Cryptocurrency Prices Today: On August 27, BTC waned to the $62K price level. Altcoins mainly witness a bearish action. DOGS & NOT crash.
Cryptocurrency Prices Today, August 27: The broader market generated a torrent of investor concerns today as the global crypto market cap dipped 1.83% in value to $2.21 trillion. Bitcoin (BTC) price waned to the $62K price level in the past 24 hours, followed by Ethereum (ETH), Solana (SOL), and XRP trading dominantly zone in the red zone.
Further, TON-based DOGS and Notion (NOT) prices crashed severely today. However, the total market volume saw a 27.24% increase in value to $65.61 billion.
Here’s a brief report on the top cryptocurrencies by market cap and their price action today.
Cryptocurrency Prices Today Raise Investor Concerns
Bitcoin Price Today
BTC price chart illustrated a nearly 2% decline in value to trade at $62,954 today. The coin’s 24-hour lows and highs were $62,685.82 and $64,227.81, respectively.
This slumping action comes despite Bitcoin ETFs recording $202.5M worth of inflows as of August 26, sparking speculations. Also, it’s worth noting that BlackRock added significant BTC ETF shares to its Strategic Global Bond Fund recently, underscoring rising institutional adoption for the flagship crypto.
Despite the abovementioned bullish factors, BTC price trades in the red today. However, the coin’s dominance increased by 0.05% to 56.31%, hinting that alts today comparatively take more heat.
Ethereum Price Today
ETH price sunk 2% in the past 24 hours to reach $2,687. Its intraday lows and highs were $2,668.89 and $2,752.97, respectively.
U.S. spot Ethereum ETFs recorded $13.23 million worth of inflows as of August 26, per data by Soso Value. The sluggish ETFs momentum further aligns with the coin’s current price trajectory.
Media spotlights a significant ETH whale dump, validating the current slumping action. However, speculations of an Ethereum price breakout to $5000 as
Solana Price Today
Mirroring the broader cryptocurrency prices today, even SOL’s price fell 1.5% over the past day to $158. Solana’s 24-hour lows and highs were $155.88 and $161.91, respectively. The coin’s 24-hour trading volume surged 26% to $2.53 billion today. However, the market cap noted a decline to $73.77 billion.
XRP Price Today
Simultaneously, XRP price slipped 0.71% to trade at $0.5934 today. Its intraday lows and highs were recorded as $0.5804 and $0.5993, respectively.
In light of the Ripple-backed crypto’s controversial nature and recent legal developments, an XRP documentary is set to be released on Amazon and Apple TV coming November.
Meme Coins Performance Today
Meanwhile, Dogecoin (DOGE) price tanked nearly 3% in the past 24 hours to $0.1056. Similarly, Shiba Inu (SHIB) price cracked 3% to $0.00001466. This waning movement aligns with today’s broader market trend.
Even Pepe coin (PEPE), FLOKI, and dogwifhat (WIF) prices plummetted 1%-7% today.
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