) token emerged as the biggest gainer, along side other tokens such as Waves (WAVES) and Trust Wallet Token (TWT).
At the time of writing, the global crypto market cap stood at $1.08 trillion as per CoinMarketCap data, registering a 24-hour gain of 0.53 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,129.04. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.08 percent. As per Indian exchange WazirX, BTC price stood at Rs 19.02 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 0.12 percent, ETH price stood at $1,656.57. As per WazirX, Ethereum price in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 1.19 percent as per CoinMarketCap data, currently priced at $0.06816. As per WazirX, Dogecoin price in India stood at Rs 5.65.
Litecoin (LTC) price today
Litecoin registered a gain of 4.19 percent over the past 24 hours. At the time of writing, it was priced at $61.52. LTC price in India stood at Rs 4,970.41.
Ripple (XRP) price today
XRP price stood at $0.3761, seeing a 24-hour gain of 0.70 percent. As per WazirX, Ripple price stood at Rs 30.88.
Solana (SOL) price today
Solana price stood at $40.03, marking a 24-hour gain of 1.31 percent. As per WazirX, SOL price in India stood at Rs 3,319.
Top crypto gainers today (August 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 32.51 percent
24-hour gain: 13.78 percent
Trust Wallet Token (TWT)
24-hour gain: 9.73 percent
24-hour gain: 7.36 percent
24-hour gain: 6.56 percent
Top crypto losers today (August 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 5.01 percent
NEAR Protocol (NEAR)
24-hour loss: 2.47 percent
24-hour loss: 2.40 percent
24-hour loss: 2.36 percent
24-hour loss: 2.26 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “The second largest cryptocurrency, Ethereum, is slowly gearing up and accumulating power to make a move. A continued rise is likely if the price returns to the $1,700 level today.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “The market saw mixed reactions on Thursday. The first half of the day was bullish followed by a slightly bearish market till the evening. It again entered the green region by the end of the day. Market news attributed Blackrock Fund Management’s partnership with Coinbase to be a positive move and boosted the market during the day. Secondary coins like Litecoin price alone did increase by 5 percent during the day, and the privacy coins did lose up to 3 percent in general.”
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.