Crypto On Aug. 17: Bitcoin Price Rises Above $24,000, Ether Outperforms BTC

The crypto market turned slightly bullish Wednesday as the leading cryptocurrency Bitcoin (BTC) was able to retain the $24,000 price level and Ether (ETH) remained below $1,900.

According to CoinMarketCap data, BTC dropped by 0.05% to $24,024 and ETH surged by 1.14% to $1,897 as of 12:39 a.m. ET. The market dominance of BTC stood at 39.93%, while ETH's dominance was 20.10%.

Furthermore, the algorithm from PricePredictions suggests that the maximum price of Bitcoin by the end of 2022 is expected to be around $43,283.64 while the maximum price of Ethereum by the same period comes to around $3,420.

The top 10 cryptocurrencies in the market performed optimistically as Binance Coin (BNB) was up by 0.61% to $318.49; Cardano (ADA) was up by 3.84% to 0.5749; Ripple (XRP) was up by 4.72% to $0.3886; Solana (SOL) was up by 1.83% to $43.98; and Dogecoin (DOGE) was up by 8.69% to 0.08622 as of 12:39 a.m. ET.

The worst performing cryptocurrencies in the market included Avalanche (AVAX) which was down by 0.39% to $27.62; Polygon (MATIC) which was down by 0.32% to $0.9488; Chiliz (CHZ) which was down by 2.76% to $0.2028; and Lido DAO (LIDO) which was down by 1.10% to $2.66 as of 12:40 a.m. ET.

The best performing cryptocurrencies in the market were Compound (COMP) which was up by 2.50% to $62.73; Qtum (QTM) which was up by 2.40% to $4.15; Synthetix (SNX) which was up by 2.33% to $3.75; Gala (GALA) which was up by 2.99% to $0.0693; and Ankr (ANKR) which was up by 3.34% to $0.04991 as of 12:41 a.m. ET.