The price of top cryptocurrency tokens fell today amid report of a possible fraud charge against Bitcoin.

Bitcoin price dropped to $29,100 while Litecoin and Solana shed 5% respectively.

Crypto Price Today: Bitcoin, Litecoin, Solana Prices Fall
Cryptocurrecy’s Bitcoin, Litecoin, Solana

Thursday’s trade reports top crypto tokens were trading in the red even as US Department of Justice officials are considering fraud charges against crypto exchange Binance.

According to Edul Patel, Co-founder and CEO at Mudrex, “Bitcoin prices appreciated to $30,000 yesterday.


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“The surge happened after it was gathered that there was plan from the U.S Treasurys to purchase more bitcoin.


“However, a later development in the news revealed that Binance could face US fraud charges and BTC price immediately started to drop.

“Currently, it is trading above the US$29,100 level. On the other hand, institutional investors await the US SEC’s decision on the approval of a Bitcoin Spot ETF.

Despite the excitement surrounding Litecoin’s halving event, the coin’s value plummeted by more than 5% in the last 24 hours.

Also, Uniswap’s token experienced a significant decline of over 7.8%,” he added.


Bitcoin (BTC) fell 2% to $29,030, meanwhile, its largest peer, Ethereum, was also trading lower and declined below the $1,850 level.

Other top crypto tokens, BNB, XRP, Dogecoin, Solana, Polygon and Litecoin were also trading lower on Thursday.


Also, the total volume in DeFi is currently $2.98 billion, 8.96% of the total crypto market 24-hour volume.

The volume of all stablecoins is now $31.25 billion, which is 93.91% of the total crypto market 24-hour volume.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.16 trillion, falling 1.57% in the last 24 hours.

Furthermore, the market cap of Bitcoin, the world’s largest cryptocurrency, was around $563 billion.

Bitcoin’s dominance is currently 48.56%, a decrease of 0.08% over the day, according to CoinMarketCap.

Basically, BTC volume stood at approximately $15.5 billion, falling 21.08% in the last 24 hours.

“Bitcoin is currently engaged in a fierce battle between buyers and sellers, with the sellers holding a slight advantage at the moment.

On August 2, the US equities markets experienced profit-taking, which also caused the recovery in the crypto market to come to a halt,” said ZebPay Trade desk.

Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said, “BTC 4-hour chart reveals interesting setup after correction.

Price at 0.5 and 0.618 Fibonacci support indicates a potential recovery and will trigger a bullish trend.”

“However, a drop below this range could signal concern and risk further decline to the $25,000 support.

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Right now, investors are waiting for confirmation of support for a possible bullish recovery or closely watching for a breakdown with a potential short-term drop to $25,000,” Sathvik added.

Crypto Cart: Quick Glance (Source:, data as of 12.58 hours, IST on August 3, 2023)

Crypto Prices Today

Bitcoin $29,030 -2.00%
Ethereum $1,832 -1.36%
Tether $0.9989 -0.04%
BNB $239 -2.18%
XRP $0.6714 -3.3%
Cardano $0.2954 -3.26%
Dogecoin $0.07423 -3.57%
Solana $23.71 -4.27%
Polygon $0.6738 -2.72%
Litecoin $86.33 -5.49%
Polkadot $5.01 -2.73%
Tron $0.07649 -1.55%
Shiba Inu $0.000008224 -0.96%



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