The crypto prices have started a rally today, igniting optimism across the market. Following a brief downtrend yesterday, the market has resurged by considerable amounts. Consequently, the global crypto market cap has jumped by 2.35% to $2.15 trillion in the last 24 hours.
Also, investorsâ confidence has increased over time as noted by the crypto fear and greed index. As of today, Alternative data shows that the sentiment surrounding the market, recorded in points between 1-100, increased from 26 yesterday to 39 today even though it still signifies âfear.â Below is an overview of how the crypto market has reacted in the last 24 hours.
Source: Alternative Top Crypto Prices Today
The price of Bitcoin has rallied over the last day. According to CoinMarketCap data, BTC jumped by 2.55% at the time of writing to trade at $61,064. Additionally, Bitcoin has traded within the range of $58,985.75 and $61,830 in the last 24 hours. Amid the rally, Bitcoin exchange-traded fund (ETF) saw a $39.42 million daily total net inflow as of Aug 21 according to Soso Value data.
Bitcoin has seen an increase in whale activities and a notable rise in buying pressure over the last few days. Notably, Galaxy Digital acquired about 1,380 BTC in two days, increasing its reserve and cementing its position as the second-largest corporate Bitcoin holder globally.
Ethereum has taken the same path, exhibiting growth over the last day. Per CMC data, the price of ETH spiked by 1.96% to trade at $2,635 at press time. However, its ETF continues to see negative flows, recording -$17.97 million in total daily flows as of August 21. Ethereum touched the bottom and top of $2,546.28 and $2,657 respectively in the last 24 hours.
Top Altcoin Prices
The price of SOL increased by 1.10% at the time of writing to trade at $143. Additionally, Solana saw a low and high of $139.07 and $144 respectively. XRP also spiked within the last day. CMC data shows that the price of XRP added 0.63% to trade at $0.5991. Its 24-hour lows and highs were recorded at $0.5871 and $0.6052.
The fourth-largest cryptocurrency Binance Coin (BNB) has seen the most gains among the top 10 cryptocurrencies. A the time of writing, the coin increased by 4.03% to trade at $578.95 and maintained a 24-hour range of $546.91 and $579.43 respectively.
Source: CoinMarketCap
Toncoin (TON) declined by 2.09% to $6.52 as of writing, having one-day lows and highs of $6.47 and $6.76. TRON (TRX) has lost steam after rallying on the news of its memecoin ecosystem SunPump gaining traction with the surge of the SUNDOG coin. Consequently, TRX has dropped by 5.70% in the last 24 hours to change hands at $0.1545.
In the memecoin sector, Dogecoin (DOGE) and Shiba Inu (SHIB) increased over the last day. While DOGE added 2.43%, SHIB increased by 4,04%. As a result, DOGE and SHIB traded at $0.1062 and $0.00001424 respectively. Earlier today, Coinfomania reported the increase in the SHIB burn rate as the ecosystem celebrates the first anniversary of the layer 2 blockchain solution, Shibarium.
Top Trending Crypto Gainers Today
Meson Network (MSN) skyrocketed by 21.62% to reach $0.128
io.net (IO) gained 10.51% to $1.81
Polygon (MATIC) moved up by 9.73% to $0.5178
Aevo (AEVO) surged 9.21% to $0.3818
Artificial Superintelligence Alliance (FET) added 7.95% to $0.9684
The post Crypto Price Update August 22: BTC Climbs $61K, ETH Leads Altcoin Rally as TRX Losses Steam appeared first on Coinfomania.
