Leading crypto's BTC, ETH, XRP and DOGE are all down today Wed, Aug 4/21.
Bitcoin (BTC) ended yesterday (2 August) on $39,160, having fallen in value over the course of the day by 1.76%. BTC was priced at $38,542 as of 9.23am, according to Currency.com.
This is the second day in a row that BTC has been below the $40,000 mark. The lead crypto’s volume has also dropped by 5.61%.
Eight out of the top 10 cryptos listed on CoinMarketCap are also down in value over the past 24 hours. Tether (USDT) and USD Coin (USDC) are the two main cryptos that are up today, but only by a small amount, with both showing an increase of 0.01% and at $1.
BTC is down by 2.48% over the past 24 hours, with ethereum (ETH) also falling by 3.78% to $2,487. Ripple’s (XRP) cryptocurrency current price lies at $0.71 after witnessing a drop of 4.65%, while dogecoin (DOGE) fell by 3.56% to $0.19.
Singapore to grant first crypto licence
Meanwhile, Independent Reserve, one of Australia’s largest cryptocurrency exchanges, has received an “in-principal approval” letter for a Major Payment Institution Licence in Singapore from the Monetary Authority of Singapore (MAS) to operate as a regulated provider for Digital Payment Token (DPT) Services.
Independent Reserve is one of the first crypto exchanges to be awarded the approval from Singapore’s regulator.
Roughly 170 applicants, including Binance and Gemini, have applied to MAS. Binance has been given an exemption to provide services to retail and institutional investors in the city as it waits for a formal licence.
Adrian Przelozny, CEO of Independent Reserve, said: “The granting of Digital Payment Token licences by MAS will continue to put Singapore in pole position as the leading financial hub in Asia.”
Biggest risers and fallers
Voyager Token (VGX) is the biggest riser of the day, with a 26.56% uplift to $2.94. CoinMarketCap describes VGX as a “cryptocurrency broker that provides investors with a trusted and secure access point to crypto asset trading. Voyager is built to serve both retail and institutional investors with a nigh-instant solution for trading crypto assets.”
Coming in second is Stacks (STX), which is up by 19.89% to $1.48. STX is “a layer-1 blockchain solution that is designed to bring smart contracts and decentralised applications (DApps) to bitcoin BTC”.
The third-biggest rise of the day is Perpetual Protocol (PERP), which is up by 16.35% to $16.26. PERP “was launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design (constant product curve).”
The biggest drop of the day is quant (QNT), which has fallen by 9.44% to $148.42. QNT was “launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network”.
Siacoin (SC) is the second-biggest drop of the day, SC has dropped by 7.23% to $0.01. Yesterday it was the third. SC “is the native utility token of Sia, a blockchain-based distributed, decentralised cloud storage platform”.
The third-biggest drop of the day is OKB (OKB), down by 7.20% to $17.67. OKB is “a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx”..(Source:CurrencyCom) . Trade Cryptocurrency today , Open Account here !
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