Cryptocurrency Price Today (August 26): Bitcoin Climbs Above $63,000, FET Becomes Top Gainer
Cryptocurrency price on August 26 quick take: The global market cap rose to $2.25 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $65,000 mark over the weekend, before setting at around $63,000 early Monday. 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 56 (Neutral) out of 100, as per CoinMarketCap data. The Artificial Superintelligence Alliance (FET) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 8 percent. Zcash (ZEC) became the biggest loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $2.25 trillion at the time of writing, registering a 24-hour dip of 0.45 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $63,994.15, registering a 24-hour loss of 0.28 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 53.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,746.04, marking a 24-hour dip of 0.66 percent at the time of writing. Ethereum price in India stood at Rs 2.30 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.48 percent, as per CoinMarketCap data, currently priced at $0.1093. Dogecoin price in India stood at Rs 9.15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 2.21 percent. At the time of writing, it was trading at $64.37. LTC price in India stood at Rs 5,394.71.
Ripple (XRP) Price Today
XRP price stood at $0.598, seeing a 24-hour dip of 1.70 percent. Ripple price in India stood at Rs 50.18.
Solana (SOL) Price Today
Solana price stood at $159.52, marking a 24-hour gain of 0.67 percent. SOL price in India stood at Rs 13,330.33.
Top Crypto Gainers Today (August 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Artificial Superintelligence Alliance (FET)
Price: $1.33
24-hour gain: 8 percent
Bittensor (TAO)
Price: $345.50
24-hour gain: 4.78 percent
Tron (TRX)
Price: $0.1656
24-hour gain: 4.09 percent
Aptos (APT)
Price: $7.24
24-hour gain: 2.99 percent
Floki (FLOKI)
Price: $0.0001524
24-hour gain: 2.70 percent
Top Crypto Losers Today (August 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Zcash (ZEC)
Price: $39.97
24-hour loss: 5.73 percent
Brett (Based) (BRETT)
Price: $0.09239
24-hour loss: 5.37 percent
Klaytn (KLAY)
Price: $0.1697
24-hour loss: 5.14 percent
Polygon (MATIC)
Price: $0.5222
24-hour loss: 4.79 percent
Helium (HNT)
Price: $6.22
24-hour loss: 4.78 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin began climbing above the $60,000 mark after Jerome Powell hinted at a potential rate cut in September. Adding to the momentum, Robert F. Kennedy Jr. expressed support for Donald Trump in the presidential campaign, pledging a crypto-friendly stance. This pushed Bitcoin up to the $64,000 level. The next resistance is expected at $65,600, with support around $63,600.”
CoinSwitch Markets Desk noted, “After touching 65,000 USD on the weekend bitcoin bears have started to feel the pain as market volatility has decreased significantly with the world’s largest crypto potentially looking for a breakout after a near-certain rate cut coming just a month from now. 69k could be the level to watch next for bulls. In a major development in the crypto world, Telegram’s co-founder Pavel Durov got arrested in France, causing Toncoin, developed by Telegram, to lose more than 3 billion dollars. Famous play to earn coin NOT too lost 20% in quick time and now trading below 1 cent.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin ETFs have demonstrated significant resilience, rebounding strongly from early August losses and attracting over $500 million in just the past week. This impressive streak underscores Bitcoin's established role as a trusted digital asset, drawing sustained investor interest even amidst market fluctuations. The influx of capital, particularly into industry giants like BlackRock's IBIT, further solidifies Bitcoin's status as digital gold, capturing the confidence of both retail and institutional investors.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) rose above $64,500 and reached a one-day high of $64,879 after Federal Reserve Chairman Powell signaled a rate cut during his speech in Jackson Hole. This dovish stance and the expectation of political change encouraged investors, sending Bitcoin up nearly 5%. The Bitcoin ETF saw $252 million inflows this week, while the Ethereum ETF continued to see outflows. The consensus remains positive; Bitcoin is likely to target $65,400 while holding support around $63,650. Meanwhile, the new cryptocurrency project raised $730,000 in pre-funding sales, reflecting Bitcoin’s growing popularity.”
CoinDCX Research Team told ABP Live, “Following Powell's speech at the Jackson Hole Symposium, the overall crypto market saw a rise, as his positive remarks on potential rate cuts boosted sentiment. Technically, Bitcoin remains bullish on higher time frames (HTF) but neutral on lower time frames (LTF). Next week, the GDP and PCE Price Index will be key events to watch. Key support levels for BTC are around $58,000 and $56,000, with resistance at $65,500 and $67,000.”
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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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