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Cryptocurrency Price Today, August 22: Bitcoin worth right this moment on the time of writing this text was $20,988.95, down by 1.57 per cent over the previous 24 hours
Bitcoin worth right this moment fell to the $20,000 mark
Cryptocurrency Price Today: The bearish run that the cryptocurrency market noticed final week continued on Monday, August 22, as main cash registered steady drops of their values. Bitcoin, the biggest crypto token by market capitalisation, got here below $21,000, whereas Ether that reached $2000 ranges days in the past got here all the way down to the $1500 mark. Other crypto cash, together with Cardano, Dogecoin, Polkadot and BNB additionally registered losses because the bears appeared to grip the crypto market attributable to unclear causes weeks after buyers lastly started to see higher days this 12 months.
The world crypto market cap was threatened with a drop under the $1 trillion mark once more because it was buying and selling at $1.01 trillion, registering a 0.00 per cent lower over the day, knowledge from CoinMarketCap confirmed.
Bitcoin remained in purple on the day and fell under the $21000 mark. Bitcoin worth right this moment on the time of writing this text was $20,988.95, down by 1.57 per cent over the previous 24 hours, knowledge retrieved from CoinMarketCap confirmed. In the previous seven days, Bitcoin costs have fallen by 12.61 per cent.
On the opposite hand, Ether worth right this moment dipped by 3.23 per cent on the time of writing in article to scale $1522.21, confirmed knowledge from CoinMarketCap. Over the previous week, Ether costs have spiralled down by 18.92 per cent, the info additional confirmed.
“Bitcoin and Ethereum witnessed a slight enhance as bulls attempt to restore the misplaced initiatives. Even although BTC and ETH have misplaced their weekly beneficial properties, they managed to remain above their essential assist ranges at US$20,000 and US$1,500 indicating that bulls haven’t given up but. A transfer above the present degree right this moment, may end up in BTC bouncing again to the US$22,000 degree,” stated Edul Patel, CEO and co founding father of Mudrex.
“On the opposite hand, Ethereum is at the moment between its assist at US$1,500 and resistance at US$1,655. It has not accrued sufficient power to make a pointy transfer on both facet. So, we might even see ETH buying and selling sideways for coming few days,” added Patel.
Such sharp strikes are widespread within the extremely risky cryptocurrency market, a Reuters report stated. On June 15, bitcoin plunged greater than 15 per cent as buyers have been spooked by the collapse of a so-called stablecoin, TerraUSD, and a serious crypto lender freezing buyer withdrawals.
Here are the highest 10 cryptocurrencies and their costs on August 22, Monday (knowledge from coinmarketcap.com on the time of publishing this text)
Bitcoin $20,988.95 or 1.57 per cent loss within the final 24 hours
Ethereum $1,522.21 or 3.23 per cent loss within the final 24 hours
Tether $1.00 or 0.00 per cent loss within the final 24 hours
USD Coin $1.00 or 0.00 per cent achieve within the final 24 hours
BNB $289.93 or 2.68 per cent loss within the final 24 hours
Binance USD $1.00 or 0.05 per cent achieve within the final 24 hours
XRP $0.3339 or 2.71 per cent loss within the final 24 hours
Cardano $0.4405 or 4.28 per cent within the final 24 hours
Solana $34.10 or 4.07 per cent loss within the final 24 hours
Dogecoin $0.06588 or 4.95 per cent loss within the final 24 hours
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