Crypto

Cryptocurrency Price Today: Bitcoin Fails To Rise Above $30,000, HBAR Becomes Top Gainer

Published

11 months ago

August 8, 2023

Cryptocurrency Price Today: Bitcoin Fails To Rise Above $30,000, HBAR Becomes Top Gainer

Bitcoin, the world’s oldest and most valued crypto, failed to rise above the $30,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a minor dips across the board. The market fear and greed index stood at neutral, scoring 50 (out of 100). The Hedera (HBAR) token emerged to be the biggest gainer, with a 24-hour jump of nearly 6 percent. The XDC Network (XDC), on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 7 percent.

The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour loss of 0.23 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $29,179.72, registering a 24-hour gain of 0.26 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.11lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,827.77 marking a 24-hour dip of 0.44 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.56 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 1.80 percent, as per CoinMarketCap data, currently priced at $0.07373. As per WazirX, Dogecoin price in India stood at Rs 6.31.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 1.03 percent. At the time of writing, it was trading at $82.21. LTC price in India stood at Rs 7,002.13.

Ripple (XRP) Price Today

XRP price stood at $0.6202, seeing a 24-hour loss of 0.75 percent. As per WazirX, Ripple price stood at Rs 53.20.

Solana (SOL) Price Today

Solana price stood at $23.05, marking a 24-hour dip of 0.72 percent. As per WazirX, SOL price in India stood at Rs 1,931.24.

Top Crypto Gainers Today (August 8)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Hedera (HBAR)

Price: $0.05905
24-hour gain: 5.83 percent

Chainlink (LINK)

Price: $7.34
24-hour gain: 2.25 percent

Bitcoin Cash (BCH)

Price: $237.26
24-hour gain: 2.23 percent

Algorand (ALGO)

Price: $0.1129
24-hour gain: 2.06 percent

Trust Wallet Token (TWT)

Price: $0.9179
24-hour gain: 1.74 percent

Top Crypto Losers Today (August 8)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

XDC Network (XDC)

Price: $0.06835
24-hour loss: 7.86 percent

Compound (COMP)

Price: $53.63
24-hour loss: 6.40 percent

Pepe (PEPE)

Price: $0.000001105
24-hour loss: 5.57 percent

Frax Share (FXS)

Price: $6.27
24-hour loss: 5.21 percent

Synthetix (SNX)

Price: $2.48
24-hour loss: 5 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Presently, Bitcoin’s trading value has surpassed the $29,000 mark. During the preceding night, it briefly fell below $29,000 but quickly rebounded. This phenomenon could potentially find its roots in the recent launch of PayPal’s stablecoin, PYUSD, a digital asset pegged to the US dollar. Additionally, the surge in Bitcoin’s price might be attributed to bullish traders closely observing the impending US July Consumer Price Index report to identify consistent inflation trends. Historically, the Federal Reserve’s approach of monetary tightening triggers market expectations of impending rate reductions, causing Bitcoin’s price to fluctuate. In contrast, Ethereum’s trading range remains steady, fluctuating between $1,800 and $1,850.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market continues to be range-bound. The global crypto market capitalization, down 0.2 percent, continues to be above $1.2 trillion. The crypto fear and greed index, however, has jumped 5 points and continues to remain in the neutral zone with a score of 54/100.”

Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin edges towards $30,000, driven by positive sentiment. The push beyond $30,000 hinges on the US July Consumer Price Index (CPI) report, reflecting inflation trends. The value of Bitcoin has historically been intertwined with market sentiments surrounding the Federal Reserve’s monetary tightening and the anticipation of rate cuts. On WazirX, Dodo (DODO) and Dusk Network (DUSK) have been the top gainers in the last 24 hours.”

Shivam Thakral, the CEO of BuyUCoin, said, “In the middle of the digital revolution, the cryptocurrency sector is booming. Its volume increased by a startling 49.70 percent over the previous day to a stunning $32.34 billion. The giant of global payments, PayPal, has announced its entry into the cryptocurrency space with the launch of PayPal USD (PYUSD), an Ethereum-based stablecoin. The action is historic because it is the first time a big financial institution has released its own stablecoin.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “As of Monday, Bitcoin (BTC/USD) is trapped in a tight trading range with the $30,000 and $29,000 resistance and support levels respectively. Technical indicators such as RSI and MACD indicate a neutral outlook in the current situation. The price chart shows an ongoing downtrend and reaches $29,100. This downtrend may persist and potentially push Bitcoin towards the $28,700 level where some support could be found. However, a break of the support below $28,700 could lead to a further decline towards the $28,200 level. The market remains uncertain and investors should closely monitor Bitcoin price movements for signs of a possible reversal or further decline.”

CoinDCX Research Team told ABP Live, “Bitcoin (BTC) price has been consolidating between $28,900 to $29,280 for the past few weeks, with no clear direction. Overall, Bitcoin is seeing its volumes suppressed, leading volatility to head back to its lowest-ever levels. On the positive side, whales appear to be holding back from selling compared to previous bear markets. This suggests that they are confident in the long-term prospects of Bitcoin.”

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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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Crypto

Ethereum ETFs imminent after amended S-1s (Cryptocurrency:ETH-USD)

Published

4 hours ago

June 22, 2024

Press Room

Ethereum ETFs imminent after amended S-1s (Cryptocurrency:ETH-USD)

Liliya Filakhtova

Seven financial firms eyeing exchange-traded funds linked to Ethereum (ETH-USD) amended their S-1 filing on Friday, raising expectations of an imminent launch of the first set of ETFs tied to the second-largest cryptocurrency.

According to the industry publication CryptoSlate, Franklin Templeton, VanEck, Invesco Galaxy, BlackRock (BLK), 21Shares, Grayscale, and Fidelity filed updated S-1 documents for their respective funds, while Bitwise did not amend its registration statement.

Among the eight prospective issuers, Franklin Templeton and VanEck announced their ETF fees at 0.19% and 0.20%, respectively.

The filings mark a key step in launching the products after the SEC cleared Ethereum (ETH-USD) ETFs in May in response to applications from firms including Nasdaq (NDAQ), Intercontinental Exchange’s (ICE) NYSE, and Cboe Global Markets (CBOE).

With the amended filings complete, crypto investors will eagerly wait for a potential final approval from the SEC to clear the launch, which, according to Bloomberg ETF analyst Eric Balchunas, could be as early as July 2. “Anyway, that’s basically a wrap. Ball in SEC’s court now,” he wrote on X.

Crypto

Attorney General warns of cryptocurrency scams at event in The Villages

Published

11 hours ago

June 22, 2024

Press Room

Attorney General warns of cryptocurrency scams at event in The Villages

Attorney General Ashley Moody

This week, we hosted a Cryptocurrency Scams Symposium in The Villages and recognized the top Seniors vs. Crime volunteers.

Florida is proud to be home to more than 5.5 million seniors. Unfortunately, there are bad actors who try to prey on older Floridians. Our Cyber Fraud Enforcement Unit presented to seniors at the symposium about how to avoid falling victim to cryptocurrency scams.

Protecting Florida’s seniors is one of our top priorities, and we are also grateful for all our Senior Sleuth volunteers’ efforts on behalf of older Floridians.

Last year, Senior Sleuths assisted more than 9,100 Florida seniors, put in more than 11,200 hours of free services and recovered more than $2.6 million. Since 2019, Seniors vs. Crime is responsible for recovering more than $10.5 million.

At the end of the symposium, we named five Super Senior Sleuths, one from each region of Florida for their outstanding work for their fellow seniors.

We also recognized our Senior Sleuth Advocate of the Year, John McLaughlin. Logging more than 10 years as a Seniors vs. Crime volunteer, John uses his background as a law enforcement officer to assist seniors and solve high-value cases.

By assisting those who have been taken advantage of and teaching seniors how to protect themselves from scams and exploitation, we are continuing to build a Stronger, Safer Florida.

Ashley Moody is attorney general of Florida.

Crypto

Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade

Published

18 hours ago

June 22, 2024

Press Room

Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Croatia’s top crypto exchange, Electrocoin, launches Electrocoin Trade, a crypto exchange platform for EU clients.

One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU.

The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users get to entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also get access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.

Regardless of the new service, Electrocoin decided to keep the old service as well – any adult citizen in the EU can buy, sell, or trade cryptocurrencies up to 1000 euros without verification or prior registration on the platform. This way, Electrocoin wanted to ensure their existing and future users had an option where they could still access crypto even if they would rather not register with the new platform. This service is possible due to regulatory approval for KYC-less money exchange under certain thresholds.

The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service – paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies – as long as the payment recipient has a bank account number.

Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out.

To get started, visit the Electrocoin Trade website.

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