Cryptocurrency Price Today (August 20): Bitcoin Rises Above $61,000, Memecoin Dogwifhat Becomes Top Gainer
Cryptocurrency price on August 20 quick take: The global market cap rose to $2.16 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above $61,000 mark. For now, it remains to be seen if this is sustained growth and investors are advised to track trends to see if BTC becomes stable over the next few days. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 46 (Neutral) out of 100, as per CoinMarketCap data. Memecoin dogwifhat (WIF) emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 15 percent. Zcash (ZEC) became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $2.16 trillion at the time of writing, registering a 24-hour jump of 4.11 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,091.99, registering a 24-hour gain of 4.53 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.14 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,680.89, marking a 24-hour gain of 2.18 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 jump of 4.82 percent, as per CoinMarketCap data, currently priced at $0.1053. Dogecoin price in India stood at Rs 8.42.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.24 percent. At the time of writing, it was trading at $67.10. LTC price in India stood at Rs 5,576.51.
Ripple (XRP) Price Today
XRP price stood at $0.6089, seeing a 24-hour jump of 7.42 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $147.27, marking a 24-hour gain of 3.65 percent. SOL price in India stood at Rs 12,195.12.
Top Crypto Gainers Today (August 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dogwifhat (WIF)
Price: $1.57
24-hour gain: 14.98 percent
Artificial Superintelligence Alliance (FET)
Price: $0.9219
24-hour gain: 14.22 percent
Neo (NEO)
Price: $10.41
24-hour gain: 12.74 percent
Aave (AAVE)
Price: $126.84
24-hour gain: 12.46 percent
Bittensor (TAO)
Price: $313.08
24-hour gain: 11.74 percent
Top Crypto Losers Today (August 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Zcash (ZEC)
Price: $42.20
24-hour loss: 1.99 percent
Notcoin (NOT)
Price: $0.01098
24-hour loss: 1.96 percent
Toncoin (TON)
Price: $6.86
24-hour loss: 1.27 percent
dYdX (Native) (DYDX)
Price: $1.11
24-hour loss: 0.54 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 has rebounded to the $60,000 level in the past 24 hours. However, it hasn't gained enough momentum for significant upward movements, largely due to stronger confidence in the global economy, ongoing geopolitical tensions, and a downturn in spot Bitcoin ETFs. Interestingly, 75% of all Bitcoin has been held for over six months, indicating a growing long-term commitment among investors. The next resistance of BTC lies at the $61,270 level and the support is at $59,200.”
CoinSwitch Markets Desk noted, “After trading below 60k USD for the last 6 days, BTC broke above 60k with bulls displaying their strength as Bitcoin’s dominance touched 56%. This happened after Tron’s founder Justin Sun hinted that China potentially removing the ban on Bitcoin and other crypto assets through his tweet. However, the major factor of this pump can be attributed to USD regaining some strength back against the Japanese Yen. The falling prices of USD/JPY had taken BTC below 50k USD.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The cryptocurrency market is exhibiting caution, with Bitcoin stalling around $60K, as investors await key economic events in the US, including the release of the Fed meeting minutes. This uncertainty is reflected in the fear and greed index, which indicates a state of fear in the market. As we navigate this period of anticipation, it's essential to keep a close eye on market movements and be prepared for potential volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The U.S. Department of the Treasury plans to treat cryptocurrencies as fiat money, introducing stricter reporting requirements under the Bank Secrecy Act (BSA). This move, involving the Federal Reserve and FinCEN, will broaden the definition of “money” to include digital assets, impacting both domestic and international transactions. Cryptocurrency businesses will face increased compliance costs and regulatory scrutiny. Additionally, starting in 2026, brokers will need to report sales and tax basis of digital assets. These regulations aim to enhance tax enforcement and streamline filing. Separately, the U.S. government recently transferred large amounts of Bitcoin from its seized assets.”
Shivam Thakral, CEO of BuyUcoin, said, “The global crypto market has seen an extraordinary comeback, with its market capitalization hitting an impressive $2.14 trillion, marking a 2.69% rise in the last day. The crypto market currently faces several challenges such as uncertainty over next US president and geo-political tension in the Middle East. Despite these challenges, Bitcoin has reclaimed $60,000 mark and the long-term outlook for the crypto market looks positive as the total trading volume has skyrocketed to $61.72 billion, a remarkable 27.88% increase, signalling a surge in investor activity.”
CoinDCX Research Team told ABP Live, “The crypto market continues to exhibit slow movement with BTC and ETH trading sideways. This morning, BTC saw a volume uptick and crossed the $60,000 mark, while ETH is hovering slightly above $2,650. Key support levels for BTC are around $58,500 and $56,000, with resistance at $63,500, $65,500, and $67,000. For ETH, significant support levels are at $2,525 and $2,180, while resistance is at $2,850 and $3,050.”
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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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