On August 30, the cryptocurrency market experienced notable turbulence, with major assets like Bitcoin (BTC) and Ethereum (ETH) navigating through volatile conditions. This comes amid market reactions to the U.S. Personal Consumption Expenditures (PCE) data, which has heightened market uncertainty.
Cryptocurrency Market Overview
Bitcoin, trading at $59,004, saw a minor decline of 0.3% over the past 24 hours. The cryptocurrency faced price fluctuations between $58,786.23 and $61,184.08. Recent data indicates $71.73 million in outflows from Bitcoin ETFs, contributing to market volatility. Bitcoin’s dominance remained steady at 56.18%, with the coin’s market capitalization at $1.17 trillion and a 24-hour trading volume of $32.49 billion.
Ethereum also experienced a 0.3% drop, trading at $2,519. Its price ranged between $2,505.70 and $2,595.98. This decline aligns with $1.77 million in outflows from Ethereum spot ETFs. Ethereum’s market capitalization is $302.94 billion.
Solana (SOL) saw a 3% decrease, trading at $138, with its price fluctuating between $138.27 and $147.22. The coin’s market cap stands at $64.72 billion. Ripple’s XRP dropped nearly 1.5%, reaching $0.5618, with a trading range of $0.5593 to $0.5764.
Top Cryptocurrency Gainers and Losers
Amid the broader market dip, BEAM and MultiverseX (EGLD) stood out with notable gains. BEAM surged 4%, reaching $0.0149, while EGLD also climbed 4%, trading at $29.22. Other gainers include Ronin (RON), which rose 3.5% to $1.66.
Conversely, some cryptocurrencies faced significant declines. FLOKI saw a steep 17% drop, trading at $0.0001274, and TON-based DOGS plummeted 15.86% to $0.00125. POPCAT, however, rose 8.32%, reaching $0.6103.
Market Sentiments and Trends
The overall cryptocurrency market capitalization fell by 0.44% to $2.08 trillion, and the total market volume dropped 20.68% to $66.73 billion. This broad downturn reflects ongoing uncertainty influenced by recent U.S. PCE data, which has heightened volatility across the crypto space.
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