Crypto
Cryptocurrency Price Today: Bitcoin Dips Under $29,000 As Reds Dominate Charts

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, slid below the $29,00 mark, lending a gloomy outlook to the overall market early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. The SEI token, following its beta launch, emerged to be the biggest gainer on Wednesday with a massive 24-hour jump of over 2,600 percent, but as is the case with most new tokens, turned out to be the biggest loser 24 hours later. Rocket Pool (RPL), on the other hand, became the biggest gainer, with a 24-hour jump of over 4 percent.
The global crypto market cap stood at $1.14 trillion at the time of writing, registering a 24-hour loss of 1.95 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $28,634.79, registering a 24-hour dip of 1.96 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,798.35 marking a 24-hour loss of 1.63 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.57 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.95 percent, as per CoinMarketCap data, currently priced at $0.06823. As per WazirX, Dogecoin price in India stood at Rs 5.90.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 5.08 percent. At the time of writing, it was trading at $75.24. LTC price in India stood at Rs 6,511.06.
Ripple (XRP) Price Today
XRP price stood at $0.5915, seeing a 24-hour dip of 2.73 percent. As per WazirX, Ripple price stood at Rs 51.04.
Solana (SOL) Price Today
Solana price stood at $23.32, marking a 24-hour loss of 1.75 percent. As per WazirX, SOL price in India stood at Rs 2,021.52.
Top Crypto Gainers Today (August 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Rocket Pool (RPL)
Price: $27.29
24-hour gain: 4.41 percent
Gemini Dollar (GUSD)
Price: $0.9999
24-hour gain: 0.08 percent
Tether USDT (USDT)
Price: $0.9989
24-hour gain: 0.01 percent
Top Crypto Losers Today (August 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sei (SEI)
Price: $0.193
24-hour loss: 11.23 percent
Bitcoin SV (BSV)
Price: $31.23
24-hour loss: 8.82 percent
Shiba Inu (SHIB)
Price: $0.000009206
24-hour loss: 8.78 percent
Conflux (CFX)
Price: $0.1591
24-hour loss: 8.54 percent
GMX (GMX)
Price: $39.79
24-hour loss: 8.35 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is priced above the $28,500 level. This movement could potentially be attributed to the devaluation of the Russian Rouble and Argentina’s Peso against the US Dollar. In a parallel development, Ethereum has deviated from its established pattern of trading within the $1,800-$1,900 range, instead now trading slightly below $1,800.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has seen a sharp decline in the last 24 hours. As per CoinGecko, the global crypto market capitalization is down 2 percent and fell below $1.2 trillion for the first time in close to 60 days. The crypto fear and greed index is also down 2 points and is currently in the neutral zone with a score of 50/100.”
Rajagopal Menon, Vice President, WazirX, offered his take, “A series of anticipated regulatory developments have subdued the enthusiasm around crypto in the US, dipping the price of Bitcoin to $28,000. Additionally, the prolonged waiting period for ETF approval by the SEC is adding to the negative sentiment. William’s percentage indicator has also pointed to an increase in the selling of Bitcoin by investors, most likely due to the recent downward price trajectory. Binance pulling the plug on its payments arm may have also contributed to the overall uncertainty in the market.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Shibarium aims to attract users to its low-fee ecosystem with a focus on finance and gaming. The Ethereum Layer 2 network will use BONE, TREAT, SHIB, and LEASH tokens for blockchain applications, potentially increasing their prices. This improves the Shiba Inu ecosystem by enabling fast transactions with minimal gas fees. Previously on Ethereum, SHIB had security and access but suffered from high fees and slow speed. Shibarium supports $SHIB, $LEASH, $BONE, Shiboshi NFT, ShibaSwap DEX, Shiba Metaverse and more. Crucial support for Bitcoin is around $29,000; a break below could target $28,750. A break above $29,250 could face resistance at $29,400 and $29,600.”
CoinDCX Research Team told ABP Live, “At present, crypto markets struggle to find any directional momentum with Bitcoin (BTC) declining close to 1 percent in the last 24 hours to stay close to $29,000. Major altcoins like Solana, Dogecoin, and Polygon were each down between 4 percent and 6 percent over the past 24 hours as the period of stagnation among most digital assets continues. The current sell-off coincides with Binance, one of the largest crypto exchanges in the world, shutting down its regulated payment arm Binance Connect. As the sideways trading trend continues, data shows that around 80 percent of all Bitcoin (BTC) holders (specifically holding the unspent amount) are currently in a state of profit. This increases the risk of a sell-off, as holders may be looking to take profits amid the current market uncertainty.”
Shivam Thakral, the CEO of BuyUCoin, said, “With a $36.8 billion trade volume over the last 24 hours, the cryptocurrency market has been rather active. There is an impressive rise of 19.72 percent from the day before. The Securities and Exchange Commission (SEC) of the United States is now examining a number of applications for spot BTC ETFs, including one from traditional finance behemoth BlackRock. Low levels of leverage, exceptionally low volatility, and speculative activity characterise the current price movement. The Atlanta Fed’s GDPNow model has been updated with the most recent economic data, and it now projects third-quarter US GDP growth of 5.8 percent. Up from the previously predicted 5 percent, which was already fast.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

Crypto
I Asked ChatGPT To Explain TRUMP Crypto to Me Like I’m 12: Here’s What It Said
Some people think there’s no better way to get rich quick than by risking your money on an unproven cryptocurrency. Many crypto projects boast stability and long-term returns, only to fall off a cliff shortly after launch, leaving small-time investors to pick up the pieces. However, on Jan. 18, two days before President Donald Trump was sworn in for his second term, a meme coin in his name launched, leading many to question if it was a scam.
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I posed five questions to ChatGPT to get the breakdown on $TRUMP and whether it’s a good idea for someone to invest in it. Because crypto can be a bit complicated for some, I asked ChatGPT to explain the answers as if I were a 12-year-old. This is how it responded.
ChatGPT said, “So, TRUMP cryptocurrency is a digital coin or token, like Bitcoin or Ethereum, but it’s named after Donald Trump, the former U.S. president. It’s not actually created or run by him, though. It’s made by a group of people who think it’s fun or interesting to have a cryptocurrency with the Trump name on it. This coin exists on the internet, and you can buy or trade it just like other cryptocurrencies.”
$TRUMP is a type of cryptocurrency known as a meme coin. Meme coins aren’t as serious as the major coins like Bitcoin, and many begin as a joke. These coins are often much more volatile, taking off or crashing in seconds.
Also, some groups like NPR dispute the fact that a group of people completely independent of President Trump created the coin, claiming he and his business partners coordinated the operation. However, after its launch, Trump and his sons publicly distanced themselves from any involvement.
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ChatGPT’s response: “TRUMP cryptocurrency makes money mainly by people buying and selling it. Here’s how:
-
Imagine you buy a TRUMP coin when it’s cheap.
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Then, you sell it later when it gets more expensive.
-
The people who create or run the coin usually make money from transaction fees (when someone buys or sells) and sometimes by selling coins themselves.
Basically, TRUMP cryptocurrency could make money for people if the price goes up, but it’s risky — prices can go up or down quickly.”
This is an accurate breakdown of how any cryptocurrency works. However, ChatGPT doesn’t explain one of the biggest risks in investing in meme coins, which is the rug pull. This is when the coin’s developers secure a large number of coins at a low price. Once the public begins to buy coins and raises the value, the developers quickly trade their high-value assets and abandon the project, leaving the other investors with nothing.
Crypto
5 Reasons to Invest in Crypto When You’re Retired — And 5 Reasons to Avoid It
As cryptocurrency continues to mature as an asset class and Bitcoin reaching new highs, more retirees are considering whether digital currencies deserve a place in their retirement portfolios. The debate over investing in crypto for retirement has intensified as inflation and cost of living depletes savings.
However, this decision involves careful consideration of both compelling opportunities and significant risks.
According to Kiplinger, some financial experts now recommend cryptocurrency for diversification in retirement accounts. Cryptocurrency often moves independently of traditional stocks and bonds, potentially providing valuable diversification during market downturns. For retirees who have most of their wealth in conventional assets, a small crypto allocation could reduce overall portfolio volatility.
With retirees particularly vulnerable to inflation’s impact on fixed incomes, cryptocurrency’s potential as an inflation hedge becomes attractive. Bitcoin’s limited supply of 21 million coins creates scarcity similar to precious metals, potentially protecting purchasing power over time. Unlike cash or bonds that lose value during inflationary periods, crypto assets may maintain or increase value as traditional currencies weaken.
Despite volatility, cryptocurrency has demonstrated remarkable long-term growth potential. Retirees focused on leaving a larger inheritance might allocate a small percentage to crypto for its upside potential. Even modest gains could significantly benefit beneficiaries, while limiting exposure prevents catastrophic losses to essential retirement funds.
According to The Wall Street Journal, Fidelity’s decision to allow Bitcoin in 401(k) accounts highlights the tax advantages of holding cryptocurrency in retirement accounts. Crypto held in traditional IRAs or 401(k)s grows tax-deferred, allowing compounding without annual tax consequences. While eventual withdrawals face ordinary income tax rates, the ability to trade between different cryptocurrencies without immediate tax implications provides flexibility that taxable accounts don’t offer.
As governments worldwide increase money printing and debt levels, cryptocurrency offers exposure to an alternative monetary system. Retirees concerned about long-term currency stability might view crypto as insurance against potential dollar devaluation or economic instability over their retirement years.
Crypto
HMRC to Require Crypto User IDs for Tax Starting 2026 – Regulation Bitcoin News

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