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Major cryptocurrencies are plummeting again in early August. Bitcoin has plunged, whereas, Ethereum has continued to retain its US$1.5k resistance. The probable launch of the Ethereum Merge in September is one of the major triggers for investors to continue to hold the ETH token. Nevertheless, major crypto companies continue to suffer financial crises, filing for bankruptcy or being forced to look for emerging cash infusions. Even though certain digital assets have retained their path to recovery, the crypto market is still in an unstable position. Today, Analytics Insight enlists the top cryptocurrency prices for August 2, 2022.
Bitcoin: US$22,887.74 (down by 0.01%)
Ethereum: US$1,580.84 (down by 0.16%)
Tether: US$1.00 (up by 0.00%)
USD Coin: US$1 (up by 0.01%)
BNB: US$276.90 (up by 0.04%)
Binance USD: US$1.00 (up by 0.06%)
XRP: US$0.3726 (up by 0.40%)
Cardano: US$0.4937 (down by 0.02%)
Solana: US$40.35 (up by 0.06%)
Dogecoin: US$0.06618 (down by 0.08%)
According to coinmarketcap, the global crypto market cap is standing at US$1.05T, indicating a decrease of over 4.01% over the last day.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
