Cryptocurrency Prices Today (August 22): Bitcoin regains hold above $60K. Ethereum tops $2,600. Fantom emerges among the day’s top gainers.
Cryptocurrency Prices Today, August 22, 2024: The crypto market today has sparked investor speculations globally, illustrating mixed price actions. However, recent key market events have projected a ray of optimism on long-term prospects.
The dovish FOMC meeting minutes hinted that chances of a Fed rate cut in September have risen substantially. Further, the global crypto market cap witnessed a 1.08% increase to $2.12 trillion today.
Bitcoin (BTC) price reacted positively to regain a hold above $60K, whereas ETH crossed $2,600. However, Solana (SOL) and XRP traded in the red zone today, although Fantom (FTM) surfed along the day’s top gainers.
The total crypto market volume saw a 6.15% upswing to $68.6 billion. So, let’s take a closer look at some of the leading cryptocurrencies by market cap and their price movements today, August 22.
Cryptocurrency Prices Today (August 22)
Bitcoin Price Today
BTC price rested at $60,483 today, a nearly 2% increase in the past 24 hours. Bitcoin’s intraday lows and highs were recorded as $58,893 and $61,834, respectively. The pumping price movement primarily aligns with $39.42 million inflows in Bitcoin ETFs as of August 21, per Soso Value data. Further, Bitcoin’s dominance stood at 55.97% today, a 0.23% increase over the past day.
As mentioned above, BTC appears to have reacted positively concerning the anticipation of Fed rate cuts in September. Moreover, Whale Alert’s data revealed massive BTC on-chain movements by crypto market whales, adding a layer of intrigue to the matter.
Ethereum Price Today
ETH price gained nearly 1% over the past day to trade at $2,615. Ethereum’s 24-hour lows and highs were $2,539 and $2,663, respectively.
The cryptocurrency reinforced a bullish trajectory soon after Vitalik Buterin’s post, stating, “Ethereum is good.” ETH market cap stood at $314.73 billion today.
Solana Price Today
SOL price rested at $141.66 today, a 0.5% decrease in the past 24 hours. Its intraday lows and highs were recorded as $139 and $144, respectively. Notably, Solana’s market cap rested at $2.01 billion today. The coin encounters turbulence amid setback for Solana ETF launch.
XRP Price Today
Ripple’s XRP illustrated a highly turbulent movement over the past day, trading both in red and green territories. XRP price rested at $5939, a 0.21% decrease today. Its 24-hour lows and highs were recorded as $0.5868 and $0.6053, respectively.
Meme Coins Prices Today
Dogecoin (DOGE) price gained 1.78% in the past 24 hours to $0.1054. Simultaneously, Shiba Inu (SHIB) price pumped 2.87% to $0.00001406.
Moreover, even Pepe coin, dogwifhat (WIF), and BONK prices surged 1%-3% today.
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