Cryptocurrency Price Today: Bitcoin Dips Below $20,000 As Bearish Sentiment Continues
“We might see BTC falling to $18,000 as bearish sentiment persists in the market,” Mudrex CEO Edul Patel told ABP Live.
Bitcoin (BTC) is finding it hard to land in the greens over the past few days. The world’s oldest and most valued cryptocurrency has been on a free fall, dipping below the $20,000 mark late on Monday. Along with it, the prices of most other popular altcoins have also plunged worryingly, including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL). On the other hand, the Polygoin (MATIC) token turned out to be the biggest gainer over the past 24 hours, along with other lesser known altcoins such as Loopring and Nexo.
At the time of writing, the global crypto market cap stood at $886.56 billion as per CoinMarketCap data, registering a 24-hour dip of 3.45 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $19,923.35. As per CoinMarketCap, Bitcoin saw a 24-hour loss of 3.34 percent. As per Indian exchange WazirX, BTC price stood at Rs 16.50 lakhs.
Ethereum (ETH) price today
With a 24-hour dip of 5.74 percent, ETH price stood at $1,085.48. As per WazirX, Ethereum price in India stood at Rs 91,000.
Dogecoin (DOGE) price today
DOGE saw a 24-hour dip of 6.04 percent as per CoinMarketCap data, currently priced at $0.06211. As per WazirX, Dogecoin price in India stood at Rs 5.39.
Litecoin (LTC) price today
Litecoin registered a loss of 5.16 percent over the past 24 hours. At the time of writing, it was priced at $48.75. LTC price in India stood at Rs 4,095.71.
Ripple (XRP) price today
XRP price stood at $0.3137, seeing a 24-hour dip of 3.58 percent. As per WazirX, Ripple price stood at Rs 25.87.
Solana (SOL) price today
Solana price stood at $33.58, marking a 24-hour dip of 6.04 percent. As per WazirX, SOL price in India stood at Rs 2,790.
Top crypto gainers today (July 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Polygon (MATIC)
Price: $0.576
24-hour gain: 3.25 percent
Loopring (LRC)
Price: $0.3922
24-hour gain: 2.80 percent
Nexo (NEXO)
Price: $0.6156
24-hour gain: 0.86 percent
Mina (MINA)
Price: $0.6557
24-hour gain: 0.48 percent
Chiliz (CHZ)
Price: $0.107
24-hour gain: 0.47 percent
Top crypto losers today (July 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Uniswap (UNI)
Price: $5.48
24-hour loss: 11.23 percent
Aave (AAVE)
Price: $69.74
24-hour loss: 9.95 percent
THORChain (RUNE)
Price: $2.01
24-hour loss: 9.31 percent
Neo (NEO)
Price: $8.27
24-hour loss: 8.66 percent
Convex Finance (CVX)
Price: $5.32
24-hour loss: 8.49 percent
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “Bitcoin dropped below the $20,000 level on Monday, as prices continued to slip for another consecutive day. If the price drops below the current level, we might see BTC falling to $18,000 as bearish sentiment persists in the market. While on the other side, the bullish sentiment was nowhere seen for Ethereum as it dropped below the$1,100 level reversing its weekly gains. If ETH fails to sustain above the $1,140 level, we might see it plunge to even to the $900 as the buying strength has declined over the past few days.”
Commenting on the market scenario on Monday, Sathvhik Vishwanath, the CEO and Co-Founder of crypto exchange Unocoin, told ABP Live, "The dip seen on Sunday continued on Monday as well and contributed to market cap loss of up to 4 percent on Monday alone. The same pattern can be seen during last weekend as well. Subsequent similar patterns over weeks could mean a new status quo in prices and should be waited and watched."
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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