Cryptocurrency price today: The global cryptocurrency market on Wednesday, August 17th remained largely flat as most cryptocurrencies remained around key intraday support levels amid the general restoration of the markets stability. Cryptocurrencies are currently seeing better moves in the market, as investors have finally broken out of the area of extreme fear and subsequently started trading these digital assets.
The cryptocurrency market capitalization reached $1.14 trillion, down 0.04 percent in the past 24 hours, according to the data. On the other hand, trading volumes witnessed a decrease of 0.05 percent on the day as it settled at $68.60 billion.
“Most cryptocurrencies are hovering around key support levels. It indicates consolidation across the market. Such consolidations are usually a good sign for the market as they allow participants to build momentum for an upward movement. The Bank of Russia is targeting the full launch of the digital ruble in 2024. A draft document revealed that the Bank of Russia is targeting the full launch of the digital ruble in 2024. Russia aims to gradually connect all credit institutions to the digital ruble platform using smart contracts,” said Edul Patel, CEO and co-founder of Modrex.
Today’s Bitcoin price is down 1.03 percent in the past 24 hours to stand at $23,789.72 according to CoinMarketCap data while writing this article. The immediate support level is near the $23,500 area, below which the price may gain bearish momentum. In the past seven days, bitcoin prices are up 3.44 percent, according to the data.
However, the price of Ethereum rose slightly during the day, staying well above the $1800 level it reached earlier in the week. Data from CoinMarketCap showed that the price of Ether today at the time of writing was $1,889.69, down 0.34 percent over the past 24 hours. According to the data, Ether has gained more than 30 percent in the past seven days.
Here are the top 10 cryptocurrencies and their prices on August 17, 2022, Wednesday (according to data from coinmarketcap.com)
Bitcoin $23,789.72 or 1.03% loss over the past 24 hours
Ethereum $1,889.69 or 0.34 percent gain in the last 24 hours
Assess a loss of $1.00 or 0.02 percent in the last 24 hours
USD Coin 0.9997 USD or 0.04 percent loss in the last 24 hours
BNB $315.66 or 0.62 percent loss in the last 24 hours
Cardano $0.5603, or 1.24 percent loss over the past 24 hours
XRP $0.378 or 0.51 percent over the past 24 hours
Binance $1.00 or 0.03 percent loss in the last 24 hours
Solana $43.20, or 1.03 percent loss in the past 24 hours
Dogecoin $0.08473 or 3.76 percent gain in the last 24 hours