Cryptocurrency Prices on August 6: Bitcoin‘s price was $39,799.30 and its dominance was 45.70 %, a rise of 0.06 % over the day.
Ethereum rises over 4% after upgrade
Cryptocurrency prices had been a mixture of red and green on August 6. The worldwide cryptocurrency market cap was $1.67 trillion, a 3.34 % improvement over the previous day. The entire crypto market volume over the last 24 hours was $99.90 billion, which makes a 23.06 % increase.
The volume of all stable coins was $79.04 billion – 79.12 % of the overall crypto market 24-hour volume. Bitcoin‘s price was $39,799.30 and its dominance was 45.70 %, a rise of 0.06 % over the day.
This came after Ethereum underwent a serious revamp on August 5, boosting the intraday growth of its native cryptocurrency, Ether by 4.16 % to trade at 2,790 {dollars}.
Formally known as the Ethereum Improvement Protocol 1559 (EIP-1559), a hard fork essentially means an unchangeable permanent modification on the blockchain. Post this enhancement, the blockchain community’s protocol will algorithmically and automatically determine the transaction fee, depending on the ongoing demand-supply trends.
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