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Cryptocurrency rate today: On Friday, August 5, the cryptocurrency market remained largely flat but remained green as major cryptocurrencies including Bitcoin, Ethereum, Solana and Dogecoin held a slight rally over the past 24 hours. Market sentiment has improved slightly over the past couple of days, which has helped gain the cryptocurrency market cap. Data showed that the global cryptocurrency market cap jumped 1.74 percent over the past day to reach $1.08 trillion at the time of writing. However, trading volume fell 3.71 percent to $63.86 billion in the past 24 hours.
Bitcoin traded slightly higher on the day and maintained the $23,000 mark as investor sentiment improved over the past two days. Data retrieved from CoinMarketCap showed that the price of bitcoin today at the time of writing is $23,162.79, up 1.11 percent over the past 24 hours.
“Bitcoin held its position around $23,000, earlier today. Bitcoin trading volumes remain low, but market sentiment has improved slightly over the past couple of days. On the daily time frame, Bitcoin’s trend continues to move within a trend,” said a spokesperson for the WazirX Trade Desk. descending channel.
“In recent weeks, bitcoin price has been on an uptrend making higher lows. The next major resistance level for bitcoin is expected at $32,300, and the next support is expected at $19,000,” the spokesperson added.
Meanwhile, Ethereum remained above the $1,600 mark on Friday as sentiment improved. Today’s Ether price has jumped 2.33 percent at the time of writing to $1,655.85, according to data from CoinMarketCap. On the other hand, Polkadot regained its spot in the top 10 hart list, beating Dogecoin, gaining more than 4 percent in the past 24 hours.
“Ethereum has been somewhat flat against Bitcoin over the past week, bouncing between the 0.070 and 0.072 levels. The ETH-BTC daily chart broke the triangle formation over the previous week and continues to retest the upper trendline. No bullish momentum identified yet Pattern breakout. The next major support for ETH-BTC is expected at 0.049 and the next resistance is expected at 0.078,” said WazirX Trade Desk spokesperson.
Here are the top 10 cryptocurrencies and their prices on August 5, 2022, Friday, (according to data from coinmarketcap.com)
Bitcoin $23,162.79 or 1.11% gain over the past 24 hours
Ethereum $1655.85 or 2.33 percent gain in the last 24 hours
Assess a loss of $1.00 or 0.01 percent in the last 24 hours
USD Coin 1.00 USD or 0.00% loss in the last 24 hours
BNB $320.13 or 6.59 percent gain in the last 24 hours
XRP $0.373 or 0.90 percent over the past 24 hours
Binance gains $1.00 or 0.01 percent over the past 24 hours
Cardano is $0.5092, or 1.74 percent, a gain in the last 24 hours
Solana $40.07 or 3.18 per cent gain in the last 24 hours
Polkadot $8.38 or 4.09 percent gain in the last 24 hours
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