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Top Crypto Prices Today: Crypto Market Cap falls to $1.12 trillion, Bitcoin Price falls below $24,000; Ethereum near $1850

Top Crypto Prices

After a positive couple of days, the crypto market over the last 24 hours saw a major fall on the charts. The overall crypto market cap has fallen to $1.12 trillion, down over 3% in the past day. According to CoinMarketCap, the total crypto market volume over the last 24 hours is $71.76 billion, which makes a 13.19% increase.

The total volume in DeFi is currently $5.61 billion7.82% of the total crypto market 24-hour volume. The volume of all stable coins is now $64.91 billion, which is 90.45% of the total crypto market 24-hour volume.

Check out latest Bitcoin INR Price , Chart, and Data.

Bitcoin price has fallen back down below the $24,000 level, which had become a sort of support region for the king coin. Currently trading at about $23,400, it is down more than 2.7% in the past 24 hours. BTC prices had tried to make a recovery earlier in the day but couldn’t keep up the strength. This comes pretty much in line with the fall in the US markets yesterday, and with the release of the minutes of FOMC meetings, the tech-focused Nasdaq fell over 1.25% as of closing on 17 August. S&P500 and Dow Jones indices also saw losses of 0.72% and 0.5% on closing.

Ethereum price seems to be showing a fair amount of strength in the recent fall, arguably thanks to the upcoming Ethereum Merge in the second week of September, 2022. On 17 August, it was trading slightly above $1900 but is now trading near $1850, down about 3%. Now this is less than the usual number because Ethereum prices generally tend to fall more in percentage terms than Bitcoin prices, and vice versa. However, a fall along similar lines shows inherent strength growing in ETH price ahead of the Ethereum Merge.

TOP CRYPTOS TODAY BY MARKET CAP

Now as one would expect, this list of top cryptos by market cap would be in the red, pretty much in line with the king coin and the altcoin king. These coins generally tend to follow the direction of Bitcoin and Ethereum, unless of course there is some major positive development in a particular token. Avalanche (AVAX), Shiba Inu (SHIB) and Solana (SOL) has lost the most out of this list while Ethereum Classic Price (ETC) has managed to lose the lease, down about only 0.3% in the past 24 hours.

Expanding our view if we were to look at the top 100 cryptos by market cap, we see a slightly different picture. Chiliz (CHZ) - which was a major loser on 17 August managed to become the biggest gainer today on 18 August, rallying over 6% followed by Cosmos (ATOM) token, which also managed to gain well over 2% in the past 24 hours.

On the flip side, the biggest gainer from yesterday, 17 August managed to turn into the biggest loser today - EOS losing over 11% in the past 24 hours. Other major losers include Loopring (LRC), GALA, ANKR, STPMN (GMT) and several other altcoins.

CRYPTO MARKET TODAY AT A GLANCE

Global crypto market cap $1.12 trillion
Rise/Fall in crypto market cap -3%
Global DeFi TVL $65.05 billion
Rise/Fall in DeFi TVL -1.8%
Bitcoin Price $23,400
Bitcoin Dominance 40%
Ethereum Price $1,850

Additional Read: Top Cryptos to Watch this Week

TOP CRYPTO PRICES TODAY, 18TH  AUGUST, 2022:

COIN PRICE ($) PRICE (INR) % CHANGE (24-HOUR) MARKET CAP
CHILIZ (CHZ) $0.21 ₹18.4 7% $1.3 BILLION
MONERO (XMR) $169.5 ₹14,005 0.8% $3 BILLION
COSMOS (ATOM) $11.9 ₹1000 0.7% $3.4 BILLION
LOOPRING (LRC) $0.42 ₹36.3 -8.8% $469 MILLION
AAVE $100.7 ₹8223 -9% $1.4 BILLION
CURVE DAO TOKEN (CRV) $1.2 ₹101.2 -9.1% $633 MILLION
STEPN (GMT) $0.97 ₹89.7 -9.4% $585 MILLION
LIDO DAO (LDO) $2.5 ₹199.07 -9.5% $782 MILLION
MINA $0.77 ₹65.2 -9.6% $496 MILLION
EOS $1.4 ₹125.5 -11.9% $1.4 BILLION

TOP CRYPTO NEWS TODAY

1. TOP FIRMS INVEST OVER $6 BILLION IN BLOCKCHAIN STARTUPS

According to data from a analytical report by blockchain data platform Blockdata, forty of the top corporation in the United States invested about $6 billion into blockchain startups between September 2021 and June 2022. However, because of the fact that some investments involved participation from multiple investors, Blockdata couldn't ascertain for certain how much each company invested in each of the particular projects.

2. AMOUNT OF STAKED ETH HITS RECORD HIGHS, DOUBLES IN PAST YEAR

With the Ethereum Merge coming closer every passing day, the total amount of ETH tokens staked on the smart contract has recorded a new all-time-high - and has almost doubled in the past year alone. As on 16 August, the amount of ETH staked reached 13.29 million, which is nearly double that of exactly a year before, despite having ETH see a major 43% correction in the same timeframe.

3. CARDANO'S DJED STABLECOIN PARTNERS WITH WINGRIDERS DEX AHEAD OF LAUNCH

Cardano highly anticipated algorithmic stablecoin, Djed - developed by Cardano's IOG along with the COTI network has entered into a partnership with WingRiders, a Cardano-based DEX. According to COTI, the partnership's primary focus is to explore the possibilities of the Djed stablecoin's integration on the WingRiders decentralised exchange.

 

GLOBAL CRYPTO MARKET OVERVIEW

Total Crypto Market Cap | Source: Tradingview

The fall over the past 24 hours has been a significant one. As is evident on the chart above, the last couple of days have been on the bearish side for the overall crypto market, the last four days to be exact. Each one of these have been days where the market started the day in the green but ended in the red, as indicated by the day highs on the candlesticks.

Prices have also broken down below the higher high, higher lows candlestick pattern on the charts. This indicates some short term bearishness on the charts but overall things don't seem too bad either. Prices are still above the 50-day moving average (marked in cyan blue) and above the trendline support (marked in orange). Along with that, the Relative Strength Index is still above 50, so still moderately in the bullish territory to support any recovery in the days to come.

BITCOIN PRICE TODAY

BTC/USD | Source: Tradingview

In line with the broader crypto market cap, Bitcoin price has also fallen below its higher high, higher low chart pattern. However, unlike the total crypto market cap, BTC price are relatively much closer to its 50-day moving average (marked in cyan blue) and the trendline support (marked in dark blue).

BTC price are well below the psychological $25,000 level, which would bring some selling pressures on the prices too. The Relative Strength Index is just at the 50 mark - and is thus relatively in a safe zone so far. A sustained recovery in Bitcoin prices is very essential as of now to jump back into a good zone where investors can breathe easy.

Additional Read: Bitcoin Price Prediction Weekly

CRYPTO MARKET: THE WEEK AHEAD

So the week ahead for the crypto market is going to be quite crucial. There needs to be some positive price action in Bitcoin price and thus the broader crypto market cap, to bring it back into a safe zone. Things are pretty weak as of now and hence a hike in prices of all major cryptos would mean very good news for the short term future of the market. If we see prices recovering back above the diagonal trendline then we will see a resumption of the broad base rally.

Prices as of 18th August, 2022


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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