Crypto Prices Today August 3: Bitcoin Dips To $61K, ETH, SOL, & XRP Slip 4%-7%

The crypto prices today have taken an alarmingly bearish turn, raising significant concerns among market participants. Bitcoin’s (BTC) price dipped back to the $61K level, reversing recent gains. Further, Ethereum (ETH), XRP, and Solana prices tanked 4%-7%, in alignment with the broader market trend.

The global crypto market cap saw a 4.76% decline to $2.19 trillion today. However, the total crypto market volume increased by 10.72% to $95.22 billion.

Here’s a brief look at the leading cryptocurrencies by market cap and their price movements today, August 3.

Crypto Prices Today

Bitcoin Price

The BTC price cracked 4.31% in the past 24 hours to trade at $61,684.14. Its 24-hour bottoms and tops were recorded as $60,452.02 and $65,468.82, respectively.

After nearing the $65K mark as the U.S. employment data came in higher than expected, the coin has regained a bearish movement, sparking speculations. It’s worth noting that the bankrupt firm Genesis moved a whopping $1.5 billion in BTC and ETH amid creditor repayment plans, aligning with the current price movement.

Bitcoin’s dominance saw a 0.23% increase over the past day to 55.48%, hinting at the altcoin market’s comparatively poor performance.

Ethereum Price

Meanwhile, the ETH price showed signs of a pullback, falling 5.91% to $2,978.99. Its 24-hour bottoms and peaks were recorded as $2,911.93 and $3,179.4, respectively.

As mentioned above, Genesis’ creditor repayment-related transfer falls in line with the coin’s volatile movement. Meanwhile, ETH ETFs recorded over $54 million in outflows as of August 2, further validating the coin’s slumping action.

Solana Price

The SOL price witnessed a 6.76% dip in value and was trading at $153.22 at press time. Solana’s 24-hour lows and highs were recorded as $149.07 and $167.41, respectively.

Despite the recent steep fall of the Solana coin, on-chain metrics have offered bullish support for a potential $200 target retest.

XRP Price

The crypto XRP price saw a 4.08% fall in value and is currently trading at $0.5631. XRP’s 24-hour bottoms and tops were recorded to be $0.5446 and $0.5817, respectively. This waning momentum comes against the backdrop of hundreds of millions of XRP unlocked from escrow via Ripple.

DOGE & SHIB Prices

Simultaneously, Dogecoin price witnessed a 4.45% decrease today, reaching $0.1124. Similarly, Shiba Inu’s price experienced a 5.60% decline to $0.00001465.

Further, Pepe coin, WIF, and FLOKI tumbled 8%-13% over the past day, aligning with the broader market trend.

Also Read: Shiba Inu Price Gearing Up for $0.00002 Rally Amid Low Volume Downtrend

Crypto Gainers Today

The only gainer for today was Monero (XMR), pumping 1.89% at press time to reach $158.50.

Crypto Losers Today

AIOZ Network ( AIOZ) tanked 13.88% to $0.5204.
dogwifhat (WIF) price plunged 12.97% to $1.67.
Flow (FLOW) price dipped 12.58% to $0.6009.
Akash Network (AKT) price cracked 12.23% to $2.56.

However, the hourly time frame charts illustrated the presence of some resiliency, as BTC jumped 0.40%, while ETH gained 0.32%. Also, the SOL and XRP pumped 0.92% and 0.16%, respectively, sparking discussions on the crypto prices today.

Also Read: Bitcoin & Crypto Cheques To Clear $35T US Debt, Donald Trump Says

The post Crypto Prices Today August 3: Bitcoin Dips To $61K, ETH, SOL, & XRP Slip 4%-7% appeared first on CoinGape.