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Cryptocurrency Prices on August 7, 2024: Bitcoin and Major Altcoins Stage a Recovery

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Cryptocurrency Prices on August 7, 2024: Bitcoin and Major Altcoins Stage a Recovery


Langgam Pos
  - On Wednesday, August 7, 2024, the prices of Bitcoin and other top cryptocurrencies exhibited a uniform movement, with most of the leading digital assets regaining their footing in the green zone.

According to data from CoinMarketCap, Bitcoin (BTC), the largest cryptocurrency by market capitalization, has made a notable recovery. Bitcoin surged by 3.92% over the past 24 hours, though it remains down by 14.20% over the past week. Currently, Bitcoin is priced at $56,809 or approximately IDR 918.8 million (assuming an exchange rate of IDR 16,175 per USD).

Ethereum (ETH) also saw an uptick. ETH increased by 2.83% in the last 24 hours but is still down by 14.27% for the week. As of now, Ethereum is trading at IDR 40.5 million per coin.

Binance Coin (BNB) has also recovered. In the past 24 hours, BNB rose by 5.51%, although it remains down by 15.00% over the week. Consequently, BNB is priced at IDR 7.94 million per coin.

Cardano (ADA) is back in the green zone, with a 6.34% gain in the last 24 hours, though it is still down by 16.29% over the week. ADA is currently valued at IDR 5,424 per coin.

Solana (SOL) has shown significant growth, up by 13.24% in one day, though it is down by 16.63% for the week. Solana is now priced at IDR 2.41 million per coin.

XRP remains in the green, with a 4.25% increase over the past 24 hours, but is still down by 17.89% over the week. XRP is currently trading at IDR 8,311 per coin.

Meme coin Dogecoin (DOGE) has also seen some recovery. DOGE rose by 3.17% in the last day, but it is still down by 21.93% for the week. DOGE is being traded at IDR 1,588 per token.

Stablecoins Tether (USDT) and USD Coin (USDC) both saw a slight increase of 0.01% today, maintaining their value at USD 1.00.

Binance USD (BUSD) also gained 0.01% in the last 24 hours, keeping its price steady at USD 1.00.

Overall, the cryptocurrency market capitalization today stands at USD 1.99 trillion, or approximately IDR 32.186 trillion, marking a 3.95% increase over the past day.


Disclaimer


Investment decisions are the responsibility of the reader. Please conduct thorough research and analysis before buying or selling cryptocurrencies. Langampos.com is not liable for any gains or losses resulting from investment decisions.



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