Cryptocurrency Price Today: Bitcoin Dips To Three-Week Low, Hovers At $21,000
Cryptocurrency price on August 22 quick take: The global crypto market stood at $1.02 trillion on Monday morning.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped to a three-week low over the weekend. On early Monday morning, it continued to hover within the $21,000 range, showing little signs of recovery. Other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) managed to see minor gains and dips across the board. Among lesser-known crypto coins, the EOS token emerged to be the biggest gainer on August 22, while Celsius (CEL) turned out to be the biggest loser over the last 24 hours.
At the time of writing, the global crypto market cap stood at $1.02 trillion as per CoinMarketCap data, registering a 24-hour gain of 1.30 percent.
Bitcoin (BTC) price today
BTC was priced at $21,415.23 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.80 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.19 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,595.51, marking a 24-hour gain of 0.37 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 0.77 percent as per CoinMarketCap data, currently priced at $0.06832. As per WazirX, Dogecoin price in India stood at Rs 5.83.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.55 percent. At the time of writing, it was priced at $54.60. LTC price in India stood at Rs 4,705.
Ripple (XRP) price today
XRP price stood at $0.3385, seeing a 24-hour gain of 0.03 percent. As per WazirX, Ripple price stood at Rs 28.80.
Solana (SOL) price today
Solana price stood at $36, marking a 24-hour gain of 2.46 percent. As per WazirX, SOL price in India stood at Rs 3,200.
Top crypto gainers today (August 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
EOS (EOS)
Price: $1.54
24-hour gain: 9.55 percent
Synthetix (SNX)
Price: $3.00
24-hour gain: 8.31 percent
Lido DAO (LDO)
Price: $2.00
24-hour gain: 5.47 percent
Nexo (NEXO)
Price: $0.9243
24-hour gain: 5.23 percent
Elrond (EGLD)
Price: $55.40
24-hour gain: 5.18 percent
Top crypto losers today (August 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Celsius (CEL)
Price: $2.19
24-hour loss: 15.05 percent
XDC Network (XDC)
Price: $0.0308
24-hour loss: 2.52 percent
Ankr (ANKR)
Price: $0.03761
24-hour loss: 0.25 percent
Decred (DCR)
Price: $28.92
24-hour loss: 0.08 percent
Dai (DAI)
Price: $0.9992
24-hour loss: 0.04 percent
What crypto exchanges are saying about the crypto market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin and Ethereum rose slightly after witnessing a downward trend as bulls tried to restore the lost initiatives. Despite the decline, over the past week, BTC remained above its crucial support level at $20,000. A move above the current level today can result in BTC bouncing back to the $22,000 level. On the other hand, Ethereum is currently between its support at $1,500 and resistance at $1,655. It has still not accumulated enough strength to make a sharp move on either side. So, we may likely see ETH trading sideways for the coming few days.”
Sathvik Vishwanath, CEO and co-founder of Unocoin told ABP Live, “The weekend was very bearish for crypto markets globally. Friday and Saturday shared a massive drop of up to 12 percent in popular crypto prices. This has dropped the price to the lowest of the entire August month. Sunday stabilised the prices but failed to turn it any bullish. Given the order books on popular international exchanges on the buy-side is thin, we cannot expect a turnaround in less than a few days.”
weTrade founder Prashant Kumar told ABP Live, "Bitcoin continues to trade at approximately $21,500. Late last week, we saw a decline in Bitcoin along with a sudden sell-off. However, the overall volumes were high and the drop seems to have plateaued off indicating consolidation. The last month has seen Bitcoin perform better than it has in the past and such changes are a part of the bull and bear cycle. Coins like Bitcoin and Ethereum have been showing strong linkages with NASDAQ-listed technology stocks. Stocks of some of the largest companies in the US have shown a decline and Bitcoin has shown similar patterns.”
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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