Bitcoin Below $24,000 Mark; Ether, Solana Lose 5%; Full List

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Cryp­tocur­ren­cy Price Today: The glob­al cryp­tocur­ren­cy mar­ket on Tues­day, August 16, trad­ed in red as major cryp­tocur­ren­cies lost their grounds. The cryp­to mar­ket cap was stand­ing at $1.14 tril­lion, down by 3.76 per cent in the past 24 hours, as per data. How­ev­er, trad­ing vol­umes saw a 9.84 per cent decrease over the day as it stood at $75.47 billion.

“The glob­al cryp­to mar­ket cap saw a 0.35 per cent decrease over the last day. Both BTC (Bit­coin) and ETH (Ethereum) prices faced a down­side cor­rec­tion after try­ing to break the resis­tance zone,” said Edul Patel, CEO and co-founder of Mudrex.

Bit­coin trad­ed in red on the day and bare­ly held the $24,000 mark even as investors’ sen­ti­ment improved over the last few days. Bit­coin price today at the time of writ­ing this arti­cle was $23,968.54, down by 2.85 per cent over the past 24 hours, data retrieved from Coin­Mar­ket­Cap showed. In the past sev­en days, Bit­coin prices have increased by 0.55 per cent, as per the data.

“BTC declined below the USD 24,200 lev­el from USD 25,000 and might reach USD 24,000. The imme­di­ate sup­port lev­el is near the USD 23,500 zone, below which the price could gain bear­ish momen­tum,” said Patel.

“BTC is doing good and is sta­ble After break­out above the 200Weekly MA, it is hold­ing its all sup­port zone and as long as BTC holds above the 200Weekly MA which is con­sid­ered near $23000 we can con­sid­er a sta­ble rise till $29000 l. As per resis­tance lev­els there is no big resis­tance before $29200 until and unless BTC again clos­es below 200W ma only then we can observe a small down­side move­ment to $21500,” added Manoj Dalmia, founder and direc­tor of Proas­setz Exchange.

Mean­while, Ethereum stayed above the $1800 mark on Tues­day on improved sen­ti­ments. Ether price today fell by 3.99 per cent at the time of writ­ing in arti­cle to set­tle $1,872.38, showed data from Coin­Mar­ket­Cap. Over the past week, Ether prices have surged 5.68 per cent, the data fur­ther showed.

“Sim­i­lar­ly, the ETH price failed to remain above the USD 2,000 lev­el and dropped to the 1,880 lev­el. The imme­di­ate resis­tances are at USD 1,940 and USD 1,960 lev­els, above which the price might retest the USD 2,000 zone,” not­ed Edul Patel.

Here are the top 10 cryp­tocur­ren­cies and their prices on August 12, 2022, Wednes­day, (Accord­ing to data from coinmarketcap.com)

Bit­coin $23,968.54 or 2.85 per cent loss in the last 24 hours

Ethereum $1,872.38 or 3.99 per cent loss in the last 24 hours

Teth­er $1.00 or 0.00 per cent loss in the last 24 hours

USD Coin $0.9999 or 0.02 per cent gain in the last 24 hours

BNB $316.84 or 1.16 per cent loss in the last 24 hours

Car­dano $0.5523 or 2.30 per cent loss in the last 24 hours

XRP $0.3718 or 2.11 per cent loss in the last 24 hours

Binance USD $0.9999 or 0.00 per cent loss in the last 24 hours

Solana $43.16 or 4.92 per cent loss in the last 24 hours

Doge­coin $0.07928 or 0.77 per cent gain in the last 24 hours

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