Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $60,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 55 (Neutral) out of 100, as per CoinMarketCap data. The THORChain (RUNE) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 12 percent. SUI became the biggest loser, with a 24-hour dip of over 2 percent.
The global crypto market cap stood at $2.14 trillion at the time of writing, registering a 24-hour gain of 2.29 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $60,869.24, registering a 24-hour jump of 2.99 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.07 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,744.11, marking a 24-hour gain of 4.02 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.39 percent, as per CoinMarketCap data, currently priced at $0.1057. Dogecoin price in India stood at Rs 8.53.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.74 percent. At the time of writing, it was trading at $62.06. LTC price in India stood at Rs 5,083.21.
Ripple (XRP) Price Today
XRP price stood at $0.5771, seeing a 24-hour gain of 2.13 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $145.35, marking a 24-hour jump of 0.29 percent. SOL price in India stood at Rs 11,966.13.
Top Crypto Gainers Today (August 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
THORChain (RUNE)
Price: $3.67
24-hour gain: 12.42 percent
Fantom (FTM)
Price: $0.3727
24-hour gain: 8.70 percent
Celestia (TIA)
Price: $6.09
24-hour gain: 8.70 percent
Aptos (APT)
Price: $6.77
24-hour gain: 8.28 percent
Ethena (ENA)
Price: $0.3403
24-hour gain: 7.70 percent
Top Crypto Losers Today (August 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sui (SUI)
Price: $0.9426
24-hour loss: 2.01 percent
Sei (SEI)
Price: $0.2864
24-hour loss: 1.83 percent
Bitcoin Cash (BCH)
Price: $346.55
24-hour loss: 1.22 percent
Filecoin (FIL)
Price: $3.65
24-hour loss: 1.16 percent
Jupiter (JUP)
Price: $0.8013
24-hour loss: 1.03 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has begun a recovery, climbing back above the $60,000 mark. BTC successfully surpassed resistance levels at $59,500 and $60,000, and it’s now approaching the $61,500 resistance zone. Buyers are actively purchasing at support levels, taking advantage of the dip. However, if BTC struggles to break through the $61,500 mark, it may face another decline, with the next key support level at $59,650.”
CoinSwitch Markets Desk noted, “As the overall markets awaits the inflation figures from the United States, BTC reached 61.5k USD levels while maintaining a 56% dominance on this 2.1 trillion industry. Stronger-than-expected inflation data could be bullish for Bitcoin. Conversely, if inflation figures come in lower than anticipated, the Federal Reserve may be less likely to lower interest rates in the near term, potentially leading to a bearish market reaction. In addition to this, US presidential candidate Donald Trump and Elon Musk organised a twitter space yesterday, where there was no mention of crypto or bitcoin from these leaders who are usually pro-crypto. This reaction was a bit unexpected by the market.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin and Ethereum have rallied 8% in the past week, reaching $61K and $2.7K respectively. Bitcoin is increasingly moving off centralized exchanges into cold wallets, a trend amplified by sustained institutional buying. This shift indicates a growing belief in Bitcoin’s long-term value and could potentially fuel a substantial price increase. Trader interest in altcoins has spiked, driven by recent price surges. RUNE, FTM, and TIA have led the rally, each climbing over 8% in the past 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Both Bitcoin and Ethereum posted gains on Tuesday as investors awaited key US economic data that could influence Federal Reserve policy. At 14:37 IST, Bitcoin was up 3% in the last 24 hours to trade near $61,000, while Ethereum, the second largest cryptocurrency by market cap, was up 2.5%. Key economic reports this week include the US Producer Price Index (PPI) for July, released later on Tuesday, and the US Consumer Price Index (CPI) for July, expected on Wednesday. CPI is expected to show a month-on-month inflation increase of 0.2%. In addition, retail sales data will be released on Thursday.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin’s surge to $60,000 was driven by favourable political developments and increasing institutional interest. The approval of Bitcoin exchange-traded funds (ETFs) and a notable increase in stablecoin volumes drive this trend. The ongoing institutional adoption and regulatory clarity will likely bolster investor confidence and drive further growth. Bitcoin’s dominance has climbed to 56.29%, reflecting a 0.35% increase from yesterday, showcasing its continued strength in the market. The global crypto market has surged to $2.14 trillion, marking a 2.89% increase in just 24 hours.”
CoinDCX Research Team told ABP Live, “The crypto market saw an uptick as the U.S. PPI data came in lower than expected, which is bullish for the market. The focus now shifts to the U.S. CPI data, set to be released today. Notably, during the last CPI data release, the market experienced a significant upside. Bitcoin has crossed $61,000, and Ethereum is above $2,700, both showing bullish technical signs. Altcoins also recovered as Bitcoin moved upward, indicating overall market strength.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.