Cryptocurrency Price Today: Bitcoin, Ethereum Register Minor Dips; Theta Fuel Gains Nearly 25 Percent
Cryptocurrency price on August 26 quick take: The global crypto market saw a 1.20 percent dip in the last 24 hours.
Bitcoin (BTC) and Ethereum (ETH), the world’s most-valued and second most-valued crypto coins, respectively, saw minor dips in the last 24 hours, as the overall crypto market is facing a bearish movement. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), saw minor losses across the board. Among lesser-known altcoins, the Theta Fuel (TFUEL) token emerged to be the biggest gainer, seeing a nearly 25 percent gain in the last 24 hours. On the other hand, Lido DAO (LDO) turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $1.03 trillion as per CoinMarketCap data, registering a 24-hour dip of 1.20 percent.
Bitcoin (BTC) price today
BTC was priced at $21,440.75 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour loss of 1.19 percent. As per Indian exchange WazirX, BTC price stood at Rs 17.98 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,660.60, marking a 24-hour loss of 2.33 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.39 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 1.92 percent as per CoinMarketCap data, currently priced at $0.0679. As per WazirX, Dogecoin price in India stood at Rs 5.70.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 2.95 percent. At the time of writing, it was priced at $55.63. LTC price in India stood at Rs 4,638.
Ripple (XRP) price today
XRP price stood at $0.3492, seeing a 24-hour dip of 0.23 percent. As per WazirX, Ripple price stood at Rs 29.
Solana (SOL) price today
Solana price stood at $34.74, marking a 24-hour dip of 3.94 percent. As per WazirX, SOL price in India stood at Rs 3,065.54.
Top crypto gainers today (August 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Theta Fuel (TFUEL)
Price: $0.07251
24-hour gain: 24.48 percent
Decred (DCR)
Price: $32.26
24-hour gain: 2.81 percent
Cardano (ADA)
Price: $0.4764
24-hour gain: 2.60 percent
Shiba Inu (SHIB)
Price: $0.00001353
24-hour gain: 1.93 percent
Theta Network (THETA)
Price: $1.27
24-hour gain: 0.43 percent
Top crypto losers today (August 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Lido DAO (LDO)
Price: $1.96
24-hour loss: 12.52 percent
Helium (HNT)
Price: $6.54
24-hour loss: 6.42 percent
Curve DAO Token (CRV)
Price: $1.15
24-hour loss: 6.29 percent
Arweave (AR)
Price: $12.02
24-hour loss: 6.15 percent
Internet Computer (ICP)
Price: $6.24
24-hour loss: 5.60 percent
What crypto exchanges are saying about the crypto market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded sideways in the past 24 hours as bulls are trying to enter the market, but on the other hand, selling strength also continues to increase. Despite BTC starting to decline after bulls were rejected at the $24,000 level a few days ago, but still BTC tried to keep the price above the $21,000 level. If buyers can return to the market, we might see BTC soar to $22,000. The second largest cryptocurrency, Ethereum, remains bullish as the price is above the key support level at $1,655. ETH has not yet accumulated enough strength for either growth or fall. However, $1,700 now plays a vital role for bulls.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Thursday had mostly a gaining market even though the gains were not significant. Mostly it ranged between 0.5 to 2 percent. The well-known memecoin Shiba Inu saw a price increase of 4.5 percent. A small portion of top 100 tokens saw decline in prices including tokens like Synthetix that lost about 5 percent in price mostly during the later part of the day. Generally, the gaining market continues to exist and can prevail till the weekend.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "Ethereum, the second largest cryptocurrency, continued to see a rise and briefly crossed the $1,700 mark on Thursday. The global cryptocurrency market also saw a rise with the market cap now at $1.04 trillion. Meanwhile, Bitcoin, which has the largest market share, reached closer to $21,600. The upward movement in the global cryptocurrency market over the last few days re-establishes the strong linkages cryptocurrencies have with NASDAQ-listed technology stocks. It further indicates the maturity and interconnectivity of technology stocks and crypto markets.”
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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