Cryptocurrency Price Today (August 23): Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer
Cryptocurrency price on August 23 quick take: The global market cap rose to $2.15 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $60,000 mark early Friday. 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 48 (Neutral) out of 100, as per CoinMarketCap data. The Bittensor (TAO) emerged to be the biggest gainer of the lot, with a 24-hour jump of over 12 percent. SATS (1000SATS) became the biggest loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $2.15 trillion at the time of writing, registering a 24-hour gain of 0.57 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $60,908.01, registering a 24-hour jump of 0.28 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.14 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,646.36, marking a 24-hour gain of 0.91 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 gain of 1.12 percent, as per CoinMarketCap data, currently priced at $0.1061. Dogecoin price in India stood at Rs 8.42.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.20 percent. At the time of writing, it was trading at $64.03. LTC price in India stood at Rs 5,576.51.
Ripple (XRP) Price Today
XRP price stood at $0.5987, seeing a 24-hour jump of 0.22 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $144.99, marking a 24-hour gain of 2 percent. SOL price in India stood at Rs 12,195.12.
Top Crypto Gainers Today (August 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bittensor (TAO)
Price: $331.51
24-hour gain: 12.61 percent
Avalanche (AVAX)
Price: $26.12
24-hour gain: 11.57 percent
Artificial Superintelligence Alliance (FET)
Price: $1.06
24-hour gain: 9.85 percent
THORChain (RUNE)
Price: $4.19
24-hour gain: 8.86 percent
Immutable (IMX)
Price: $1.31
24-hour gain: 7.85 percent
Top Crypto Losers Today (August 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
SATS (1000SATS)
Price: $0.0003144
24-hour loss: 5.88 percent
UNUS SED LEO (LEO)
Price: $5.83
24-hour loss: 3.98 percent
Aave (AAVE)
Price: $133.11
24-hour loss: 3.53 percent
Helium (HNT)
Price: $6.63
24-hour loss: 2.87 percent
BitTorrent [NEW] (BTT)
Price: $0.0000009338
24-hour loss: 2.15 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin remains above the $60,000 mark, driven by several factors: the Federal Reserve's indication of potential rate cuts in September, Kamala Harris's signals towards a more crypto-friendly approach, and increasing inflows into spot Bitcoin ETFs. The next resistance levels are at $61,300 and $62,200, with support at $59,500.”
CoinSwitch Markets Desk noted, “Facing strong resistance around the 61k USD levels, BTC seems to be taking a breather after a volatile week. However, it seems like the market is now waiting for Fed Chair Powell’s speech today to estimate how aggressive the interest rate cuts are going to be. Talking about altcoin, Tron’s ecosystem is in the news with its viral product- the sunpump dot meme generating more than half a million dollars in revenue within weeks of release. Tron’s most popular Dex’s token SUN was also the top gainer yesterday with 40% returns in the last 24 hours.”
Shivam Thakral, CEO of BuyUcoin, said, “The increase in the cryptocurrency market cap, now at $2.15 trillion, is largely attributed to Federal Reserve Chair Jerome Powell's signals regarding potential interest rate cuts. His remarks suggest that monetary policy easing may support asset prices, particularly those of cryptocurrencies, which have increased investor optimism. Since Bitcoin is seen as an alternative monetary system, lower interest rates could weaken the dollar and support the price of the cryptocurrency.”
CoinDCX Research Team told ABP Live, “The crypto market continues to move sideways, with altcoins slightly outperforming Bitcoin, with the gaming category leading. Bitcoin is stuck in a range between $58,000 and $61,500, needing a breakout from this range for a clear direction. Meanwhile, BTC dominance is gradually dropping. Ethereum is also trading within a range of $2,500 to $2,700, with the ETH/BTC pair showing a slight recovery.”
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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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