Crypto Prices Regain Momentum, Bitcoin and Ethereum See Notable Gains, PEPE, DOGE, and SHIB Surge

The crypto prices today have regained momentum, showing signs of an extended rally. After a short period of decline, the majority of the coins in the market are now trading in green reigniting optimism among investors.

Crypto prices today have shown signs of an extended rally, with the majority of coins in the market trading in green and optimism reigniting among investors. Top cryptocurrencies like Bitcoin and Ethereum have seen notable gains in the last 24 hours, while the memecoin market, particularly coins like PEPE, DOGE, and SHIB, has surged impressively.

However, the general sentiment surrounding the market remains bearish, as evident in the crypto fear and greed index data pointing to 30, signifying “fear.” The total market cap has exhibited an uptrend of 3.02% now resting at $2.14 trillion. Below is an overview of the market and how coins have reacted within the last day.

Top Crypto Price Updates

The price of Bitcoin has rallied in the last 24 hours. According to data from CoinMarketCap, the largest cryptocurrency by market cap spiked by 3.78% to reach $61,063. The coin has shown high volatility over the last day, dropping as low as $58,500 before shooting to its current price.

However, its on-day trading volume took a different route, plummeting by 18.22% showing reduced investor and trading activities.

Additionally, Soso Value data as of August 13 shows that Bitcoin ETF continues to enjoy positive inflows. Per the data, BTC ETF saw a $38.94 million daily total net inflows.

Ethereum has followed in the global market rally. CoinMarketCap data shows that the Price of ETH, the second-largest crypto by market cap, traded at $2,744 representing a 4.7% increase. Ethereum has touched the bottoms and tops of $2,612.70 and $2,747.50 in the last day with an ETH ETF daily total net inflow of $24.34 million.

Other Altcoin Prices

The fifth-largest crypto Solana (SOL) has deflected from its previous days’ declines. At the time of writing, the price of SOL recorded an increase of 2.33% to at $147.58. Additionally, SOL saw a low and high of $144.10 and $149.55 respectively.

In the meantime, Binance Coin (BNB) jumped 1.435% to $529, maintaining a bottom and top range of $514.14 and $530.16 respectively. Toncoin (TON) has reignited its momentum and is on an uptrend. The price of Toncoin (TON) skyrocketed by 15% to $7.22 as of writing, having one-day lows and highs of $6.25 and $7.19.

For the memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB) showed uptrends over the last day. While DOGE increased by 2.16%, SHIB saw a 2.32% rally in value. As a result, DOGE and SHIB traded at $0.106 and $0.00001387 respectively.

Meanwhile, PEPE has added by 2.96% to trade at $0.000008274 at the time of writing. Large investors (whales) continue to amass substantial amounts of this coin in anticipation of a significant surge as noted in our previous report. PEPE has traded between the range of $0.000007951 and $0.000008341.

Top Trending Crypto Gainers Today

BlackCardCoin (BCCOIN) skyrocketed by 105.57% to reach $2.97

Paragon (PGN) surged 37.89% to $0.02744

Banana Gun (BANANA) gained 24.53% to $47.11

Notcoin (NOT) moved up by 16.64% to $0.01283

Kitten Haimer (KHAI) added 5.72% to $0.346

The global market has picked up momentum and has reached mid-week on a positive note. While the sentiment surrounding the market remains low, it will be interesting to see how it plays out and ends the week.