The cryptocurrency market experienced a mixed performance today, with Bitcoin (BTC) and AI-related coins showing weakness as investors await the U.S. Personal Consumption Expenditures (PCE) data. Meanwhile, tokens from the TON ecosystem saw notable gains.
Bitcoin and Market Movements
Bitcoin held steady at $59,171, marking a nearly 1% decline over the past 24 hours. The token’s trading range saw intraday lows at $57,890.68 and highs at $60,236.45. BTC’s market dominance decreased slightly to 56.01%, reflecting a 0.25% drop. The decline coincided with $105.19 million in outflows from Bitcoin spot ETFs as of August 28, with Ark & 21 Shares (ARKB) accounting for $59.27 million of these outflows.
Bitcoin miner Vortex Brands recently acquired MicroStrategy (MSTR) stocks, sparking increased market discussion.
Ethereum and Solana Prices
Ethereum (ETH) experienced a 2% gain, trading at $2,523. Its price fluctuated between $2,431.56 and $2,553.82 over the past day. This uptick aligns with $5.84 million in inflows into spot Ethereum ETFs, led by BlackRock with $8.40 million in inflows.
Solana (SOL) saw a 3% decline, trading at $143.65. Its trading range was between $140.97 and $148.69. Binance has recently introduced Spot Grid and Spot DCA trading bots for the SOL/EUR pair, which could impact future price movements.
XRP and Meme Coins
Ripple’s XRP price rose 0.3% to $0.5709, with intraday lows and highs of $0.5582 and $0.5843, respectively. In the meme coin sector, Dogecoin (DOGE) gained 1% to $0.1006, and Shiba Inu (SHIB) increased by 0.7% to $0.00001395. However, Pepe Coin (PEPE), dogwifhat (WIF), and FLOKI experienced minor declines of 0.5%-1%.
Top Performers and Decliners
Top Gainers:
DOGS: This TON-based token surged 19% to $0.00149, with a trading range between $0.001219 and $0.001644.
Toncoin (TON): Saw a 5% increase to $5.57, fluctuating between $5.29 and $5.89.
Immutable (IMX): Rose 5% to $1.45, with intraday lows and highs of $1.35 and $1.47.
Top Losers:
Stacks (STX): Fell 10% to $1.39, with lows and highs of $1.55 and $1.77.
ORDI: Dropped 9% to $27.05, with trading ranges between $26.11 and $30.03.
Bittensor (TAO): Experienced an 8% decline, trading at $295.52, with lows and highs of $292.81 and $325.62.
Market Summary
The global cryptocurrency market cap edged up by 0.05% to $2.09 trillion, while the total market volume decreased by 2.72% to $84.29 billion. The crypto market remains volatile as investors await further economic data and regulatory developments.
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