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The cryptocurrency market faced high volatility on August 10, with Bitcoin’s (BTC) price pausing at $60,000. Ethereum (ETH), Solana (SOL), and XRP, among other major altcoins, traded in the red zone, paralleling the market trend. This fluctuation caused a 1.84% drop in the total market value of the cryptocurrency market, bringing it down to $2.11 trillion. At the same time, the total cryptocurrency trading volume also fell by 23.36%, recording $70.18 billion.
Current Status of Bitcoin’s Price
Bitcoin lost 1.46% of its value in the last 24 hours, trading at $60,512. The intraday lowest and highest levels were $59,587 and $61,464, respectively.
Bitcoin’s market dominance rose to 56.48%, showing a 0.09% increase. Additionally, the Open Interest (OI) in Bitcoin futures increased by 1.78%, reaching $28.18 billion. On the last trading day of the week, spot Bitcoin ETFs saw an outflow of $89.73 million, reflecting the weakness in price movement.
Current Status of Altcoins
The altcoin king Ethereum dropped by 3.27% in the last 24 hours, trading at $2,604. ETH’s intraday lowest and highest levels were $2,555 and $2,706, respectively. This drop in Ethereum followed significant sales by large ETH investors on Coinbase and Kraken exchanges. Ethereum’s market value stands at $313.1 billion.
Solana lost 3% of its value, trading at $154.20, with intraday lowest and highest levels recorded at $151.23 and $159.57. The increasing interest in spot Solana ETFs in the US highlights the need for regulatory easing.
XRP dropped by 4.09%, trading at $0.5912. XRP’s intraday lowest and highest levels were $0.569 and $0.6164, respectively.
The largest memecoin Dogecoin (DOGE) fell by 2.01%, trading at $0.1038, while the popular memecoin Shiba Inu (SHIB) dropped by 0.97%, trading at $0.00001397. Other memecoins like PEPE, WIF, and BONK lost between 3% and 4% of their value.
The top gainers of the day include Helium (HNT) with a 15.15% rise, trading at $6.79, Cronos (CRO) with a 13.15% rise, trading at $0.09441, Zcash (ZEC) with a 12.56% rise, trading at $41.06, and Toncoin (TON) with an 8.51% rise, trading at $6.70.
Conversely, the top losers of the day include Popcat (POPCAT) with a 9.27% drop, trading at $0.573, Brett (BRETT) with a 5.81% drop, trading at $0.09837, and Render (RENDER) with a 4.74% drop, trading at $4.80.
