Cryptocurrency Price Today (August 21): Bitcoin Dips Below $60,000, TRON Becomes Top Gainer
Cryptocurrency price on August 21 quick take: The global market cap dipped to $2.1 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $60,000 mark once again after a day of gains. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 45 (Neutral) out of 100, as per CoinMarketCap data. The Tron (TRX) emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 12 percent. Bittensor (TAO) became the biggest loser, with a 24-hour dip of nearly 5 percent.
The global crypto market cap stood at $2.1 trillion at the time of writing, registering a 24-hour dip of 1.97 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $59,377.25, registering a 24-hour dip of 2.64 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.14 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,592.76, marking a 24-hour loss of 3.06 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 0.90 percent, as per CoinMarketCap data, currently priced at $0.1036. Dogecoin price in India stood at Rs 8.42.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 4.47 percent. At the time of writing, it was trading at $64.20. LTC price in India stood at Rs 5,576.51.
Ripple (XRP) Price Today
XRP price stood at $0.5948, seeing a 24-hour dip of 2 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $142.74, marking a 24-hour loss of 3.16 percent. SOL price in India stood at Rs 12,195.12.
Top Crypto Gainers Today (August 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
TRON (TRX)
Price: $0.16
24-hour gain: 11.65 percent
BitTorrent (New) (BTT)
Price: $0.0000008479
24-hour gain: 11.13 percent
Brett (Based) (BRETT)
Price: $0.08887
24-hour gain: 9.56 percent
Avalanche (AVAX)
Price: $23.28
24-hour gain: 6.87 percent
Polygon (MATIC)
Price: $0.4674
24-hour gain: 5.26 percent
Top Crypto Losers Today (August 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bittensor (TAO)
Price: $293.36
24-hour loss: 4.66 percent
Sui (SUI)
Price: $0.8719
24-hour loss: 4.44 percent
Litecoin (LTC)
Price: $64.25
24-hour loss: 4.32 percent
Neo (NEO)
Price: $10.01
24-hour loss: 4.08 percent
THORChain (RUNE)
Price: $3.91
24-hour loss: 3.74 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded at $59,000 due to lack of momentum for significant upward movements, largely due to stronger confidence in the global economy, ongoing geopolitical tensions, and a downturn in spot Bitcoin ETFs. BTC has still not gathered enough strength to make a sharp move. The support now lies at the $58,100 level and resistance is at the $60,600 level.”
CoinSwitch Markets Desk noted, “While BTC started yesterday with a decent spike to 61k USD levels, it could not sustain the gains till the US market opened yesterday and fell back below 60k USD, testing the support at 58.5k USD yet again. Meanwhile, data reveals that traders have already accumulated nearly $300 million in open interest, with many positioning themselves for a bullish outcome following the U.S. election expiry. TRX emerged as one of the top gainers of the day, nearing its all-time high in USD as Tron gains renewed popularity. The recent launch of Solana's pump.fun style memecoin website has been a significant driver of this momentum. Tron's tokens, including SUN and the memecoin SUNDOG, led the pack among the top 500 market cap coins.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Open interest in bitcoin rose to $365 million ahead of the Nov. 4 U.S. presidential election, reflecting considerable speculation about its impact on the digital asset. Open interest is concentrated in call options, indicating that traders expect Bitcoin to reach new highs. Despite this optimism, Bitcoin is currently down 2%, trading at $59,600.Breaking 60,000$ level could make btc move towards 61,000$ failing which it could lover lower towards 54000$ Range on a short term. Divided market sentiment is influenced by the candidates' diverging stances on cryptocurrencies - Trump's support for cryptocurrencies contrasts with Harris's ambiguous stance. Recent polls show Trump has significant support from the crypto community, but betting markets suggest a tight race with slightly favored Harris.”
Shivam Thakral, CEO of BuyUcoin, said, “The Mt. Gox Bitcoin movement and Senator Lummis's proposal for the U.S. to buy Bitcoin are two significant events that have made the crypto market ready for continued expansion and use. About 12,000 Bitcoins have just been transferred by Mt. Gox to a new, unidentified wallet address. This follows a series of transactions where over 140,000 Bitcoins, valued at nearly $9 billion, were moved. This may result in an increased supply of BTC and may have a significant impact on the crypto market in the short term. The 3.30% decline in Bitcoin's dominance during the day may be a sign of project diversification. The rise in overall trading volume, especially for stablecoins and DeFi, is an indication of increased interest and activity in the cryptocurrency market. Investors should remain optimistic about the long-term potential of the crypto market.”
CoinDCX Research Team told ABP Live, “The crypto market experienced a brief pump yesterday but retreated during the U.S. market session. Bitcoin and Ethereum continued their sideways movements, while a few altcoins showed recovery, with meme tokens outperforming. Although the market appears choppy in the lower time frame, it remains bullish in higher time frames.”
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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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