Bitcoin, ether, dogecoin, other crypto prices are rising today. Check the latest prices
Cryptocurrency prices rose today with Bitcoin trading above the $23,000 mark. The world’s largest and most popular cryptocurrency Bitcoin traded almost 2% higher at $23,179. The global market cap for crypto today topped $1 trillion, as it rose more than 2% in the past 24 hours to $1.12 trillion, according to CoinGecko.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, rose over 3% to $1,657. Meanwhile, the dogecoin price today traded almost one percent higher at $0.06, while Shiba Inu gained more than 2 to $0.000012.
The performance of other crypto prices today also improved as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tether, Polkadot, Tron, Avalanche, Apecoin, Uniswap, Polygon prices traded higher in the last 24 hours.
“Bitcoin has bounced off USD 23,000, indicating that bulls are still strong in the market. If buyers can take BTC to the USD 24,000 zone, we could see BTC rise above USD 25,000 by the end of the month. The second largest cryptocurrency , Ethereum, also traded above the $1,600 zone. But it seems that ETH has not yet gained enough momentum to continue its winning streak. So it is likely that ETH may trade sideways in the next few days,” said Edul Patel, CEO and co-founder of Mudrex.
Hackers targeted the Solana ecosystem early Wednesday with thousands of wallets affected in the latest hit to the cryptocurrency market after the Nomad bridge protocol was attacked earlier in the week.
Estimates of the damage vary. Just over $5.2 million in crypto assets have been stolen so far from more than 7,900 Solana wallets, according to blockchain investigative firm Elliptic. Security firm PeckShield said four Solana wallet addresses drained roughly $8 million from victims.
The cryptocurrency market failed to recover from Terra’s collapse in May, when insolvency threats loomed over major crypto lending companies, spreading fear among market participants. Cryptocurrencies, such as bitcoin, rose in price in 2020 and 2021, but have fallen sharply this year.
Despite choppy crypto markets, global digital asset funds logged net inflows totaling $474 million in July (through July 29), the highest so far this year, according to a report from digital asset manager CoinShares.
(With input from agencies)
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