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Cryptocurrency price today: Cryptocurrency markets recovered during Wednesday, August 24th, and traded in green after remaining red during the early hours of the day. Cryptocurrency traders and investors remained nervous as they awaited cues from Federal Reserve Chairman Jerome Powell’s monetary policy speech later this week and his views on a rate hike.
Data from CoinMarketCap showed that the global cryptocurrency market on the day was trading slightly up 2 percent, up $1.03 trillion at the time of writing. Bitcoin, Ethereum and other major cryptocurrencies have made slight gains over the past 24 hours.
The cryptocurrency market in general remained neutral as investors await the Federal Reserve’s speech on monetary policy on Friday. Heavyweight cryptocurrencies such as Bitcoin and Ethereum saw marginal gains along with popular currencies such as AVAX, SOL and DOGE. “Markets will continue to remain in a stable phase until the end of this week and may move upwards with some positive news from the Federal Reserve on easing monetary policy,” said Shivam Thakral, CEO of BuyUcoin.
Data retrieved from CoinMarketCap showed that the price of bitcoin today at the time of writing was $21,426.82, up 1.22 percent over the past 24 hours. In the past seven days, bitcoin prices have fallen by 12.04 percent.
“Bitcoin bounced back from the $21,000 level after buyers confirmed their strength. If BTC can break through the current level, there are chances of seeing a breakout of the last resistance at $21,774,” said Edul Patel, CEO and co-founder of Mudrex.
On the other hand, today Ether is up 3.63 percent at the time of writing to the $1,644.05 level, according to data from CoinMarketCap. The data showed that Ether prices fell over the past week by 15.47 percent.
“Ethereum also made a false breakout of the $1600 level. If the price can hold above this vital level, the bulls have a chance to seize the initiative. The next critical level for ETH will be $1700,” Patel added.
Here are the top 10 cryptocurrencies and their prices on August 24, Wednesday (data from coinmarketcap.com at the time of this article)
Bitcoin $21,426.82 or 1.22% gain in the past 24 hours
Ethereum $1,644.05 or 3.63 percent gain in the last 24 hours
Earn $1.00 or 0.02 percent in the last 24 hours
USD Coin 1.00 USD or 0.00% loss in the last 24 hours
BNB $298.22 or 00.35% gain in the last 24 hours
Binance gains $1.00 or 0.01 percent over the past 24 hours
XRP $0.3442 or 2.65 percent gain in the last 24 hours
Cardano $0.4607 or 2.60 percent gain in the last 24 hours
Solana $35.26 or 1.45 percent gain in the last 24 hours
Dogecoin $0.06795 or 2.99 percent over the past 24 hours
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