Cryptocurrency Price Today: Bitcoin Remains Below $30,000, HBAR Becomes Top Gainer

Cryptocurrency price on August 14 quick take: The global market cap stood at $1.17 trillion over the weekend.

Bitcoin price stood at $29,367.72 on Monday.

Source : Getty

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained below the $30,000 mark early in the week. Ethereum (ETH) failed to clear the $1,900 threshold as well. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of minor jumps and dips across the board. The Hedera (HBAR) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 15 percent. BONE, on the other hand, became the biggest loser, with a 24-hour dip of over 11 percent. 

The global crypto market cap stood at $1.17 trillion at the time of writing, registering a 24-hour dip of 0.21 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $29,367.72, registering a 24-hour loss of 0.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.26 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,845.73 marking a 24-hour dip of 0.14 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 2.20 percent, as per CoinMarketCap data, currently priced at $0.07469. As per WazirX, Dogecoin price in India stood at Rs 6.35.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 1.51 percent. At the time of writing, it was trading at $82.04. LTC price in India stood at Rs 7,023.02.

Ripple (XRP) Price Today

XRP price stood at $0.6293, seeing a 24-hour gain of 0.05 percent. As per WazirX, Ripple price stood at Rs 54.70.

Solana (SOL) Price Today

Solana price stood at $24.36, marking a 24-hour dip of 2.09 percent. As per WazirX, SOL price in India stood at Rs 2,062.01. 

Top Crypto Gainers Today (August 14)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Hedera (HBAR)

Price: $0.06477
24-hour gain: 15.38 percent

THORChain (RUNE)

Price: $1.41
24-hour gain: 5.90 percent

ApeCoin (APE)

Price: $2.09
24-hour gain: 4.82 percent

Maker (MKR)

Price: $1,246.46
24-hour gain: 3.12 percent

Mina (MINA)

Price: $0.4731
24-hour gain: 2.31 percent

Top Crypto Losers Today (August 14)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Bone ShibaSwap (BONE)

Price: $1.47
24-hour loss: 11.10 percent

Shiba Inu (SHIB)

Price: $0.00001021
24-hour loss: 3.86 percent

WOO Network (WOO)

Price: $0.1843
24-hour loss: 3.72 percent

Aptos (APT)

Price: $0.07466
24-hour loss: 2.33 percent

Dogecoin (DOGE)

Price: $0.07466
24-hour loss: 2.29 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin recently faced a decline below the significant threshold of $30,000 in its trading valuation. During the weekend, Coinbase introduced its Base blockchain on the Ethereum network. The weekend also saw news of an exploit that targeted Libbitcoin, leading to more than $900,000 worth of Bitcoin being stolen from the wallets of users. In the midst of these events, Hedera witnessed a surge in its price by an approximate margin of 15 percent over the past 24 hours, potentially influenced by the rollout of its social network platform, Calaxy. Meanwhile, Ethereum continues to maintain a consistent trading range, oscillating between $1,800 and $1,900 as it has over the previous week.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has traded sideways with downward pressure over the weekend and the last 24 hours. As per CoinGecko, the global crypto market capitalization is down 0.6 percent from yesterday but continues to stay above $1.2 trillion. The crypto fear and greed index held steady at 54/100 throughout the weekend. However, we entered the week with a slight dip of 4 points which positioned the index at a score of 50/100, within the neutral zone.”

Rajagopal Menon, Vice President, WazirX, offered his take, “Crypto market indicators point to a potential bull run as Bitcoin holds steady below $30,000. The market now seems to be anticipating ETFs in Ethereum before the next bull run hits. The sudden rise in MACD level in the last several hours has pointed to a ‘Buy’ sentiment in the market.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $29,313 with a 24-hour trading volume of $6.1 billion and maintains its top spot on CoinMarketCap with a market cap of $571 billion. With 19,455,681 BTC in circulation and a maximum supply of 21,000,000 BTC, its support at $29,200 remains stable. A neutral trading bias persists due to the struggle to break above $29,600 in the four-hour time frame. A bullish break above this level could lead to $30,200, while a bearish decline below $29,200 could drop to $29,250. A break above the $30,200 resistance could push Bitcoin towards $30,600-$31,000, but caution is advised around the key $29,800 and $30,200 zones due to potential bearish signals.”

Shivam Thakral, the CEO of BuyUCoin, said, “There has been a notable spike in the dynamic world of cryptocurrencies. The total trading volume in the cryptocurrency market over the last day was amazingly $21.99 billion, up a significant 23.92 percent. Positive price stability indicates consolidation around these levels, which might support another move up. Since Paypal's statement is the first of its sort from an established, worldwide payments firm with hundreds of millions of customers, it represents a significant step forward.” 

CoinDCX Research Team told ABP Live, “Crypto markets remained sideways over the weekend with Bitcoin trading close to $29,400 at the time of writing. The lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. This shows that traders may have been avoiding making moves at the current levels. Last week saw the US Producer Price Index (PPI) (MoM) come at 0.3 percent for July, higher than the estimate of 0.2% signaling inflation issues still persist. PPI measures the change in the price of goods sold by manufacturers, one of the important indicators for accounting for inflation. This led to a small correction for BTC, trading near the 20-day EMA ($29,447) for the past two days, signaling indecision between the bulls and the bears.”

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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.