Cryptocurrency price today: Driven by last week’s crypto rally, the cryptocurrency market saw a profit taking on Thursday, August 18th. The market also saw a slight correction, with major cryptocurrencies including Bitcoin, Ethereum, Solana Dogecoin and others down nearly 5 percent in the past 24 hours. This came after the minutes of the last meeting of the Federal Reserve did not provide any clarification regarding the latest rate hike.
The global cryptocurrency market cap at the time of writing was $1.12 trillion, down 1.76 percent in the past 24 hours, according to the data. On the other hand, trading volumes saw a 6.31 percent drop on the day to $64.55 billion.
“Over the past 24 hours, we have seen some amount of profits booked across the crypto spectrum. This profit taking was expected following a rapid crypto-driven rally over the past week. Once the market fell, we saw a spike in trading volumes. It definitely confirms the market sentiment. “We can expect the market to remain range-bound for the next couple of days,” said Edul Patel, CEO and co-founder of Mudrex.
Bitcoin traded in the red on the day and briefly dropped below $23,500. Data retrieved from CoinMarketCap showed that the price of bitcoin today at the time of writing was $2,3501.79, down 1.14 percent over the past 24 hours. In the past seven days, bitcoin prices have fallen by 3.81 percent, in contrast to the gains made during the previous weeks.
On the other hand, today’s Ether is down 1.51 percent at the time of writing to a scale of $1,852.74, according to data from CoinMarketCap. The data showed that Ether prices rose over the past week by 0.46 percent.
“The cryptocurrency market opened the week on a promising note as the momentum built over the weekend pushed heavyweights like Bitcoin and Ether short to $25,000 and $2,000 as per the calculated stakes,” said Shivam Thakral, CEO of BuyUcoin, a cryptocurrency exchange. local coded:
He added, “The macroeconomic factors surrounding the financial markets are looking positive and the growth momentum of crypto assets is expected to continue in the coming weeks.”
Here are the top 10 cryptocurrencies and their prices on August 18, 2022, Thursday (according to data from coinmarketcap.com)
Bitcoin $23,501.79 or 1.14% loss over the past 24 hours
Ethereum $1,852.74 or 1.51 percent loss in the last 24 hours
Assess a loss of $1.00 or 0.01 percent in the last 24 hours
USD Coin $0.9999 or 0.01 percent gain in the last 24 hours
BNB $308.96 or 1.65 percent loss in the last 24 hours
XRP $0.3763 or 0.21 percent over the past 24 hours
Binance gains $1.00 or 0.00 percent in the past 24 hours
Cardano $0.5414, or 2.37 percent loss over the past 24 hours
Solana $41.19, or a loss of 3.68 percent in the past 24 hours
Dogecoin $0.08115 or 3.27 percent over the past 24 hours