Today the price of Bitcoin is trading around $44,250 from its high $46,000. Over the last 48 hours, it has been trading around 7% below its high price. After the Bitcoin other cryptocurrencies are also down from their weekly highs.
It should be noted that not only the price of Bitcoin is down other cryptocurrencies are also showing red candles. The second-largest cryptocurrency Ethereum is trading at around $2970. The price of Ethereum is approximately 2.437% down from its 24 hours trading. The weekly high price of Ethereum was $3328 on 16th August 2021.
Other top Altcoins including Dogecoin, Polygon, Solana, Polkadot, Binance Coin, etc. are also down from their weekly high prices. According to Coinmarketcap data, the overall cryptocurrency market is down in following Bitcoin and they all are showing continuous Red Candles.
The Co-founder of Mudrex said, “It was yet another choppy session for the cryptocurrency market. Bitcoin got dragged down by the bears in the past 24 hours, as we noticed a huge number of short positions opening up. After the recent rally, the largest crypto by market cap has been tightly range-bound. The largest Altcoin by market capitalization, Ether too faced a similar sell-off.”
According to crypto market experts, this condition is not surprising in the crypto market because bears of the crypto market always try to pull the cryptocurrencies to gain profits after a huge sell-off of crypto assets.
According to crypto market experts, The price is Bitcoin is set to cross the $50,000 mark soon and the crypto investors should wait for market corrections before selling their crypto assets.
Here are The Top Cryptocurrencies and Their Prices on 19 August 2021
Bitcoin $44,287 or 1.66 % change in 24 hours
Ethereum $2,983.80 or 1.93 % change in 24 hours
Binance Coin $395.65 or 0.68 % change in 24 hours
Cardano $2.12 or 6.18 % change in 24 hours
XRP $1.13 or 2.04 % change in 24 hours
Dogecoin $0.299 or 0.71% change in 24 hours