The cryptocurrency markets presented a mixed picture today, and investors are left uncertain due to the volatility in the markets. While the Bitcoin (BTC) price fell to $58,000 in the last 24 hours, Ethereum (ETH), Solana (SOL), and XRP traded mainly in the red zone. The total cryptocurrency market cap decreased by 2.62% to $2.08 trillion, while the total trading volume increased by 7.37% to $70.11 billion. Here is a brief summary of some of the top-ranked cryptocurrencies by market cap and their price movements on August 15:
Bitcoin Price Drops
Bitcoin is trading at $58,447.66 today, down 3.99%. The lowest and highest levels in the last 24 hours were recorded as $58,055.93 and $61,687.76, respectively. Bitcoin's market dominance fell by 0.68% to 55.57%. This decline was due to the impact of large BTC transfers recorded in the last 24 hours. Mt. Gox's Bitcoin address moved approximately 33 thousand BTC to new addresses, and the US government transferred 10 thousand BTC from Silk Road wallets. In addition, there was an outflow of $81.36 million in Bitcoin ETFs as of August 14. Bitcoin's market value reached $1.15 trillion today.
Ethereum ve Solana
Ethereum fell 2.10% today to $2,654.83. Its lowest and highest levels in the last 24 hours were recorded at $2,636.33 and $2,775.28, respectively. This decline is consistent with Jump Trading selling a large amount of ETH. However, as of August 14, Ethereum ETFs saw a net inflow of $10.77 million. Solana’s price fell 0.25% to $144.95. Its lowest and highest levels were $142.72 and $151.73, respectively. Interestingly, a Solana whale sold $86 million worth of SOL tokens in the last 24 hours, causing concern among investors.
XRP and Other Altcoins
XRP is trading at $0.5721, down 1.29% in the last 24 hours. Its lowest and highest levels were $0.566 and $0.5819, respectively. Dogecoin's price fell 3.04% to $0.1207, while Shiba Inu's price fell 1.46% to $0.00001365. Additionally, some cryptocurrencies such as Pepe coin (PEPE), WIF, and BONK also lost 2-7%.
Altcoins in the Green Zone
Some altcoins traded in the green zone, going against the general market trend:
Aave (AAVE): Up 10.42% to $106.82.
Toncoin (TON): Up 4.37% to $6.74.
Flare (FLR): Up 3.82% to $0.01566.
MANTRA (OM): Up 2.64% to $0.9859.
Losers
ORDI: fell 8.15% to $28.60.
dogwifhat (WIF): down 6.77% to $1.58.
Immutable (IMX): dropped 5.58% to $1.18.
Celestia (TIA): Down 5.57% to $5.74.
On the hourly timeframe, the charts indicate more volatility. BTC is down 0.11%, ETH is down 0.26%. Similarly, SOL and XRP are down 0.31% and 0.19% respectively. This is raising concerns among investors regarding cryptocurrency prices.
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