Cryptocurrency Prices Today, Aug 12: Bitcoin Price Today Dips Below $120K, Ethereum Surges, Altcoins Retreat

Crypto tokens are trading lower this morning after a sharp rally seen yesterday across major cryptocurrencies. Bitcoin price today fell below the $120,000 mark again, dropping 2.6% in the last 24 hours. Other tokens like Solana and Dogecoin also faced steep declines of around 5% and 6%, respectively. On the other hand, Ethereum has been gaining relentlessly, with its price surging about 44% over the past 30 days and currently near a record high. Here is the latest crypto market update featuring price movements for top cryptocurrencies, based on data from CoinDesk.

Bitcoin Price Today

Bitcoin price today stands at $119,082.35, experiencing a slight decline of 2.14% in the last 24 hours. Despite the dip, bitcoin remains the largest cryptocurrency by market capitalisation, currently valued at $2.37 trillion.
The Bitcoin price in India today stands at Rs. 98,587,000.

Ethereum Price Today

The Ethereum price today is $4,300.94, with a minor drop of 0.15%. Ethereum holds a market capitalisation of $517.30 billion, making it the second-largest crypto asset.

Ethereum surged past $4,000, hitting $4,350, its highest price since the 2021 bull run, partly driven by strong inflows into spot Ether ETFs. The Ethereum price in India today stands at Rs. 3,560,000.

XRP Price Today and Trading Volume

XRP price today is recorded at $3.15, down by 3.19%. XRP's market capitalisation is $186.57 billion, with a robust 24-hour trading volume of $6.36 billion.
The XRP price in India today stands at Rs. 26,080.

Stablecoins: USDT and USDC Price Update

Tether (USDT) price today remains steady at $1.00, with a market cap of $164.63 billion and daily trading volume of $845.43 million. USD Coin (USDC) trades near $0.9999, with a market capitalisation of $65.57 billion and a daily volume of $4.04 billion.

Both Tether & USD Coin prices in India today remain stable at Rs. 83.

Binance Coin (BNB) Price Today

Binance Coin price today is $812.12, slipping 1.09%. BNB's market cap is $112.85 billion with a 24-hour trading volume of $1.23 billion.
The Binance Coin price in India today stands at Rs. 672,000.

Solana (SOL) and Dogecoin (DOGE) Price Today

The Solana price today is $176.06, down 4.84%, with a market cap of $94.75 billion and a trading volume of $4.80 billion. Dogecoin price today is $0.2252, falling 5.75%, but it still maintains a trading volume of $2.08 billion. Both tokens retain strong communities and active usage in the crypto space.

The Solana price in India today stands at Rs. 14,570, while the Dogecoin price in India today stands at Rs. 18.60.

Crypto Market Expert Analysis

"Yet again, bears dragged the Bitcoin price below $120,000 in the times when the token was about to mark a new ATH. However, the altcoins continue to show strength, with the Ethereum price trading above $4,300, XRP above $3.10, and Solana above $175. Meanwhile, Litecoin is struggling to hold $120, but Dogecoin stands strong above $0.22. The top gainers include Pump.fun, Lido DAO, & Bitcoin Cash, which surged over 9.4%, 4.29%, & 3.38%. Besides, FARTCOIN leads the top losers with nearly a 20% drop, followed by Bonk with12.24% and Story & Pudgy Penguins by over 11% each."

"Ethereum options open interest has hit $13.75 billion, which is its highest level this year, nearing the ATH of $14.6 billion. Besides, BlackRock bought another 12,065,478,744 ETH, indicating a significant amount of liquidity entering the ecosystem. On the other hand, the on-chain data suggests addresses holding over 10,000 ETH, reaching 868,868, which is the highest level in a year. Meanwhile, Nasdaq-listed Fundamental Global bought 47,331 ETH worth $196 million, suggesting the Ethereum price is gearing up to outperform all the major tokens in the market in the upcoming bull run." By the CoinDCX research team

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