Current Values of Major Digital Currencies as of August 13th: Market Statistics
Current Cryptocurrency Market Overview
Cryptocurrencies, digital assets that operate independently of any central authority, continue to shape the financial landscape. Here's a snapshot of some popular cryptocurrencies currently trading:
- Bitcoin (BTC) is currently trading at $123,814.23.
- Ethereum (ETH) is priced at $4,774.02.
- Chainlink (LINK) is trading at US$24.04.
- Litecoin (LTC) is at $131.4.
- Polkadot (DOT) is currently trading at ARS $5,665.
- Avalanche (AVAX) is at $25.66.
- Solana (SOL) is trading at $203.37.
- Ripple (XRP) is at $3.30.
- NEAR Protocol (NEAR) is at US$3.01.
- Tron (TRX) is trading at US$0.36.
Binance, a specialized platform for buying and selling cryptocurrencies, leads in trading volume.
The current market capitalization of Bitcoin stands at a staggering $2,454,590,804,723, while the total market capitalization of all cryptocurrencies combined is $4,132,031,034,247.
In the last 24 hours, Bitcoin has increased by 2.79%, Ethereum by 3.45%, BNB by 1.62%, Cardano by 8.54%, and Solana by 5.3%.
Cryptocurrencies are digital assets that use cryptography to secure and verify transactions between people. They operate without a central authority, maintain a distributed network (blockchain), and offer features such as decentralization, cryptographic security, transparency, immutability, ownership proof, global accessibility, anonymity, and irreversibility.
It's important to note that cryptocurrencies are not regulated by any authority, and there are no banks that store them. The term "crypto winter" or "crypto crash" was coined during the first major drop in cryptocurrencies, which occurred before the last boom in November 2021.
[1] Investopedia. (2021). What is Cryptocurrency? [online] Available at: https://www.investopedia.com/terms/c/cryptocurrency.asp [2] Coindesk. (2021). What is Blockchain? [online] Available at: https://www.coindesk.com/learn/blockchain/what-is-blockchain/ [3] Forbes. (2021). What is Cryptocurrency? [online] Available at: https://www.forbes.com/advisor/investing/cryptocurrency/what-is-cryptocurrency/ [4] Coinbase. (2021). What is Cryptocurrency? [online] Available at: https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency [5] CoinMarketCap. (2021). What is Cryptocurrency? [online] Available at: https://coinmarketcap.com/alexandria/article/what-is-cryptocurrency
- The latest news in finance and investing is the significant rise in the value of various cryptocurrencies, such as Bitcoin, Ethereum, Chainlink, Litecoin, Polkadot, Avalanche, Solana, Ripple, NEAR Protocol, and Tron, and the increasing trading volume on platforms like Binance.
- In the realm of technology and finance, digital assets like these cryptocurrencies are being investigated for their potential in areas such as decentralized finance (DeFi) and technological innovations, with platforms like Investopedia, Coindesk, Forbes, Coinbase, and CoinMarketCap offering extensive resources for understanding their concepts and applications.
