Bitcoin Below $40K Again, Ethereum Up In Trade On August 2, 2021: Check Prices Of Top 10 Cryptos

As per coindesk.com, a leading blockchain news outlet, there is weakness again lurking in cryptocurrencies, with Bitcoin seen losing over 4% over the last 24 hours. The price however just at the time of writing this copy hit $40 K mark. All the top cryptos were seen down in trade barring Tether and USD Coin that is a stablecoin.

The gains or the steep run seen towards the last days of July in case of Bitcoin are now receding owing to profit booking. One of the experts however owed this weakness to uncertainty around the US infrastructure bill. The bill’s previous edition looked at increasing information reporting requirements as well as expanding the scope of a ‘broker’ for any parties that might interact with crypto, including Decentralised exchanges. Notably, the bill that is being discussed in the Senate is looking to augment tax receipts for funding the over $1 trillion in infrastructure improvements across the country.

Bitcoin in 8-years time has registered the longest winning run of 10 days and saw a push towards resistance close to $42000.

Cryptocurrency Price as on August 2, 2021

Bitcoin (BTC)- $39,566
Ethereum (ETH)- $2578
Ripple (XRP) -$0.7476
Tether (USDT)- $1.0
Cardano (ADA)- $1.32
Stellar (XLM)- $0.279
USD Coin (USDC)- $1
Chainlink (LINK)- $22.51
Uniswap (UNI)- $22.06
Polkadot (DOT)- $18.14

GoodReturns.in