Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued to hover within the $21,000 range on Wednesday morning. BTC had dipped to a three-week low over the weekend and it appears to be unable to come out of the slump just yet. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) — saw a mixed bag of gains and dips across the board. Among lesser-known altcoins, the Chiliz (CHZ) token emerged as the biggest gainer over the past 24 hours for the second day in a row, while Celsius (CEL) continued to be the biggest loser for the third consecutive day this week.
At the time of writing, the global crypto market cap stood at $1.02 trillion as per CoinMarketCap data, registering a 24-hour dip of 0.38 percent.
Bitcoin (BTC) price today
BTC was priced at $21,251.20 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 0.25 percent. As per Indian exchange WazirX, BTC price stood at Rs 17.77 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,614.39, marking a 24-hour dip of 0.60 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.35 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 1.88 percent as per CoinMarketCap data, currently priced at $0.06742. As per WazirX, Dogecoin price in India stood at Rs 5.71.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.94 percent. At the time of writing, it was priced at $56.08. LTC price in India stood at Rs 4,630.35.
Ripple (XRP) price today
XRP price stood at $0.3401, seeing a 24-hour gain of 0.13 percent. As per WazirX, Ripple price stood at Rs 28.30.
Solana (SOL) price today
Solana price stood at $34.61, marking a 24-hour dip of 2.16 percent. As per WazirX, SOL price in India stood at Rs 3,030.
Top crypto gainers today (August 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 13.24 percent
Bitcoin Cash (BCH)
24-hour gain: 7.66 percent
XDC Network (XDC)
24-hour gain: 6.83 percent
24-hour gain: 5.00 percent
Bitcoin Gold (BTG)
24-hour gain: 4.24 percent
Top crypto losers today (August 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 13.78 percent
24-hour loss: 4.54 percent
24-hour loss: 3.73 percent
24-hour loss: 2.86 percent
24-hour loss: 2.59 percent
What crypto exchanges are saying about the crypto market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Most cryptocurrencies rose a bit on Tuesday after new home sales fell 12.6 percent in July from the month before. Bitcoin has again bounced back to the $21,000 level after buyers confirmed their strength. If BTC can break out of its current level, we can expect it to break above its recent resistance at $21,744. The second largest cryptocurrency, Ethereum, also made a false breakout above the $1,600 level. If the price of ETH can hold above this vital level, bulls might get a chance to seize the initiative.”
Sathvik Vishwanath, CEO and co-founder of Unocoin told ABP Live, “The crypto downtrend that started during the weekend got broken on Tuesday. While the popular Bitcoin price increased just by 0.5 percent, other well-known coins like Ether rose by 4 percent and Bitcoin Cash gained 8 percent. No specific sector-wise pattern was seen. About 80 of the top 100 coins ended in green in spite the gain was generally less than 2 percent.”
weTrade founder Prashant Kumar told ABP Live, “Cryptocurrencies continued to trade in the red with the global crypto market cap at $1.02 trillion, a marginal decrease over the last 24 hours, as factors including rate hikes to control inflation and increased selling play a role. Additionally, the International Monetary Fund on Tuesday called for financial regulators to step in and integrate the crypto and financial markets in Asia. If such a move is considered, one can hope for lesser speculation in crypto assets in the future.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.