Cryptocurrency Prices Today: Bitcoin, Dogecoin Fall While Ether, Solana Gain. Check the latest prices

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, rose almost one percent to $1,894. Meanwhile, the dogecoin price today traded more than one percent lower at $0.07, while Shiba Inu also fell marginally to $0.000012.

Other crypto price performance today also fell as XRP, BNB, Litecoin, Chainlink, Tether, Polkadot, Tron, Avalanche, Stellar, Apecoin, Uniswap, Polygon prices traded with cuts in the last 24 hours, but Solana rose more than a percent to $43.

Trading of cryptocurrency derivatives on centralized exchanges rose to $3.12 trillion in July, a 13% month-on-month increase, researcher CryptoCompare said Thursday, as crypto prices show signs of recovery from the recent market crash.

The derivatives market now accounts for 69% of total crypto volume, up from 66% in June, and helped push total crypto volumes on exchanges to $4.51 trillion in July, CryptoCompare said.

BinanceUSD — a stablecoin issued by crypto exchange Binance — gained more prominence in July, CryptoCompare said, with spot volumes for bitcoin-to-BinanceUSD trades surpassing bitcoin-to-dollar for the first time.

BlackRock Inc, the world’s largest asset manager, has launched a spot bitcoin private trust for institutional clients in the US, according to a blog post on its website. The trust will track the performance of bitcoin, offering direct exposure to the price of the digital currency, BlackRock said.

The crypto market plunged in May and June as concerns about high inflation and interest rate hikes by the Federal Reserve prompted investors to shed risky assets. After the collapse of a major pair of tokens, some cryptocurrency lenders froze customer withdrawals, and several crypto firms have cut jobs. Prices have partially recovered, with bitcoin up 17% in July. Ether has risen to around $1,900 from the June low of $880.

(With input from agencies)

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