Bitcoin, Ethereum prices surge, global cryptocurrency market gap increases

The total crypto market volume stands at $81.18 billion, which was a 9.3 per cent increase over the previous day. On Thursday, the Bitcoin prices increased by 3% to trade above $39,000. Ether coins increased by 8% and are trading at $2,713 while Dogecoin saw an increase of 2%.

Advertisement

Cryptocurrency prices surged and remain in the green on August 5. A 2.81% increase was seen in the global cryptocurrency market gap, which stands at $1.62 trillion. The total crypto market volume stands at $81.18 billion, which was a 9.3 per cent increase over the previous day.

On Thursday, the Bitcoin prices increased by 3% to trade above $39,000. Ether coins increased by 8% and are trading at $2,713 while Dogecoin saw an increase of 2%.

Except for stablecoins, all other altcoins are surging today. 

Cryptocurrency prices as of 9:30 a.m (data sourced from CoinMarketCap)

  1. Bitcoin: Price- $ 39,412, 24-hour change: 3.8%, 7 day change: -0.66%
  2. Ethereum: Price – $2715, 24-hour change: 9.09%, 7 day change: 19.18%
  3. Tether: Price – $1, 24 hour change: -0.02%, 7 day change: -0.06%
  4. Binance coin: $334.11, 24 hour change: 3.84%, 7 day change: 7.33%
  5. Dogecoin: Price – $0.2003, 24 hour change: 2.36%, 7 day change: -1.45%

On Tuesday, US Securities and Exchange Commission chief, Gary Gensler said, in an interview with Bloomberg, that the blockchain revolution started by Satoshi Nakamoto in 2008 is more than just a fad. It is a real value proposition for the future of the internet. He said that crypto would take off only if there were clear rules around the market. Gensler also said that investors needed more protection from fraud. He also added that SEC is looking at at least seven areas of the market, including decentralized finance, or DeFi, and stablecoins.