Cryptocurrency Price Today (August 19): Bitcoin Dips Down To $58,000 As Top Coins See Bloodbath
Cryptocurrency price on August 19 quick take: The global market cap stood at $2.07 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to $58,000 mark, seeing a heavy decline over the weekend due to lack of buyers. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and losses across the board as the overall Market Fear & Greed Index stood at 43 (Neutral) out of 100, as per CoinMarketCap data. Toncoin (TON) emerged to be the biggest gainer of the lot, with a 24-hour jump of over 6 percent. Injective (INJ) became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $2.07 trillion at the time of writing, registering a 24-hour dip of 0.47 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $58,580.67, registering a 24-hour dip of 1.47 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.14 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,635.52, marking a 24-hour gain of 1.26 percent at the time of writing. Ethereum price in India stood at Rs 2.21 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.82 percent, as per CoinMarketCap data, currently priced at $0.1003. Dogecoin price in India stood at Rs 8.42.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.73 percent. At the time of writing, it was trading at $66.43. LTC price in India stood at Rs 5,576.51.
Ripple (XRP) Price Today
XRP price stood at $0.5671, seeing a 24-hour gain of 0.20 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $143.09, marking a 24-hour jump of 1.21 percent. SOL price in India stood at Rs 12,195.12.
Top Crypto Gainers Today (August 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Toncoin (TON)
Price: $6.98
24-hour gain: 7.54 percent
Notcoin (NOT)
Price: $0.01136
24-hour gain: 6.39 percent
Klaytn (KLAY)
Price: $0.1551
24-hour gain: 6.09 percent
dYdX (Native) (DYDX)
Price: $1.13
24-hour gain: 5.31 percent
Conflux (CFX)
Price: $0.1335
24-hour gain: 4.39 percent
Top Crypto Losers Today (August 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Injective (INJ)
Price: $17.86
24-hour loss: 3.66 percent
Ondo (ONDO)
Price: $0.6667
24-hour loss: 3.64 percent
Stacks (STX)
Price: $1.41
24-hour loss: 3.44 percent
THORChain (RUNE)
Price: $3.91
24-hour loss: 2.82 percent
MANTRA (OM)
Price: $0.8735
24-hour loss: 2.71 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded at the $58,000 level over the weekend due to uncertainty in the market creating a lack of buying momentum. Additionally, there has also been a selling pressure the last week. Currently, buyers are struggling to push and hold the price above the $60,000 level. BTC is far from the key levels, the volume has dropped which means neither bulls nor bears are ready for a sharp move. In this case, BTC might trade sideways between $58,000 and $61,000 levels for the next few days. On the other hand, Ethereum is moving to test the resistance of $2,669. If a breakout happens, the accumulated energy might be enough for a test of the $2,700 level. The drop in gas fees is driving the price of Ethereum up.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto market remained calm over the weekend due to low trading activity from institutional investors and traders. This weekend, the market remained stable, with total capitalization approaching $2 trillion. Bitcoin is hovering near $58,000, while TON & NOT coins rose 7.8% & 6.8% respectively and altcoins posted modest gains. The market shows resilience and gradual growth setting a positive outlook for both mainstream and niche digital assets.”
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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.
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