Ether price, Bitcoin is currently trading below the $24,000mark, while Ether and Solana both lost5%.

Today's coin price: On Tuesday, August 16, major cryptocurrencies lost ground, sending the overall cryptocurrency market into the red. According to data, the market capitalization of cryptocurrencies was $1.14 trillion, down 3.76 percent over the previous day. However, trade volume, which was $75.47 billion, was down 9.84% from the previous day.



"Over the past day, the market capitalization of all cryptocurrencies fell by 0.35 percent. After attempting to break through the resistance zone, the prices of both BTC (Bitcoin) and ETH (Ethereum) experienced a downward correction, according to Edul Patel, CEO, of Murex and co-founder of Murex.


Even if the market mood has improved over the past several days, Bitcoin traded in the red for the day and narrowly held the $24,000 level. According to information gathered from CoinMarketCap, the price of one bitcoin was $23,968.54 at the time this article was being written, a decrease of 2.85% over the previous 24 hours. According to the data, the price of bitcoin has risen by 0.55 percent during the last week.


"BTC may hit USD 24,000 after falling from USD 25,000 to below USD 24,200. The price might turn negative if it drops below the immediate support level, which is close to the USD 23,500 region, according to Patel.


Bitcoin is doing well and remains steady. As long as BTC maintains above the 200Weekly MA, which is seen as being about $23000, we can anticipate a steady advance till $29000. After breaking out above the 200Weekly MA, it is holding its entire support zone. According to resistance levels, there is no significant resistance before $29200 till and unless BTC once more closes below 200W ma; only then will we be able to see a minor downside movement to $21500, continued Manoj Dalmia, founder, and director of Proassetz Exchange.


On Tuesday, Ethereum continued to trade above $1800 due to the uptick in sentiment. At the time of writing this piece, the price of ether had dropped by 3.99% to settle at $1,872.38, according to data from CoinMarketCap. The data also revealed a 5.68% increase in Ether pricing over the past week.


Likewise, the price of ether (ETH) failed to hold above the USD 2,000 mark and fell to the 1,880 level. The price may retest the USD 2,000 area above the immediate resistance levels of USD 1,940 and USD 1,960, according to Edul Patel.


Here are the top 10 cryptocurrencies and their prices on August 12, 2022, Wednesday, (According to data from coinmarketcap.com)

Bitcoin $23,968.54 or 2.85 percent loss in the last 24 hours


Ethereum $1,872.38 or 3.99 percent loss in the last 24 hours


Tether $1.00 or 0.00 percent loss in the last 24 hours


USD Coin $0.9999 or 0.02 percent gain in the last 24 hours


BNB $316.84 or 1.16 percent loss in the last 24 hours


Cardano $0.5523 or 2.30 percent loss in the last 24 hours


XRP $0.3718 or 2.11 percent loss in the last 24 hours


Binance USD 0.9999 or 0.00 percent loss in the last 24 hours


Solana $43.16 or 4.92 percent loss in the last 24 hours


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