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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-sees-high-volatility" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Sees High Volatility</a><br></p>
<p style="text-align: justify">On August 10, the cryptocurrency market experienced significant volatility, with Bitcoin (BTC) halting at the $60,000 mark. Major altcoins such as Ethereum (ETH), Solana (SOL), and <a href="https://en.bitcoinhaber.net/xrps-market-struggle-during-crypto-uptrend" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> also saw declines, mirroring the overall market trend. This tumult led to a 1.84% decrease in the total market capitalization of cryptocurrencies, bringing it down to $2.11 trillion. Simultaneously, the total trading volume in the cryptocurrency market dropped by 23.36%, registering $70.18 billion.</p>
<h2 id="bitcoin-s-performance-review">Bitcoin’s Performance Review</h2>
<p style="text-align: justify">Bitcoin’s value decreased by 1.46% in the past 24 hours, trading at $60,512. The intraday low and high were $59,587 and $61,464, respectively. Bitcoin’s market dominance slightly increased to 56.48%, up by 0.09%. Additionally, Open Interest in Bitcoin futures rose by 1.78%, reaching $28.18 billion. Spot Bitcoin ETFs saw an outflow of $89.73 million, indicating weakening price movements.</p>
<h2 id="altcoins-current-status">Altcoins’ Current Status</h2>
<p style="text-align: justify">Ethereum, the leading altcoin, fell by 3.27% over the past 24 hours, trading at $2,604. The intraday lowest and highest levels were $2,555 and $2,706, respectively. This decline was due to significant sales by major ETH <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> on Coinbase and Kraken exchanges. Solana lost 3%, trading at $154.20, with a low of $151.23 and a high of $159.57. The interest in spot Solana ETFs in the US underlines the need for regulatory relaxation. XRP dropped by 4.09%, trading at $0.5912, with intraday lows and highs of $0.569 and $0.6164, respectively.</p>
<h2 id="key-statistics-to-consider">Key Statistics to Consider</h2>
<p style="text-align: justify">– Bitcoin’s market dominance increased to 56.48%.<br> – Ethereum saw a significant drop due to sales by major investors.<br> – Solana’s value fell, highlighting the demand for regulatory easing.<br> – XRP and other memecoins registered considerable losses.</p>
<p style="text-align: justify">Memecoins also faced declines, with Dogecoin (DOGE) falling by 2.01% to $0.1038, and Shiba Inu (SHIB) dropping by 0.97% to $0.00001397. Other memecoins like PEPE, WIF, and BONK saw losses between 3% and 4%. On the flip side, top gainers included Helium (HNT), which surged by 15.15% to $6.79, Cronos (CRO) rising by 13.15% to $0.09441, Zcash (ZEC) increasing by 12.56% to $41.06, and Toncoin (TON) climbing by 8.51% to $6.70. Conversely, the top losers were Popcat (POPCAT) with a 9.27% drop, trading at $0.573, Brett (BRETT) with a 5.81% fall to $0.09837, and Render (RENDER) declining by 4.74% to $4.80.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-sees-high-volatility" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Sees High Volatility</a></h5>

Cryptocurrency Market Sees High Volatility

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