Top cryptocurrency prices today: Bitcoin, Ethereum, Uniswap gain up to 6%
New Delhi: Major cryptocurrencies were trading mixed on Friday after the big Etherum update. Six of the top 10 digital tokens were trading higher at 9.30 hours IST, thanks to gains in Bitcoin, Ethereum and Uniswap.
The global crypto market cap declined to $1.65 trillion, about 2 per cent higher compared to the last day. However, the total crypto market volume jumped 22 per cent to $100.09 billion.
After flirting with the $40,000 mark this week, Bitcoin is showing strong resistance at that threshold. The coin appears primed to near an inflection point soon.
Top cryptocurrency prices today: Bitcoin, Ethereum, Uniswap gain up to 6%
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After flirting with the $40,000 mark this week, Bitcoin is showing strong resistance at that threshold. The coin appears primed to near an inflection point soon.
Synopsis
The global crypto market cap declined to $1.65 trillion, about 2 per cent higher compared to the last day. However, the total crypto market volume jumped 22 per cent to $100.09 billion.
By Pawan Nahar, ETMarkets.com
Aug 06, 2021, 11:24 AM IST
New Delhi: Major cryptocurrencies were trading mixed on Friday after the big Etherum update. Six of the top 10 digital tokens were trading higher at 9.30 hours IST, thanks to gains in Bitcoin, Ethereum and Uniswap.
The global crypto market cap declined to $1.65 trillion, about 2 per cent higher compared to the last day. However, the total crypto market volume jumped 22 per cent to $100.09 billion.
After flirting with the $40,000 mark this week, Bitcoin is showing strong resistance at that threshold. The coin appears primed to near an inflection point soon.
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The second-largest blockchain network, Ethereum, went through the much awaited 'London Hard Fork' software upgrade on Thursday, which is expected to stabilize transaction fees and reduce supply of the Ether token. The digital token reversed its losses.
It was a fantastic session for bluechips in cryptocurrencies. Bitcoin surpassed $40,000, Ethereum hovered around $2,800, said Edul Patel, CEO and co-founder of Mudrex.
"Ethereum's traded volume surpassed Bitcoin across most exchanges. After such a fantastic rally, we might see some consolidation in the markets over the weekend," he added.
Dan Finlay, co-founder and developer on MetaMask by ConsenSys, said from the protocol level to the user-facing wallet, there are a number of changes that can benefit users and developers on Ethereum.
CryptoPrice% change1Bitcoin$40,230.77
2.01
2.01
2Ethereum$2,761.37
1.79
1.79
3Binance Coin$333.47
−0.28
−0.28
4Tether$1.00
0.02
0.02
5Cardano$1.37
0.72
0.72
6Dogecoin$0.20
−0.30
−0.30
7XRP$0.72
0.18
0.18
8Polkadot$18.63
−3.00
−3.00
9USD Coin$0.99
−0.03
−0.03
10Uniswap$24.94
6.26
6.26
