BTC & AI Coins Weak Ahead US PCE, TON Tokens Rise
The post BTC & AI Coins Weak Ahead US PCE, TON Tokens Rise appeared on BitcoinEthereumNews.com.
Crypto Prices Today (August 29): The crypto market today remains weak, although it has also prevented further downside momentum. Bitcoin (BTC) price kept the $59K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded in both red and green territories. Intriguingly, TON ecosystem tokens noted considerable gains with Telegram CEO Pavel Durov’s release from prison. However, it’s worth noting that AI coins remained weak despite Nvidia beating its earnings. The looming U.S. PCE data set to be released on Friday has added a layer of intrigue among market participants. Meanwhile, the global crypto market cap saw a slight 0.05% increase in value to $2.09 trillion today. However, the total market volume slipped 2.72% to $84.29 billion. Here’s a brief report on some of the top cryptocurrencies by market cap and their price movements today. Crypto Prices Today (August 29) Bitcoin Price Today BTC price rested at $59,171 at press time, a nearly 1% decline in value in the past 24 hours. The coin’s intraday lows and highs were recorded as $57,890.68 and $60,236.45, respectively. BTC’s dominance stood at 56.01%, a decline of 0.25% over the day. This volatility aligns with spot Bitcoin ETFs witnessing $105.19 million in outflows as of August 28. Ark & 21 Shares (ARKB) led the pack with $59.27 million in outflows, per Soso Value data. Meanwhile, Bitcoin miner Vortex Brands recently started acquiring MicroStrategy (MSTR) stocks, sparking further discussions among market participants. Ethereum Price Today Whereas, ETH price gained nearly 2% over the past day to trade at $2,523. Its 24-hour lows and highs are $2,431.56 and $2,553.82, respectively. Notably, the upward movement aligns with $5.84 million inflows into spot Ethereum ETFs. BlackRock leads the pack with $8.40 million in inflows. Solana Price Today The crypto SOL’s value dropped 3% to $143.65 today. Its intraday lows and highs…
Filed under: News - @ August 29, 2024 5:18 am