Crypto market remains volatile, Bitcoin trades above $23,300

Cryptocurrencies recorded a session full of market volatility and steep declines in prices of leing crypto tokens including BTC, ETH, and Dogecoin. However, almost all tokens are recovering from short-term decline and are expected to record some green candles by end of day. 

While talking to Republic about crypto market movement in last 24 hours, Parth Chaturvedi, Investments Le, CoinSwitch Ventures said, “ crypto market has tred sideways with downward pressure over weekend and last 24 hours. As per CoinGecko, global crypto market capitalisation is down 0.6 per cent from yesterday but continues to stay above $1.2 trillion.” 

“ crypto fear and greed index held stey at 54/100 throughout weekend. However, we entered week with a slight dip of 4 points which positioned index at a score of 50/100, within neutral zone,” Parth ded.

Crypto Fear and Greed Index | Image credit: Alternative.me

market, overall, seems to be heed toward price stability. BTC and ETH continue to tre within ir respective narrow ranges around $29,000 and $1,800. SHIB, which surged ahe of its upcoming layer-2 network launch, also observed some selling pressure in last 24 hours. 

In or news, Sam Bankman-Fried h been trying against revocation of his bail. However, it has been revoked, and SBF is back in jail before his trial in October. 

While Michael Sonnenshein, CEO, Grayscale stated, “If every crypto issue needs to go to a court of law, n as a country, we are squashing innovation taking place here.”

Prices listed were last checked at 9:30 am today according to Coinmarketcap.com

Bitcoin (BTC) 

After briefly crossing $30,000 mark on 9th August, Bitcoin continued to remain in a tight price bracket until yesterday when it broke down to $29,100.

Bitcoin | Image credit: Unsplash

However, Bitcoin took no time to recover above mark of $29,300 and currently tres at $29,376.33 with a 0.7 per cent decline in last 24 hours.

Ereum (ETH) 

ETH is currently recovering its yesterday’s decline to $1,834 levels and tring at $1,845.99 with a 0.15 decline in last 24 hours.

Ereum | Image credit: Unsplash

ETH market witnessed some high volatility yesterday with market volume increasing by over 64 per cent however it could not break through $1,860 mark. 

Dogecoin (DOGE)

Dogecoin is presently tring at $0.07472 with a 2.21 per cent decline in last 24 hours.

Dogecoin | Image credit: Unsplash

market cap of token also recorded a 2.2 per cent decline and market volume fell by over 1 per cent. 

Litecoin (LTC) 

Litecoin recorded a long red candle in 24-hour charts by losing more than $2, however, a small recovery is witnessed with LTC moving above $82.

Litecoin | Image credit: Unsplash

Currently, LTC is tring at $82.07 and 1.42 per cent decline while monthly return of token recorded a 19.04 per cent fall. 

Solana (SOL)

Solana is tring at $24.38 with a 1.85 per decline in last 24 hours, however, its weekly returns still range above 4.61 per cent.

Solana | Image credit: Unsplash

Solana also witnessed a higher market volume with an 8.08 per cent increase. 

Ripple (XRP) 

Out of most important crypto tokens, only XRP recorded a positive 24-hour return with a 0.23 per cent spike while market volume increased by over 42 per cent. Ripple is presently tring at $0.603. 

XRP | Image credit: Unsplash