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Bitcoin Flat at $21,000; Ether, Polkadot gains more than 3% in a day

Cryptocurrency price today: Cryptocurrency markets recovered during the day on Wednesday, August 24 and traded in the green after being in the red earlier in the day. Crypto traders and investors remain nervous as they await Fed chief Jerome Powell’s speech on monetary policy later this week and his views on further hiking rates.

The global cryptocurrency market was trading up slightly more than 2 percent on the day, and scaled $1.03 trillion at the time of writing, data from CoinMarketCap shows. Bitcoin, Ethereum and other major crypto coins have made modest gains over the past 24 hours.

“The overall crypto market remains in a neutral position as investors await the Federal Reserve chief’s statement on monetary policy. Crypto heavyweights like Bitcoin and Ethereum saw marginal growth along with popular coins like AVAX, SOL and DOGE. Markets will remain at a stable level till the end of this week and may move upwards with some positive news from the Fed around monetary policy easing,” said Shivam Thakral, CEO of BuyUcoin.

Bitcoin was trading at $21,426.82 today at the time of writing this article, up 1.22 percent in the past 24 hours, data from CoinMarketCap shows. In the last seven days, Bitcoin price has decreased by 12.04 percent.

“Bitcoin bounced back from the US$21,000 level after buyers confirmed their strength. If BTC can break above the current level, it is likely to see a breakout of its recent resistance at US$21,774,” said Edul Patel, CEO and co-founder of Mudrex.

Ether, on the other hand, is up 3.63 percent today at $1,644.05 at the time of writing, data from CoinMarketCap shows. Over the past week, the price of Ether has fallen 15.47 percent, the data also showed.

“Ethereum also made a false breakout of the US$1,600 level. If the price can hold above this vital level, there is an opportunity for the bulls to seize the initiative. The following critical level for ETH will be US$1,700,” Patel added.

Here are the top 10 cryptocurrencies and their prices as of Wednesday, August 24 (data from coinmarketcap.com at the time this article was published)

Bitcoin traded at $21,426.82 or 1.22 percent in the last 24 hours.

Ethereum gained $1,644.05 or 3.63 percent in the last 24 hours

Gain $1.00 or 0.02 percent in last 24 hours

USD Coin lost $1.00 or 0.00 percent in the last 24 hours

BNB is up $298.22 or 00.35 percent in the last 24 hours

Binance is up USD $1.00 or 0.01 percent in the last 24 hours

XRP gained $0.3442 or 2.65 percent in the last 24 hours

Cardano is up $0.4607 or 2.60 percent in the last 24 hours

Solana gained $35.26 or 1.45 percent in the last 24 hours

Dogecoin traded at $0.06795 or up 2.99 percent in the last 24 hours

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