Crypto Market Prices Today Retain Gains

The crypto market prices today have mainly maintained an upward trajectory, igniting optimistic sentiments among traders and investors. Bitcoin (BTC) price maintained a break above $60K

Cryptocurrency prices remained largely upbeat on August 23, igniting optimistic sentiments among traders and investors. Bitcoin (BTC) price maintained a break above $60K, while Ethereum (ETH), Solana (SOL), and XRP traded in the green territory. AAVE and AI coins also emerged among the day’s top gainers.

Meanwhile, the global crypto market cap surged 1.03% over the past day to $2.15 trillion. However, the total crypto market volume witnessed a 16.57% decline to $57.51 billion, sparking speculations.

So, let’s take a closer look at the some of the highest-ranking crypto by market cap and their price movements today, August 23.

Crypto Prices Today Retain Gains

Bitcoin Price Today

BTC price rested at $60,612 today, a slight 0.21% gain recorded after a highly turbulent trading session in the past 24 hours. Its intraday lows and highs were $60,141.54 and $61,408.11, respectively.

Notably, Bitcoin transaction fees spiked from a 0.5 low to 60 BTC on an hourly basis, as spotlighted by CryptoQuant researcher Julio Moreno on X recently. This spike is primarily attributed to the recent surge in BTC staking transactions, capped at 1K Bitcoin. Subsequently, as the staking ended, the transaction fees eased once again.

Meanwhile, BTC’s turbulence aligns with recent market events, although it’s worth mentioning that the token showcases bullishness against the backdrop of looming Fed rate cuts in September. Moreover, BTC options trading shows signs of easing volatility for the flagship crypto. Notably, 18,000 BTC options are set to expire with a Put Call Ratio of 0.83, a Maxpain point of $60,000, and a notional value of $1.12 billion.

Bitcoin’s dominance stood at 55.65%, a 0.33% decrease over the past day. Whereas, Bitcoin ETFs recorded $64.91 million inflows as of August 22, per Soso Value data

Altogether, the current market stats for the digital asset have sparked a wave of speculation on future price movements.

Ethereum Price Today

Simultaneously, ETH price stood at $2,639, a 0.91% upswing over the past day. Ethereum’s 24-hour lows and highs were recorded as $2,592.22 and $2,652.52, respectively.

Whilst, 140,000 ETH options are set to expire with a Put Call Ratio of 0.93, a Maxpain point of $26,25, and a notional value of $370 million. Also, it’s worth noting that the ETH ETFs recorded $874.61K outflows as of August 22, sparking contrasting market sentiments on the asset.

Solana Price Today

The crypto SOL witnessed a 2.21% increase in value to trade at $144.96. Its 24-hour lows and highs were $142.01 and $145.61, respectively. Solana’s market cap rested at $67.53 billion.

Meanwhile, the coin’s 24-hour trading volume rested at $1.34 billion, a 33.23% decrease over the past day.

XRP Price Today

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