Cryptocurrency Price Today: Bitcoin, Ethereum, Fail To Impress, XDC Becomes Top Gainer
Cryptocurrency price on July 24 quick take: The global market cap dipped to $1.19 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency, failed to rise above the $30,000 mark over the weekend. Ethereum (ETH) failed to cross the $1,900 barrier as well. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor dips across the board. The XDC Network (XDCK) token became the top gainer, with a minor 24-hour jump of over 4 percent. Synthetix (SNX), on the other hand, emerged to be the biggest loser, with a 24-hour loss of nearly 6 percent.
The global crypto market cap stood at $1.19 trillion at the time of writing, registering a minor 24-hour loss of 0.48 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,705.30, registering a 24-hour loss of 0.50 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.55 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,866.94 marking a 24-hour loss of 0.15 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 loss of 0.11 percent, as per CoinMarketCap data, currently priced at $0.07084. As per WazirX, Dogecoin price in India stood at Rs 6.06.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.44 percent. At the time of writing, it was trading at $92.13. LTC price in India stood at Rs 8,011.
Ripple (XRP) Price Today
XRP price stood at $0.7285, seeing a 24-hour loss of 1.03 percent. As per WazirX, Ripple price stood at Rs 63.26.
Solana (SOL) Price Today
Solana price stood at $24.38, marking a 24-hour dip of 1.55 percent. As per WazirX, SOL price in India stood at Rs 2,112.
Top Crypto Gainers Today (July 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
XDC Network (XDC)
Price: $0.0504
24-hour gain: 4.32 percent
Tezos (XTZ)
Price: $0.8656
24-hour gain: 2.73 percent
Bitcoin Cash (BCH)
Price: $248.10
24-hour gain: 2.19 percent
Theta Network (THETA)
Price: $0.8181
24-hour gain: 1.73 percent
dYdX (DYDX)
Price: $2.17
24-hour gain: 1.42 percent
Top Crypto Losers Today (July 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Synthetix (SNX)
Price: $2.89
24-hour loss: 5.49 percent
Maker (MKR)
Price: $1,048.12
24-hour loss: 5.29 percent
Compound (COMP)
Price: $67.88
24-hour loss: 4.76 percent
Sui (SUI)
Price: $0.6651
24-hour loss: 4.71 percent
Injective (INJ)
Price: $8.46
24-hour loss: 3.63 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's price is around $29,780, trading below the milestone of $30,000. The decline during the weekend could be due to increasing selling pressure after the US SEC chair expressed disappointment with the defeat of XRP’s case. Currently, investors and traders are eyeing the FOMC’s decision on interest-rate policy due on Wednesday. On another note, Ethereum experienced a brief surge, touching the resistance level at $1,900 earlier today but eventually dropping back to trade at around $1,875.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (-0.3 percent) and ETH (+0.1 percent) are both trading in a narrow range around $30,000 and $1,900, respectively. After some altcoins registered positive price action during last week, they are now observing some correction. This includes LINK (-2.5 percent), SNX (-5.6 percent), SOL (-1.0 percent), and XRP (-0.7 percent). The market is also preparing itself for the US Fed’s decision on interest rate policy, scheduled for Wednesday; this rate hike is expected to be the last one.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin maintains a cautious trading range near $30,000, with ongoing developments in the legal case of XRP influencing investor sentiment. Anticipated selling pressure from the US government's BTC sale and profit realisation by short-term holders add to the uncertainty. On WazirX, OriginToken (OGN) and Standard Tokenization Protocol (STPT) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The upcoming block reward halving event, which will reduce miner subsidies from 6.25 BTC to 3.125 BTC, may have bullish implications for Bitcoin. These halving events, which occur approximately every four years, create scarcity and contribute to Bitcoin's value as a deflationary asset with a limited total supply of 21 million coins. While Bitcoin is currently showing low volatility in the trading range, a decisive close above the key $29,600 level could trigger an upward move for the cryptocurrency. A breakthrough resistance at $31,400 may set the stage for further upside, with another major target potentially around $32,500.”
Shivam Thakral, the CEO of BuyUCoin, said, “The entire volume of the cryptocurrency market over the past day has significantly increased by 3.77 percent to reach $23.93 billion. Although the market seems to be continuing its consolidation and the moment is still upbeat, both bulls and bears must exercise caution.”
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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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