Cryptocurrency Price Today: The cryptocurrency market on Friday, August 5, remained largely flat but remained green as major altcoins, including Bitcoin, Ethereum, Solana and Dogecoin, held their ground, surging slightly in the past 24 hours. Market sentiment has marginally improved in recent days, contributing to crypto market cap gains. Global cryptocurrency market cap jumped 1.74 percent in the past day to $1.08 trillion at the time of writing this article, data shows. However, trading volume fell 3.71 percent in the past 24 hours to $63.86 billion.
Bitcoin traded slightly higher on the day, holding the $23,000 mark as investor sentiment improved in recent days. Today’s Bitcoin price was $23,162.79 at the time of writing, up 1.11 percent in the past 24 hours, according to data pulled from CoinMarketCap.
“Bitcoin maintained its position around the $23,000 level earlier today. BTC’s trading volumes have remained low, but market sentiment has marginally improved in recent days. On the daily timeframe, the BTC trend continues to move within a bearish channel pattern,” said a spokesperson for the WazirX trading desk.
“Over the past few weeks, BTC price has been in an uptrend and has reached higher lows. The next major resistance level for BTC is expected at $32,300 and the next support is expected at $19,000,” the spokesperson added.
Meanwhile, Ethereum remained above USD 1,600 on Friday, thanks to improved sentiment. Ether price rose 2.33 percent today at the time of writing in the article to scale $1,655.85, data from CoinMarketCap showed. On the other hand, Polkadot regained its top 10 position at heart, knocking over Dogecoin as it gained more than 4 percent in the last 24 hours.
“Ethereum has remained fairly flat against Bitcoin over the past week, bouncing between 0.070 and 0.072 levels. The daily chart for ETH-BTC broke out of the triangle pattern more than a week ago and continues to test the upper trendline again. There was no apparent upward momentum after the pattern break. The next major support for ETH-BTC is expected at 0.049 and the next resistance is expected at 0.078,” the spokesperson for the WazirX trading desk said.
Here are the top 10 cryptocurrencies and their prices as of August 5, 2022, Friday, (according to data from coinmarketcap.com)
Bitcoin $23,162.79 or 1.11 percent gain in the last 24 hours
Ethereum $1,655.85 or 2.33 percent gain in the last 24 hours
Tether $1.00 or 0.01 percent loss in the last 24 hours
USD Coin $1.00 or 0.00 percent loss in the last 24 hours
BNB $320.13 or 6.59 percent gain in the last 24 hours
XRP $0.373 or 0.90 percent gain in the last 24 hours
Binance USD $1.00 or 0.01 percent gain in the last 24 hours
Cardano $0.5092 or 1.74 percent gain in the last 24 hours
Solana $40.07 or 3.18 percent gain in the last 24 hours
Polkadot $8.38 or 4.09 percent gain in the last 24 hours
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