Crypto Market – Aug 4, 2022

Today’s worldwide cryptocurrency market valuation is $1.11 trillion, a decrease of 1.58 percent in the previous 24 hours and a decrease of 34.54 percent over the last year. Currently, Bitcoin (BTC) has a market capitalization of $437 billion, a 39.41% share of the whole cryptocurrency market. At $153 billion, Stablecoins have a 13.79 percent stake in the overall cryptocurrency market capital.

A multimillion-dollar breach of Solana (SOL) wallets didn’t affect BTC pricing, despite some uncertainty in the sector. Price declines of 3 percent on Wednesday suggest that the exploit’s negative impact has been limited to only SOL.

24 hours ago, Bitcoin (BTC) was trading at between $22,729 and $23,650 per unit. BTC is now trading at $22,804 at 9:00 a.m. UTC, down 2.13 percent from yesterday’s close.

The majority of the most valuable cryptocurrencies are trading in a range of values. With PERP (43%), OP (22%), and AUCTION (17%) leading the way, the market is booming.

The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index both increased by 1.4 percent and 2.6 percent, respectively, while the S&P 500 surged by 1.6 percent. A rise in the July services PMI and a good earnings report from vaccine maker Moderna have both driven traditional markets higher. Traditional markets are now higher.

Avalanche (AVAX) and Polkadot (DOT), two alternative cryptocurrencies, both saw their prices rise by 4% and 3%, respectively.

• Ethereum $1,611.98
• Solana $38.78
• Polkadot $8.11
• Avalanche $23.30
• Polygon $0.89
• Optimism $1.87
• Perpetual Protocol $2.96