Cryptocurrency Price Today: Ethereum Fails To Rise Above $1,900, Bitcoin Stable At $30,000
Cryptocurrency price on July 10 quick take: The global market cap dipped to $1.17 trillion.
Bitcoin, the world’s oldest and most valued crypto, managed to remain stable within the $30,000 range as most coins saw a mix of gains and dips early Friday. Popular altcoins — including the likes of Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and Ripple (XRP) — saw minor movements across the board, with Ethereum (ETH) failing to reclaim the $1,800 mark over the weekend. Compound (COMP) emerged to be the biggest gainer of the lot, with a 24-hour jump of over 11 percent. Wrapped Bitcoin (WBTC) became the biggest loser, with a 24-hour loss of over 7 percent.
The global crypto market cap stood at $1.17 trillion at the time of writing, registering a 24-hour dip of 0.63 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,183.19, registering a 24-hour dip of 0.44 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,863.28, marking a 24-hour dip of 0.28 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.08 percent, as per CoinMarketCap data, currently priced at $0.06483. As per WazirX, Dogecoin price in India stood at Rs 5.60.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.65 percent. At the time of writing, it was trading at $93.82. LTC price in India stood at Rs 8,200.
Ripple (XRP) Price Today
XRP price stood at $0.4662, seeing a 24-hour loss of 1.04 percent. As per WazirX, Ripple price stood at Rs 40.
Solana (SOL) Price Today
Solana price stood at $21.34, marking a 24-hour dip of 1.93 percent. As per WazirX, SOL price in India stood at Rs 1,869.99.
Top Crypto Gainers Today (July 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Compound (COMP)
Price: $59.69
24-hour gain: 11.22 percent
UNUS SED LEO (LEO)
Price: $3.97
24-hour gain: 4.10 percent
Curve DAO Token (CRV)
Price: $0.8106
24-hour gain: 3.45 percent
eCash (XEC)
Price: $0.00003505
24-hour gain: 1.68 percent
Kava (KAVA)
Price: $0.9522
24-hour gain: 0.49 percent
Top Crypto Losers Today (July 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Wrapped Bitcoin (WBTC)
Price: $27,958.62
24-hour loss: 7.70 percent
Conflux (CFX)
Price: $0.1771
24-hour loss: 6.20 percent
Fantom (FTM)
Price: $0.261
24-hour loss: 6.02 percent
Pepe (PEPE)
Price: $0.000001485
24-hour loss: 5.09 percent
Avalanche (AVAX)
Price: $13.35
24-hour loss: 5.02 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has maintained a sideways trading pattern, with its value above the $30,000 mark over the past 24 hours. In recent days, BTC has been trading within the range of $30,000 and $31,400. This price range indicates active participation from both bullish and bearish investors, although bullish traders have demonstrated strong support near the $30,000 level. Volatility has decreased compared to the previous week, signifying a period of consolidation as Bitcoin prepares for its next move. It is important to closely monitor the $30,000 support level as a potential failure to sustain it may lead to a breakout, with the next support level expected at around $29,500.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC continues to trade above its $30,000 support level despite being slightly down in the last 24 hours, as well as seven days. While the BTC ETF narrative bolstered investor sentiments over the past month, a new report by JP Morgan suggests that this offering may not be as revolutionary. The report suggests that similar products have existed in Canada and Europe, and witnessed limited inflows. However, whales continue to accumulate BTC and aren’t showing signs of a slowdown.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin, the world's largest crypto, began the week by defending the $30,000 support, eyes on Bitcoin ETF approval. BlackRock CEO Larry Fink's surprising endorsement of Bitcoin sparks debate among analysts. Market awaits SEC decision. On WazirX, HiFi Finance (HIFI) and Bob (BOB) have been the top gainers in the last 24 hours."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) is trading sideways on the daily chart, with reduced volatility signalling a potential build-up of energy for a breakout. However, if the buyers fail to hold the $30,000 support zone, the support could be breached, leading to a move towards $29,000. Ethereum (ETH) outperformed BTC, but saw a 2.72 percent drop in price over the past week. On the daily time frame, ETH is consolidating in a narrow range of $1,850-$1,900, suggesting a continuation of this pattern in the coming week. Binance Coin (BNB) is showing bearish sentiment and is nearing the support level at $228.4 and could potentially fall further to $220. BNB is currently trading at $234.9.”
Shivam Thakral, the CEO of BuyUCoin, said, “The amount of trade in the cryptocurrency market witnessed a significant boost, rising to a massive $21.95 billion in the previous day, a major gain of 9.15%. Decentralised finance (DeFi) has become a significant player in this industry, accounting for $1.81 billion in volume, or 8.25% of the entire crypto market volume. Bitcoin's current price of $30,201 reflects its continued impact on the market as a whole.”
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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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