(Source: ECI/ABP News/ABP Majha)
Cryptocurrency Price Today: Bitcoin Continues To See Downward Trend, Dips Below $65,000
Cryptocurrency price on July 25 quick take: The global market cap dipped to $2.31 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, has been on a steady decline this week, dipping below the $65,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — mostly saw minor losses across the board as the overall Market Fear & Greed Index stood at 59 (Neutral) out of 100, as per CoinMarketCap data. The FLOW token became the biggest gainer of the lot, with a 24-hour jump of over 7 percent. Mog Coin (MOG) became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $2.31 trillion at the time of writing, registering a 24-hour dip of 3.25 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,243.63, registering a 24-hour dip of 2.27 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 45.03 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,182.47, marking a 24-hour dip of 7.37 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 5.19 percent, as per CoinMarketCap data, currently priced at $0.1242. Dogecoin price in India stood at Rs 8.91.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.31 percent. At the time of writing, it was trading at $69.63. LTC price in India stood at Rs 5,023.08.
Ripple (XRP) Price Today
XRP price stood at $0.6012, seeing a 24-hour jump of 0.53 percent. Ripple price in India stood at Rs 43.20.
Solana (SOL) Price Today
Solana price stood at $172.09, marking a 24-hour dip of 0.29 percent. SOL price in India stood at Rs 10,250.
Top Crypto Gainers Today (July 25)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flow (FLOW)
Price: $0.6449
24-hour gain: 7.20 percent
Pyth Network (PYTH)
Price: $0.3486
24-hour gain: 3.89 percent
Jupiter (JUP)
Price: $0.9948
24-hour gain: 2.59 percent
Popcat (SOL) (POPCAT)
Price: $0.8152
24-hour gain: 2.03 percent
Worldcoin (WLD)
Price: $2.22
24-hour gain: 1.32 percent
Top Crypto Losers Today (July 25)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mog Coin (MOG)
Price: $0.000001702
24-hour loss: 11.96 percent
Ronin (RON)
Price: $2
24-hour loss: 9.63 percent
Mantle (MNT)
Price: $0.7982
24-hour loss: 9.11 percent
Ethereum Name Service (ENS)
Price: $26.04
24-hour loss: 8.96 percent
Celestia (TIA)
Price: $5.83
24-hour loss: 8.92 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin dropped to the $64,000 level following a sharp decline in US tech stocks, driven by disappointing earnings from major companies like Alphabet and Tesla. The ongoing selling pressure from Mt. Gox creditors also continues to weigh on the market. The next support levels are at $63,200 and $62,500, while resistance is at $65,500. Traders are now looking ahead to Friday's US economic data release and Donald Trump’s upcoming speech in Nashville on Saturday.”
CoinSwitch Markets Desk noted, “Bitcoin's decline persists amid ongoing transfers to Mt. Gox creditors, impacting market sentiment. The slump in BTC isn't an isolated event; US-based tech stocks also experienced significant drops yesterday. Another factor contributing to the crypto downturn is the recent launch of the Ethereum ETF. The outflows from Grayscale have intensified pressure on ETH, causing it to break below the crucial $3,300 support level. If the Ethereum ETF mirrors the trading patterns of Bitcoin ETFs, ETH could potentially dip below $3,000 before rebounding towards the $5,000 mark.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is trading at $66,440, up 0.72% as Kamala Harris and Donald Trump launch their 2024 presidential campaign. Harris, highlighting her legal background, criticized Trump and contrasted their visions. Trump countered by focusing on immigration and crime. Meanwhile, Mt. Gox transferred $2.5 billion in bitcoins to lenders, which may impact supply. Analysts expect limited market effects due to institutional ownership and prior expectations. Despite reports of a 2% drop in price after the transfer, strong inflows into bitcoin ETFs such as BlackRock show continued investor confidence. Technical analysis shows resistance at $67,360 and support at $65,500. Bitcoin's bullish trend hinges on a break above $66,600, signaling the potential for higher prices.”
Shivam Thakral, CEO of BuyUcoin, said, “Despite a slight 3.95% decrease in global market cap to $2.31 trillion, the crypto market remains resilient. The DeFi sector continues to thrive, contributing $4.55 billion to the market. Bitcoin’s dominance has increased to 54.84%, showcasing investor confidence in the leading cryptocurrency. The Ethereum ETFs attracted $10 billion in assets and $1.1 billion in trading trading volume on the first day of launch. While BTC experienced a 3% decline, settling at approximately $65,891.50. The market reaction has been mixed, with BTC ETF facing outflows, but analysts remain optimistic about the potential for recovery.”
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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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