Crypto On Aug. 22: Market Turns Slightly Green After Weekend Crash

The crypto market turned slightly green Monday as Bitcoin (BTC) successfully retained $21,000 while Ether (ETH) lost the $1,600 price level after marking gains of 0.81% and 0.79%, respectively.

This comes after BTC and ETH dropped significantly over the weekend, losing $23,000 and $1,800 price level, respectively.

According to CoinMarketCap data, the crypto market saw BTC drop by 12.66% in the last seven days while ETH dropped 17.16% in the same duration. This resulted in BTC's market dominance jumping to 40.16% while ETH's dominance dropped to 19.13%.

As per the algorithm from BitcoinWisdom, the maximum price of BTC is expected to reach $32,184.31 by the end of 2022 while the maximum price of ETH is expected to reach $2,399.05 in the same duration.

The prices of BTC and ETH as of 2:16 a.m. ET stood at $21,401 and $1,598, respectively.

Additionally, the top 10 cryptocurrencies were also slightly green as of 2:16 a.m. ET as Binance Coin (BNB) rose by 1.95% to $296.20; Ripple (XRP) rose by 0.52% to $0.3403; Cardano (ADA) rose by 1.11% to $0.456; Solana rose by 2.64% to $38.8; and Dogecoin (DOGE) rose by 0.43% to $0.06847.

The best performing cryptocurrencies in the crypto market as of 2:18 a.m. ET were EOS which rose by 8.92% to $1.52; Quant (QNT) which rose by 2.95% to $111.05; Elrond (EGLD) which rose by 3.95% to $54.97; and Aave (AAVE) which rose by 4.56% to $86.37.

The worst performing cryptocurrencies as of 2:20 a.m. ET were Celsius (CEL) which dropped by 12.86% to $2.19; Trust Wallet Token (TWT) which dropped by 1.82% to $1.06; Decred (DCR) which dropped by 2.11% to $28.76; XDC Network (XDC) which dropped by 3.71% to $0.03053.