Blockchain & IT/Home · Blockchain & IT

Bitcoin Defends $65,000 Level... Dogecoin, Ripple, BNB, and Other Major Altcoins Show Strength

As Bitcoin maintains its price movement around the $65,000 level, major altcoins such as Dogecoin, Ripple, and BNB are showing strength compared to the previous

Oseong Kwon
Staff Reporter
3 min read
Bitcoin Defends $65,000 Level... Dogecoin, Ripple, BNB, and Other Major Altcoins Show Strength
CBC News

As Bitcoin maintains its price movement around the $65,000 level, major altcoins such as Dogecoin, Ripple, and BNB are showing strength compared to the previous day.

According to CoinMarketCap data as of 11:52 p.m. on the 8th, the prices of major virtual assets are as follows:

• Bitcoin (BTC): $65,109.48 (+0.25% vs. 24 hours ago) • Ethereum (ETH): $1,923.19 (+0.54%) • BNB (Binance Coin): $609.10 (+3.07%) • Ripple (XRP): $1.04 (+1.48%) • Solana (SOL): $75.92 (+2.53%) • Dogecoin (DOGE): $0.07130 (+2.16%)

On this day, BNB, Solana, and Dogecoin led the upward trend, while Hyperliquid fell 2.92% to $54.47. Additionally, Tron rose 0.17% to $0.3283, showing mixed movements across different assets.

The market is closely watching whether the upward trend of altcoins will continue as Bitcoin defends the $65,000 level. In particular, depending on Bitcoin's future price direction, volatility in the altcoin market could expand.

Meanwhile, macroeconomic indicators that could impact the virtual asset market are also drawing attention. According to the U.S. July employment report released on the 7th (Korean time), the unemployment rate stood at 4.1%, and nonfarm payrolls decreased by 23,000 from the previous month.

The U.S. Bureau of Labor Statistics (BLS) calculates the unemployment rate and nonfarm employment figures through household and establishment surveys, respectively. This labor market trend is cited as a key variable in determining the future course of U.S. Federal Reserve (Fed) monetary policy, which could increase market volatility.

[Virtual assets may exhibit high price volatility, and losses may occur from investing.]

Oseong Kwon
Staff Reporter

CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.