Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Trade Sideways, dYdX Becomes Top Gainer
Cryptocurrency price on August 28 quick take: The global market cap stood at $1.05 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $26,000 mark as top coins register minor movements. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — traded sideways across the board. As per CoinMarketCap, the market’s fear and greed index stood at 35 (out of 100). The dYdX (DYDX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 4 percent. THETA became the biggest loser, with a 24-hour dip of over 4 percent.
The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour gain of 0.02 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,002.83, registering a 24-hour dip of 0.02 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,649.12 marking a 24-hour gain of 0.12 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.49 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.39 percent, as per CoinMarketCap data, currently priced at $0.06256. As per WazirX, Dogecoin price in India stood at Rs 5.62.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.43 percent. At the time of writing, it was trading at $64.84. LTC price in India stood at Rs 5,702.
Ripple (XRP) Price Today
XRP price stood at $0.5184, seeing a 24-hour loss of 1.07 percent. As per WazirX, Ripple price stood at Rs 45.70.
Solana (SOL) Price Today
Solana price stood at $20.49, marking a 24-hour gain of 1.05 percent. As per WazirX, SOL price in India stood at Rs 1,813.
Top Crypto Gainers Today (August 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
dYdX (DYDX)
Price: $2.17
24-hour gain: 4.13 percent
Conflux (CFX)
Price: $0.1255
24-hour gain: 3.51 percent
Filecoin (FIL)
Price: $3.35
24-hour gain: 3.50 percent
Frax Share (FXS)
Price: $5.92
24-hour gain: 2.57 percent
Maker (MKR)
Price: $1,058.03
24-hour gain: 2.44 percent
Top Crypto Losers Today (August 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Theta Network (THETA)
Price: $0.6005
24-hour loss: 4.75 percent
Injective (INJ)
Price: $6.93
24-hour loss: 4.19 percent
Sui (SUI)
Price: $0.5534
24-hour loss: 4.13 percent
WOO Network (WOO)
Price: $0.1695
24-hour loss: 3.54 percent
Optimism (OP)
Price: $1.42
24-hour loss: 3.48 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is trading near the $26,000 threshold. Market sentiments improved following optimistic remarks by JPMorgan analysts, which indicate a potential end to Bitcoin's downward trend and injected positivity into the market landscape. This view gains further credibility due to the declining open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange, signalling the potential conclusion of prolonged liquidation processes. In contrast, Ethereum's current trading stands at roughly $1,650. The weekend also saw criticism from crypto Twitter following the US Treasury Department’s new proposal on handling digital asset taxes.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market held steady over the weekend. As per CoinGecko, the global crypto market capitalisation is up 0.2 percent in the last 24 hours and continues to remain above $1 trillion. The crypto fear and greed index continues to be in the fear zone with a score of 39/100, a point up since yesterday. Crypto investors are cautious, even though downward price action seems to be slowing down.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Amidst upcoming data on July’s personal consumption expenditure, the market seems to have bounced back from the slump of the last few weeks. Potential interest rate hikes which could be determined over the next few days, could be a catalyst for price movements of key tokens. Altcoins haven’t demonstrated any significant price movement to determine the onset of an alt season.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin recently crossed $26,000, sparking investment discussions. While its value has fallen slightly, concerns about the impending financial crisis and inflation remain. Economist Peter Schiff warns of a crisis before the US central bank controls inflation. Despite Bitcoin's prominent position, the US dollar still dominates global payments — SWIFT data confirms. Cardano's creator, Charles Hoskinson, predicts that it will outperform Bitcoin and Ethereum due to its unique features. However, the value of ADA continues to stagnate. Amidst the volatility, Bitcoin's technicals appear stable, trading between $25,500 and $27,000 with the potential to rise to $27,400 or even $28,650.”
Shivam Thakral, the CEO of BuyUCoin, said, “In the dynamic realm of cryptocurrency, reveals a market in spirited motion. The past 24 hours witnessed a surge, painting a 15.95 percent increase in the total crypto market volume, a testament to its ever-shifting nature. Notably, the DeFi landscape contributed significantly, boasting a $1.58 billion volume, signifying 9.09 percent of the entire crypto market's 24-hour volume. This underscores the persistent growth and influence of decentralized finance. Amidst this panorama, Bitcoin stands strong at a price of $26,019.72, an anchor in the volatile sea of digital assets.”
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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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