The crypto market takes another hit and today several major coins are down almost 5 percent. Many altcoins continue to slowly depreciate, with the total cryptocurrency market cap down 1.8% to $1.208 trillion.
Still, there are a number of exceptions in the top 100 largest cryptocurrencies. We have three currencies that have performed very strongly over the last few weeks and are back in positive territory today.
⚡Market overview #Bitcoin The price is over $29,000
The top 10 are trading in the red zone: $SOL -4.38%, $ADA -3.66%, $DOGE -3.59%
Market Cap: $1.28 trillion (-1.57%)
The #BTC Dominance: 44.08% (-0.34%)
Fear and Greed Index: 52 (Neutral) pic.twitter.com/Jjxlqph0mY— CryptoRank Platform (@CryptoRank_io) August 3, 2023
Bitcoin price is back at $29,000
Bitcoin (BTC) briefly surged above $30,000 and then briefly fell back below $29,000. This could be due to a looming lawsuit against Binance, whale profit-taking, and a US credit cut.
Although the price is currently still hovering around $29,000, analysts are gradually rising bearish short term. At $29,100, BTC is currently down 1.2%.
#Bitcoin back to the lows.
Boring price action, but the $29,000 loss seems to mark a pretty sharp drop below the recent lows. pic.twitter.com/Mk4ZhiSbJr
— Michael van de Poppe (@CryptoMichNL) August 3, 2023
Ethereum price closely follows Bitcoin
Ethereum (ETH) is still closely tracking Bitcoin and fell as low as $1,820 last night. At the time of writing, ETH price is just above $1,833, down 1.3%.
🥩 25 million ETH share🥩
→ 22.5M ETH ($42B) active stake
→ 2.5 million ETH ($4.5 billion) waiting to be staked pic.twitter.com/WfOD4vuV11— Ultrasound Money 🦇🔊 (@ultrasoundmoney) August 2, 2023
Litecoin and XRP fall the most among the top 10 red cryptocurrencies
At the top, Tron (TRX) then holds the strongest but is still down 1.5% to $0.0765. However, Binance Coin (BNB) is already down 2.5% to $239. Solana (SOL) even falls 3.9% to $22.7.
Cardano (ADA) is down as much as 3.8% today and is trading around $0.295. Ripple (XRP) is already down 4.7%, falling to $0.66. Dogecoin also loses 4.7% of its value and is around $0.073.
However, Litecoin (LTC) is the biggest loser today despite the network going through the long-awaited halving yesterday. However, this is not a huge surprise as this also happened during the previous LTC halving. LTC is down 5.6% to $86.
Have a nice half day @litecoin! Let’s compare some key metrics to the last halving in 2019. What do you notice?#LITECOINHALVING #LTC #Litecoin pic.twitter.com/V9wneIZkRS
— IntoTheBlock (@intotheblock) August 2, 2023
Sui and Compound are the top 100 hardest falling cryptocurrencies
In the top 100 we have even more prices falling sharply. For example, Bitcoin Cash (BCH), Bitcoin SV (BSV), Radix (RDX), Stellar (XLM), and Chainlink (LINK) are down about 5%. Sui (SUI) even falls by more than 6% and Compound (COMP ) by almost 7%.
.@SuiNetwork just broke a groundbreaking record in blockchain history.
Most transactions have ever been recorded on a blockchain.
Here is the tldr.🧵 pic.twitter.com/YmIQCuiDuf
— Artemis (@Artemis__xyz) August 2, 2023
3 hard risers in the top 100: XDC, Kaspa and Flex Coin
Not everything turns red today, we even have some strong climbers. Although XDC is currently falling sharply from the $0.086 top, the price is still up 6% today. In fact, XDC is up nearly 130% over the past 30 days, priced at $0.073.
And XDC didn’t even need legal clarity or a positive legal decision. 135% increase compared to last month. Today alone another 14% pic.twitter.com/zrHm3tLtxl
— Bill Morgan (@Belisarius2020) August 3, 2023
Kaspa (KAS) is up nearly 11% today at $0.0459. The KAS price even reaches a new value all-time high a few hours ago from $0.048. KAS is up about 95% compared to 30 days ago.
#caspa has a new all-time high 🔥
1 $kas = $0.048#crypto #bull run #btc pic.twitter.com/EaS3OyLryR
— KASPA Enthusiast 𐤊 (@KASPAEnthusiast) August 3, 2023
Outside of the top 100, we see the Open Exchange Token (OX) gaining as much as 27%, but we find the day’s big winner in the top 100: Flex Coin (FLEX). FLEX price is above $7 this morning and is up almost 30% today. FLEX is up about 80% in the last 30 days.
Top 10 biggest increases in value in the last 24 hours$FLEX $OX $RLB $XDC $CASH $USTC $WBT $CELO $HBAR $CRV pic.twitter.com/A63JvSMEfk
— CoinTrendz.com (@CoinTrendz) August 3, 2023
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