The crypto prices today have carried an unprecedented bullish movement, igniting investor enthusiasm globally. Bitcoin’s (BTC) price reattained the $61K mark amid Fed’s rate cut expectations. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP traded in the green territory, in line with the broader market trend.
The global crypto market cap was up 1.71% to $2.13 trillion today. However, the total market volume saw a 20.56% decline in value to $65.19 billion.
Here’s a brief overview of some leading cryptocurrencies by market cap and their price action today, August 14.
Crypto Prices Today
Bitcoin Price
The BTC price chart illustrated gains worth 3.54% over the past day to finally rest at $61,153.73. Its 24-hour lows and tops were recorded as $58,506.25 and $61,572.40, respectively.
This pumping price movement comes against the backdrop of Fed’s Raphael Bostic’s recent statements on the state of the U.S. economy. Notably, Bostic, Federal Reserve Bank of Atlanta President, hinted at slowing inflation nationwide and potential U.S. Fed rate cuts ahead. These statements appear to have had a positive impact on the broader market.
Meanwhile, the pumping trajectory also aligns with $38.94 million inflows in Bitcoin ETFs as of August 13, per data by Soso Value. Also, BTC’s dominance stood at 56.32% today, a 0.37% increase over the past day.
Ethereum price
The crypto ETH price saw a 2.24% increase in value to reach $2,717.35 today. Its 24-hour bottoms and tops were recorded as $2,613.80 and $2,734.24, respectively.
Ethereum’s pumping movement aligns with $24.3 million inflows in ETH ETFs as of August 13, per data by Farside UK. Ethereum’s market cap stood at $326.26 billion today.
Solana Price
Simultaneously, the SOL price witnessed a 1.46% upswing in value over the past day to trade at $145.52. Its 24-hour bottoms and peaks were recorded as $143.15 and $149.61, respectively.
XRP Price
The XRP price noted gains worth 1.13% over the past day to trade at $0.5793. Its 24-hour lows and highs are $0.5649 and $0.5831, respectively.
Notably, the Bitnomial exchange recently filed for an XRP futures listing. This development has fueled further investor enthusiasm for the Ripple-backed token.
DOGE & SHIB Prices
Dogecoin’s (DOGE) price witnessed a 1.27% upswing over the past day to $0.1058.
Similarly, Shiba Inu’s (SHIB) price saw a 1.16% increase in the past 24 hours to reach $0.00001381.
Meanwhile, Pepe coin (PEPE), dogwifhat (WIF), and Bonk soared 1%-3%.
Crypto Gainers Today
Simultaneously, the coins that lead the broader market rally today included:
THORChain (RUNE) price gained 13.27% to $3.69.
Immutable (IMX) price surged 10.14% to $1.26.
Fantom (FTM) price soared 8.54% to $0.372.
Aptos (APT) price pumped 8.33% to $6.88.
Crypto Losers Today
Sui (SUI) price slipped 2.24% to $0.9489.
Filecoin (FIL) price fell 2.13% to $3.66.
Bitget Token (BGB) price tumbled 1.28% to $0.9192.
Sei (SEI) price dipped 0.96% to $0.2906.
Besides, the hourly time frame charts showcased the continued presence of a bullish movement, igniting further optimism on the crypto prices today. Bitcoin and Ethereum gained 0.20% and 0.25%, respectively. Whilst, SOL and XRP gained 0.10% and 0.01%, respectively.
The post Crypto Prices Today August 14: BTC Reclaims $61K On Fed Rate Cuts Cues appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed