The crypto prices in the market today have continued their decline from yesterday. The week starting August 26, saw the crypto market begin on a positive note. At the time, the price of the flagship asset, Bitcoin was above $63k, and Ethereum traded at $2.7k. However, 5 days later, high volatility has sent the prices of these assets crashing below key levels.
Notably, investor sentiment surrounding the market continues to hover in ‘fear’ as illustrated by the crypto fear and greed index (a metric between 1 and 100 used to measure investors’ confidence). Precisely, the metric now points to 29, down five points from yesterday’s 34. Consequently, the total crypto market cap lost 0.42% over the last day to rest at $2.08 trillion. Below is a summary of how the top cryptocurrencies have reacted over the last day.
Top Crypto Prices Today
The price of Bitcoin has maintained at $59,000 for the last three days. According to CoinMarketCap data, BTC declined by 0.65% to $59,041 at the time of writing. Also, its trading volume over the last day plummeted by 17% to $27.6 billion. Amid the downtrend, the Bitcoin exchange-traded fund saw negative flows as of August 30. As per Soso Value data, BTC ETF saw a -$175.67 million daily total net inflow during this time.
Source: CoinMarketCap
Ethereum, the second-largest cryptocurrency by market cap, declined in the last 24 hours. As per on-chain data, the price of ETTH dipped by 0.32% to $2,514. Moreover, ETH has traded between $2,440.93 and $2,540.32 over the last day with a 2.12% drop in trading volume. Interestingly, the Ethereum ETF saw zero total net flow as of August 30. This has raised wild discussions about the fading interest from institutional investors in the product.
Other Altcoin Prices
Solana dropped 2.50% at the time of writing to trade at $136.37. Moreover, the price of Solana touched the bottoms and tops of $132.49 and $140.42 respectively in the last 24 hours.
The Ripple-backed XRP continues to trade below the $0.6 mark. CMC data shows that the price of XRP saw a marginal increase of 0.60% to trade at $0.5667. Its 24-hour bottoms and tops were recorded at $0.5476 and $0.568.
Binance Coin (BNB) spiked by 0.02% to trade at $536.06 and maintained a 24-hour range of $522.95 and $542.46 respectively. TRX dipped by 2.27% to change hands at $0.1572 with 24-hour lows and highs of $0.1571 and $0.1619 respectively. Meanwhile, Toncoin (TON) declined by 1.62% to touch $5.33.
Meanwhile, the memecoin market has shown significant declines in the last 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins have both decreased within this time. While DOGE dropped by 0.48%, SHIB crashed by 1.81%. Consequently, DOGE and SHIB traded at $0.1007 and $0.00001384 respectively.
Top Trending Crypto Gainers Today
SolarFare (SLF) gained 25.77% to $0.8058
TronDog (TRONDOG) skyrocketed by 16.55% to reach $0.001596
Kava Lend (HARD) surged 11.43% to $0.1140
Radiant Capital (RDNT) moved up by 10.17% to $0.0834
Stormx (STMX) added 8.99% to $0.006337
The post Crypto Price Update August 31: BTC Holds $59K, Broader Altcoin Market Experiences Turbulence appeared first on Coinfomania.
