Cryptocurrency Price Today: Bitcoin, Ethereum Trade Sideways, Mina Becomes Top Gainer
Cryptocurrency price on July 11 quick take: The global market cap rose to $1.19 trillion.
Bitcoin, the world’s oldest and most valued crypto, managed to remain stable within the $30,000 range. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and Ripple (XRP) — saw minor movements across the board. Mina (MINA) emerged to be the biggest gainer of the lot, with a 24-hour jump of over 16 percent. eCash (XEC) became the biggest loser, with a 24-hour loss of over 7 percent.
The global crypto market cap stood at $1.19 trillion at the time of writing, registering a 24-hour gain of 1.31 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,477.83, registering a 24-hour jump of 1.08 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,879.01, marking a 24-hour gain of 0.86 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.62 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.77 percent, as per CoinMarketCap data, currently priced at $0.06525. As per WazirX, Dogecoin price in India stood at Rs 5.68.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.41 percent. At the time of writing, it was trading at $96.92. LTC price in India stood at Rs 8,212.68.
Ripple (XRP) Price Today
XRP price stood at $0.4761, seeing a 24-hour jump of 1.96 percent. As per WazirX, Ripple price stood at Rs 40.50.
Solana (SOL) Price Today
Solana price stood at $21.99, marking a 24-hour gain of 3.20 percent. As per WazirX, SOL price in India stood at Rs 1,836.10.
Top Crypto Gainers Today (July 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mina (MINA)
Price: $0.5051
24-hour gain: 16.13 percent
Polygon (MATIC)
Price: $0.7442
24-hour gain: 9.31 percent
Kava (KAVA)
Price: $1.02
24-hour gain: 6.94 percent
Fantom (FTM)
Price: $0.2785
24-hour gain: 6.56 percent
Binance Coin (BNB)
Price: $246.25
24-hour gain: 5.49 percent
Top Crypto Losers Today (July 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
eCash (XEC)
Price: $0.0000337
24-hour loss: 2.68 percent
XDC Network (XDC)
Price: $0.0313
24-hour loss: 1.54 percent
Maker (MKR)
Price: $920.47
24-hour loss: 1.19 percent
KuCoin Token (KCS)
Price: $6.23
24-hour loss: 1.09 percent
Aave (AAVE)
Price: $70.11
24-hour loss: 1.04 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “During the last 24 hours, Bitcoin has maintained a strong position above the $30,400 level. At present, the price of Bitcoin remains stable as market participants engage in a tug-of-war between bullish and bearish sentiments. Volatility has decreased compared to the previous week, indicating a calmer market environment. Bitcoin has experienced a monthly increase of over 1 percent and an impressive year-to-date surge of 86 percent. In contrast, Ethereum is currently being traded at the $1,870 level. As the focus shifts to the release of US inflation data scheduled for Wednesday, there is a possibility of some volatility this week.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC, up 1.4 percent from yesterday, is trading above the $30,000 mark for the 20th day straight. In fact, the top 10 cryptos by market capitalization are currently trading in the green. After a recent correction in altcoins, traders have finally found some relief in Polygon. The project’s native token, MATIC, rallied close to 10 percent in the last 24 hours and recorded its one-month high, regaining almost all of the losses it registered from the delisting announcement on Robinhood. This comes likely on the basis of the recent announcement of Polygon 2.0 and an ever-increasing Total Value Locked (TVL) on its new chain zkEVM. Broadly, the market is also waiting for important US CPI data for Wednesday.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin's price is revolving around the $30,000 mark. Mixed signals on Bitcoin ETF approval caused prices to soften last week. Standard Chartered predicts Bitcoin's halving event in April could drive up prices as miners hoard the token, reducing supply and pushing prices higher. On WazirX, QuickSwap (QUICK) and Cartesi (CTSI) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin, the dominant cryptocurrency, is currently in a consolidation phase, showing limited price movement. It's currently trading at $30,449 at a tight range with upper resistance near $30,500 and lower support around $30,000. Examining the four-hour time frame, it is clear that Bitcoin is encountering significant resistance at the $30,500 level, reinforced by the double top pattern and the 50-day exponential moving average. Conversely, the $30,000 level serves as strong support, supported by a well-defined trend line. This trend line is expected to resist bearish momentum and prevent a substantial decline.”
Shivam Thakral, the CEO of BuyUCoin, said, “Over the past 24 hours, the overall volume of the cryptocurrency market has increased significantly by 46.03 percent. This increase in trading activity shows how people are becoming more involved and interested in the Bitcoin market. Additionally, the total volume in DeFi is $2.05 billion, or 6.37 percent of the 24-hour volume of the entire crypto market. DeFi, a key segment of the cryptocurrency market that provides decentralised financial solutions, keeps solidifying its position. Additionally, Bitcoin's current price of $30,454 reflects the ongoing market instability and volatility.”
CoinDCX Research Team told ABP Live, “Bitcoin dipped but held above the key $30,000 support level. The world's largest crypto was trading at $30,200, down 2.5 percent from the previous day's close. Ether, the second-largest crypto, also edged lower, trading at $1,850, down 3.5 percent. Most other altcoins also traded lower, as anticipation of further interest rate hikes in the United States reduced appetite for risk across markets.”
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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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