Cryptocurrency Prices Today, August 27: The broader market generated a torrent of investor concerns today as the global crypto market cap dipped 1.83% in value to $2.21 trillion. Bitcoin (BTC) price waned to the $62K price level in the past 24 hours, followed by Ethereum (ETH), Solana (SOL), and XRP trading dominantly zone in the red zone.

Further, TON-based DOGS and Notion (NOT) prices crashed severely today. However, the total market volume saw a 27.24% increase in value to $65.61 billion.

Here’s a brief report on the top cryptocurrencies by market cap and their price action today.

Cryptocurrency Prices Today Raise Investor Concerns

Bitcoin Price Today

BTC price chart illustrated a nearly 2% decline in value to trade at $62,954 today. The coin’s 24-hour lows and highs were $62,685.82 and $64,227.81, respectively.

This slumping action comes despite Bitcoin ETFs recording $202.5M worth of inflows as of August 26, sparking speculations. Also, it’s worth noting that BlackRock added significant BTC ETF shares to its Strategic Global Bond Fund recently, underscoring rising institutional adoption for the flagship crypto.

Despite the abovementioned bullish factors, BTC price trades in the red today. However, the coin’s dominance increased by 0.05% to 56.31%, hinting that alts today comparatively take more heat.

Ethereum Price Today

ETH price sunk 2% in the past 24 hours to reach $2,687. Its intraday lows and highs were $2,668.89 and $2,752.97, respectively.

U.S. spot Ethereum ETFs recorded $13.23 million worth of inflows as of August 26, per data by Soso Value. The sluggish ETFs momentum further aligns with the coin’s current price trajectory.

Moreover, a recent report by CoinGape Media spotlights a significant ETH whale dump, validating the current slumping action. However, speculations of an Ethereum price breakout to $5000 also persist, an analysis by CoinGape added.

Solana Price Today

Mirroring the broader cryptocurrency prices today, even SOL’s price fell 1.5% over the past day to $158. Solana’s 24-hour lows and highs were $155.88 and $161.91, respectively. The coin’s 24-hour trading volume surged 26% to $2.53 billion today. However, the market cap noted a decline to $73.77 billion.

XRP Price Today

Simultaneously, XRP price slipped 0.71% to trade at $0.5934 today. Its intraday lows and highs were recorded as $0.5804 and $0.5993, respectively.

In light of the Ripple-backed crypto’s controversial nature and recent legal developments, an XRP documentary is set to be released on Amazon and Apple TV coming November.

Meme Coins Performance Today

Meanwhile, Dogecoin (DOGE) price tanked nearly 3% in the past 24 hours to $0.1056. Similarly, Shiba Inu (SHIB) price cracked 3% to $0.00001466. This waning movement aligns with today’s broader market trend.

Even Pepe coin (PEPE), FLOKI, and dogwifhat (WIF) prices plummetted 1%-7% today.

Top Cryptocurrency Gainers Today

However, the crypto market saw a few gainers today, defying the broader market trend.

1. Helium (HNT)

HNT price surged 14% over the past day to trade at $7.12. The coin’s 24-hour lows and highs were $6.17 and $7.22, respectively.

2. Akash Network (AKT)

AKT price surged 11% to $3.01 today. The coin’s intraday lows and highs were $2.64 and $3.14, respectively.

3. Klaytn (KLAY)

KLAY price saw a slight 2% increase in value to $0.1748 today. The coin’s 24-hour lows and tops were $0.1654 and $0.1757, respectively.

4. Artificial Superintelligence Alliance (FET)

FET price jumoed 2% to $1.47 in the past 24 hours. Its 24-hour lows and highs were $1.30 and $1.40, respectively.

Top Cryptocurrency Losers Today

1. DOGS

The TON-based crypto DOGS price crashed 16% to $0.001335. Its intraday lows and highs were $0.001129 and $0.001856, respectively.

2. Notcoin (NOT)

NOT price plunged 11% over the past day to $0.008666. Its 24-hour lows and highs were $0.008363 and $0.009737, respectively.

3. Worldcoin (WLD)

WLD price cracked 8% in the past 24 hours to trade at $1.70. Its intraday lows and highs were $1.65 and $1.84, respectively.

4. SATS (1000SATS)

1000SATS price dipped 9% to $0.0003641 today. Its 24-hour lows and highs are $0.0003555 and $0.0003986, respectively.

Besides, the hourly time frame charts sparked optimism among traders and investors, glimmering hope for cryptocurrency prices today. BTC price gained 0.23%, whereas ETH by 0.19%, and SOL by 0.35%.

The post Cryptocurrency Prices Today Aug 27: BTC Slips To $62K, DOGS & NOT Prices Crash appeared first on CoinGape.

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Filed under: News - @ August 27, 2024 5:18 am