The crypto prices in the market today have lost the steam generated from the rally yesterday. At the time of writing, the majority of the cryptocurrencies are trading in the red zone, igniting tension among crypto investors. Moreover, the investor’s confidence in the market has dropped over the last 24 hours, as evident in the crypto fear and greed index.
Notably, Alternative data shows that the positive sentiment dropped by a notable 7 points, from yesterday ’55’ to ’48’ today, reflecting ‘neutral’ emotions. Consequently, the total crypto market cap fell by 1.80% to $2.2 trillion. Below is a brief overview of the crypto market and how the top 10 coins performed over the last day.
Source: Alternative Top Crypto Prices Today
The Bitcoin price has seen a notable decline in the last 24 hours. After peaking at almost $64k yesterday, the value of the asset has lost 1.21% according to data from CoinMarketCap to trade at $62,838. Moreover, Bitcoin traded between the range of $62,692.90 and $63,999.53 over the last day. In the weekly chart, BTC still enjoys a 3.20% increase. Also, Bitcoin ETF has continued its daily positive flow streak. Per Soso Value data, BTC ETF saw a $202.51 million daily total net inflow as of August 26.
Ethereum, the second-largest crypto by market cap, has led the global altcoin in significant declines. Per CMC data, ETH lost 1.87% of its value at the time of writing to change hands at $2,686. The hype around Ethereum ETF seems to be fading out as it continues to record negative flows since last week. Soso Value data shows that the ETF product saw a total daily net inflow of -$13.23 million. Notably, ETH traded between the range of $2,668.84 and $2,747.22 in the last 24 hours.
Other Altcoin Prices
The fifth-largest cryptocurrency, Solana dropped marginally by 0.62% at press time to trade at $158.12. Additionally, the price of Solana saw a low and high of $156.21 and $161.78 respectively. Meanwhile, XRP dropped within the last day. CMC data shows that the price of XRP slipped by 0.78% to trade at $0.5903. Its 24-hour lows and highs were recorded at $0.58 and $0.5988.
Binance Coin (BNB) declined notably over the last day. At the time of writing, the coin fell by 2.02% to trade at $553.07 and maintained a 24-hour range of $546.16 and $567.38 respectively.
The hype around Tron (TRX) has also washed off. The coin recorded substantial gains over the last week fueled by the news of an increase in the Tron ecosystem energy limit and the buzz around the SUNDOG coin and SunPump ecosystem. At the time of writing, TRX plummeted by 2.18% to change hands at $0.1619 with 24-hour lows and highs of $0.1614 and $0.1683 respectively.
Meanwhile, Toncoin (TON) saw the most losses among the top 10 cryptocurrencies. The coin crashed by 4.04% to reach $5.40. The memecoin market has shown notable losses in the last 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins have declined within this time. While DOGE lost 2.71%, SHIB declined by 1.62%. Thus, DOGE and SHIB traded at $0.1061 and $0.00001472 respectively.
Top Trending Crypto Gainers Today
DOGS (DOGS) skyrocketed by 138.16% to reach $0.00129
VITE (VITE) gained 20.92% to $0.02300
Phala Network (PHA) moved up by 12.89% to $0.1310
Cream Finance (CREAM) surged 9.15% to $23.55
VIDT DAO (VIDT) added 8.06% to $0.043
The post Crypto Price Update August 27: BTC Drops to $62K, ETH, XRP, and Global Altcoin Prices Plummets appeared first on Coinfomania.
