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Cryptocurrency Prices Today August 20: Bitcoin down 5%, Ethereum biggest loser

The price of Bitcoin hovered around Rs 18 lakh. Bitcoin’s dominance is currently 39.70 per cent, a decrease of 0.57 per cent over the day, according to CoinMarketCap.

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Major cryptocurrencies traded in the red early on August 20. The global crypto market-cap at the time of writing this copy was $1.01 trillion, which is a 6.39 percent fall over the last day.

The total crypto market volume over the last 24 hours was $90.78 billion, which makes a 42.87 per cent increase.

The total volume in DeFi is currently $7.02 billion7.73 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $80.27 billion, which is 88.42 percent of the total crypto market 24-hour volume.

The price of Bitcoin hovered around Rs 18 lakh. Bitcoin’s dominance is currently 39.70 percent, a fall of 0.57 percent over the day, according to CoinMarketCap.

In other news, the much-awaited mega upgrade for the world’s most popular blockchain platform, Ethereum, is happening finally.

Called the Merge, the software upgrade has been in the works for years, and it will change the way Ethereum orders transactions. Instead of using energy-guzzling computers called miners, the network will deploy so-called validators using staked Ether tokens – a setup called proof of stake. Read more details here.

As of 7.38 am on August 20, these are the prices of largest cryptocurrencies (data from WazirX):

Bitcoin 18,04,831 -5.99%
Ethereum 1,41,042.7 -7.49%
Tether 86.50 2.48%
Cardano 40.5000 -3.59%
Binance Coin 23,966.27 -3.43%
XRP 29.1000 -3.03%
Polkadot 663.04 0.46%
Dogecoin 5.9295 -1.99%

Find more blockchainbusiness and market related stories here

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