Today, Bitcoin has surged past the $57,000 mark as speculation grows around the Bank of Japan’s potential plans to halt rate hikes. Ethereum and XRP are also performing well, continuing to trade in the green. Meanwhile, Solana is making headlines with an impressive near 10% increase.
Highlights:
The crypto market stays strong as rumors grow about the Bank of Japan stopping interest rate hikes. Bitcoin has surged past $57,000, showing solid performance. Solana is seeing a big boost, rising nearly 10%. Ethereum and XRP are also trading well in the green zone.
In the meme coin sector, the trend continues, with WIF and FLOKI leading the pack.
Crypto Market Holds Steady Amid BOJ Speculation
Today’s crypto prices have held onto recent gains, sparking investor optimism worldwide. Bitcoin (BTC) has reclaimed the $57,000 mark, while Ethereum (ETH) is trading at around $2,500. Solana (SOL) has surged nearly 10% in the past 24 hours, and XRP is also trading positively. The global crypto market cap has increased by 1.66% to $2 trillion. However, the total crypto market volume has dropped by 49.85% to $104.79 billion.
It’s worth noting that the Bank of Japan (BOJ) has hinted it might stop raising interest rates after the recent market crash, which could help the broader market recover.
Here’s a quick update on the top cryptocurrencies by market cap and how their prices are doing today, August 7.
Today’s Cryptocurrency Prices
Bitcoin Price
Bitcoin (BTC) is priced at $56,918.65 today, up 2.18% in the last 24 hours. Its 24-hour low was $54,486.22, and the high was $57,287.44. Bitcoin’s market dominance increased by 0.04% to 55.87%. However, Bitcoin ETFs saw $148.56 million in outflows as of August 6. Despite this, BTC’s price rose over 4% during the day, holding strong at $57,461.
Ethereum Price
Ethereum (ETH) rose 0.71% in the past day, trading at $2,512.70. Its 24-hour low was $2,418.96, and the high was $2,553.58. BlackRock’s Ethereum ETF (ETHA) saw significant inflows of $109.9 million as of August 6. Today, Ethereum’s market cap stands at $302.5 billion.
Solana Price
Solana (SOL) saw a significant 10.50% increase over the past day, reaching $153.17. Its 24-hour low was $136.69, and the high was $151.84.
It’s also worth mentioning that the coin’s market cap stood at $71.58 billion today.
XRP Price
XRP rose 1.09% in the past day, trading at $0.5178. Its 24-hour low was $0.4961, and the high was $0.5185.
DOGE & SHIB Prices
Dogecoin (DOGE) increased by 1.44% to $0.09975, while Shiba Inu (SHIB) went up 0.65% to $0.0000138. Additionally, PEPE, WIF, and FLOKI surged between 5% and 20% over the past day.
Top Cryptocurrency Gainers Today
– Cat in a Dogs World (MEW): Up 17.46%, priced at $0.005932.
– Notcoin (NOT): Rose 16.79%, now at $0.01188.
– Zcash (ZEC): Increased by 13.43%, trading at $33.92.
– Flare (FLR): Jumped 10.81%, priced at $0.0173.
Today’s Crypto Losers
– Akash Network (AKT): Down 4.21% to $2.53.
– Maker (MKR): Dropped 3.73% to $1,899.74.
– Brett (BRETT): Fell 2.49% to $0.09193.
– OKB (OKB): Decreased 1.33% to $33.89.
Despite these losses, hourly charts show continued bullish momentum, suggesting potential further gains. BTC increased 0.74% in the last hour, while ETH rose 0.61%.
Reference: Coingape
Disclaimer:
This report is for informational purposes only and does not constitute financial advice. Cryptocurrencies are volatile and carry risks. Always do your own research and consult a financial advisor before investing. Prices and data may change rapidly, and we are not responsible for any financial losses.
