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The new week and new month have started negatively for most of the coins, according to CoinStats.

Major cryptocurrencies are starting the new week in the red, with Bitcoin (BTC) tumbling below $58,000 and Ethereum (ETH) slipping below $2,500 once again. The overall crypto market cap also registered a drop of 1.91%, leaving it just above the $2 trillion mark.

XRP's short-term performance is under our radar as it struggles with the recent market volatility. XRP is facing difficulties keeping momentum above $0.60, which is why it is important to keep an eye on those price levels.

BeInCrypto's comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent's crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements.

Being in the headlines didn't help Dogecoin or Telegram-linked tokens.

Previously, a dynamic and erratic asset that benefited from its status as a meme, Shiba Inu, is now exhibiting concerning indications of losing its market share. For holders of SHIB, the most recent price action presents a bleak picture as the token struggles to hold onto its value.

Bitcoin's failure to maintain above $60,000 is pulling altcoin prices toward their recent swing lows. What will it take to turn the market around?

Binance periodically adds new tokens to its platform to improve users' trading experiences. This usually positively impacts the price of the listed cryptocurrencies.

Despite the Kaia Blockchain's launch as a replacement for the Klaytn network, Asia's answer to Telegram's The Open Network (TON), the KLAY price has suffered a significant 9.04% in the 24 hours post-launch.

Telegram-linked cryptocurrencies are down this week after Pavel Durov, the founder and CEO of the messaging app, was arrested.

After the SEC vs. Ripple Lawsuit, XRP price has been moving sideways.

Crypto exchange behemoth Binance on Friday issued an important announcement on Toncoin (TON), DOGS, Jupiter (JUP), Algorand (ALGO), Aptos (APT), Arkham (ARKM), Blur (BLUR), SuperRare (RARE), Ontology (ONT), Tensor (TNSR), and Renzo (REZ) crypto. The digital asset exchange pioneer revealed that it is listing new margin trading pairs for the mentioned tokens on its platform

New crypto coins with great growth potential always get the most attention from whales. DTX Exchange (DTX) is one of those coins. This project will soon launch its L1 blockchain, a central talking point among Toncoin (TON) and Ethereum (ETH) whales. Also, its ongoing presale has been great as early buyers enjoy a 200% return.

Bitcoin briefly fell below $58,000 late on Wednesday, dipping to a low of $57,974 before recovering. Since then, price action has been relatively muted, with Bitcoin (BTC) trading just above the $59,000 price level, down 0.80% in the past 24 hours.

The broader market remains volatile, with the BTC price back under the $60K mark. Amid this, the volatility increases for the Toncoin and Notcoin with Parel Durov's case. As Durov gets out by paying a bail amount of $5.56 Million, the altcoins are turning positive momentarily.

Crypto Prices Today (August 29): The crypto market today remains weak, although it has also prevented further downside momentum. Bitcoin (BTC) price kept the $59K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded in both red and green territories.

Cryptocurrency prices remained under intense pressure this week as last week's bullish breakout fizzled. Bitcoin recoiled from Sunday's high of over $64,000 to below $60k while the crypto fear and greed index fell from almost 60 to 49. Most altcoins like Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) remain in a deep bear market.

Bitcoin's fall below $60,000 signals near-term weakness, but longer-term investors continue withdrawing coins from exchanges, signaling a bullish outlook.

August has seen a market downturn, leading to price dips for many assets. Whales, aiming to capitalize on the current conditions, have started accumulating certain altcoins in anticipation of potential gains in the coming month.

TRON's rise and Toncoin's decline could signal shifting investor confidence and market dynamics in the cryptocurrency landscape. The post TRON's market cap gains could push Toncoin out of top 10 appeared first on Crypto Briefing.

Toncoin price reclaimed $5.50 on Aug 28, a rapid 10% recovery from the shock price dip recorded after French authorities arrested Telegram CEO Peter Durov.

Telegram Coin Toncoin (TON) has lost its market cap position to Tron (TRX) following a recent price correction and the ongoing detention of Pavel Durov. Before Sunday's events, TON had a market cap of $17.20 billion, while Tron's market cap was over $14 billion after surpassing Cardano.

The downtime was partially attributed to the overwhelming popularity of the DOGS airdrop, a campaign by the Ton Foundation aimed at raising awareness about the arrest of Telegram's founder, Pavel Durov . Despite these challenges, Toncoin has managed to reduce its losses, currently down by less than 1%, a stark contrast to the broader market's performance.

Toncoin's TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted.