Cryptocurrency Prices on August 21: Bitcoin drops below $60,000; Ethereum, Litecoin fall up to 4%

Major cryptocurrencies experienced declines on Wednesday, ahead of key U.S. economic data and speeches from policymakers that are expected to advocate for interest rate cuts.

As of 12:15 pm IST, Bitcoin was down 2.3%, trading at $59,656, while Ethereum fell 2.8% to $2,602. The global cryptocurrency market cap also dropped by 1.9%, settling at around $2.11 trillion over the last 24 hours.