On Friday morning, the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), were trading higher. Ethereum was the most popular cryptocurrency today.
As of 8:50 am, the market capitalization of all cryptocurrencies increased by 1.6% to $1.1 trillion. However, according to data from Coinmarketcap, the overall volume of cryptocurrencies fell by 5.78% to $42.07 billion.
About $4.91 billion, or 11.68% of the entire 24-hour volume of the crypto market, is traded in the segment of decentralised financial coins. All stable coin volume is $37.98 billion, or around 90.28 percent, of the 24-hour total volume of all cryptocurrencies.
Table of Contents
Bitcoin
At 8.50 am, Bitcoin was up 1.19 percent to $23,298.14 and held a 40.33 percent market share of all cryptocurrencies.
Ethereum
This morning, the price of Ethereum was $1,711,57, up 1.53 percent.
In terms of price analysis, Ethereum had considerable gains. It appears that profit taking caused the price of Ethereum to decline. On August 7, sometime about 2:49 PM, the price fell below $1,680 and entered the red. But on August 7, after 5 PM, the price of Ethereum appeared to slowly rebound, and by 6.24 PM, the price had crossed the $1,700 threshold.
However, there was a substantial attempt to lower Ethereum’s price 5 hours ago at 3:49 AM, and it was also partially successful.
On August 8, the price of Ethereum dropped from $1,717 at 3.49AM to $1,693 at 4.49AM. However, the price rose after falling to that level.
Various Alternative Cryptocurrencies
The cost of Solana today increased by 4.13 percent to $41.46.
At $0.53, Cardano (ADA) increased by 3.49 percent. $525,084,778 was the increase of 38.49% in ADA’s 24-hour trading volume.
At $327.04, Binance (BNB) had increased by 5%. Its $1,056,165,829 24-hour trading volume was down 7.22%.
After reports that the Directorate of Enforcement (ED) is looking into two complaints against WazirX under the Foreign Exchange Management Act, 1999 (FEMA), Binance and WazirX, an Indian cryptocurrency exchange, started arguing on Twitter, Binance and WazirX have been the target of numerous other Twitter fights.
Coin Meme
Dogecoin (DOGE) increased by 2.02% to $0.06974. Its $198,165,638 24-hour trading volume was down 13.51% from the previous day.
Shiba Inu (SHIB) increased by 2.54% to $0.00001221.
Finance Decentralized (DeFi)
Yearn.Finance (YFI) dropped 1.19% to $11,418.76. At $57,528,839, its 24-hour trading volume had decreased by 36.41 percent.
The price of Avalanche (AVAX) increased by 4.97% to $27.77, and its 24-hour trading volume increased by 9.94% to $786,365,143.
The price of Aave (AAVE) was up 3.59 percent at $102.70, and its 24-hour trading volume was up 13.1 percent at $136,401,265.