FOMC

Solana

Mirror

Mog Coin

Reserve

<p>The crypto prices today have embarked upon a concerning bearish trajectory following the recent U.S. FOMC meeting wherein the Federal Reserve kept interest rates unchanged at 5.25%-5.50%. Bitcoin (BTC) price slipped to a $63K low over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP mimicked a downside price action.</p> 
<p>Moreover, the global crypto market cap plunged 3.42% to $2.3 trillion today. However, the total crypto market volume over the past day witnessed an 18.85% increase to $74.68 billion.</p> 
<p>Below is a collection of some of the highest-ranking cryptocurrencies by market cap and their price movements today, August 1.</p> 
<h2 id="crypto-prices-today">Crypto Prices Today</h2> 
<h3 id="bitcoin-price">Bitcoin Price</h3> 
<p><a href="https://coingape.com/markets/btc-price-analysis-selling-pressure-resumes-post-fed-rate-decision/" target="_blank" rel="noopener">Bitcoin</a> price appears to have encountered significant selling pressure with the July 31 FOMC meet conclusion. At press time, BTC rested at $63,977.60, a dip of 3.20% over the past day. Its 24-hour lows and highs were $63,746.01 and $66,810.21, respectively.</p> 
<p>Despite massive <a href="https://coingape.com/bitcoin-news-whale-bags-btc-worth-388m-ahead-us-fed-rate-decision/" target="_blank" rel="noopener">BTC accumulations</a> recorded recently, the crypto’s bearish turn post-FOMC has ignited investor concerns. Nonetheless, with September rate cut expectations rising, long-term prospects remain optimistic.</p> 
<p>Besides, Bitcoin’s dominance saw a 0.10% fall to 54.79% today. Moreover, <a href="https://coingape.com/bitcoin-liquidation-surge-to-56-million-soon-after-fed-meeting-whats-happening/" target="_blank" rel="noopener">BTC liquidations</a> soared to $56 million today, sparking additional discussions post-FOMC.</p> 
<figure id="attachment_210417" aria-describedby="caption-attachment-210417" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-210417" src="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM.png" alt="BTC Price August 1" width="615" height="358" srcset="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM.png 1446w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM-300x175.png 300w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM-1224x713.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM-768x447.png 768w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.06.17 AM-150x87.png 150w" sizes="(max-width: 615px) 100vw, 615px">
 <figcaption id="caption-attachment-210417" class="wp-caption-text">
  Source: CoinMarketCap
 </figcaption>
</figure> 
<h3 id="ethereum-price">Ethereum Price</h3> 
<p>The ETH price tumbled 3.47% in the past 24 hours to reach $3,180.86. Its 24-hour bottoms and peaks were recorded to be $3,173.48 and $3,347.64, respectively.</p> 
<p>Ethereum’s price fall comes in alignment with the broader market sentiment and the Fed’s dovish stance. Also, despite the <a href="https://coingape.com/markets/will-eth-etf-inflow-revival-spark-ethereum-price-bull-run-in-august/" target="_blank" rel="noopener">ETH ETFs</a> noting inflows, a bolstered movement is yet to be seen.</p> 
<p><img decoding="async" class="aligncenter wp-image-210418" src="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM.png" alt="ETH Price August 1" width="619" height="354" srcset="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM.png 1454w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM-300x172.png 300w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM-1224x700.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM-768x439.png 768w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.12.36 AM-150x86.png 150w" sizes="(max-width: 619px) 100vw, 619px"></p> 
<h3 id="solana-price">Solana Price</h3> 
<p>The SOL price witnessed a 6.99% dip in value today, reaching $167.45. Its 24-hour lows and peaks were recorded as $168.75 and $184.18, respectively.</p> 
<p>Intriguingly, a potential Solana ETF looming over the horizon has sent the crypto town abuzz.</p> 
<p><img decoding="async" class="aligncenter wp-image-210419" src="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM.png" alt="Crypto SOL Price August 1" width="616" height="367" srcset="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM.png 1442w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM-300x179.png 300w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM-1224x730.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM-768x458.png 768w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.58.38 AM-150x89.png 150w" sizes="(max-width: 616px) 100vw, 616px"></p> 
<h3 id="xrp-price">XRP price</h3> 
<p>Meanwhile, the XRP price slipped back to the $0.61 level today, down 6.40% in the past 24 hours. The coin’s 24-hour bottoms and highs were recorded as $0.6096 and $0.6556, respectively.</p> 
<p><img decoding="async" class="aligncenter wp-image-210420" src="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM.png" alt="Crypto XRP price August 1" width="614" height="360" srcset="https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM.png 1426w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM-300x176.png 300w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM-1224x718.png 1224w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM-768x450.png 768w, https://coingape.com/wp-content/uploads/2024/08/Screenshot-2024-08-01-at-9.59.26 AM-150x88.png 150w" sizes="(max-width: 614px) 100vw, 614px"></p> 
<h3 id="doge-and-shib-prices">DOGE and SHIB Prices</h3> 
<p>Simultaneously, the <a href="https://coingape.com/top-dog-themed-memecoins/" target="_blank" rel="noopener">dog-themed meme coins</a> mirrored a waning momentum. Dogecoin price slipped 3.33% over the past day to reach $0.1212 as of writing. Shiba Inu’s price fell 2.45% to $0.00001594 in the interim.</p> 
<p>Also, PEPE, WIF, BONK, and FLOKI were down 3%-10%.</p> 
<p><strong>Also Read: <a href="https://coingape.com/bitcoin-reserve-bill-published-by-senator-cynthia-lummis/" target="_blank" rel="noopener">Bitcoin Reserve Bill Published By Senator Cynthia Lummis</a></strong></p> 
<h2 id="crypto-gainers-today">Crypto Gainers Today</h2> 
<p><strong>Beam (BEAM)</strong> price surged 6.31% to $0.01878.<br> <strong>Kaspa (KAS)</strong> price ralied 2.11% to $0.2023.<br> <strong>Notcoin (NOT)</strong> price soared 1.70% to $0.01308.<br> <strong>eCash (XEC)</strong> price jumped 1.35% to $0.00003896.</p> 
<h2 id="crypto-losers-today">Crypto Losers Today</h2> 
<p><strong>Popcat (POPCAT)</strong> price dipped 12.66% to $0.6471.<br> <strong>Mog Coin (MOG)</strong> price fell 11.04% to $0.051799.<br> <strong>dogwifhat (WIF)</strong> price tanked 9.48% to $2.10.<br> <strong>THORChain (RUNE)</strong> price cracked 7.71% to $4.20.</p> 
<p>Besides, upon gauging in on the hourly time frame charts, it can be seen that a bearish movement engulfs BTC and altcoins. Nonetheless, market enthusiasts continue to look extensively at the crypto prices today for future shifts.</p> 
<p>Notably, amid <a href="https://coingape.com/altcoin-whales-prepare-for-rally-after-september-fed-rate-cut/" target="_blank" rel="noopener">altcoins</a>‘ bearish market performance, whales have further bought the dip, bagging heavily in preparation of future gains. Also, some altcoins continue to reflect investor risk, primarily attributable to looming <a href="https://coingape.com/altcoins-to-dodge-trading-as-over-580m-worth-token-unlocks-loom/" target="_blank" rel="noopener">token unlocks</a>.</p> 
<p><strong>Also Read: <a href="https://coingape.com/ex-paypal-exec-david-marcus-pledges-support-to-donald-trump/" target="_blank" rel="noopener">Ex-PayPal Exec David Marcus Pledges Support To Donald Trump</a></strong></p> 
<p>The post <a href="https://coingape.com/crypto-prices-today-august-1-btc-slips-to-63k-post-fomc-altcoins-mirror-downtrend/">Crypto Prices Today August 1: BTC Slips To $63K Post FOMC, Altcoins Mirror Downtrend</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Crypto Prices Today August 1: BTC Slips To $63K Post FOMC, Altcoins Mirror Downtrend

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