Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped to a three-week low over the weekend. On early Monday morning, it continued to hover throughout the $21,000 vary, exhibiting little indicators of restoration. Different in style altcoins, together with the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) managed to see minor positive factors and dips throughout the board. Amongst lesser-known crypto cash, the EOS token emerged to be the most important gainer on August 22, whereas Celsius (CEL) turned out to be the most important loser during the last 24 hours.
On the time of writing, the worldwide crypto market cap stood at $1.02 trillion as per CoinMarketCap information, registering a 24-hour acquire of 1.30 p.c.
Bitcoin (BTC) worth at the moment
BTC was priced at $21,415.23 on the time of writing. As per CoinMarketCap, Bitcoin noticed a 24-hour acquire of 0.80 p.c. As per Indian alternate WazirX, BTC worth stood at Rs 18.19 lakhs.
Ethereum (ETH) worth at the moment
ETH worth stood at $1,595.51, marking a 24-hour acquire of 0.37 p.c on the time of writing. As per WazirX, Ethereum worth in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) worth at the moment
DOGE registered a 24-hour dip of 0.77 p.c as per CoinMarketCap information, at present priced at $0.06832. As per WazirX, Dogecoin worth in India stood at Rs 5.83.
Litecoin (LTC) worth at the moment
Litecoin noticed a 24-hour acquire of 1.55 p.c. On the time of writing, it was priced at $54.60. LTC worth in India stood at Rs 4,705.
Ripple (XRP) worth at the moment
XRP worth stood at $0.3385, seeing a 24-hour acquire of 0.03 p.c. As per WazirX, Ripple worth stood at Rs 28.80.
Solana (SOL) worth at the moment
Solana worth stood at $36, marking a 24-hour acquire of two.46 p.c. As per WazirX, SOL worth in India stood at Rs 3,200.
Prime crypto gainers at the moment (August 22)
As per CoinMarketCap information, listed below are the highest 5 crypto gainers over the previous 24 hours:
EOS (EOS)
Value: $1.54
24-hour acquire: 9.55 p.c
Synthetix (SNX)
Value: $3.00
24-hour acquire: 8.31 p.c
Lido DAO (LDO)
Value: $2.00
24-hour acquire: 5.47 p.c
Nexo (NEXO)
Value: $0.9243
24-hour acquire: 5.23 p.c
Elrond (EGLD)
Value: $55.40
24-hour acquire: 5.18 p.c
Prime crypto losers at the moment (August 22)
As per CoinMarketCap information, listed below are the highest 5 crypto losers over the previous 24 hours:
Celsius (CEL)
Value: $2.19
24-hour loss: 15.05 p.c
XDC Community (XDC)
Value: $0.0308
24-hour loss: 2.52 p.c
Ankr (ANKR)
Value: $0.03761
24-hour loss: 0.25 p.c
Decred (DCR)
Value: $28.92
24-hour loss: 0.08 p.c
Dai (DAI)
Value: $0.9992
24-hour loss: 0.04 p.c
What crypto exchanges are saying in regards to the crypto market situation
Mudrex co-founder and CEO Edul Patel instructed ABP Stay, “Bitcoin and Ethereum rose barely after witnessing a downward development as bulls tried to revive the misplaced initiatives. Regardless of the decline, over the previous week, BTC remained above its essential help stage at $20,000. A transfer above the present stage at the moment can lead to BTC bouncing again to the $22,000 stage. Then again, Ethereum is at present between its help at $1,500 and resistance at $1,655. It has nonetheless not amassed sufficient energy to make a pointy transfer on both facet. So, we could possible see ETH buying and selling sideways for the approaching few days.”
Sathvik Vishwanath, CEO and co-founder of Unocoin instructed ABP Stay, “The weekend was very bearish for crypto markets globally. Friday and Saturday shared an enormous drop of as much as 12 p.c in in style crypto costs. This has dropped the worth to the bottom of your complete August month. Sunday stabilised the costs however failed to show it any bullish. Given the order books on in style worldwide exchanges on the buy-side is skinny, we can not anticipate a turnaround in lower than a couple of days.”
weTrade founder Prashant Kumar instructed ABP Stay, “Bitcoin continues to commerce at roughly $21,500. Late final week, we noticed a decline in Bitcoin together with a sudden sell-off. Nevertheless, the general volumes had been excessive and the drop appears to have plateaued off indicating consolidation. The final month has seen Bitcoin carry out higher than it has prior to now and such adjustments are part of the bull and bear cycle. Cash like Bitcoin and Ethereum have been exhibiting sturdy linkages with NASDAQ-listed know-how shares. Shares of a few of the largest firms within the US have proven a decline and Bitcoin has proven comparable patterns.”
Disclaimer: Crypto merchandise and NFTs are unregulated and may be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency is just not a authorized tender and is topic to market dangers. Readers are suggested to hunt knowledgeable recommendation and skim provide doc(s) together with associated necessary literature on the topic rigorously earlier than making any form of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and threat of the readers.
