Cryptocurrency Price Today: Dogecoin Rallies Following Twitter Name Change, Top Coins Land In Reds
Cryptocurrency price on July 25 quick take: The global market cap dipped to $1.17 trillion.
Dogecoin (DOGE), the memecoin supported by Twitter owner Elon Musk, saw a brief rally after the billionaire ex-CEO changed the microblogging platform’s name to ‘X’. With a 24-hour jump of nearly 8 percent, it became the second-biggest gainer in the past 24 hours. Other popular cryptos — including the likes of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. Another memecoin, PEPE, emerged to be the biggest loser of the lot, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.17 trillion at the time of writing, registering a 24-hour loss of 1.72 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,112.38, registering a 24-hour dip of 1.92 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.78 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,851.51 marking a 24-hour loss of 0.88 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 gain of 7.90 percent, as per CoinMarketCap data, currently priced at $0.07644. As per WazirX, Dogecoin price in India stood at Rs 6.51.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.42 percent. At the time of writing, it was trading at $89.07. LTC price in India stood at Rs 7,810.80.
Ripple (XRP) Price Today
XRP price stood at $0.6956, seeing a 24-hour loss of 4.51 percent. As per WazirX, Ripple price stood at Rs 60.85.
Solana (SOL) Price Today
Solana price stood at $23.37, marking a 24-hour dip of 4.09 percent. As per WazirX, SOL price in India stood at Rs 2,010.47.
Top Crypto Gainers Today (July 25)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
XDC Network (XDC)
Price: $0.0601
24-hour gain: 19.14 percent
Dogecoin (DOGE)
Price: $0.07718
24-hour gain: 8.92 percent
Trust Wallet Token (TWT)
Price: $0.9382
24-hour gain: 8.25 percent
GMX (GMX)
Price: $53.55
24-hour gain: 3.46 percent
Maker (MKR)
Price: $1,079.73
24-hour gain: 1.30 percent
Top Crypto Losers Today (July 25)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0.000001346
24-hour loss: 9.10 percent
Compound (COMP)
Price: $63.35
24-hour loss: 7.28 percent
ImmutableX (IMX)
Price: $0.7049
24-hour loss: 6.56 percent
Tezos (XTZ)
Price: $0.813
24-hour loss: 6.25 percent
Aptos (APT)
Price: $7.04
24-hour loss: 6.06 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the last 24 hours, Bitcoin is being traded at around $29,100, below its strong support of $29,500. This could potentially be influenced by the rise of interest in altcoins in the market. One noteworthy development is the launch of Worldcoin, a new cryptocurrency introduced by Sam Altman, the CEO of OpenAI, which has garnered substantial market attention, experiencing a price surge of more than 16 percent since its inception yesterday. On the other hand, Dogecoin also rose after Twitter rebranding. Meanwhile, Ethereum's current trading price is approximately $1,854, falling short of the recent resistance level of $1,900.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC (-2.2 percent) has finally moved out of its consolidated price action after trading in a tight range for one month. To bulls' despise, BTC broke through the $29,500 mark and even went below $29,000 briefly. The trend line support currently holds at $26,800, above which BTC remains in an uptrend. DOGE (+8.0 percent) has shown a positive price action within a few minutes after Twitter CEO Elon Musk changed the Twitter logo to X.com — with his location teasing the DOGE logo, making traders speculate the use of DOGE on the new X.com/Twitter app.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin and leading cryptos fell due to concerns over the Ripple court case appeal and speculative Bitcoin ETF approval hopes. Federal Reserve's interest rate decision adds caution. Meanwhile, the Sam Altman-affiliated Worldcoin (WLD) project surged 30 percent in 24 hours, but concerns arise regarding its long-term viability and centralisation implications. On WazirX, Dogecoin (DOGE) and Ontology (ONT) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The Bitcoin futures market saw the liquidation of $41.5 million in long leveraged positions on Monday as BTC fell nearly 3.5 percent to a one-month low below $29,000. Investors locked in gains due to a lack of positive catalysts and cautious sentiment ahead of the US Federal Reserve's policy announcement and Core PCE inflation data. Negative headlines about Binance, the largest crypto exchange, also contributed to the decline. CoinGlass.com's liquidation map indicated that long positions worth $500 million were at risk if BTC fell below $28,500, while short positions worth over $600 million could be stopped if BTC rose to $29,600, creating a potential short squeeze.”
Shivam Thakral, the CEO of BuyUCoin, said, “The volume of the cryptocurrency market increased 44.69 percent in the previous day, with DeFi accounting for 7.40 percent of market activity. Following two weeks of significant inflows, there was a $13 million outflow from bitcoin investment products. Despite $742 million in inflows over the preceding four weeks, digital asset funds had weekly withdrawals of $6.5 million. With a price of $29,135.95, Bitcoin is still a dominant force in the cryptocurrency market, demonstrating its ongoing significance.”
CoinDCX Research Team told ABP Live, “Bitcoin (BTC) volatility has dipped to its lowest level in a year as investors await the Federal Open Market Committee (FOMC) meeting this week. The 30-day estimate for BTC volatility has fallen to just 0.74 percent, which is the lowest level since January 16 this year. The FOMC is expected to raise interest rates by 25 basis points this week with an expectation that this may be the last rate hike by the Federal Reserve in the foreseeable future.”
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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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