Cryptocurrency Price Crash Continues, Aug 19: Bitcoin, ETH, XRP & DOGE Experience Sharp Swing in Trading

The cryptocurrency prices on Tuesday, 19th August, continue to fall as the market is still volatile. Bitcoin price is still hovering around $115,000 after slipping well below its record high levels. Other major coins like Ethereum (ETH), Ripple, Dogecoin (DOGE), and Solana (SOL) are trading today with mixed gains and losses.

Bitcoin Price Today

Bitcoin (BTC) price is currently at $115,664.95 with a market capitalisation of $2.29 trillion. BTC has recorded a 0.21% intraday gain, though it remains down 3.70% in the past week and 1.39% lower over the last month. Despite short-term corrections, Bitcoin continues to dominate the market with the highest trading volume of $21.43 billion. The Bitcoin price in India today is around Rs. 10,375,076 per BTC; it is the most valuable cryptocurrency in the Indian market.

Ethereum Price

Ethereum (ETH), the second-largest cryptocurrency, is priced at $4,276.31 with a market cap of $515.98 billion. ETH has dipped 1.13% in the last 24 hours and 6.82% over the week but remains 13.82% higher than in the past month.

XRP Price Movement

XRP is trading at $3.03 with a market cap of $176.47 billion and a daily trading volume of $5.04 billion. XRP has posted a 1.25% daily gain, but it is still down 7.04% in the last week and 12.01% lower over the past month. Analysts suggest XRP's future momentum will depend on regulatory clarity and institutional adoption.

Stablecoins: USDT and USDC Hold Firm

Stablecoins continue to be steady today. Tether (USDT) remains pegged at $1.00 with a market cap of $167.14 billion, while USD Coin (USDC) also trades at $1.00 with a $68.39 billion market cap. Both stablecoins show minor fluctuations but remain essential for liquidity across crypto exchanges.

Binance Coin (BNB) Price Today

Binance Coin (BNB) has emerged as one of the strong performers, trading at $851.87 with a market cap of $118.47 billion. BNB is up 1.86% in the last 24 hours and 2.36% in a week and has surged 12.51% in the last month. The main reason behind the Binance Coin price surge is the growth of the Binance Smart Chain (BSC) and strong exchange activity recently.

Solana Price Today

Solana (SOL) is currently priced at $181.83 with a market capitalisation of $97.72 billion. SOL has slipped 0.60% today and 5.12% in the past week, though it remains slightly positive at 0.23% over the last month. Solana's fast transaction speeds and low costs make it a popular choice among developers.

Dogecoin Slumps

Dogecoin (DOGE) is trading at $0.2203, with a market cap of $33.44 billion and a daily volume of $2.26 billion. DOGE has dropped 1.92% in the past 24 hours, 6.45% in the last week, and a steep 19.31% in the last month. Despite the dip, DOGE is quite popular among retail traders and meme coin investors.

Market Outlook By Analysts

"Bitcoin continues to face significant upward pressure as the price yet again finds its lows below $114,700 for the second consecutive day. XRP is struggling to sustain at $3, and ADA is at $0.9, while Solana dropped below $180. Ethereum sustains above $4200, but the broader market sentiments remain bearish, hinting towards a probable pullback. Amid growing skepticism, the AB price surges by over 7%, followed by POL by 4.9%, OKB by 4.34% and Mantle by 2.31%. On the other hand, Pump.fun plunged by 9.48%, Injective & Arbitrum by over 6% each, and Pi, Toncoin & Sky by over 5% each." as per the CoinDCX research team

As the markets turned bearish, nearly $127.7 million worth of BTC ETF & $196.6 million worth of ETH ETF were sold. Besides, the markets experienced a total liquidation of over $400 million in the past 24 hours, including more than $300 million worth of longs. Meanwhile, the SEC delays its decision on the Bitwise and Coinshares XRP ETF, along with the Grayscale & Canary XRP Trust. The amount of Ethereum on centralised exchanges has dropped to its lowest level in 9 years, while BitMine's crypto holdings surpass $6.61B, including 1.52M ETH."