Ethereum (ETC), the world’s second-most valued cryptocurrency right after Bitcoin (BTC), managed to continue its bull run as it stayed above the $1,600 mark for the second consecutive day on August 4. Bitcoin, on the other hand, managed to rise above the $23,000 mark, showing some signs of recovery from the recent slump. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) saw minor 24-hour gains across the board. Among lesser-known altcoins, Optimism continued to be the biggest gainer of the day, seeing a nearly 30 percent gain in value.
At the time of writing, the global crypto market cap stood at $1.08 trillion as per CoinMarketCap data, registering a 24-hour gain of 1.81 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,069.96. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.93 percent. As per Indian exchange WazirX, BTC price stood at Rs 19.04 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 1.82 percent, ETH price stood at $1,647.87. As per WazirX, Ethereum price in India stood at Rs 1.36 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 0.89 percent as per CoinMarketCap data, currently priced at $0.06692. As per WazirX, Dogecoin price in India stood at Rs 5.64.
Litecoin (LTC) price today
Litecoin registered a gain of 2.24 percent over the past 24 hours. At the time of writing, it was priced at $58.82. LTC price in India stood at Rs 4,900.
Ripple (XRP) price today
XRP price stood at $0.3711, seeing a 24-hour gain of 1.11 percent. As per WazirX, Ripple price stood at Rs 31.
Solana (SOL) price today
Solana price stood at $39.33, marking a 24-hour gain of 0.95 percent. As per WazirX, SOL price in India stood at Rs 3,271.
Top crypto gainers today (August 4)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 28.93 percent
Lido DAO (LDO)
24-hour gain: 21.48 percent
24-hour gain: 10.23 percent
24-hour gain: 9.96 percent
24-hour gain: 9.24 percent
Top crypto losers today (August 4)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 8.27 percent
24-hour loss: 1.39 percent
Oasis Network (ROSE)
24-hour loss: 1.16 percent
Bitcoin Gold (BTG)
24-hour loss: 1.06 percent
Ethereum Classic (ETC)
24-hour loss: 0.66 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “Bitcoin has regained its price above the US$23,000 mark in the past 24 hours. If BTC manages to move above the $24,000 level and trade there for a considerable period, the bulls could gain further strength. The second largest cryptocurrency, Ethereum, also traded above the $1,600 zone. But, it seems ETH has not yet acquired enough power to continue the winning streak. So it is likely that ETH might trade sideways for the next few days.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “The crypto market generally stayed stable for the entire day on Wednesday. However, the price increase was noticed in the tokens feeding decentralised exchanges and NFT-related tokens. The market depth on both sides remained shallow, reducing trading volumes on the exchanges. How the market would move from now depends upon the buying or selling pressure that arises from now on. MicroStrategy CEO stepping down and a large amount of Bitcoin going into the hands of the company has kept the crypto traders cautious for the entire day.”
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.
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