Crypto Market Bloodbath Continues as Bitcoin (BTC) and Ethereum (ETH) See Declines

The crypto prices in the market today look to be ending the week in a negative mood. Data from the crypto heat map demonstrates a “bloodbath” with the majority

Crypto prices today appear to be experiencing a downturn as the week comes to an end. Data from the crypto heat map shows a majority of the coins trading in the red zone, indicating a “bloodbath.”

Top cryptocurrencies have seen declines ranging from 1% to 3% in the last 24 hours. Consequently, the total crypto market cap has dropped by 0.40 to $2.09 trillion within the time.

Notably, the emotions of investors continue to hover in ‘fear’ as per the crypto fear and greed index data presented by Alternative. With this latest decline, market participants are wondering when the next crypto market rally will happen. Below is a summary of how the top cryptocurrencies have reacted over the last day.

Top Crypto Prices Today

The price of Bitcoin, the largest cryptocurrency by market cap, has experienced high volatility over the last day. After peaking at over $61,150, the asset plummeted to $59,435 representing a 0.11% decline at the time of writing. Moreover, its one-day trading volume dropped by 5.68% indicating reduced activities surrounding the coin. Also, Bitcoin exchange-traded funds (ETFs) saw -$71.73 million in total daily net flows as of August 29 according to data from Soso Value.

Ethereum has also seen marginal losses in the last 24 hours. According to CoinMarketCap data, the price of ETH dipped by 0.86% over the last day to rest at $2,521. As ETH investors eye a potential rally, the second-largest digital asset struggles to reach and break the $3,000 mark. Additionally, ETH has consolidated between $2,503.99 and $2,593.98 in the last 24 hours, recording a -$1.77 million ETF flows as of August 29.

Other Altcoin Prices

Solana saw the most loss among the top cryptos as it dropped 3.50% at the time of writing to trade at $139.75. Moreover, the price of Solana touched the bottoms and tops of $137.80 and $147.12 respectively.

The Ripple-backed XRP continues to trade below the $0.6 mark. CMC data shows that the price of XRP slipped by 1.66% to trade at $0.5638. Its 24-hour bottoms and tops were recorded at $0.5576 and $0.577.

Binance Coin (BNB) fell by 1.18% to trade at $535.93 and maintained a 24-hour range of $528.84 and $546.90 respectively. TRX spiked by 1.39% to change hands at $0.1616 with 24-hour lows and highs of $0.1589 and $0.1616 respectively. Meanwhile, Toncoin (TON) declined by 3.10% to touch $5.42.

Polygon (MATIC) recorded a notable loss in the last 24 hours. As per CoinMarketCap data, the price of MATIC plummeted by 1.36% in the last 24 hours to trade at $0.4275 with a 24-hour trading volume of $270.8 million. It bears to note that the upcoming MATIC to POL migration will happen on September 4. The migration which will replace the MATIC coin with POL is a major part of the Polygon 2.0 roadmap introduced in 2023.

Meanwhile, the memecoin market has shown varied movements in the last 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins have both increased and decreased within this time. While DOGE spiked by 0.51%, SHIB dipped by 0.23%. Consequently, DOGE and SHIB traded at $0.1013 and $0.0000141 respectively.

Top Trending Crypto Gainers Today

Radiant (RDNT) skyrocketed by 15.42% to reach $0.0757

Sun (SUN) gained 14.55% to $0.03592

Measurable Data (MDT) surged 11.22% to $0.04738

ConstitutionDAO (PEOPLE) moved up by 10.65% to $0.07450

Stormx (STMX) added 9.34% to $0.005821