Bitcoin Struggles at $111K, Altcoins in Red, Solana Jumps Over 22% This Week: Cryptocurrency Prices Aug 29

Bitcoin, the undisputed king of the cryptocurrency market, is still under pressure despite a slight rebound. After slipping more than 5% in the last 30 days, Bitcoin price today is struggling to hold above the $110K mark. The overall crypto market is showing mixed signals, with some coins recovering while others remain weak, due to the aftermath of the recent crypto crash.

Bitcoin (BTC) Price Today

Bitcoin price today is hovering around $111,874.25. It has a market capitalisation of $2.23 trillion and a daily trading volume of $18.61 billion. Over the last 24 hours, BTC has dropped 1% but is slowly regaining its strength.

"BTC slipped from highs near $113,300 to below $112,000. An early push upward lost steam, with repeated rejections around $113,300 triggering a steady decline. The drop under $112,000 confirms sellers remain in control, with $111,500 as immediate support. A swift recovery above $112,500-$113,000 is needed to stabilise. BTC ETFs recorded $115M in inflows, marking the fourth consecutive day of inflows." as per the CoinSwitch Markets Desk.

Ethereum (ETH) Price Update

Ethereum price slipped 1.73% in 24 hours to $4,494.20. ETH briefly spiked above $4,600 but failed to hold. The breakdown accelerated mid-session, with ETH dropping toward $4,440 before finding some relief. ETH being the second-largest cryptocurrency. With a market cap of $543.16 billion and a daily volume of $18.33 billion, it gained 17.99% over the past week despite today's dip in ETH prices.

XRP, BNB, Solana, and Other Altcoins

XRP price today is $2.94, down 2.30%, with a market cap of $175.14 billion. Binance Coin (BNB) is trading at $873.44, up 0.55%, while Solana (SOL) is seeing strong gains, priced at $216.95, with an 8.15% increase in 24 hours and a weekly gain of 22.07%.

TRX: The TRON coin price slipped 1.12% & is at $0.344. Tron is one of the top losers of the market, slipping 6% in the last seven days.

ADA: Cardano is priced at $0.8531, down 2.11% in the last 24 hours. ADA is up 12% on a monthly basis but fell about 8% in the last 7 sessions.

Stablecoins Remain Steady

Stablecoins like Tether (USDT) and USD Coin (USDC) continue to stay stable. USDT is at $1.00, and USDC is almost the same at $0.9999, providing a safe option for investors during market volatility.

DOGE: Dogecoin Price Today is at $0.2224, slightly down by 0.81%, with a market cap of $33.59 billion.

Crypto Market Movers:

"The Bitcoin price is consolidating between $111,500 and $112,000 while keeping up the momentum by printing small higher highs and lows. Meanwhile, Ethereum prices also accumulate around $4,500, while BinanceCoin is heading towards new highs. Solana cleared the pivotal resistance at $210, approaching $220, while XRP & ADA have been restricted below $3 and $0.9, respectively. "

"The top gainers for the day are Pyth Network, with a rise of over 90%, followed by Pump.fun with a gain of over 15%, and Conflux with a 10% increase. Besides, Cronos plunges by 14.5%, followed by Hyperliquid, Aerodrome Finance & Pendle by over 4% each." According to the CoinDCX research team.

"In a regulatory update, the U.S. Commodity Futures Trading Commission (CFTC) announced that foreign crypto exchanges can now legally provide services to U.S. clients, provided they register under the Foreign Board of Trade (FBOT) framework. This move is expected to increase global participation in the U.S. crypto market while ensuring better oversight of offshore trading platforms." as per a CoinSwitch report.

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