Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins In Doldrums, Chainlink Becomes Top Gainer
Cryptocurrency price on July 21 quick take: The global market cap stood at $1.21 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency, failed to rise above the $30,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor dips across the board. The Chainlink (LINK) token became the top gainer, with a 24-hour jump of over 18 percent. Rocket Pool (RPL), on the other hand, emerged to be the biggest loser, with a 24-hour loss of over 6 percent.
The global crypto market cap stood at $1.21 trillion at the time of writing, registering a minor 24-hour gain of 0.01 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,895.37, registering a 24-hour loss of 0.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.69 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,896.72 marking a 24-hour loss of 0.04 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 1.69 percent, as per CoinMarketCap data, currently priced at $0.07166. As per WazirX, Dogecoin price in India stood at Rs 6.19.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.40 percent. At the time of writing, it was trading at $92.59. LTC price in India stood at Rs 8,089.61.
Ripple (XRP) Price Today
XRP price stood at $0.7925, seeing a 24-hour loss of 5.06 percent. As per WazirX, Ripple price stood at Rs 69.19.
Solana (SOL) Price Today
Solana price stood at $25.44, marking a 24-hour dip of 4.29 percent. As per WazirX, SOL price in India stood at Rs 2,230.
Top Crypto Gainers Today (July 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Chainlink (LINK)
Price: $8.25
24-hour gain: 18.41 percent
Maker (MKR)
Price: $1,164.71
24-hour gain: 15.24 percent
Synthetix (SNX)
Price: $3
24-hour gain: 9.95 percent
Compound (COMP)
Price: $75.39
24-hour gain: 8.62 percent
Polkadot (DOT)
Price: $5.65
24-hour gain: 7.65 percent
Top Crypto Losers Today (July 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Rocket Pool (RPL)
Price: $30.77
24-hour loss: 6.23 percent
MultiversX (EGLD)
Price: $33.84
24-hour loss: 5.66 percent
Ripple (XRP)
Price: $0.7958
24-hour loss: 4.71 percent
Solana (SOL)
Price: $25.55
24-hour loss: 3.97 percent
Hedera (HBAR)
Price: $0.05642
24-hour loss: 3.64 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has persisted below the $30,000 threshold for yet another consecutive day, influenced by various factors such as investors taking profits after a rally and the US dollar's strengthening. At one point, BTC even dropped to a one-month low of $29,500. Currently, BTC faces resistance at the $30,000 level and finds support at $29,600. Apart from Bitcoin, XRP and Ethereum have also experienced value declines. On a positive note, LINK's performance has managed to avoid a downturn. Furthermore, a notable development is the United States government introducing a new bill to regulate digital assets, potentially impacting the future of cryptocurrencies.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC, for another day, traded flat while altcoins registered some significant developments. LINK (+17.3 percent) is making a big move after launching its CCIP (Cross-Chain Interoperability Protocol). Good moves in other prominent DeFi tokens like MKR (+8.38 percent), SNX (+5.96 percent), and COMP (+5.29 percent) underline that the current market interest is around accumulating quality DeFi protocols before Bitcoin coves out of its tight range of trading.”
Rajagopal Menon, Vice President, WazirX, offered his take, “The overall market sentiment remains neutral even as prices for Bitcoin and Ethereum decreased. The macroeconomic factors and equity markets results have had little impact on user sentiment. Altcoins continue their popularity streak even amidst price volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently hovering slightly above the important $29,500 support level, bolstered by a triple bottom pattern on the four-hour time frame. Technical indicators such as RSI (39) and MACD (-5) indicate bearish sentiment. The 50-day exponential moving average acts as resistance around $29,995. The likelihood of Bitcoin remaining bearish below $30,000 is high, with potential support at $28,900 if it breaks below $29,500. A bullish breakout could push it to $30,000 and even $30,500. If demand increases, a break of $30,450 could lead to a rally towards further resistance at $31,200. Watching the $29,500 level is vital as it could indicate a buying opportunity above or quick selling positions if breached.”
Shivam Thakral, the CEO of BuyUCoin, said, “The entire volume of the cryptocurrency market increased by an amazing 19.70 percent over the past day to reach an astounding $37.46 billion. Ripple's XRP, the third-largest cryptocurrency, gained 6.8 percent, while native cryptocurrencies Cardano, Solana, ADA, and SOL surged over 6 percent, outpacing Bitcoin and Ether. With a value of $29,905.69, Bitcoin continues to play a significant role in this rollercoaster. These numbers demonstrate the potential of the cryptocurrency sector and its indisputable influence on the financial landscape, which presents opportunities and difficulties for both investors and enthusiasts.”
CoinDCX Research Team told ABP Live, “Bitcoin is holding a key support above $30,000 with a record-breaking accumulation of 5,92,000 BTCs worth $17.8 billion at the $30,200 level as per Glassnode, suggesting that investors are confident that BTC will continue to hold above this level. However, BTC dominance is close to its 1-month low, as investors are shifting their focus to smaller, riskier tokens. One such token is XRP, which has surpassed Bitcoin in trading volume after a court ruling determined that it is not a security.”
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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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