Cryptocurrency Price Today: Bitcoin Dips Below $65,000, Lido DAO Becomes Top Gainer
Cryptocurrency price on July 18 quick take: The global market cap rose to $2.37 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $65,000 mark early Thursday, showing first signs of slump after a solid few days. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), 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 Lido DAO (LDO) token emerged to be the biggest gainer, with a 24-hour jump of over 6 percent. Mog Coin (MOG) became the biggest loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $2.37 trillion at the time of writing, registering a 24-hour dip of 1.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,780.29, registering a 24-hour dip of 1.55 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 57 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,425.87, marking a 24-hour loss of 1.64 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.02 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.78 percent, as per CoinMarketCap data, currently priced at $0.1233. As per WazirX, Dogecoin price in India stood at Rs 10.84.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.68 percent. At the time of writing, it was trading at $72.23. LTC price in India stood at Rs 6,235.35.
Ripple (XRP) Price Today
XRP price stood at $0.6096, seeing a 24-hour jump of 2.60 percent. As per WazirX, Ripple price stood at Rs 53.30.
Solana (SOL) Price Today
Solana price stood at $158.51, marking a 24-hour loss of 1.77 percent. As per WazirX, SOL price in India stood at Rs 13,949.76.
Top Crypto Gainers Today (July 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Lido DAO (LDO)
Price: $1.99
24-hour gain: 6.28 percent
Render (RNDR)
Price: $6.78
24-hour gain: 4.42 percent
Neo (NEO)
Price: $11.93
24-hour gain: 4.37 percent
THORChain (RUNE)
Price: $4.36
24-hour gain: 4.06 percent
Axie Infinity (AXS)
Price: $6.34
24-hour gain: 3.88 percent
Top Crypto Losers Today (July 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mog Coin (MOG)
Price: $0.000002048
24-hour loss: 7.57 percent
Brett (Based) (BRETT)
Price: $0.1326
24-hour loss: 6.88 percent
JasmyCoin (JASMY)
Price: $0.02955
24-hour loss: 6.71 percent
Pepe (PEPE)
Price: $0.00001185
24-hour loss: 5.33 percent
Starknet (STRK)
Price: $0.6036
24-hour loss: 5.20 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is consolidating at $64,000 level as the US equity market dropped. BTC tried to break through the $66,000 resistance level but couldn't maintain the upward momentum. If Bitcoin starts to rise again, it might encounter resistance at $65,000, with support found at $63,850. Meanwhile, Ethereum is trading at $3,400, with bulls aiming to push the price up to $3,730. Sellers are expected to put up a strong defence around the $4,000 mark. Additionally, BlackRock's recent purchase of 4,004 Bitcoin has led to a surge in inflows for the asset management giant.”
CoinSwitch Markets Desk noted, “After 5 consecutive green days, BTC encountered a red day as the US top stock market index- NASDAQ 100 also had its worst day since December 2022. While the support was found around the 64k USD mark, 65k USD needs to be broken with volumes for another leg up for the world’s largest crypto. In altcoins, Telegram-backed-The Open Network’s TON has announced a trustless DeFi bridge for Bitcoin which will facilitate secure bitcoin transfers to and from the ton network. This could be a bullish catalyst for an already popular chain.”
Rajagopal Menon, Vice President, WazirX, said, “In a surprising turn, Bitcoin (BTC) has slid over the past 24 hours following a recent rally. Analysts attribute this dip to a potential liquidity crunch in the stablecoin market. Sentiment also took a hit after Peter Schiff expressed his preference for gold over Bitcoin. The market has seen dramatic price swings since the start of 2024, keeping investors cautious. However, clarity on upcoming interest rate cuts could bring some relief.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Crypto analyst Kevin Svenson predicts a parabolic rally for Bitcoin, similar to the surge in 2017, suggesting an unprecedented peak. His analysis highlights strong structural growth and bullish sentiment, which excites investors. Recent inflows into US spot bitcoin ETFs have pushed BTC prices above $65,000, with BlackRock's iShares Bitcoin Trust leading the way. Currently, Bitcoin (BTC/USD) is trading around $64,610 with resistance levels at $65,980, $66,940 and $67,940 and support at $63,980, $63,020 and $62,330. RSI 61 and 50-day EMA at $63,020 indicate positive momentum and reinforce Svenson's bullish forecast.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market witnessed an increased supply of BTC as defunct exchange Mt. Gox moved $2.8 billion worth of Bitcoin to internal wallets. The BTC refunded by Mt. Gox might be sold immediately by retail investors as they have been waiting for almost a decade for this repayment. BTC fell below the $63,000 level but recovered shortly and is trading above the $64,000 mark. We can expect markets to remain volatile due to uncertainty in the macroeconomic factors.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market experienced a slight downturn, likely a small pullback in tokens. Despite this, the overall market sentiment remains bullish and healthy for the short term. BTC ETF inflows continue to be net positive, indicating sustained interest and investment. Additionally, ETH ETFs are set to begin trading in a few days, which could potentially allow ETH to outperform BTC. In a significant development, SEC Commissioner Hester Peirce mentioned that both staking and in-kind creation for Ether/Bitcoin ETFs are ‘open to re-evaluation,’ leading to a 10% jump in ETH staking project tokens like LIDO. Today's US unemployment claims data and the ECB press conference could induce further volatility in the market this evening.”
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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.
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