Cryptocurrency Price Today: Bitcoin Dips Below $67,000, Mog Coin Becomes Biggest Gainer
Cryptocurrency price on July 30 quick take: The global market cap dipped to $2.39 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) —saw minor gains across the board as the overall Market Fear & Greed Index stood at 61 (Greed) out of 100, as per CoinMarketCap data. The Mog Coin (MOG) token became the biggest gainer of the lot, with a 24-hour jump of over 12 percent. POPCAT became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $2.39 trillion at the time of writing, registering a 24-hour dip of 2.92 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,556.83, registering a 24-hour dip of 4.49 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 58.13 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,315.58, marking a 24-hour loss of 1.79 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 4.02 percent, as per CoinMarketCap data, currently priced at $0.1292. Dogecoin price in India stood at Rs 11.20.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.26 percent. At the time of writing, it was trading at $73.35. LTC price in India stood at Rs 5,023.08.
Ripple (XRP) Price Today
XRP price stood at $0.5979, seeing a 24-hour dip of 1.95 percent. Ripple price in India stood at Rs 50.79.
Solana (SOL) Price Today
Solana price stood at $182.11, marking a 24-hour loss of 5.72 percent. SOL price in India stood at Rs 15,738.
Top Crypto Gainers Today (July 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mog Coin (MOG)
Price: $0.000002059
24-hour gain: 12.63 percent
Bitcoin SV (BSV)
Price: $53.07
24-hour gain: 11.46 percent
BOOK OF MEME (BOME)
Price: $0.01033
24-hour gain: 9.19 percent
eCash (XEC)
Price: $0.00004101
24-hour gain: 7.51 percent
AIOZ Network (AIOZ)
Price: $0.6458
24-hour gain: 7.15 percent
Top Crypto Losers Today (July 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Popcat (SOL) (POPCAT)
Price: $0.7514
24-hour loss: 11.43 percent
Jupiter (JUP)
Price: $1.08
24-hour loss: 9.50 percent
Ethena (ENA)
Price: $0.4326
24-hour loss: 7.40 percent
Bittensor (TAO)
Price: $319.95
24-hour loss: 7 percent
dogwifhat (WIF)
Price: $2.34
24-hour loss: 6.98 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's price reached a six-week high following Donald Trump's speech in Nashville the last week. However, it subsequently fell below the $67,000 mark after the US government transferred $2 billion worth of Silk Road tokens yesterday. Currently, BTC is stabilizing around $66,500. The next support level is at $65,500, while resistance is anticipated at $67,200.”
CoinSwitch Markets Desk noted, “Following a recent high of $70,000, Bitcoin briefly fell below the $66,000 mark yesterday. This dip was triggered by the US government transferring approximately $2 billion worth of seized Bitcoin to another wallet, sparking fears of an impending sell-off. This event occurred just a day after presidential candidate Donald Trump announced plans to establish a government Bitcoin reserve.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) surged to $69,761 on the back of Donald Trump's support for a national bitcoin reserve and favorable regulation. Trump Jr.'s endorsement at the Bitcoin2024 conference and Trump's promise to keep US bitcoin holdings boosted market confidence. Meanwhile, Hong Kong's proposal to include bitcoin in financial reserves aims to boost institutional demand. However, economist Peter Schiff's criticism of the "never sell bitcoin" strategy casts doubt on bitcoin's long-term value. Currently trading at $69,310, Bitcoin faces immediate resistance at $70,016 and support at $68,811. Technical indicators suggest a bullish trend above $68,800 with potential for further gains if key resistance levels are breached.”
Shivam Thakral, CEO of BuyUcoin, said, “The discussions around the US potentially holding a strategic reserve of Bitcoin, there is a significant shift in market sentiment. Despite a slight decrease in the global market cap, total trading volume rose by 60.18% over the last 24 hours. Bitcoin’s dominance remains strong at 54.90%, reflecting optimism in the market. The idea of a strategic Bitcoin reserve not only highlights Bitcoin’s value but also sets the stage for a transformative shift.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market has dropped significantly as the US government moved BTC worth $2 billion. These transfers have occurred multiple times in the past, and if the market is strong, the price will eventually rebound. Technically, BTC is experiencing choppy price action around the key level near $67,000. ETH, on the other hand, closed in the green yesterday, outperforming BTC. In the short term, ETH needs to reclaim above $3,360. Notably, tomorrow's US Federal fund rate announcement will be important and is expected to induce more volatility in 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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