Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to recover from the $21,000 zone on Tuesday 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 pas 24 hours, while Celsius (CEL) continued to be the biggest loser for the second day in a row this week.
At the time of writing, the global crypto market cap stood at $1.03 trillion as per CoinMarketCap data, registering a 24-hour gain of 0.07 percent.
Bitcoin (BTC) price today
BTC was priced at $21,273.63 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 0.57 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.02 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,614.39, marking a 24-hour gain of 1.34 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.36 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.50 percent as per CoinMarketCap data, currently priced at $0.06863. As per WazirX, Dogecoin price in India stood at Rs 5.74.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 2.90 percent. At the time of writing, it was priced at $56.39. LTC price in India stood at Rs 4,575.
Ripple (XRP) price today
XRP price stood at $0.3393, seeing a 24-hour gain of 0.51 percent. As per WazirX, Ripple price stood at Rs 28.98.
Solana (SOL) price today
Solana price stood at $35.29, marking a 24-hour dip of 1.90 percent. As per WazirX, SOL price in India stood at Rs 3,158.69.
Top crypto gainers today (August 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 18.80 percent
24-hour gain: 16.47 percent
Curve DAO Token (CRV)
24-hour gain: 8.59 percent
Lido DAO (LDO)
24-hour gain: 5.70 percent
The Graph (GRT)
24-hour gain: 4.37 percent
Top crypto losers today (August 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 21.44 percent
24-hour loss: 5.63 percent
XDC Network (XDC)
24-hour loss: 5.27 percent
24-hour loss: 4.44 percent
Trust Wallet Token (TWT)
24-hour loss: 4.31 percent
What crypto exchanges are saying about the crypto market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Most cryptocurrencies slipped a bit on Monday with increasing selling pressure and uncertainty around the monetary policies. The two significant cryptocurrencies have dropped more than 10 percent since the past week after July’s Federal Open Market Committee’s meeting was released. If BTC can close above $21,500 today with less selling volume, we expect it to reach $22,400 soon. While on the other hand, the hype around Ethereum and merge has slowly started to die, causing the price to slide. The downward trend could be temporary as the merge is still a month away, and ETH may gain momentum before it.”
Sathvik Vishwanath, CEO and co-founder of Unocoin told ABP Live, “The weak market that started over the weekend continued on Monday as well. However, about one-third of the top 100 coins saw a gain of 1-2 percent during the day. The coins related to metaverse and attention on browsers had to shed as much as 5 percent in their prices. Bitcoin as well had to settle for a loss of about 0.5 percent. A short-term turnaround seems to be challenging.”
weTrade founder Prashant Kumar told ABP Live, “Bitcoin and Ethereum, the two largest crypto tokens continue to see a downward trend with Bitcoin nearing $21,350 and Ethereum at $1,620. Bitcoin has seen a sharp decline of over 10 percent over the last week and similar trends can also be seen for other top-performing coins. While there may be volatility in the short term, the expectation for long-term growth remains. We recommend digital asset investors have patience during this time.”
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.