Cryptocurrency Price Today: Bitcoin, Ethereum See Dips; 1INCH Becomes Top Gainer
Cryptocurrency price on July 17 quick take: The global market cap rose to $1.21 trillion.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptos in the world, dipped below the $31,000 and $2,000 marks, respectively, over the weekend, losing their streak from Friday. Ripple (XRP) appears to have slowed down following its mega rally late last week. Other popular altcoins — including the likes of Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) — saw a fair mix of dips and gains across the board. The 1INCH token emerged to the biggest gainer among the lot, with a 24-hour gain of nearly 35 percent.
The global crypto market cap stood at $1.21 trillion at the time of writing, registering a 24-hour gain of 0.19 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,299.13, registering a 24-hour jump of 0.21 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.96 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,928.98 marking a 24-hour gain of 0.10 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.66 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.95 percent, as per CoinMarketCap data, currently priced at $0.07028. As per WazirX, Dogecoin price in India stood at Rs 5.95.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.30 percent. At the time of writing, it was trading at $93.28. LTC price in India stood at Rs 8,100.
Ripple (XRP) Price Today
XRP price stood at $0.7552, seeing a 24-hour jump of 5.45 percent. As per WazirX, Ripple price stood at Rs 65.
Solana (SOL) Price Today
Solana price stood at $28.14, marking a 24-hour gain of 2.51 percent. As per WazirX, SOL price in India stood at Rs 2,410.
Top Crypto Gainers Today (July 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
1inch Network (1INCH)
Price: $0.4938
24-hour gain: 34.84 percent
Maker (MKR)
Price: $986.07
24-hour gain: 7 percent
Optimism (OP)
Price: $1.52
24-hour gain: 6.08 percent
Algorand (ALGO)
Price: $0.1197
24-hour gain: 5.97 percent
Ripple (XRP)
Price: $0.7535
24-hour gain: 4.94 percent
Top Crypto Losers Today (July 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0.000001545
24-hour loss: 4.71 percent
Lido DAO (LDO)
Price: $2.20
24-hour loss: 3.46 percent
Injective (INJ)
Price: $9.01
24-hour loss:3.37 percent
Fantom (FTM)
Price: $0.2609
24-hour loss: 3.02 percent
Binance (BNB)
Price: $242.82
24-hour loss: 2.52 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin encountered a surge the previous week following a favourable US Federal court ruling in favour of Ripple, and it is presently in a consolidation phase at the $30,200 level. In recent weeks, bullish investors have been diligently working to sustain Bitcoin's price above $30,000 to prevent a decline. To accomplish this, the bulls must act promptly and exert consistent efforts to maintain the price above $31,000. Meanwhile, Ethereum is currently trading above $1,900.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC is back to trading around pre-Ripple ruling levels, i.e., $30,000. The SEC is likely to now review BlackRock’s spot BTC ETF application in a serious manner as the regulator adds it to the official docket. We may see a positive price action in BTC’s performance if the application is approved. ETH dipped below the $2,000 mark before the weekend's start, and has been trading around sub $1,900 levels ever since.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price faces a setback, falling to $30,330 from decisive resistance at $31,793. Bank of America's suspension of a Coinbase user's account for Bitcoin transactions highlights the challenges for banks in handling digital assets. Meanwhile, Judge Torres' ruling that XRP is not a security drew regulatory criticism. Bitcoin finds support at $30,000, supported by an uptrend line and bullish sentiment. However, it needs to break through the resistance at $30,411. The RSI, MACD and 50-day EMA show bearish sentiment and resistance near $30,750. A break below $30,000 could lead to $29,500 and continue towards $28,700. On the downside, a break above $30,400 may target $30,700 and $31,350. Traders need to keep a close eye on $30,000 to determine the trend.”
Rajagopal Menon, Vice President, WazirX, offered his take, “India has indicated support towards digital asset monitoring against financial crimes, paving the way for consumer confidence.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is upbeat as SEC approval for Bitcoin ETF is likely as per some media reports. BTC is holding strong above the $30,000 mark for the second week while ETH is close to the $2,000 mark. The latest developments between Ripple CEO and SEC have amplified the demand for robust regulations for the digital asset industry. The G20 meeting at Gandhinagar today under India’s presidency will also pave the way for consensus on digital asset regulations by bringing the G20 leaders on a common platform. The market is expected to avoid major fluctuations as there is no economic data released lined for this week.”
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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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