Crypto On Aug. 19: Bitcoin Price Drops To $22,800, Ether Retains $1,800

The crypto market turned red Friday as leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) dropped by 2.73% and 1.66%, respectively, in the last 24 hours as the coins failed to retain their price above respective resistances of $24,000 and $1,900.

According to CoinMarketCap data, the price of 1 BTC was $22,819 and 1 ETH was $1,820 as of 1:44 a.m. ET. Bitcoin's market dominance rose to 40.19% while that of Ether rose to 20.40%.

As per the algorithm used by PricePredictions, the maximum price of 1 BTC by the end of 2022 is predicted to be $41,045 while the maximum price of 1 ETH by the same period is predicted to be $3,263.

The top 10 cryptocurrencies were bearish with Binance Coin (BNB) down by 5.07% to $291.66; Ripple down by 3.31% to $0.3629; Cardano (ADA) down by 8.07% to $0.4955; Solana (SOL) down by 6.29% to $38.30; and Dogecoin (DOGE) down by 7.79% to $0.07424.

The worst performers in the crypto market as of 1:46 a.m. ET were Avalanche (AVAX) which was down by 10.59% to $23.21; Uniswap (UNI) which was down by 10.32% to $7.25; Filecoin (FIL) which was down by 14.30% to $7.03; and The Graph (GRT) which was down by 10.05% to $0.1113.

The biggest gainers in the crypto market as of 1:52 a.m. ET included Gnosis (GNO) which was up by 10.08% to $194.02; Kyber Network Crystal v2 (KNC) which was up by 6.74% to $1.78; Hive (HIVE) which was up by 3.71% to $0.6169; and MXC (MXC) which was up by 2.80% to $0.07121.