Bitcoin (BTC) Price Today - August 16: BTC Trades Sideways in $68,000 Range, FTM Emerges as Biggest Gainer

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, remained stable within the $68,000 range early Friday.

Bitcoin (CRYPTO: BTC) price remained stable within the $68,000 range early Friday, while other popular altcoins, including Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP), and Litecoin (CRYPTO: LTC), saw a mix of minor gains and losses across the board.

The global crypto market cap stood at $2.06 trillion at the time of writing, registering a 24-hour dip of 0.93 percent.

Bitcoin Price Today (August 16)

BTC price stood at $58,254.36, registering a 24-hour dip of 0.33 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.07 lakh.

Ethereum Price Today (August 16)

ETH price stood at $2,601.17, marking a 24-hour loss of 1.67 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.

Dogecoin Price Today (August 16)

According to CoinMarketCap data, DOGE registered a 24-hour dip of 1.50 percent, currently priced at $0.1013. Dogecoin price in India stood at Rs 8.53.

Litecoin Price Today (August 16)

Litecoin saw a 24-hour jump of 2.97 percent. At the time of writing, it was trading at $66.39. LTC price in India stood at Rs 5,083.21.

Ripple Price Today (August 16)

XRP price stood at $0.5665, seeing a 24-hour dip of 0.26 percent. Ripple price in India stood at Rs 47.21.

Solana Price Today (August 16)

Solana price stood at $142.97, marking a 24-hour loss of 0.66 percent. SOL price in India stood at Rs 11,966.13.

Top Crypto Gainers Today (August 16)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Fantom (FTM)

Price: $0.390824-hour gain: 5.87 percent

Aave (AAVE)

Price: $110.6224-hour gain: 3.98 percent

THORChain (RUNE)

Price: $3.7824-hour gain: 3.34 percent

Litecoin (LTC)

Price: $66.4924-hour gain: 2.93 percent

Bitcoin Cash (BCH)

Price: $346.0724-hour gain: 2.36 percent

Top Crypto Losers Today (August 16)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Pepe (PEPE)

Price: $0.00000744824-hour loss: 6.74 percent

SATS (1000SATS)

Price: $0.000286424-hour loss: 6.61 percent

Aptos (APT)

Price: $6.2224-hour loss: 6.36 percent

dogwifhat (WIF)

Price: $1.4724-hour loss: 5.86 percent

Starknet (STRK)

Price: $0.367924-hour loss: 5.51 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a pullback to the $58,000 level following the release of US CPI data, which indicated a price rebound in July as anticipated. This dampened hopes for a significant rate cut from the Federal Reserve next month. Geopolitical tensions between Iran and Israel further contributed to market pressure. Additionally, the crypto derivatives market also saw large amounts of liquidations over the past day. Currently, BTC finds support at $56,300, with resistance at $58,660.”

CoinSwitch Markets Desk noted, “Before Bitcoin tests the $58,500 level again, it's worth noting that major US indexes performed well today, with the Nasdaq rising by 2.4% and the S&P 500 increasing

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