Top Cryptocurrency Prices Today, August 5

Today's cryptocurrency values were inconsistent, with Bitcoin trading under the D23,000 ceiling. The price of Bitcoin, the biggest and most well-known cryptocurrency, was down about 1% at D22,971. 

According to CoinGecko, the global crypto market valuation today exceeded USD1 trillion after being nearly flat over the previous 24 hours at D1.12 trillion.

The performance of other cryptocurrencies today was varied, with XRP, Solana, BNB, Litecoin, Chainlink, Tether, Polkadot, Tron, Avalanche, Uniswap, and Polygon prices moving up over the last day while Stellar and Apecoin prices decreased.

BTC has fallen to USD22,000, yet bulls are still in control of the market. Support for BTC is currently D20,000, while resistance is D23,000. BTC might soon reclaim its USD23,000 level.

On the other hand, Ethereum, the second-largest cryptocurrency, is gradually preparing and building up the strength to act. If the price today recovers to the USD1,700 level, a further increase is possible, according to Edul Patel, CEO and Co-Founder of Global Crypto Investment Platform Mudrex.

Two new futures products from one of the top derivatives exchange owners in the world are entering the cryptocurrency industry. On August 29, 2022, CME Group Inc. will launch Bitcoin and Ether Euro futures. CME Group and Cboe Global Markets Inc., which declared plans to enter the Bitcoin futures market earlier than CME, control the majority of the cryptocurrency futures market.

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