Cryptocurrency Price Today: Bitcoin Rises Above $23,000, Ethereum Continues Bull Run
Cryptocurrency price on July 20 quick take: The crypto market has been growing steadily over the past few days, showing signs of recovery after weeks of slump.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, appears to be on a steady path to recovery as it surpassed the $23,000 mark on Tuesday. It still has a long way to go to meet its all-time high of $68,000, but the current price performance is notably better than the low of $18,000 seen last month. Ethereum (ETH), on the other hand, continues to grow amid news of the Merge approaching fast. Most other popular altcoins, including the likes of Dogecoin (DOGE), Solana (SOL), and Ripple (XRP).
At the time of writing, the global crypto market cap stood at $1.06 trillion as per CoinMarketCap data, registering a 24-hour gain of 4.23 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,421.06. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 6.892.56 percent. As per Indian exchange WazirX, BTC price stood at Rs 19.28 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 3.91 percent, ETH price stood at $1,561.16. As per WazirX, Ethereum price in India stood at Rs 1.29 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 5.65 percent as per CoinMarketCap data, currently priced at $0.06968. As per WazirX, Dogecoin price in India stood at Rs 5.71.
Litecoin (LTC) price today
Litecoin registered a gain of 2.95 percent over the past 24 hours. At the time of writing, it was priced at $58.37. LTC price in India stood at Rs 4,825.
Ripple (XRP) price today
XRP price stood at $0.378, seeing a 24-hour gain of 7.12 percent. As per WazirX, Ripple price stood at Rs 30.52.
Solana (SOL) price today
Solana price stood at $43.65, marking a 24-hour gain of 7.40 percent. As per WazirX, SOL price in India stood at Rs 3,750.74.
Top crypto gainers today (July 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flow (FLOW)
Price: $2.07
24-hour gain: 20.69 percent
Fantom (FTM)
Price: $0.3406
24-hour gain: 14.75 percent
Enjin Coin (ENJ)
Price: $0.6437
24-hour gain: 14.32 percent
Mina (MINA)
Price: $0.8132
24-hour gain: 14.25 percent
NEM (XEM)
Price: $0.05085
24-hour gain: 14.10 percent
Top crypto losers today (July 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
TerraClassicUSD (USTC)
Price: $0.04267
24-hour loss: 2.31 percent
Curve DAO Token (CRV)
Price: $1.26
24-hour loss: 2.28 percent
Ethereum Classic (ETC)
Price: $24.90
24-hour loss: 1.99 percent
Arweave (AR)
Price: $15.85
24-hour loss: 1.87 percent
Binance USD (BUSD)
Price: $0.9986
24-hour loss: 0.02 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, “Bitcoin and Ethereum continued to hover for another consecutive day. BTC has retested the $23,000 level after weeks of trading between $17,000 and $21,000. The next vital level of BTC will be $25,000 if the upward trend continues. The second largest cryptocurrency, Ethereum, rose for the seventh consecutive day on Tuesday, with the price touching the $1,600 level. ETH has soared more than 45 percent over the past week, outperforming the market. Even though there might be several reasons for the surge, the prominent one could be the Merge. The market's overall momentum appears bullish as investors' sentiment rises.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of crypto exchange Unocoin told ABP Live, “Tuesday saw a significant recovery across most of the coins and tokens. While the well-known coins like Bitcoin gained ground during the first half, the bullish move during the second half was led by alternate coins like ETH, SOL, and DOT. The recovery topped up to 9 percent just before a small correction kicked in and closed the day with about a 7 percent increase in market capitalisation. The independent blockchain tokens saw up to a 15 percent increase in a single day making it a day with the highest recovery in the last 60 days”
Tushar Gandotra, Founder and CEO of crypto exchange FiEx, told ABP Live, “There has been a much-needed respite from the weekly downtrend for the last 16-17 weeks. After so much red, we finally see some uptrend. The market structure has changed and there is a good possibility for higher highs in the coming weeks. Be careful in this uptrend and have strong stop-losses in place. We are moving upwards but might not be in the clear yet.”
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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