Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $24,000 mark on early Wednesday morning. Ethereum (ETH), the second-most valued crypto coin, is showing a steady growth towards the $1,900 mark as its Mainnet Merge is expected to take place in September. Other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), registered gains across the board. Among lesser-known altcoins, the EOS token emerged as the biggest gainer in the last 24 hours, and Celsius (CEL) continued to be the biggest loser second day in a row.
At the time of writing, the global crypto market cap stood at $1.15 trillion as per CoinMarketCap data, registering a 24-hour gain of 0.58 percent.
Bitcoin (BTC) price today
BTC was priced at $24,045.44 at the time of writing. As per CoinMarketCap, Bitcoin saw a minor 24-hour dip of 0.36 percent. As per Indian exchange WazirX, BTC price stood at Rs 19.29 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,897.84, marking a 24-hour gain of 0.39 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.53 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 7.09 percent as per CoinMarketCap data, currently priced at $0.08503. As per WazirX, Dogecoin price in India stood at Rs 6.55.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 5.21 percent. At the time of writing, it was priced at $64.05. LTC price in India stood at Rs 4,875.
Ripple (XRP) price today
XRP price stood at $0.3888, seeing a 24-hour gain of 4.54 percent. As per WazirX, Ripple price stood at Rs 30.
Solana (SOL) price today
Solana price stood at $44.01, marking a 24-hour gain of 0.73 percent. As per WazirX, SOL price in India stood at Rs 3,430.
Top crypto gainers today (August 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 29.19 percent
24-hour gain: 12.30 percent
24-hour gain: 8.01 percent
24-hour gain: 7.97 percent
24-hour gain: 5.59 percent
Top crypto losers today (August 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 8.42 percent
Convex Finance (CVX)
24-hour loss: 3.55 percent
24-hour loss: 2.40 percent
24-hour loss: 2.11 percent
XDC Network (XDC)
24-hour loss: 1.96 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “Bitcoin (BTC) went downward up to $23,788, after failing to maintain the $25,000 level on Monday. The Bank of Russia targets to implement its own CBDC in 2024. The financial sanctions after the inception of the Ukraine war have accelerated Russia’s launch of the digital ruble. A draft document reveals that the Bank of Russia aims to gradually connect all credit institutions to the digital ruble platform and increase the number of available payment options using smart contracts. However, not all functionalities will be available in the projected timeline. The central bank plans to connect non-banking financial institutions and exchanges in 2025 only.”
Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Tuesday presented a stable to slightly bullish market for crypto prices. Most of the gains among the top 100 coins were in terms of 0-2 percent. The exceptions seen were for meme coins which have started to become attractive due to a lot of buzz on social media like Twitter. On the other hand, EOS, which claims to become the opening system for cryptos, did have a 25 percent price increase as the party against EOS was not able to represent properly in the case and this has skewed the odds of EOS winning or settling it off with that other party.”
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.