Cryptocurrency Price Today: Bitcoin Manages To Rise Above $20,000, Ethereum Sees Nearly 6 Percent Gain

Bitcoin (BTC), the world’s oldest and most-valued cryptocurrency, showed slow signs of recovery early Tuesday morning following a massive dip that saw its value plunge below $20,000 over the weekend. Alongside, most of the popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) saw minor gains in the last 24 hours. Among lesser-known altcoins, the Lido DAO (LDO) token emerged to be the biggest gainer with a 24-hour jump of over 13 percent. 

At the time of writing, the global crypto market cap stood at $979.87 billion as per CoinMarketCap data, registering a 24-hour gain of 2.85 percent. 

Bitcoin (BTC) price today

BTC was priced at $20,217.58 at the time of writing. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 1.72 percent. As per Indian exchange WazirX, BTC price stood at Rs 16.88 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,538.90, marking a 24-hour gain of 5.87 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.28 lakhs.

Dogecoin (DOGE) price today

DOGE registered a 24-hour gain of 2.31 percent as per CoinMarketCap data, currently priced at $0.06347. As per WazirX, Dogecoin price in India stood at Rs 5.44.

Litecoin (LTC) price today

Litecoin saw a 24-hour gain of 0.28 percent. At the time of writing, it was priced at $55.38. LTC price in India stood at Rs 4,452.66.

Ripple (XRP) price today

XRP price stood at $0.3296, seeing a 24-hour gain of 1.78 percent. As per WazirX, Ripple price stood at Rs 27.61.

Solana (SOL) price today

Solana price stood at $32.23, marking a 24-hour gain of 4.60 percent. As per WazirX, SOL price in India stood at Rs 2,899.99.

Top crypto gainers today (August 30)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Lido DAO (LDO)

Price: $1.84
24-hour gain: 13.06 percent

Flow (FLOW)

Price: $1.92
24-hour gain: 11.63 percent

Compound (COMP)

Price: $49.82
24-hour gain: 11.43 percent

Synthetix (SNX)

Price: $3.38
24-hour gain: 10.47 percent

Maker (MKR)

Price: $809.04
24-hour gain: 7.70 percent

Top crypto losers today (August 30)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

eCash (XEC)

Price: $0.00004851
24-hour loss: 6.70 percent

Klaytn (KLAY)

Price: $0.2345
24-hour loss: 0.45 percent

Pax Dollar (USDP)

Price: $1.00
24-hour loss: 0.14 percent

Neutrino USD (USDN)

Price: $0.9808
24-hour loss: 0.11 percent

TrueUSD (TUSD)

Price: $1
24-hour loss: 0.04 percent

What crypto exchanges are saying about the crypto market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin gained some profits in the past 24 hours as the market slightly rebounded after an increase in selling pressure over the weekend. BTC bounced back to the $20,000 level after dipping to $19,000 over the weekend. It might take some time for BTC to get back as it has not accumulated the power to make an upward move. The price of BTC is mainly affected by the recent hawkish US Federal Reserve’s comments and the upcoming Ethereum Merge.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Monday seems quite unstable for the crypto market with lots of fluctuations by the minute, and it still ended up in red. For example, the drop is generally as huge as 30 percent as compared to two weeks ago prices in spite there were more than half of the days when the candles were green, hence showing the drops are faster than gains. Hence, the green days must be taken with a pinch of salt. Today, Bitcoin gained 0.6 percent, whereas Ethereum gained 3.5 percent. Around 80 percent of the top 100 coins gained an average of 2-5 percent, and the remaining ones fell for not more than 1 percent. The next couple of days is expected to slang higher, around 2-4 percent.”

weTrade founder Prashant Kumar offered his take on the market scenario as well, “Cryptocurrencies looked to regain some lost ground with the global market cap seeing a rise of approximately 2.5 percent on Tuesday. The two major coins — Bitcoin and Ethereum — saw some increase in the last 24 hours, with Bitcoin crossing the $20,000 threshold that it lost over the weekend and Ethereum standing at approximately $1,500. Other cryptocurrencies like Solana, Iron, and Dogecoin also saw some spike in the last 24 hours. While there may have been a temporary spike, global economic factors continue to play a role and the next month could see a continued bearish sentiment.”

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.

This news is republished from another source. You can check the original article here.

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