Crypto Prices Today August 31: BTC Maintains $59K, DOGS & AAVE Pump 7%-9%

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As a seasoned researcher with years of experience navigating the tumultuous seas of the crypto market, I find today’s price action rather intriguing. The resilience displayed by major cryptocurrencies, despite the ongoing outflows from US spot Bitcoin ETFs and recent turbulence, is a testament to the market’s inherent strength.

Today’s crypto prices have demonstrated a remarkable ability to bounce back, curbing any additional drop in value. Bitcoin (BTC) maintained its position at approximately $59K, while Ether (ETH) stood steady at around $2,500. Solana (SOL) and Ripple (XRP) showed signs of stabilization today. Additionally, the total market capitalization of cryptocurrencies increased by a slight 0.32% to reach an impressive $2.08 trillion.

Despite a 0.77% drop in total market value to $66.35 billion today, some notable cryptocurrencies like DOGS and AAVE experienced significant price increases, fueling investor curiosity. Let’s delve into the top digital currencies based on market capitalization and their performance on August 31.

Crypto Prices Today Show Resiliency

Today’s wider market seems to have halted any further decline, a trend that can be seen by examining the total global market value and major cryptocurrency prices. Interestingly, when the U.S. Personal Consumption Expenditures (PCE) inflation data for July was released lower than anticipated and remained steady at 2.5%, it seemed to spark a slow but growing optimism in the market.

Bitcoin Price Today

Today, Bitcoin’s price stood steady at approximately $59,223, marking a 0.5% increase in the past day. The lowest and highest points of its 24-hour range were $57,768.53 and $59,896.89 respectively.

Bitcoin’s upward progression is being hampered as US Bitcoin Spot ETFs consistently experience withdrawals. As of August 30th, these ETFs have recorded outflows totaling $175.67 million, marking four consecutive days of decreased investments. This trend coincides with Bitcoin’s recent volatile price fluctuations.

Bitcoin’s dominance today rested at 56.14%, a 0.03% decrease over the past day.

Ethereum Price Today

In the last 24 hours, the price of ETH increased by 0.2%, currently sitting at around $2,524. The lowest it dipped during the day was $2,432.83, while its highest point reached $2,539.92.

Interestingly, Exchange Traded Funds (ETFs) focusing on Ethereum (ETH) have not attracted any new investments up until August 30, according to Soso Value’s data. This lack of investment has fueled debates regarding potential price fluctuations for Ethereum in the near future.

Recently, it’s been shared that Ethereum co-creator Vitalik Buterin transferred 800 Ether, igniting further conversation among cryptocurrency enthusiasts worldwide.

Solana Price Today

Currently, the SOL price is showing a decrease of about 0.3% and is being traded at approximately $138.37. During the past 24 hours, its lowest and highest values were marked at $132.45 and $140.45 respectively.

SOL’s weekly chart illustrated a period of sideways trading, adding to speculations on future movements. Also, Solana’s market cap rested at $64.56 billion today.

XRP Price Today

At the moment of reporting, the price of XRP increased by 0.5% to reach $0.5651. The day’s lowest and highest points were $0.5482 and $0.568 respectively. On a weekly scale, XRP’s graph depicts a period of flat trading, indicating consolidation. Additionally, it’s significant to mention that large XRP holders (whales) have recently offloaded hundreds of millions of coins during market volatility.

Meme Coins Prices Today

As a researcher, I’m observing that my analysis shows a minor dip of 0.3% in Dogecoin‘s (DOGE) price over the last day, currently standing at $0.1014. On the other hand, Shiba Inu (SHIB) remains stable at $0.00001398, maintaining a narrow trading range on the hourly time frame chart.

Contrarily, PEPE and WIF experienced gains of 1% and 0.5%, respectively, today. Surprisingly, the price of Pepe Coin increased even with reports of significant PEPE token dumping by large wallets (whales) according to CoinGape.

Top Crypto Gainer Prices Today

DOGS

The price of the DOGS token, which operates on the TON blockchain, experienced a significant 9% increase, reaching a trading value of approximately $0.001366. During the day, its lowest and highest points were $0.001225 and $0.00137 respectively.

AAVE

Today, the value of AAVE increased by almost 7%, reaching a price point of $130.67. Over the past 24 hours, its lowest and highest values were recorded at $118.82 and $132.22, respectively.

GALA

In the last day, the value of GALA increased by 6%. Currently, it’s trading at approximately $0.01998. During the trading period, its highest and lowest points were $0.02027 and $0.01881 respectively.

Top Crypto Loser Prices Today

POPCAT

In the last 24 hours, the value of POPCAT on Solana decreased by 5%, landing at a price point of $0.5877. Its lowest and highest prices during this period were $0.5622 and $0.6352 respectively.

Cardano (ADA)

Yesterday, I observed a 2% drop in the value of my ADA holdings, with the price settling at around $0.3481. Throughout the day, the lowest it dipped was $0.3388, while the highest point it reached was $0.3591.

Notcoin (NOT)

Ton-based NOT’s price also waned 2% in the past 24 hours to reach $0.008336. The token’s intraday lows and highs were $0.007827 and $0.008576, respectively.

Additionally, the one-hour price graphs highlighted increased robustness in the cryptocurrency market today. Specifically, Bitcoin rose by 0.14%, Ethereum saw a 0.02% increase, and Dogecoin experienced a surge of 0.3%.

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2024-08-31 07:52