Cryptocurrency Prices Today Aug 27: BTC Slips To $62K, DOGS & NOT Prices Crash
Today, the global cryptocurrency market experienced a dip in value, causing concerns among investors. The total market cap decreased by 1.83% to $2.21 trillion, with Bitcoin (BTC) leading the decline as it dropped to the $62K price level. Other major cryptocurrencies such as Ethereum (ETH), Solana (SOL), and XRP also traded in the red zone.
Notably, TON-based DOGS and Notion (NOT) prices crashed severely, adding to the overall market downturn. However, despite the negative trend, the total market volume saw a 27.24% increase in value, reaching $65.61 billion.
Top Cryptocurrencies Price Action Today
Bitcoin (BTC) Price Today
Bitcoin’s price chart showed a nearly 2% decline, with the coin trading at $62,954. The 24-hour range for BTC was between $62,685.82 and $64,227.81. Despite recent positive developments such as Bitcoin ETF inflows and institutional adoption, the price of BTC remained in the red today. However, the coin’s dominance increased slightly to 56.31%.
Ethereum (ETH) Price Today
Ethereum’s price dropped 2% to $2,687, with intraday lows and highs at $2,668.89 and $2,752.97, respectively. The sluggish ETF momentum and reports of a significant ETH whale dump contributed to the downward trend, although speculations of a price breakout to $5000 persist.
Solana (SOL) Price Today
Solana’s price fell 1.5% to $158, with a 24-hour trading volume increase to $2.53 billion. Despite the volume surge, the market cap declined to $73.77 billion, reflecting the overall market trend.
XRP Price Today
XRP’s price slipped 0.71% to $0.5934, with intraday lows and highs at $0.5804 and $0.5993. The controversial nature of XRP and upcoming documentary release added to the uncertainty surrounding the cryptocurrency.
Top Gainers and Losers Today
While the broader market trend was negative, some cryptocurrencies defied the trend and saw gains:
Top Gainers:
- Helium (HNT) – 14% increase
- Akash Network (AKT) – 11% increase
- Klaytn (KLAY) – 2% increase
- Artificial Superintelligence Alliance (FET) – 2% increase
Top Losers:
- DOGS – 16% decrease
- Notcoin (NOT) – 11% decrease
- Worldcoin (WLD) – 8% decrease
- SATS (1000SATS) – 9% decrease
Despite the market downturn, hourly time frame charts showed some optimism, with BTC, ETH, and SOL prices showing slight gains. This glimmer of hope offers some reassurance to traders and investors amidst the current volatility in cryptocurrency prices.
For more updates on cryptocurrency prices and market trends, stay tuned to CoinGape.
