Crypto prices today see bullish movement amid talks of a potential Fed rate cut looming over the horizon. BTC & Altcoins trade in the green amid stablecoin inflows.
The crypto prices today have carried an unprecedented bullish movement, igniting investor enthusiasm globally. Bitcoin’s (BTC) price reattained the $61K mark amid Fed’s rate cut expectations. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP traded in the green territory, in line with the broader market trend.
The global crypto market cap was up 1.71% to $2.13 trillion today. However, the total market volume saw a 20.56% decline in value to $65.19 billion.
Here’s a brief overview of some leading cryptocurrencies by market cap and their price action today, August 14.
Crypto Prices Today
Bitcoin Price
The BTC price chart illustrated gains worth 3.54% over the past day to finally rest at $61,153.73. Its 24-hour lows and tops were recorded as $58,506.25 and $61,572.40, respectively.
This pumping price movement comes against the backdrop of Fed’s Raphael Bostic’s recent statements on the state of the U.S. economy. Notably, Bostic, Federal Reserve Bank of Atlanta President, hinted at slowing inflation nationwide and potential U.S. Fed rate cuts ahead. These statements appear to have had a positive impact on the broader market.
Meanwhile, the pumping trajectory also aligns with $38.94 million inflows in Bitcoin ETFs as of August 13, per data by Soso Value. Also, BTC’s dominance stood at 56.32% today, a 0.37% increase over the past day.
Also, it’s worth noting that Bitcoin traders are anticipating a potential bullish impact, primarily attributable to $2.5 billion stablecoin inflows over the past week.
Ethereum price
The crypto ETH price saw a 2.24% increase in value to reach $2,717.35 today. Its 24-hour bottoms and tops were recorded as $2,613.80 and $2,734.24, respectively.
Ethereum’s pumping movement aligns with $24.3 million inflows in ETH ETFs as of August 13, per data by Farside UK. Ethereum’s market cap stood at $326.26 billion today.
Solana Price
Simultaneously, the SOL price witnessed a 1.46% upswing in value over the past day to trade at $145.52. Its 24-hour bottoms and peaks were recorded as $143.15 and $149.61, respectively.
XRP Price
The XRP price noted gains worth 1.13% over the past day to trade at $0.5793. Its 24-hour lows and highs are $0.5649 and $0.5831, respectively.
Notably, the Bitnomial exchange recently filed for an XRP futures listing. This development has fueled further investor enthusiasm for the Ripple-backed token.
DOGE & SHIB Prices
Dogecoin’s (DOGE) price witnessed a 1.27% upswing over the past day to $0.1058.
Similarly, Shiba Inu’s (SHIB) price saw a 1.16% increase in the past 24 hours to reach $0.00001381.
Meanwhile, Pepe coin (PEPE), dogwifhat (WIF), and Bonk soared 1%-3%.
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