(Source: ECI/ABP News/ABP Majha)
Cryptocurrency Price Today: Bitcoin Shows Signs Of Recovery, Ethereum Classic Becomes Top Gainer
Cryptocurrency Price Today in India 18 July 2022: Bitcoin price stood at $21,273.21 on early Monday morning.
The overall crypto market has shown strong signs of recovery over the weekend. Ethereum (ETH), the world’s second most valuable cryptocurrency, rose above the $1,400 mark on July 18 morning. Along with ETH, most other popular crypto coins also registered considerable gains, including the likes of Bitcoin (BTC), Litecoin (LTC), and Solana (SOL). As the final Ethereum Merge is set to take place in September, the Ethereum Classic (ETC) became the top gainer over the past 24 hours, along with other lesser-known altcoins.
At the time of writing, the global crypto market cap stood at $977.87 billion as per CoinMarketCap data, registering a 24-hour gain of 0.41 percent. If all goes well, the global cap is expected to surpass the $1-trilion mark soon.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $21,273.21. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.05 percent. As per Indian exchange WazirX, BTC price stood at Rs 17.21 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 4 percent, ETH price stood at $1,405.27. As per WazirX, Ethereum price in India stood at Rs 1,14,997.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 1.20 percent as per CoinMarketCap data, currently priced at $0.06506. As per WazirX, Dogecoin price in India stood at Rs 5.35.
Litecoin (LTC) price today
Litecoin registered a gain of 3.40 percent over the past 24 hours. At the time of writing, it was priced at $57.34. LTC price in India stood at Rs 4,504.01.
Ripple (XRP) price today
XRP price stood at $0.356, seeing a 24-hour gain of 0.14 percent. As per WazirX, Ripple price stood at Rs 29.
Solana (SOL) price today
Solana price stood at $40.76, marking a 24-hour gain of 1.95 percent. As per WazirX, SOL price in India stood at Rs 3,325.
Top crypto gainers today (July 18)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Classic (ETC)
Price: $21.21
24-hour gain: 17.28 percent
Theta Fuel (TFUEL)
Price: $0.05931
24-hour gain: 12.12 percent
Lido DAO (LDO)
Price: $1.71
24-hour gain: 11.05 percent
ApeCoin (APE)
Price: $5.21
24-hour gain: 9.43 percent
The Graph (GRT)
Price: $0.1098
24-hour gain: 8.87 percent
Top crypto losers today (July 18)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $5.24
24-hour loss: 5.97 percent
TerraClassicUSD (USTC)
Price: $0.04262
24-hour loss: 2.54 percent
Zcash (ZEC)
Price: $61.40
24-hour loss: 2.46 percent
The Sandbox (SAND)
Price: $1.22
24-hour loss: 2.11 percent
Curve DAO Token (CRV)
Price: $1.13
24-hour loss: 2.10 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “Most cryptocurrencies retained their gains over the weekend. Despite a slight decline, Bitcoin remained above the $20,000 level, indicating that the selling volume has come down. BTC will likely trade sideways between $20,000 and $21,000 in the coming days. The second largest cryptocurrency, Ethereum, has outperformed the market by gaining 17 percent over the previous week. Ethereum has traded at the $1,355 level for the first time in a month on Saturday as Merge draws nearer.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of crypto exchange Unocoin told ABP Live, “The recovery started on Friday continued over the weekend making the crypto market capitalisation about 6 percent stronger. While most of this gain was obtained during the latter half of Friday and Saturday, Sunday was only successful in keeping the stability in the market. The coins focussed on decentralised exchanges and decentralised metaverse saw a steep increase on Sunday and most of the other prominent crypto assets did not see any price action on Sunday.”
Tushar Gandotra, Founder and CEO of crypto exchange FiEx, told ABP Live, “It looks like Ethereum is leading the upward trend. Good support is being shown in the market. BTC is inching towards $23,000 mark. In the short term, the trend has changed. Overall volume is increasing which is a good sign.”
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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