(Source: ECI/ABP News/ABP Majha)
Cryptocurrency Price Today: Bitcoin Dips Below $30,000, Stellar Remains Top Gainer With 24-Hour Jump Of Nearly 24%
Cryptocurrency price on July 20 quick take: The global market cap stood at $1.21 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency, dipped below the $30,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of minor gains and dips across the board. The Stellar (XLM) token remained the top gainer for the second day in a row, with a 24-hour jump of nearly 24 percent. 1INCH, on the other hand, emerged to be the biggest loser for the second consecutive day as well, with a 24-hour loss of nearly 8 percent.
The global crypto market cap stood at $1.21 trillion at the time of writing, registering a 24-hour gain of 0.27 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,966.33, registering a 24-hour loss of 0.39 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.52 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,896.02 marking a 24-hour loss of 1.15 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 1.02 percent, as per CoinMarketCap data, currently priced at $0.07039. As per WazirX, Dogecoin price in India stood at Rs 6.09.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.75 percent. At the time of writing, it was trading at $92.17. LTC price in India stood at Rs 8,000.
Ripple (XRP) Price Today
XRP price stood at $0.8324, seeing a 24-hour gain of 4.57 percent. As per WazirX, Ripple price stood at Rs 71.50.
Solana (SOL) Price Today
Solana price stood at $26.56, marking a 24-hour jump of 0.60 percent. As per WazirX, SOL price in India stood at Rs 2,241.06.
Top Crypto Gainers Today (July 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stellar (XLM)
Price: $0.1735
24-hour gain: 23.18 percent
Hedera (HBAR)
Price: $0.05888
24-hour gain: 10.31 percent
XDC Network (XDC)
Price: $0.0385
24-hour gain: 9.77 percent
Optimism (OP)
Price: $1.55
24-hour gain: 6.20 percent
BitDAO (BIT)
Price: $0.5648
24-hour gain: 4.52 percent
Top Crypto Losers Today (July 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
1inch Network (1INCH)
Price: $0.3341
24-hour loss: 7.31 percent
Sui (SUI)
Price: $0.07115
24-hour loss: 6.07 percent
Frax Share (FXS)
Price: $5.85
24-hour loss: 5.17 percent
Rocket Pool (RPL)
Price: $32.78
24-hour loss: 3.83 percent
Gala (GALA)
Price: $0.02593
24-hour loss: 3.04 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, Bitcoin has been fluctuating between the levels of $29,900 and $30,100. In recent days, BTC has shown a minor slowdown, possibly influenced by investors' growing attraction to altcoins like Ripple, Cardano, and Solana. These altcoins have demonstrated remarkable growth rates of 78 percent, 15 percent, and 23 percent, respectively, over the past week. Both bullish and bearish forces are actively participating in the market. On the other hand, Ethereum's price has fallen below the $1,900 level and is presently trading around $1,894.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC continues to perform within a narrow range of less than 2 percent, around $30,000. In the last 24 hours, XRP (+6.18 percent) continued to be amongst the top performers in terms of volumes and price change alongside its fork XLM (+27 percent). Interestingly, XRP has surpassed the trading volumes of BTC on a majority of exchanges ever since the court ruling against SEC fell in its favour.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Ethereum and Bitcoin traded flat over the previous day’s prices as both tokens went below their recent resistance levels. Major market oscillators indicate a ‘Neutral’ sentiment whereas the 10-day moving average points towards a ‘Sell’ sentiment.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “In the crypto market, Bitcoin is currently trading around $29,970 and could potentially drop as low as $29,500. Meanwhile, Dogecoin (DOGE) outperformed BTC and ETH, rising 3.5 percent in the last 24 hours. DOGE is above $0.07, finding support at its 21-day and 50-day moving averages at $0.066 and $0.067, respectively, and resistance at the 100 DMA near $0.072. Tesla and SpaceX company Elon Musk's tweet further boosted DOGE's value. Stellar Lumens (XLM) regained its position as the best-performing cryptocurrency in the top 100, rising 24 percent. XLM is trading near $0.16, with nearly $700 million in trading volume in the past 24 hours, signalling bullish sentiment.”
Shivam Thakral, the CEO of BuyUCoin, said, “The cryptocurrency market experienced a 3.99 percent decline in volume, but the DeFi sector remained strong, accounting for $2 billion in trading volume. Bitcoin holds strong, with a price of $29,978.03 that is essentially unchanged from the day before. Ether is trading slightly below $1,900. Stellar Lumens' XLM, a blockchain-based payment system, recently reached 15 cents, up 18 percent. The industry's dynamism is evident with decentralized financing impacting transactions.”
CoinDCX Research Team told ABP Live, “The price of Bitcoin bounced off its multi-week low of $29,500 today, reaching a high of $30,000. The move was likely driven by a combination of factors, including the recent approval of two spot Bitcoin ETF applications by the SEC, as well as positive news from XRP. Ripple Labs, the parent company of the XRP, announced that it has invested $54 million in Futureverse, an AI and metaverse company. The move is seen as a vote of confidence in the future of XRP, and it has helped to boost XRP prices by 10 percent in the last 24 hours.”
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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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