Cryptocurrency prices today: Bitcoin, Ether prices fall slightly after strong rally


Prices of popular cryptocurrencies Bitcoin and Ether fell over 2 per cent on Thursday after a sell-off. Check the latest cryptocurrency prices and trends.

Cryptocurrency prices on August 12

Bitcoin’s value has fallen slightly after rising for the past few days. (Photo: Reuters)

Prices of some popular cryptocurrencies fell marginally due to sell-off across the virtual coin market.

Bitcoin, the world’s most popular cryptocurrency dipped marginally to $45,213.58, down 2.78 per cent from its price 24 hours ago at 1:35 pm. Bitcoin’s market capitalisation fell to $850 billion due to the sell-off.

The price of Ether also dipped by 3 per cent to $3,131.90; its market capitalisation also fell marginally to $367 billion.

The valuation of several other altcoins also fall after the broad-based sell-off, but Cardano, XRP, and Dogecoin remain bullish.

Cryptocurrency highlights: Check yesterday’s prices

The weakness in Bitcoin and Ether witnessed today comes after a few days of intense rallies that propelled the value of the two leading virtual coins.

Commenting on the cryptocurrency sell-off, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “We are starting to see some sell-off across the cryptocurrency spectrum.”

“After days of intense rallying, it’s quite natural for the bulls to take a breather. It’s not a severe selloff yet. However, it would be prudent for the short term traders to enter into high conviction trades now as the markets might face a pullback soon,” he added.

“Cardano and Polygon’s native token, MATIC are still pretty bullish after a multi-week breakout.”

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap (Billion)

Volume (24 Hours)

Bitcoin

45,316.89

-1.67%

$850

$35 billion

Ether

3,143.22

-2.00%

$367

$26 billion

Dogecoin

0.2736

3.36%

$35.9

$5.9 billion

Litecoin

170.31

-0.28%

$11.3

$2.5 billion

XRP

1.01

13.04

$101

$9.4 billion

Cardano

1.77

19.14%

$56

$4 billion

DISCLAIMER: The cryptocurrency prices have been updated as of 02:00 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.

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