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Bitcoin below $29,500; Ethereum holds $1,850; Tron & Shiba Inu fall 6%

Bitcoin and other top crypto tokens were trading mixed today. The digital token market moved sideways in August due to the global vacation season and lack of major key economic events. However, the phase of consolidation may trigger some gains in the token space. Bitcoin moved slightly higher as the largest crypto token added about half-a-per cent but remained below 29,500-mark. Ethereum also posted gains on the similar lines and managed to hold $1,850-levels. On the downside, Tron and Shiba Inu shed 4 per cent each, while Dogecoin and Solana shed 2 per cent each during the day. The global cryptocurrency market cap was trading slightly higher, rising up to $1.19 trillion-mark.

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