Cryptocurrency Price Today: Top Coins Land In Reds, Pepe Becomes Biggest Loser
Cryptocurrency price on August 25 quick take: The global market cap dipped $1.05 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $26,000 mark despite most top coins registering dips across the board. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw losses across the board. As per CoinMarketCap, the market’s fear and greed index stood at 34 (out of 100). The Bone ShibaSwap (BONE) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 12 percent. Memecoin Pepe (PEPE) became the biggest loser, with a 24-hour dip of over 19 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour dip of 1.31 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,088.54, registering a 24-hour dip of 1.27 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.03 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,655.17 marking a 24-hour dip of 1.17 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.46 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.15 percent, as per CoinMarketCap data, currently priced at $0.06245. As per WazirX, Dogecoin price in India stood at Rs 5.59.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.17 percent. At the time of writing, it was trading at $64.27. LTC price in India stood at Rs 5,672.01.
Ripple (XRP) Price Today
XRP price stood at $0.5181, seeing a 24-hour loss of 1.92 percent. As per WazirX, Ripple price stood at Rs 45.50.
Solana (SOL) Price Today
Solana price stood at $20.73, marking a 24-hour dip of 4.78 percent. As per WazirX, SOL price in India stood at Rs 1,900.
Top Crypto Gainers Today (August 25)
As per CoinMarketCap data, here are the top four crypto gainers over the past 24 hours:
Bone ShibaSwap (BONE)
Price: $1.39
24-hour gain: 12.71 percent
BinanceUSD (BUSD)
Price: $1
24-hour gain: 0.02 percent
Binance (BNB)
Price: $217.05
24-hour gain: 0.01 percent
USD Coin (USDC)
Price: $1
24-hour gain: 0.01 percent
Top Crypto Losers Today (August 25)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0.000000881
24-hour loss: 19.57 percent
THORChain (RUNE)
Price: $1.47
24-hour loss: 9.35 percent
Akash Network (AKT)
Price: $1.33
24-hour loss: 8.79 percent
Immutable (IMX)
Price: $0.5591
24-hour loss: 8.72 percent
Sui (SUI)
Price: $0.5488
24-hour loss: 8.66 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin’s price is back at around the $26,000 mark. Market observers await US Federal Reserve Chair Jerome Powell's imminent public comments at the annual Jackson Hole Symposium organized by the Kansas City Federal Reserve. Meanwhile, Ethereum maintains a trading value of approximately $1,650. Recent data sourced from Lookonchain activities highlights the accumulation of $94 million worth of ETH over the past week by four major whale entities. These entities are capitalizing on the prevailing bearish market conditions. Notably, concerns loom over Deribit, a prominent player in the crypto options exchange sphere, as it prepares to settle a substantial volume of contracts. This includes 72,000 BTC options contracts, valued at $1.9 billion, and 535,000 ETH options contracts, carrying an estimated worth of $893 million. In a new development, AI firm SingularityNET and blockchain firm VeChain have formed a strategic partnership to combat carbon emissions.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market has seen minor selling pressure since yesterday. As per CoinGecko, the global crypto market capitalization is down 0.8 percent and continues to be around $1.1 trillion. The crypto fear and greed index has seen some correction as it fell by 2 points since yesterday. The index continues to be in the fear zone with a score of 39/100. The market is looking forward to the US Federal Reserve Chair Jerome Powell’s speech on Friday. Investors are expecting an end to the rate hike cycles, which may impact how the crypto market performs subsequently.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin slipped to approximately $26,000 on Friday, retracing a significant portion of the gains made the prior day. Investors are currently focused on US Federal Reserve Chair Jerome Powell's address at Jackson Hole, eagerly seeking indications of potential changes to the rate hike trajectory. This development could impact the crypto market. On WazirX, Komodo (KMD) and Aave (AAVE) have been the top gainers in the last 24 hours.”
Shivam Thakral, the CEO of BuyUCoin, said, “With a decrease of 18.80 percent in trade volume over the previous 24 hours, the cryptocurrency market saw a substantial change. For the first time ever, the project's multisig sent out the meme coin as over 16 trillion tokens left the PEPE multisig wallet. While Bitcoin is worth $26,122.22, PEPE's price fell 15 percent. Bitcoin is under selling pressure due to unfavourable macroeconomic factors, which is impacting the prices of digital assets across the board.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
Top Headlines
Trending News
