Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, failed to cross the $27,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) — saw a mix of minor jumps and dips across the board. Litecoin (LTC) became the biggest gainer of the lot, with a 24-hour jump of over 3 percent. The Akash Network (AKT) token, on the other hand, became the biggest loser, with a 24-hour loss of nearly 19 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour gain of 0.10 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,087.20, registering a 24-hour dip of 0.13 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,676.90 marking a 24-hour gain of 0.52 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.50 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 10.98 percent, as per CoinMarketCap data, currently priced at $0.06071. As per WazirX, Dogecoin price in India stood at Rs 5.72.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 3.31 percent. At the time of writing, it was trading at $66.43. LTC price in India stood at Rs 5,805.64.
Ripple (XRP) Price Today
XRP price stood at $0.5323, seeing a 24-hour gain of 2.71 percent. As per WazirX, Ripple price stood at Rs 47.
Solana (SOL) Price Today
Solana price stood at $21.47, marking a 24-hour loss of 1.95 percent. As per WazirX, SOL price in India stood at Rs 1,917.20.
Top Crypto Gainers Today (August 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Litecoin (LTC)
Price: $66.59
24-hour gain: 3.37 percent
Stellar (XLM)
Price: $0.1276
24-hour gain: 2.98 percent
Ripple (XRP)
Price: $0.5337
24-hour gain: 2.87 percent
Monero (XMR)
Price: $147.86
24-hour gain: 2.18 percent
Flare (FLR)
Price: $0.01349
24-hour gain: 2.17 percent
Top Crypto Losers Today (August 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Akash Network (AKT)
Price: $1.37
24-hour loss: 18.59 percent
Frax Share (FXS)
Price: $6.06
24-hour loss: 5.47 percent
Synthetix (SNX)
Price: $2.15
24-hour loss: 3.81 percent
Sui (SUI)
Price: $0.5314
24-hour loss: 3.51 percent
Injective (INJ)
Price: $7.69
24-hour loss: 2.52 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been trading around the $26,000 level. This drop might be because of traders selling the tokens en masse based on several unrelated catalysts like a lack of clarity in the Grayscale v/s US SEC case for a Bitcoin ETF, SpaceX writing down the value of their Bitcoin reserves, and China’s Evergrande group filing for bankruptcy. Ethereum, on the other hand, is trading above the $1,600 level. Altcoins Ripple, Litecoin, and Stellar have grown more than 3 percent each in the last 24 hours.”
Rajagopal Menon, Vice President, WazirX, offered his take, “The crypto market displayed resilience in the past week as major players like Bitcoin and Ethereum maintained stability after recent turbulence. Notably, Ripple’s XRP experienced a modest upswing, hinting at a potential recovery from its legal battles. The overall market sentiment remains cautiously positive, with investors closely observing regulatory developments and macroeconomic factors. On WazirX, Cream Finance (CREAM) and Zcash (ZEC) have been the top gainers in the last 24 hours.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Despite the sharp fall last week, the crypto market stabilised and was rangebound over the weekend. The global crypto market capitalisation is currently $1.1 trillion, up 0.5 percent in the last 24 hours. The crypto fear and greed index is up by a point from yesterday and is currently in the fear zone with a score of 38/100.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “MicroStrategy, a major Bitcoin holder, faced a setback as an unrealised loss of $600 million arose from Bitcoin’s fall to $25,000. Although they invested $4.5 billion in 150,000 bitcoins at an average price of $29,970 per bitcoin, this 11 percent drop in price marks their first loss since June. CEO Saylor, a Bitcoin advocate, remains committed to holdings. While MicroStrategy shares have gained 132 percent this year, recent market trends show a 10 percent drop in profits for bitcoin holders, with the value of Bitcoin falling. A bearish USD could have helped the movement of BTC/USD.”
CoinDCX Research Team told ABP Live, “BTC’s price exhibited limited movement throughout the weekend, maintaining a subdued stance following a recent dip to a two-month low. The market faced notable liquidations during this period, likely influenced by circulating speculations about SpaceX, led by Elon Musk, liquidating Bitcoin holdings valued at $373 million. These considerations coincided with ongoing discussions regarding potential interest rate hikes in the United States, contributing to the observed market corrections.”
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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.
