Cryptocurrency Price Today: Bitcoin Sees Slight Dip Ahead Of Modi 3.0’s First Union Budget Presentation
Cryptocurrency price on July 23 quick take: The global market cap dipped to $2.42 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 mark early Tuesday ahead of the Union Budget presentation. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 63 (Greed) out of 100, as per CoinMarketCap data. The Ethereum Name Service (ENS) token emerged to be the biggest gainer, with a 24-hour jump of nearly 3 percent. Mog Coin (MOG) became the biggest loser, with a 24-hour dip of over 13 percent.
The global crypto market cap stood at $2.42 trillion at the time of writing, registering a 24-hour dip of 1.86 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,401.74, registering a 24-hour dip of 1.95 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 45.03 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,430.01, marking a 24-hour dip of 2.19 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 5.05 percent, as per CoinMarketCap data, currently priced at $0.1336. Dogecoin price in India stood at Rs 8.91.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.30 percent. At the time of writing, it was trading at $70.84. LTC price in India stood at Rs 5,023.08.
Ripple (XRP) Price Today
XRP price stood at $0.5969, seeing a 24-hour jump of 0.42 percent. Ripple price in India stood at Rs 43.20.
Solana (SOL) Price Today
Solana price stood at $174.03, marking a 24-hour dip of 3.47 percent. SOL price in India stood at Rs 10,250.
Top Crypto Gainers Today (July 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Name Service (ENS)
Price: $26.89
24-hour gain: 2.57 percent
Bitget Token (BGB)
Price: $1.19
24-hour gain: 0.98 percent
UNUS SED LEO (LEO)
Price: $5.78
24-hour gain: 0.68 percent
Ripple (XRP)
Price: $0.5966
24-hour gain: 0.20 percent
Ethereum Classic (ETC)
Price: $23.82
24-hour gain: 0.16 percent
Top Crypto Losers Today (July 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mog Coin (MOG)
Price: $0.00000197
24-hour loss: 13.25 percent
Bonk (BONK)
Price: $0.00002812
24-hour loss: 11.76 percent
Ethena (ENA)
Price: $0.4335
24-hour loss: 9.48 percent
Bittensor (TAO)
Price: $314.33
24-hour loss: 8.55 percent
Notcoin (NOT)
Price: $0.01428
24-hour loss: 8.46 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is consolidating around the $67,000 level as market participants book profits and the US dollar strengthens. Despite this, bullish sentiment remains strong, with Bitcoin gaining about 5% in the past week. The key resistance level is at $68,300, while support lies at $66,500. Additionally, Ether ETFs are set to begin trading today, signaling the SEC's approval. This development is expected to attract interest from institutional investors, potentially driving further market activity.”
CoinSwitch Markets Desk noted, “Bitcoin continues its uptrend as it finds support at the crucial $66.6k - however, $69k is a major resistance which needs to be broken down with volumes to give BTC a chance to break all-time highs yet again. On the other hand, US regulators have now given final approval for Ethereum-based ETF products, meaning institutions will now have access to more than 71% of the $2.45 trillion crypto asset industry directly through regulated products. Lastly, India's Union Budget is set to be announced today, and the crypto industry is hoping for tax reductions.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is currently trading at $67,410, a slight decrease of almost 1%. On the 4-hour chart, $66,660 serves as a crucial pivot point for traders. Immediate resistance levels are seen at $68,420, followed by $69,250 and $70,090. Support is noted at $65,880, with further levels at $65,120 and $64,300. Technical indicators offer mixed signals: the RSI sits at 55, indicating neutrality, while the 50-day EMA at $66,250 suggests a buying trend above $66,000. An ascending trendline near $66,660 provides further bullish support, with Bitcoin's outlook remaining positive above this level. However, a break below $66,660 could trigger a significant downtrend.”
CoinDCX Research Team told ABP Live, “The crypto market moved sideways as volatility remains high with a mix of news and announcements. Ethereum trading is set to start today, greenlit by the SEC, and how the price will react remains to be seen. This week is crucial and expected to be highly volatile due to several factors. Key macro events include the U.S. GDP Q data, the PCE Price Index, and Unemployment Claims, all of which could influence market movements. Additionally, Mt. Gox creditors will also receive their BTC and BCH, with uncertain market reactions. Finally, the Bitcoin Conference this weekend, featuring Donald Trump as the main speaker, could significantly impact the market.”
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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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