Crypto On August 8: Bitcoin Holds Above $23,000; Ether Retains $1,700

The crypto market for Monday comes on an optimistic note as the leading cryptocurrency Bitcoin (BTC) rose by 0.04%, while Ether (ETH) dropped by 0.16%.

According to CoinMarketCap, the world's biggest cryptocurrency Bitcoin is holding above $23,000, while Ether has held prices above $1,700 in the last 24 hours despite a significant decrease in trading volume.

The prices of Bitcoin and Ether as of 12:07 a.m. ET stood at $23,303 and 1,709, respectively. Moreover, the market dominance of BTC stood at 40.36%, while ETH's dominance was 18.87%.

The top 10 currencies were green as of 12:08 a.m. ET with Ripple (XRP) up by 0.38% to $0.3734, Cardano (ADA) up by 4.13% to $0.5331, Solana (SOL) up by 5.42% to $41.94, Polkadot up by 3.06% to $8.80 and Dogecoin (DOGE) up by 2.27% to $0.06691.

The biggest gainers in the market as of 12:09 a.m. ET included Chainlink (LINK), which was up by 8.54% to $8.41; Flow (FLOW), which was up by 10.66% to $2.92; Theta Network (THETA), which was up by 6.10% to $1.67 and THORChain (RUNE), which was up by 7.13% to $2.87.

On the contrary, the poor performers for Monday as of 12:10 a.m. ET included Lido DAO (LIDO), which was down by 3.95% to $2.47; Kusama (KSM), which was down by 1.70% to $65.80; Decred (DCR), which was down by 9.75% to $37.43; Compound (COMP), which was down by 1.53% to $63.89 and Optimism (OP), which was down by 3.01% to $1.92.