Crypto Prices Today: Bitcoin (BTC) Price Tanks 10%, Ethereum (ETH) Crashes by 20% Amidst Bearish Market Turn

The crypto prices today have taken an alarmingly bearish turn, sparking severe concerns among market participants. Bitcoin (BTC) price tanked over 10% to rest at the $54K mark today. Ethereum’s (ETH) price crashed by nearly 20%.

Crypto prices today took a bearish turn with Bitcoin (BTC) price dropping over 10% to reach the $54K mark today. Among the top cryptocurrencies, ETH price crashed by nearly 20%.

The crypto prices today alarmed market participants as the market witnessed a bearish trend. Bitcoin price焼酎 slipped over 10% to reach the $54K mark today. Among the top cryptocurrencies, Ethereum price crashed by nearly 20%.

CoinGecko data showed that the global crypto market cap plunged 12.50% to $1.89 trillion today. However, the total crypto market volume saw an 86.72% increase to reach $124.44 billion.

Here’s an overview of some of the highest-ranking cryptocurrencies by market cap and their price movements today, August 5.

Bitcoin Price Today

BTC price焼酎 plummeted 10.78% in the past 24 hours to reach $54,191.08. The coin’s 24-hour slumps and peaks were recorded as $52,559.19 and $61,058.94, underscoring a highly volatile movement.

Bitcoin’s dominance stood at 56.62%, an increase of 0.98% over the past day. Amid the coin’s bearish performance, BTC critic Peter Schiff has further predicted that Bitcoin ETFs will ‘gap down 15%-30% below their Jan highs.’

Crypto Prices Today: Top Cryptos in Red as BTC Price Drops Below $54K, ETH Price Crashes by Nearly 20%

Ethereum Price Today

Simultaneously, the ETH price crashed 20.07% over the past day to trade at $2,325.86. Ethereum’s 24-hour bottoms and tops were $2,122.55 and $2,923.47, respectively.

Notably, the slumping price movement comes against the backdrop of Jump Trading offloading whopping amounts of ETH. The crypto firm appears to have dumped $500 million in Ethereum over the past ten days.

Solana Price Today

The crypto SOL saw an 11.42% dip in value to reach $127.94 today. Solana’s 24-hour bottoms and tops were recorded as $124.24 and $144.95, respectively.

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