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Bitcoin (BTC), the world's oldest and most valued cryptocurrency, managed to rise above $57,000 mark for the first time this week on Thursday.
Bitcoin price rose above the $57,000 mark (roughly Rs. 46.82 lakhs) for the first time this week on Thursday. Other popular altcoins, including the likes of Ethereum, Dogecoin, Solana, Ripple, and Litecoin saw a mix of minor gains and losses across the board, as the overall Market Fear & Greed Index stood at 42 (Neutral) out of 100, as per CoinMarketCap data.
The global crypto market cap stood at $2 trillion at the time of writing, registering a 24-hour dip of 0.88 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $57,102.95, registering a 24-hour gain of 0.60 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 46.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,418.95, marking a 24-hour dip of 3.55 percent at the time of writing. Ethereum price in India stood at Rs 2.09 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.45 percent, as per CoinMarketCap data, currently priced at $0.09943. Dogecoin price in India stood at Rs 8.26.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.41 percent. At the time of writing, it was trading at $58.13. LTC price in India stood at Rs 4,849.80.
Ripple (XRP) Price Today
XRP price stood at $0.6036, seeing a 24-hour jump of 17.68 percent. Ripple price in India stood at Rs 42.95.
Solana (SOL) Price Today
Solana price stood at $152.39, marking a 24-hour dip of 0.83 percent. SOL price in India stood at Rs 11,106.55.
Top Crypto Gainers Today (August 8)
As per CoinMarketPopcat (SOL) (POPCAT)
Price: $0.618724-hour gain: 11.86 percent
Stellar (XLM)
Price: $0.101724-hour gain: 8.83 percent
Sui (SUI)
Price: $0.654324-hour gain: 6.09 percent
Bitcoin SV (BSV)
Price: $40.55 24-hour gain: 5.09 percent
Top Crypto Losers Today (August 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $1.0624-hour loss: 7.56 percent
Celestia (TIA)
Price: $4.6424-hour loss: 7.32 percent
AIOZ Network (AIOZ)
Price: $0.489424-hour loss: 6.92 percent
Render (RENDER)
Price: $4.6024-hour loss: 6.88 percent
Hedera (HBAR)
Price: $0.0532124-hour loss: 6.42 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has rebounded to the $57,000 level as market participants seized the opportunity to buy the dip. Over the past month, Bitcoin whales have purchased $23 billion worth of BTC, indicating growing accumulation. Bulls are now aiming for further gains above $57,500. If BTC breaks through the $58,000 resistance zone soon, it could gain significant bullish momentum. Meanwhile, Ethereum has yet to gather enough strength for a sharp move and is currently trading around the $2,400 mark.”
CoinSwitch Markets Desk noted, “As broader crypto markets consolidate after the recent draw down, BTC fell as low as 54k USD and ETH is trading at more than 3% discount than the previous day. While bulls are hopeful again after the recent relief rally in BTC from $49k to $57k , macros have not changed much after the Monday crash. The major mover of the day remained XRP as it gained over 20% in the last
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