Cryptocurrency Price Today (August 30): Bitcoin Dips Below $59,000, BEAM Becomes Top Gainer
Cryptocurrency price on August 30 quick take: The global market cap rose to $2.25 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $60,000 mark and continued to be on a freefall early Friday. 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 46 (Neutral) out of 100, as per CoinMarketCap data. The BEAM token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 5 percent. DOGS became the biggest loser, with a 24-hour dip of nearly 18 percent.
The global crypto market cap stood at $2.07 trillion at the time of writing, registering a 24-hour dip of 0.56 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $58,787.47, registering a 24-hour loss of 0.93 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 53.65 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,511.62, marking a 24-hour dip of 0.82 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 0.63 percent, as per CoinMarketCap data, currently priced at $0.09997. Dogecoin price in India stood at Rs 9.15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.30 percent. At the time of writing, it was trading at $62.13. LTC price in India stood at Rs 5,394.71.
Ripple (XRP) Price Today
XRP price stood at $0.5609, seeing a 24-hour dip of 2.02 percent. Ripple price in India stood at Rs 50.18.
Solana (SOL) Price Today
Solana price stood at $138.19, marking a 24-hour loss of 3.80 percent. SOL price in India stood at Rs 13,330.33.
Top Crypto Gainers Today (August 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Beam (BEAM)
Price: $0.015
24-hour gain: 5.14 percent
Monero (XMR)
Price: $163.75
24-hour gain: 4.26 percent
MultiversX (EGLD)
Price: $29.09
24-hour gain: 3.67 percent
Flare (FLR)
Price: $0.01614
24-hour gain: 3.03 percent
Ronin (RON)
Price: $1.67
24-hour gain: 3.01 percent
Top Crypto Losers Today (August 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
DOGS (DOGS)
Price: $0.001265
24-hour loss: 17.29 percent
FLOKI (FLOKI)
Price: $0.0001279
24-hour loss: 16.17 percent
Popcat (SOL) (POPCAT)
Price: $0.6191
24-hour loss: 9.15 percent
Render (RENDER)
Price: $5.18
24-hour loss: 8.09 percent
Klaytn (KLAY)
Price: $0.1551
24-hour loss: 7.65 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently trading around $59,000, facing challenges in breaking through the $65,000 resistance level. Despite bullish activity at key support zones, a further decline could indicate that bears remain in control, potentially pushing BTC down to $55,700. On the other hand, Ethereum is trading near $2,500. The $2,300 level is critical; if breached, it could trigger a retest of the $2,111 mark. In the broader market, U.S. stocks, particularly the tech-heavy Nasdaq, also lost early gains. Meanwhile, Q2 U.S. GDP growth supports the likelihood of a Fed rate cut in September.”
CoinSwitch Markets Desk noted, “Bitcoin has been very volatile throughout the week with bears taking the lead, bringing down Bitcoin’s price to 59k USD per coin. Bitcoin needs to retest 65k USD soon for the short-term bearish structure to break. In the US, presidential candidate Donald Trump has proclaimed to make US the “crypto capital of the planet” with his World Liberty financial website hinting at high-yield DeFi opportunities. In the wider market, memecoins topped the losers charts with FLOKI (-10.5%) and DOGS (-6.5%).”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The cryptocurrency market experienced a decline, influenced by factors such as the House Financial Services Committee's planned hearings on DeFi and "pig butchering," and Nvidia's disappointing earnings report. AI-related tokens like Render and Injective saw notable losses, falling by 7% and 3% respectively. Bitcoin and Ethereum prices remained at $59,000 and $2,500, suggesting a potential continuation of consolidation. The overall trend for Bitcoin since its March peak has been downward, characterized by lower highs and lower lows.”
Shivam Thakral, CEO of BuyUcoin, said, “Over the last 24 hours, Bitcoin has bounced back to the $59,000 mark, showcasing resilience despite market fluctuations. The ongoing development of various innovative projects is expected to bring about a revolution in blockchain gaming and the excitement surrounding new projects, such as those that Donald Trump has mentioned. While details about Donald Trump's new crypto project remain scarce, the ongoing discussions highlight cryptocurrency's growing interest and potential. This buzz indicates that innovation and investment in cryptocurrency are still evolving and is a reflection of the market's dynamic nature and capacity to draw influential figures.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin faced rejection at daily resistance of $65,379 and is down 7.5% in two days. It has since recovered slightly by 1% to $60,071. If BTC falls below $58,783, it may further decline by 4.5% to test the daily support level of $56,002. The Relative Strength Index (RSI) has fallen below 50 and the Awesome Oscillator (AO) is nearing a dip below zero. Both indicators suggest weakening momentum and a potential bearish trend if they remain below neutral levels.”
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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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