The crypto tokens were trading mixed in Friday’s trade. Bitcoin, Ethereum, BNB, and Litecoin were trading with cuts, while XRP, Shiba Inu, Tron and Solana were trading with gains.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.17 trillion, falling 0.25% in the last 24 hours.

“Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%,” said, CoinDCX Research Team.

BTC volume stood at approximately $11.57 billion, falling 27.1% in the last 24 hours.

The market cap of Bitcoin, the world’s largest cryptocurrency, was around $571 billion. Bitcoin’s dominance is currently 48.76%, a decrease of 0.08% over the day, according to CoinMarketCap.”Bitcoin is hovering around $29,390 and has experienced a 0.5% drop in the last 24 hours due to reduced liquidity in the crypto market. This decline led to the introduction of crypto derivatives. Factors include the registration of Bitcoin ETFs and the SEC’s role in influencing market dynamics,” Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.

Rajagopal Menon, Vice President at WazirX, said, “Major market oscillators point toward a Buy sentiment. The Relative Strength Index (14), one of the key indicators, sits at 48, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 54 and 14, respectively, further indicating a Neutral market.””The MACD Level (12, 26) at -84 indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 59 with a Neutral indicator, while the Williams Percent Range (14) at −51 signals Neutral.” Menon added.

Crypto Cart: Quick Glance (Source:, data as of 13.03 hours, IST on August 11, 2023)

Bitcoin $29,392 -0.50%
Ethereum $1,847 -0.26%
Tether $0.9985 -0.06%
BNB $240 -0.69%
XRP $0.6329 0.65%
Cardano $0.2964 -0.47%
Dogecoin $0.07563 -0.08%
Solana $24.52 0.80%
Polygon $0.6857 -0.04%
Litecoin $83.07 -1.01%
Polkadot $5 -0.45%
Tron $0.07715 0.47%
Shiba Inu $0.00001008 2.94%

(Note: Price change in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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