Crypto Price Update August 29: BTC Climbs $59K, ETH and Major Altcoins Rally, DOGS Crash

The crypto prices in the market today are showing signs of a potential recovery. An overview of the crypto heat map shows that the major altcoins are trading in the green zone, however, a sizeable portion of the market still maintains red. This depicts mixed sentiments among investors who are hoping for an imminent overall market rally.

In the past 24 hours, the sentiment surrounding the crypto market has dropped by one point to ’29’ from yesterday’s ’30’ on the crypto fear and greed index. This indicates ‘fear’ and little or no investor confidence in the market. During this time, the total crypto market cap has added a marginal 0.94% in value to $2.1 trillion. Below is an overview of the crypto market and how the top coins have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin, the flagship cryptocurrency, has reclaimed $59,000 after trading at $58k yesterday. At the time of writing, BTC changed hands at $59,717, representing a 0.44% increase over the last day. However, Bitcoin’s one-day trading volume plummeted by over 20% to $34.9 billion, indicating reduced activities surrounding the asset. At the same time, Bitcoin ETF saw a -$105.19 million flow as of August 28 according to Soso Value data.

Leading altcoin, Ethereum has increased in value over the last day. The price of the coin spiked by 2.61% to trade at $2,552 at the time of writing. Over the last day, Ethereum has traded between the range of $2,461.86 and $2,557.01, mostly staying above the $2.5k mark. Moreover, ETH ETF saw a total daily net inflow of $5.84 million as of August 28.

Coinfomania pointed out in a report earlier today the reasons behind the Ethereum double crash in one month. According to the post, four whales collectively moved a staggering $599 million ETH coins which contributed to the price decline witnessed by the coin between July and August.

Other Altcoin Prices

Solana dropped by 1.31% at the time of writing to trade at $145.59. Additionally, the price of Solana touched the bottoms and tops of $140.96 and $148.40 respectively.

Meanwhile, XRP is still trading below the $0.6 mark. CMC data shows that the price of XRP slipped by 0.80% to trade at $0.5727. Its 24-hour bottoms and tops were recorded at $0.5573 and $0.5839.

Binance Coin (BNB) fell by 0.43% to trade at $542.48 and maintained a 24-hour range of $523.46 and $545.72 respectively. TRX dipped by 0.15% to change hands at $0.1591 with 24-hour lows and highs of $0.157 and $0.1599 respectively. Meanwhile, Toncoin (TON) increased by 1.49% to reach $5.59.

Moreover, the memecoin market has shown mixed reactions in the last 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins have both increased and decreased within this time. While DOGE lost 0.36%, SHIB increased by 0.76%. As a result, DOGE and SHIB traded at $0.1007 and $0.00001415 respectively.

The trending memecoin DOGS recorded a substantial loss in the last 24 hours. As per CoinMarketCap data, DOGS plummeted by 13.45% in the last 24 hours to trade at $0.001412 with a one-day trading volume of $1.3 billion.

APES (APES) skyrocketed by 102.14% to reach $0.03623

First Neiro on Ethereum (Neiro) gained 35.53% to $0.00008419

Gigacat (GCAT) moved up by 12.41% to $0.001074

Echelon Prime (PRIME) surged 3.76% to $7.84

Cardano (ADA) added 2.07% to $0.3645