Cryptocurrency Price Today: Bitcoin Remains Above $27,000 As Top Coins Land In Red
Cryptocurrency price on August 31 quick take: The global market cap dipped to $1.08 trillion.
Bitcoin (BTC) remained the $27,000 mark early Thursday despite the price charts being dominated by reds. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor dips across the board. As per CoinMarketCap, the market’s fear and greed index stood at 40 (out of 100), which is neutral. The Mantle (MNT) token emerged to be the biggest gainer of the lot, with a 24-hour jump of 2 percent. ASTR remained the biggest loser for the second consecutive day, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour dip of 0.92 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,194.70, registering a 24-hour loss of 0.71 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.55 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,700.11 marking a 24-hour dip of 0.94 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.48 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.34 percent, as per CoinMarketCap data, currently priced at $0.06544. As per WazirX, Dogecoin price in India stood at Rs 5.70.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.64 percent. At the time of writing, it was trading at $67.36. LTC price in India stood at Rs 5,825.26.
Ripple (XRP) Price Today
XRP price stood at $0.5264, seeing a 24-hour loss of 1.18 percent. As per WazirX, Ripple price stood at Rs 45.51.
Solana (SOL) Price Today
Solana price stood at $20.64, marking a 24-hour dip of 4.45 percent. As per WazirX, SOL price in India stood at Rs 1,830.50.
Top Crypto Gainers Today (August 31)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mantle (MNT)
Price: $0.4491
24-hour gain: 2 percent
MX TOKEN (MX)
Price: $2.85
24-hour gain: 1.73 percent
EOS (EOS)
Price: $0.6246
24-hour gain: 1.28 percent
Toncoin (TON)
Price: $1.70
24-hour gain: 1.24 percent
UNUS SED LEO (LEO)
Price: $3.89
24-hour gain: 0.91 percent
Top Crypto Losers Today (August 31)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Astar (ASTR)
Price: $0.05662
24-hour loss: 5.64 percent
Synthetix (SNX)
Price: $1.95
24-hour loss: 5.12 percent
Solana (SOL)
Price: $20.65
24-hour loss: 4.57 percent
Bitcoin Cash (BCH)
Price: $213.34
24-hour loss: 4.35 percent
XDC Network (XDC)
Price: $0.06042
24-hour loss: 4.33 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has settled to trading above the $27,000 mark, following the rapid growth due to Grayscale’s legal victory against the US SEC yesterday. Following the ruling, the market is in a state of careful optimism regarding the forthcoming decision about the Bitcoin spot ETF in the United States. The market awaits word from the SEC as the initial deadline on September 1st for Bitwise's application approaches. Ethereum, on the other hand, has been trading around the $1,700 range.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Most of the top 10 cryptos by market capitalization were trading in the red. BTC (-0.7 percent) seems to have lost the momentum it had gained after Grayscale’s historic win against the SEC. However, analysts predict a 75 percent chance that Bitcoin ETFs will get approval this year. The SEC is also expected to rule on the ETF applications submitted by other players like BlackRock, Fidelity, Invesco, and WisdomTree, this week. ”
Rajagopal Menon, Vice President, WazirX, said, “Crypto market sentiments show extreme volatility as Bitcoin’s price decreases soon after its 7 percent increase. This came as an aftermath of an appeals court overturning the SEC’s decision to block Grayscale’s ETF proposal. Markets in Asia started in red as the enthusiasm around the ETF verdict started diminishing. The downtrend that had been there in the last few weeks seems to be looming again. This can only be countered if Bitcoin breaks out of the $30,000 levels.”
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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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