Bitcoin (BTC) and Ethereum (ETH), the world’s two most-valued cryptocurrencies managed to remain steady over the weekend, not showing much change in price as BTC saw a 24-hour gain of 1.34 percent while ETH registered a 24-hour gain of 1.62 percent. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) managed to land in the greens as well. Among lesser-known cryptocurrencies, the Oasis Network (ROSE) token turned out to be the biggest gainer over the last 24 hours, while Decred (DCR) turned out to be the biggest loser on Monday despite being the top gainer late last week.
At the time of writing, the global crypto market cap stood at $1.10 trillion as per CoinMarketCap data, registering a 24-hour gain of 1.52 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,308.63. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 1.35 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.66 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 1.40 percent, ETH price stood at $1,709.98. As per WazirX, Ethereum price in India stood at Rs 1.35 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 2.46 percent as per CoinMarketCap data, currently priced at $0.06994. As per WazirX, Dogecoin price in India stood at Rs 5.35.
Litecoin (LTC) price today
Litecoin registered a gain of 1.36 percent over the past 24 hours. At the time of writing, it was priced at $61.33. LTC price in India stood at Rs 4,785.10.
Ripple (XRP) price today
XRP price stood at $0.3734, seeing a 24-hour gain of 0.38 percent. As per WazirX, Ripple price stood at Rs 28.81.
Solana (SOL) price today
Solana price stood at $41.90, marking a 24-hour gain of 5.02 percent. As per WazirX, SOL price in India stood at Rs 3,230.99.
Top crypto gainers today (August 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Oasis Network (ROSE)
24-hour gain: 23.91 percent
24-hour gain: 10.49 percent
24-hour gain: 9.25 percent
24-hour gain: 8.72 percent
24-hour gain: 7.22 percent
Top crypto losers today (August 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 8.40 percent
Lido DAO (LDO)
24-hour loss: 3.88 percent
24-hour loss: 2.65 percent
24-hour loss: 1.86 percent
UNUS SED LEO (LEO)
24-hour loss: 1.56 percent
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “The largest cryptocurrency by market cap, Bitcoin, remained largely consolidated. ETH, too, barely moved out of the $1,700 range. Although the top cryptos did not move much, we did witness some movement across crypto sectors. Web3, for example, performed better than others. As institutional participants flock to the market for scouting directional trades, we might keep an eye out for trend line breakouts this week.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “The mixed market reactions continued during Friday and weekend. The ups and downs existed all across the time for close to generally no net gain by the end of Sunday. The only sector that saw some gain was alternates of Ethereum blockchain. There was a confusion between the founders of Binance and WazirX about who owns WazirX that created slight panic during the weekend in India and it seems to have subsided by end of the day on Sunday.”
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.