Cryptocurrency Price Today: Bitcoin Rises Above $27,000 After Weeks Of Slump, Stacks Becomes Top Gainer
Cryptocurrency price on August 30 quick take: The global market cap rose to $1.09 trillion.
Bitcoin (BTC) managed to rise above the $27,000 mark for the first time in two weeks. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw notable gains across the board. As per CoinMarketCap, the market’s fear and greed index stood at 42 (out of 100), which in neutral. The Stacks (STX) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 17 percent. ASTR became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $1.09 trillion at the time of writing, registering a 24-hour gain of 3.80 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,329.77, registering a 24-hour gain of 5.09 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.78 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,718.73 marking a 24-hour gain of 4.10 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 gain of 3.73 percent, as per CoinMarketCap data, currently priced at $0.06557. As per WazirX, Dogecoin price in India stood at Rs 5.73.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 3.82 percent. At the time of writing, it was trading at $67.80. LTC price in India stood at Rs 5,841.68.
Ripple (XRP) Price Today
XRP price stood at $0.5333, seeing a 24-hour gain of 2.42 percent. As per WazirX, Ripple price stood at Rs 46.10.
Solana (SOL) Price Today
Solana price stood at $21.59, marking a 24-hour gain of 5.48 percent. As per WazirX, SOL price in India stood at Rs 1,830.01.
Top Crypto Gainers Today (August 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stacks (STX)
Price: $0.5364
24-hour gain: 17.52 percent
Bitcoin Cash (BCH)
Price: $221.84
24-hour gain: 16.13 percent
XDC Network (XDC)
Price: $0.063
24-hour gain: 11.73 percent
Toncoin (TON)
Price: $1.68
24-hour gain: 11.29 percent
WOO Network (WOO)
Price: $0.1734
24-hour gain: 8.63 percent
Top Crypto Losers Today (August 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Astar (ASTR)
Price: $0.05974
24-hour loss: 1.23 percent
Synthetix (SNX)
Price: $2.05
24-hour loss: 1.17percent
Casper (CSPR)
Price: $0.03658
24-hour loss: 1.04 percent
Curve DAO Token (CRV)
Price: $0.477
24-hour loss: 0.79 percent
APENFT (NFT)
Price: $0.0000003205
24-hour loss: 0.79 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “With a price surge of about 5 percent within the past 24 hours, Bitcoin has been trading above the $27,000 level. Similarly, The overall crypto market volume has grown by over 100 percent in the same time frame. This positive growth could be because of a recent legal decision involving Grayscale within the United States. The court ruled in favour of Grayscale in its lawsuit against the Securities and Exchange Commission, revolving around transforming the Grayscale Bitcoin Trust into an Exchange-Traded Fund (ETF). This development has caused optimism among market participants, steering market prices upwards. The aftermath of this legal ruling might set the stage for other major corporate players to pursue licenses for Bitcoin spot ETFs in the coming months. It could also improve the prospects of approvals for applications from notable names like BlackRock and Fidelity.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has seen a positive price action in the last 24 hours. As per CoinGecko, global crypto market capitalization (+3.8 per cent) added approx. $50 billion, and is currently around $1.13 trillion. The fear and greed index has jumped 10 points and has entered the neutral zone with the current score of 49/100. This market and investor sentiment boost comes after a U.S. court order to the SEC to review Grayscale’s long-awaited application to convert its Bitcoin trust into an exchange-traded fund (ETF). While the court order to the SEC does not guarantee an ETF, it surely does ease the way for one.”
Shivam Thakral, the CEO of BuyUCoin, said, “The market reaction to Grayscale winning the lawsuit against the SEC shows that the digital asset industry is held back due to a lack of regulatory framework. The wave of positive developments around the crypto industry has come as a fresh lease of life for the crypto industry which has been battling hostile regulations, dampened investor mood, and crypto winter. We are optimistic that Grayscale getting court approval for Bitcoin ETF will work as a template for similar financial products around the world.”
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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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