As an analyst with over two decades of market experience under my belt, I can say that today’s crypto market movements have certainly raised eyebrows across the globe. With Bitcoin dipping to $57K and Ethereum following suit, it feels like we are retracing some familiar steps from earlier this year.
Worldwide investors are once more expressing significant worries due to fluctuations in cryptocurrency prices today. Bitcoin (BTC) dropped to approximately $57,000, while Ethereum (ETH), Solana (SOL), and XRP primarily traded with negative values. The total market value of cryptocurrencies globally decreased by 1.74% to reach a valuation of $2.02 trillion today. Conversely, the total volume of crypto transactions saw an increase of 68.49%, amounting to $55.39 billion.
On this day, September 2, let me share with you a quick rundown of some prominent digital currencies, ranked by their market capitalization, along with their current performance:
Crypto Prices Today (September 2)
Bitcoin Price Today
Today, the graph of Bitcoin’s price demonstrates a nearly 2% drop, currently sitting at approximately $57,534. Over the past 24 hours, Bitcoin’s minimum and maximum values were recorded as $57,136.03 and $58,762.49 respectively.
The decrease in the value of the cryptocurrency mainly coincides with a weekly outflow of $277.12 million from Bitcoin ETFs as of August 30. Additionally, while there has been increased accumulation by large Bitcoin holders, the coin has not yet started to increase in value.
Yesterday’s rise saw Bitcoin’s influence climb to 56.34%, marking a 0.07% gain. Today, its market value reached an impressive $1.14 trillion.
Ethereum Price Today
Currently, the price of ETH is trending downward, dropping approximately 2% to $2,447 at this moment. The lowest and highest points Ethereum reached today were $2,401.89 and $2,512.91, respectively.
This week up to August 30th, there were $12.60 million worth of withdrawals from Ethereum ETFs according to Soso Value data. Currently, Ethereum’s market capitalization is approximately $294.11 billion, which has raised some apprehensions among the investment community.
Solana Price Today
As a crypto investor, I’ve observed that the value of Solana (SOL) dipped by nearly 3%, now trading at around $130. Today, Solana reached intraday lows of $128.24 and intraday highs of $136.00.
XRP Price Today
As a crypto investor, I’ve noticed that the price of XRP hovered around $0.5493 today, representing a nearly 2% drop in the last 24 hours. The coin’s lowest point in this period was $0.5448, while its highest was $0.5618.
Also, XRP’s market cap rested at $30.9 billion today.
Meme Coins Prices Today
Today, the price of Dogecoin (DOGE) dipped approximately 5%, dropping to $0.09522. At the same time, Shiba Inu (SHIB) declined by more than 3%, trading at $0.00001325. Additionally, the prices of PEPE, WIF, and BONK also decreased by 3% to 6% today.
Top Crypto Gainers Prices Today
Helium (HNT)
In the last day, Helium Network Token (HNT) experienced a 5% increase in value and is now being traded at approximately $7.35. The lowest it reached today was $6.88, while its highest point was $7.45.
Starknet (STRK)
STRK’s price saw a boost of almost 3% in the last 24 hours, currently trading at around $0.3621. During this 42-hour period, its lowest and highest prices were $0.3492 and $0.374 respectively.
Monero (XMR)
Yesterday, the Monero price surged by approximately 3%, now standing at around $170.19. The day’s lowest and highest prices for XMR were recorded at $163.99 and $171.77 respectively.
Top Crypto Losers Prices Today
DOGS
On the TON blockchain, the DOGS token experienced a 13% drop in value today, reaching $0.001093. Its lowest point during the past 24 hours was $0.001066, while its highest was $0.001276.
BEAM
In just the last day, BEAM’s price dropped by about 7.82%, settling at $0.01305. The lowest it reached during the trading period was $0.01295, while its highest point was $0.01417.
BRETT
In the last 24 hours, BRETT’s price surged by 7%, now standing at $0.07288. Its lowest and highest points within this period were $0.07195 and $0.07906 respectively.
In my experience as a crypto investor, the hourly charts have fueled some apprehension regarding the cryptocurrency market today. Specifically, Bitcoin dipped 0.04%, and Ethereum took a more substantial hit with a 0.26% decrease in the same time frame.
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2024-09-02 07:56