Bitcoin (BTC) and Ethereum (ETH), the world’s most- and second most-valued crypto coins, respectively, registered minor dips but managed to stay in the $24,000 and $1,800 range on early Tuesday (August 16) morning. Alongside, popular altcoins such as Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) saw minor losses across the board. Among lesser-known crypto coins, the Chiliz (CHZ) token emerged as the biggest gainer. On the other hand, the Celsius (CEL) token saw the most loss over the last 24 hours.
At the time of writing, the global crypto market cap stood at $1.15 trillion as per CoinMarketCap data, registering a 24-hour dip of 3.13 percent.
Bitcoin (BTC) price today
BTC was priced at $24,123.50 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 2.90 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.57 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,891.21, marking a 24-hour loss of 4.63 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.47 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.25 percent as per CoinMarketCap data, currently priced at $0.07985. As per WazirX, Dogecoin price in India stood at Rs 6.02.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 6.27 percent. At the time of writing, it was priced at $60.69. LTC price in India stood at Rs 4,691.
Ripple (XRP) price today
XRP price stood at $0.3729, seeing a 24-hour dip of 2.14 percent. As per WazirX, Ripple price stood at Rs 28.67.
Solana (SOL) price today
Solana price stood at $43.71, marking a 24-hour dip of 5.58 percent. As per WazirX, SOL price in India stood at Rs 3,417.
Top crypto gainers today (August 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 17.69 percent
24-hour gain: 5.91 percent
24-hour gain: 2.20 percent
UNUS SED LEO (LEO)
24-hour gain: 1.73 percent
Trust Wallet Token (TWT)
24-hour gain: 1.69 percent
Top crypto losers today (August 16)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 34.49 percent
Curve DAO Token (CRV)
24-hour loss: 7.68 percent
The Graph (GRT)
24-hour loss: 7.21 percent
NEAR Protocol (NEAR)
24-hour loss: 6.86 percent
24-hour loss: 6.81 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “Both BTC and ETH prices faced a downside correction after trying to break their resistance zones. BTC declined below the $24,200 level from $25,000 and might reach $24,000. The immediate support level is near the $23,500 zone, below which the price could gain bearish momentum. Similarly, the ETH price failed to remain above the $2,000 level and dropped to the $1,880 level. The immediate resistances are at $1,940 and $1,960 levels, above which the price might retest the $2,000 zone.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “The dull market that got initiated during Sunday just continued on Monday as well. Most of the well-known coins started and ended in the red. Bitcoin lost about 0.7 percent but Ether lost about 4 percent in their prices. The secondary chain solutions and decentralised exchanges promoting coins and tokens are found to be lost the most — as much as 8 percent during the bear market. Apart from these two, the other sectors did not have any distinguished prices increase or decrease.”
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.