Home > web3.0 > Bitcoin (BTC), the world's oldest and most valued cryptocurrency, dipped down to $58,000 mark, seeing a heavy decline over the weekend due to lack of buyers.

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, dipped down to $58,000 mark, seeing a heavy decline over the weekend due to lack of buyers.

王林
Release: 2024-08-19 15:21:12
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Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and losses across the board as the overall Market Fear & Greed Index stood at 43 (Neutral) out of 100, as per CoinMarketCap data.

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, dipped down to ,000 mark, seeing a heavy decline over the weekend due to lack of buyers.

Bitcoin price dipped down to the $58,000 mark on Monday morning, registering a 1.47 percent loss over the past 24 hours. According to CoinMarketCap data, the world’s oldest cryptocurrency saw a low of $57,866.23 and a high of $59,161.06 over the past 24 hours. Among other popular altcoins, Ethereum price saw a mix of minor gains and losses across the board.

As per CoinMarketCap data, the global crypto market cap stood at $2.07 trillion at the time of writing, registering a 24-hour dip of 0.47 percent. The volume of all stables stood at $80.83 billion, marking a 24-hour rise of 6.64 percent.

Bitcoin price today in India stood at Rs 49.14 lakh, as per Indian cryptocurrency exchange CoinDCX. Good Returns data showed that BTC price saw a 24-hour low of Rs 48.86 lakh and a high of Rs 49.72 lakh. According to CoinGecko data, Bitcoin price saw a 24-hour gain of 1.1 percent.

Among other top cryptocurrencies, here’s how prices fared over the past 24 hours, as per CoinMarketCap data:

Ethereum price today stood at $2,635.52, marking a 1.26 percent gain at the time of writing. According to Indian exchanges, ETH price stood at Rs 2.21 lakh.

Dogecoin price today saw a 24-hour dip of 1.82 percent, currently priced at $0.1003. Dogecoin price in India stood at Rs 8.42.

Shiba Inu price today saw a 24-hour loss of 1.68 percent. At the time of writing, SHIB was priced at $0.00000803.

Litecoin price today saw a 24-hour loss of 1.73 percent, currently trading at $66.43. LTC price in India stood at Rs 5,576.51.

Stellar Lumens (XLM) price today saw a 24-hour gain of 0.26 percent, priced at $0.3646 at the time of writing.

Chainlink price today saw a 24-hour loss of 1.33 percent. At the time of writing, LINK was priced at $28.13.

PancakeSwap price today saw a 24-hour gain of 2.28 percent. At the time of writing, CAKE was priced at $36.13.

Solana price today stood at $143.09, marking a 24-hour jump of 1.21 percent. SOL price in India stood at Rs 12,195.12.

Ripple price today stood at $0.5671, seeing a 24-hour gain of 0.20 percent. Ripple price in India stood at Rs 47.21.

Among other altcoins over the past 24 hours, Toncoin (TON) emerged to be the biggest gainer, with a 24-hour jump of over 6 percent, followed by Notcoin (NOT) and Klaytn (KLAY), which saw gains of 6.39 percent and 6.09 percent, respectively. dYdX (Native) (DYDX) and Conflux (CFX) also emerged among the top gainers, with gains of 5.31 percent and 4.39 percent, respectively.

Meanwhile, Injective (INJ) became the biggest loser, with a 24-hour dip of nearly 4 percent. Other top losers included Ondo (ONDO), Stacks (STX), THORChain (RUNE), and MANTRA (OM), which saw losses of 3.64 percent, 3.44 percent, 2.82 percent, and 2.71 percent, respectively.

Crypto exchanges on current market scenario

“Bitcoin traded at the $58,000 level over the weekend due to uncertainty in the market creating a lack of buying momentum. Additionally, there has also been a selling pressure the last week. Currently, buyers are struggling to push and hold the price above the $60,000 level. BTC is far from the key levels, the volume has dropped which means neither bulls nor bears are ready for a sharp move. In this case, BTC might trade sideways between $58,000 and $61,000 levels for the next few days. On

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