Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued to be on a slippery slope and dipped below the $65,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 57 (Neutral) out of 100, as per CoinMarketCap data. The Akash Network (AKT) token became the biggest gainer of the lot, with a 24-hour jump of over 4 percent. Book Of Meme (BOME) became the biggest loser, with a 24-hour dip of over 10 percent. 


The global crypto market cap stood at $2.30 trillion at the time of writing, registering a 24-hour dip of 2.60 percent.


Bitcoin (BTC) Price Today


Bitcoin price stood at $64,184, registering a 24-hour dip of 2.51 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 58.13 lakh.


Ethereum (ETH) Price Today


ETH price stood at $3,174.65, marking a 24-hour loss of 3.23 percent at the time of writing. Ethereum price in India stood at Rs 2.79 lakh.


Dogecoin (DOGE) Price Today


DOGE registered a 24-hour dip of 3.27 percent, as per CoinMarketCap data, currently priced at $0.12. Dogecoin price in India stood at Rs 11.20.


Litecoin (LTC) Price Today


Litecoin saw a 24-hour loss of 2.27 percent. At the time of writing, it was trading at $70.01. LTC price in India stood at Rs 5,023.08.


Ripple (XRP) Price Today


XRP price stood at $0.6077, seeing a 24-hour loss of 5.29 percent. Ripple price in India stood at Rs 50.79.


Solana (SOL) Price Today


Solana price stood at $168.93, marking a 24-hour dip of 6.15 percent. SOL price in India stood at Rs 15,738. 


Top Crypto Gainers Today (August 1)


As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:


Akash Network (AKT)


Price: $3.04
24-hour gain: 4.42 percent


Beam (BEAM)


Price: $0.01796
24-hour gain: 3.09 percent


Kaspa (KAS)


Price: $0.2014
24-hour gain: 2.58 percent


Notcoin (NOT)


Price: $0.01294
24-hour gain: 1.76 percent


Aave (AAVE)


Price: $105.68
24-hour gain: 1.06 percent


Top Crypto Losers Today (August 1)


As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:


Book Of Meme (BOME)


Price: $0.009621
24-hour loss: 10.82 percent


dogwifhat (WIF)


Price: $2.04
24-hour loss: 9.94 percent


Mog Coin (MOG)


Price: $0.000001817
24-hour loss: 7.59 percent


THORChain (RUNE)


Price: $4.14
24-hour loss: 7.55 percent


Mantle (MNT)


Price: $0.7058
24-hour loss: 7.50 percent


What Crypto Exchanges Are Saying About Current Market Scenario


Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin tumbled below the $64,000 level due to escalating tensions between Iran and Israel. Additionally, the Federal Reserve left benchmark interest rates unchanged and hinted at a potential rate cut in September. This has spurred sellers into action, reversing Bitcoin's upward momentum towards $70,000. The next support level is set at $63,200, while resistance is at $65,100.”


CoinSwitch Markets Desk noted, “Bitcoin briefly fell below $65,000 after the US Federal Reserve announced it would keep interest rates unchanged. However, with markets now anticipating rate cuts in the upcoming Federal Reserve meeting in September, the outlook for a Bitcoin rally by the end of the year has strengthened.”


Avinash Shekhar, Co-founder & CEO, Pi42, said, “The uncertainty arising from the US government has made the price of Bitcoin struggle making it fall below $64K for the first time since last Friday. Including XRP, many altcoins are down today. The entire cryptocurrency market capitalisation has now dropped to $2.2 trillion on CG, witnessing a 3.1% decrease.”


Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) withdrawals from exchanges have surged recently, signalling increased investor accumulation. This trend, combined with a 35% increase in new BTC addresses, indicates preparations for a potential bull market phase later this year. Despite these positive signals, some indicators point to a possible price correction. The Coinbase Premium Index (CPI) is currently below its 14-day simple moving average (SMA14), indicating stronger selling pressure in the US market. Since the last update, the price of BTC has dropped from around $70,000 to $63,951.”


CoinDCX Research Team told ABP Live, “The crypto market tumbled down after the Fed's decision to keep the fund rate unchanged. BTC ETF inflows have slowed, while ETH ETF flows are negative due to Grayscale selling. BTC failed to hold above the key resistance of $67,500 and has now dropped below $64,000, showing choppy price action at this level. ETH also got rejected from its resistance at $3,370 and has now dropped below $3,200. The overall market looks dicey with no clear short-term direction. Tomorrow's U.S. unemployment rate announcement is expected to induce more volatility, with an 'Actual' figure greater than 'Forecast' being good for crypto.”


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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.