Cryptocurrency Price Today: Bitcoin Dips Below $21,000 Yet Again; Ethereum, Dogecoin Struggle Due to Increasing Selling Pressure
Bitcoin price managed to float above the $22,000 mark on July 8, but lost value over the weekend.
Bitcoin (BTC) on July 8 managed to rise above the $22,000 mark, but lost most of its gains over the weekend, dipping below the $21,000 mark yet again on July 11 morning. Subsequently, most other major altcoins also saw major dips in their prices, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP). Even lesser-known altcoins, which usually see a gain of nearly 1,000 percent on any given day, didn’t manage to impress as the top gainer over the last 24 hours is the Chiliz token, which saw a gain of only 4.98 percent.
At the time of writing, the global crypto market cap stood at $917.69 billion as per CoinMarketCap data, registering a 24-hour dip of 2.69 percent.
Bitcoin (BTC) price today
At the time of writing, BTC saw a minor gain and was priced at $20,624.36. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 4.16 percent. As per Indian exchange WazirX, BTC price stood at Rs 16.84 lakhs.
Ethereum (ETH) price today
With a 24-hour dip of 4.20 percent, ETH price stood at $1,153.18. As per WazirX, Ethereum price in India stood at Rs 95,000.
Dogecoin (DOGE) price today
DOGE saw a 24-hour dip of 4.79 percent as per CoinMarketCap data, currently priced at $0.06618. As per WazirX, Dogecoin price in India stood at Rs 5.49.
Litecoin (LTC) price today
Litecoin registered a loss of 6.76 percent over the past 24 hours. At the time of writing, it was priced at $51.39. LTC price in India stood at Rs 4,375.87.
Ripple (XRP) price today
XRP price stood at $0.3252, seeing a 24-hour dip of 5.86 percent. As per WazirX, Ripple price stood at Rs 26.52.
Solana (SOL) price today
Solana price stood at $35.77, marking a 24-hour gain of 6.18 percent. As per WazirX, SOL price in India stood at Rs 2,931.
Top crypto gainers today (July 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Chiliz (CHZ)
Price: $0.1065
24-hour gain: 4.98 percent
Tezos (XTZ)
Price: $1.65
24-hour gain: 3.74 percent
Monero (XMR)
Price: $128.80
24-hour gain: 3.50 percent
Arweave (AR)
Price: $11.90
24-hour gain: 3.28 percent
IOTA (MIOTA)
Price: $0.2893
24-hour gain: 2.26 percent
Top crypto losers today (July 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
STEPN (GMT)
Price: $0.8885
24-hour loss: 9.30 percent
Convex Finance (CVX)
Price: $5.80
24-hour loss: 7.52 percent
THORChain (RUNE)
Price: $2.22
24-hour loss: 6.74 percent
Elrond (EGLD)
Price: $51.34
24-hour loss: 6.71 percent
Curve DAO Token (CRV)
Price: $0.9294
24-hour loss: 6.35 percent
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “Most cryptocurrencies dipped over the weekend with increasing selling pressure. Bitcoin has been down by nearly 4 percent since the last day. If bulls can keep the bar above the $21,000 level, we might see some sharp upward moves. If sellers take over the BTC, we might likely see a bearish trend this week. While on the other hand, as the price of Ethereum also falls, the revenue of projects based on the network is also plunging drastically. ETH has lost nearly 5 percent, and it is about to test its support level at$1,200. If buyers lose control to sellers, we might see Ethereum falling to the $1,000 zone.”
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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