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Litecoin

Bitcoin, ether, dogecoin prices surge. Check latest rates

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Cryptocurrency prices today surged with Bitcoin surging nearly 3% to $39,267 while the second-biggest cryptocurrency after Bitcoin, ether was up more than 6% to $2,677, as per CoinDesk. Over the past 24 hours, the digital currency Ether climbed to its highest level in nearly two months during the midst of a software upgrade that will trim the pace at which fresh tokens are minted. Still, Ether is well off its record highs.

In some ways, the optimism about the upgrade, known as London or EIP-1559, resembles the hoopla surrounding past reductions in the block rewards for Bitcoin miners. While so-called halvings were planned events, Bitcoin typically rallied in anticipation that demand would either remain steady or increase while the pace of issuance slowed, reported Bloomberg.

Dogecoin, on the other hand, rose over 1% to $0.19 whereas other cryptocurrencies like Cardano, Stellar, XRP, Litecoin also surged over the last 24 hours.

A lot of crypto investors took advantage of the recent spike in bitcoin and booked profits worth $2.09 billion last week, suggesting that there is a belief that the recent spike in the world’s biggest cryptocurrency was only a bearish relief rally.

According to a note by blockchain data provider Glassnode, after an extended period of very negative sentiment, and sustained downwards price action, bitcoin traded high with gusto last week. “A key question is whether this is a disbelief rally (where everyone doubts the new bull trend), or simply a bearish relief rally in a larger time-frame downtrend,” Glassnode said in a note.

Separately, Cryptocurrency investment products and funds posted outflows for a fourth consecutive week, the bulk of which came from bitcoin products, which also experienced its fourth straight weekly outflow, data from digital asset manager CoinShares showed as reported by Reuters.

(With inputs from agencies)

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Litecoin

Cryptocurrency prices today: Bitcoin, Ether fall as virtual coin market sees profit booking

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Cryptocurrency prices weakened on Tuesday as the virtual coin market saw increased profit-booking by investors. However, analysts suggest that the consolidation is minor and virtual coin markets will not witness a major impact due to it.

Bitcoin, the world’s most popular cryptocurrency was trading at $38,582.30, down over 2.5 per cent at 2:05 pm. Bitcoin’s market capitalisation fell sharply to $724.36 billion.

Meanwhile, Ether fell over 3.5 per cent to trade at $2,487. The second-most popular virtual coin’s market capitalisation fell to $290.85 billion. Most other popular cryptocurrencies fell including XRP, Cardano, Dogecoin, Polkadot and Litecoin.

Cryptocurrency highlights | Check yesterday’s prices

CRYPTO OUTFLOWS FOR 4 WEEKS IN A ROW

The cryptocurrency market has witnessed a sharp recovery over the past two weeks but encountered outflows for the fourth consecutive week. A bulk of the outflows came from Bitcoin products, suggests data from digital asset manager CoinShares.

Cryptocurrency outflows hit $19.5 million the week ended July 30, with Bitcoin reaching $19.7 million in outflows. However, some virtual coins such as XRP and Polkadot saw minor inflows during the week.

Commenting on the weakness, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The cryptocurrency markets consolidated over the past 24 hours. Most of the major cryptos saw some profit booking.”

“After 12 successive green candles, ETH declined by around 4.2%. It is still a minor profit booking and not a selloff as the traded volumes have remained constant over the past 24 hours,” he added.

“Such consolidations help the market to eliminate the bad actors. We can expect the markets to remain under some pressure over the week.”

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

38,597.15

-2.50%

$724.64

$28.70 billion

Ether

2,490.44

-3.47%

$291.25

$27.18 billion

Dogecoin

0.197849

-3.64%

$25.83

$1.03 billion

Litecoin

137.71

-4.07%

$9.39

$1.54 billion

XRP

0.714574

-4.11%

$71.45

$3.13 billion

Cardano

1.29

-2.09%

$41.76

$1.12 billion

DISCLAIMER: The cryptocurrency prices have been updated as of 02:25 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.

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Market & Analysis

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours – Markets and Prices Bitcoin News

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Crypto assets have climbed in value during the last 24 hours as the price of bitcoin tapped a high on Friday, reaching $42,411 per unit at 8:00 p.m. (EDT). The entire market capitalization of all 10,000+ crypto assets is $1.64 trillion on Saturday, up over 6% during the last day.

Bitcoin Climbs Over 20% This Week

The price of bitcoin (BTC) and a number of other digital assets have climbed higher in value during the last few days. Five days ago, a massive short squeeze propelled the price of bitcoin higher as it jumped just below the $40K handle from a low of $34,500 per unit.

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours
Bybit.com’s Liquidation Data.

Similarly, there was also a large derivatives expiry on Friday ending the month of July and at around 8:00 p.m. (EDT) a swathe of short positions were liquidated. During the course of the last day, $284.7 million worth of positions were liquidated according to bybt.com’s Liquidation Data.

After 8:00 p.m., the price of bitcoin (BTC) quickly spiked to $42,411 per unit and has remained above the $41K handle since then. BTC is up over 7% today and over 20% during the last seven days. Out of the entire $1.64 trillion, bitcoin’s (BTC) market cap captures 47.66% of the aggregate with $781 billion.

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours
BTC/USD chart on July 31, 2021, via Bitstamp.

BTC has around $33 billion in global trade volume on Saturday with tether (USDT) commanding 59% of all trades. This is followed by USD (12.29%), BUSD (5.85%), JPY (4.34%), and EUR (3.41%). At the time of writing, BTC is exchanging hands for $41,522 per unit.

Ethereum Spikes 12% This Week, Easyfi Jumps Over 2,800%, Tether Captures 47% of Global Trade Volume

The second-largest crypto asset, in terms of market cap, is ethereum (ETH) up over 5% during the last day. ETH has gained 12% during the last seven days and at press time ETH is swapping for $2,455 per unit.

Bitcoin Price Regains Strength Above $41K, Crypto Market Cap Jumps 6% in 24 Hours
ETH/USD chart on July 31, 2021, via Deribit.

The biggest gainers during the last seven days include the coins easyfi (EASY) up a whopping 2,854%, flexacoin (FXC) up 706%, and omix (OMX) up 500% this week. The biggest weekly losers include beetle coin (BEET) down 83%, chip (CHIP) down 54%, iov blockchain (IOV) down 51%.

The biggest 24-hour gainer among the top ten largest crypto assets, in terms of market valuation, is polkadot (DOT) which is up 12% today and 20% during the last week. Out of the $1.64 trillion worth of crypto assets, the reported trade volume on Saturday is $84 billion. Tether (USDT) reportedly commands $57 billion or 47.36% of today’s global trade volume among all the crypto assets recorded.

What do you think about the recent crypto run-up and improved prices? Let us know what you think about this subject in the comments below.

Tags in this story
Bitcoin, Bitcoin Price, BTC, Crypto Prices, cryptocurrency markets, Easyfi, ETH, Ethereum, Gainers, IOV blockchain, Losers, Market Cap, Market Update, Markets, Percentages, price of bitcoin, Prices, Saturday Trading, Weekend Markets

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bybit Data, Bitcoinwisdom.io,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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