BTC crosses $60,000, Fantom (FTM) gains 17%

Cryptocurrency prices today, August 22, 2024: The crypto market has sparked investor speculation across the world today, showing mixed price movements. However, recent key market events have cast a glimmer of hope for the long-term outlook. The dovish FOMC meeting minutes suggested that the chances of a Fed rate cut in September have increased significantly. Moreover, the global crypto market cap recorded a 1.08% increase today to $2.12 trillion.

Bitcoin (BTC) price reacted positively and managed to stay above $60,000 again, while ETH crossed the $2,600 mark. However, Solana (SOL) and XRP were in the red today, although Fantom (FTM) was among the biggest gainers of the day.

The total crypto market volume increased by 6.15% to $68.6 billion. So let’s take a closer look at some of the leading cryptocurrencies by market cap and their price movements today, August 22nd.

Cryptocurrency prices today (August 22)

Bitcoin price today

BTC price was trading at $60,483 today, up nearly 2% in the last 24 hours. Bitcoin's intraday lows and highs were recorded at $58,893 and $61,834, respectively. The rising price action is primarily in line with the $39.42 million inflows into Bitcoin ETFs as of August 21, according to Soso Value data. In addition, Bitcoin's dominance was at 55.97% today, up 0.23% from the previous day.

As mentioned above, BTC seems to have responded positively to the expected Fed rate cuts in September. Moreover, Whale Alert data revealed massive BTC on-chain movements by crypto market whales, making matters even more exciting.

Ethereum price today

ETH price rose by almost 1% over the past day to trade at $2,615. Ethereum's 24-hour lows and highs were $2,539 and $2,663, respectively.

The cryptocurrency continued its uptrend shortly after Vitalik Buterin’s post saying “Ethereum is good.” ETH’s market cap today was $314.73 billion.

Solana price today

SOL price was at $141.66 today, down 0.5% in the last 24 hours. The intraday lows and highs were recorded at $139 and $144 respectively. Notably, Solana's market cap was at $2.01 billion today. The coin is facing turmoil due to setbacks in the Solana ETF launch.

XRP price today

Ripple's XRP showed a very turbulent movement over the past day, trading in both red and green zones. Today, XRP price was at $5939, down 0.21%. Its 24-hour lows and highs were recorded at $0.5868 and $0.6053, respectively.

Meme Coins Prices Today

The price of Dogecoin (DOGE) increased by 1.78% to $0.1054 in the last 24 hours. At the same time, the price of Shiba Inu (SHIB) increased by 2.87% to $0.00001406.

Moreover, even the prices of Pepe Coin, Dogwifhat (WIF), and BONK increased by 1-3% today.

The biggest winners of cryptocurrencies today

1. Fantom (FTM)

FTM price rose by 17% to trade at $0.4646 today. Its 24-hour lows and highs were recorded at $0.3949 and $0.4689, respectively.

2. Beam (BEAM)

BEAM price rose 15% today to reach $0.01528. Its intraday lows and highs were $0.01332 and $0.01531, respectively.

3. Polygon (MATIC)

MATIC price also rose by 15% over the past day to trade at $0.5349. Its 24-hour lows and highs were $0.4667 and $0.5394, respectively.

The price increase comes on the back of a whopping 7.5% increase in the asset's TVL to $916.70 million since the start of the year. Additionally, a major network update scheduled for September 4 has sparked optimism about the asset's price trajectory.

4. BitTorrent (BT)

BTT price rose by 11.5% today to reach $0.0000009442. Its 24-hour lows and highs were $0.0000008364 and $0.000001004, respectively.

The biggest cryptocurrency losers today

1. Helium (HNT)

HNT price fell 7% over the past day to reach $6.84. The 24-hour low and high values ​​were $6.67 and $7.43, respectively.

2. TRON (TRX)

TRX price fell by 6.45% over the past day to trade at $0.1495. Its 24-hour lows and highs were $0.1495 and $0.1656, respectively.

3. Sui (SUI)

SUI price was at $0.8486, down 3% from the last day. The coin's intraday lows and highs were $0.8357 and $0.8801, respectively.

4. Zcash (ZEC)

ZEC price was at $41.19, down 3% from the last day. The 24-hour lows and highs were at $41.01 and $42.99, respectively.

Overall, cryptocurrency prices have generated both bullish and bearish market sentiments across the globe today, primarily due to the mixed price movements reflected in the tokens.

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Coingape Staff

CoinGape is comprised of an experienced team of homegrown content writers and editors who work around the clock to cover news around the world and present it as facts, not opinions. CoinGape writers and reporters contributed to this article.

Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Conduct market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.