Cryptocurrency Price Today: Bitcoin Remains Below $30,000, COMP Becomes Top Gainer
Cryptocurrency price on July 26 quick take: The global market cap dipped to $1.18 trillion.
Bitcoin, the world’s oldest and most valued crypto, failed to clear the $30,000 hurdle as of Wednesday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of reds and greens across the board. The market fear and greed index stood at neutral, with a score of 52 (out of 100). The Compound (COMP) token emerged to be the biggest gainer, with a 24-hour jump of over 7 percent. XDC, on the other hand, turned out to be the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour gain of 0.65 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,240.85, registering a 24-hour jump of 0.47 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.36 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,859.42 marking a 24-hour gain of 0.42 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 4.84 percent, as per CoinMarketCap data, currently priced at $0.08008. As per WazirX, Dogecoin price in India stood at Rs 6.88.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.80 percent. At the time of writing, it was trading at $89.83. LTC price in India stood at Rs 7,740.10.
Ripple (XRP) Price Today
XRP price stood at $0.7108, seeing a 24-hour jump of 2.16 percent. As per WazirX, Ripple price stood at Rs 61.52.
Solana (SOL) Price Today
Solana price stood at $23.59, marking a 24-hour gain of 0.93 percent. As per WazirX, SOL price in India stood at Rs 2,085.57.
Top Crypto Gainers Today (July 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Compound (COMP)
Price: $67.74
24-hour gain: 7.23 percent
Theta Network (THETA)
Price: $0.8365
24-hour gain: 5.23 percent
Maker (MKR)
Price: $1,131.04
24-hour gain: 4.69 percent
Dogecoin (DOGE)
Price: $0.07978
24-hour gain: 3.49 percent
Ripple (XRP)
Price: $0.7122
24-hour gain: 2.77 percent
Top Crypto Losers Today (July 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
XDC Network (XDC)
Price: $0.0545
24-hour loss: 9.04 percent
Synthetix (SNX)
Price: $2.62
24-hour loss: 5.31 percent
Pepe (PEPE)
Price: $0.000001277
24-hour loss: 5.09 percent
Fantom (FTM)
Price: $0.2234
24-hour loss: 3.92 percent
Mantle (MNT)
Price: $0.5369
24-hour loss: 3.69 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin was unable to break above the $29,500 level as investors eagerly awaited the US Federal Reserve's decision on a potential interest rate hike, which was scheduled for today. Despite a recent dip to a one-month low, BTC showed signs of a slow recovery. While it remains 56 percent below its all-time high, it has still managed to achieve an impressive 76 percent increase in the year-to-date cycle. On the other hand, Dogecoin experienced a significant surge during the previous trading session, driven by optimism surrounding Elon Musk's latest activity on Twitter. Elon Musk's ongoing interest in DOGE has consistently sparked price surges, even with minor positive developments for the token in the past too. Meanwhile, Ethereum's value held steady at $1,850 as it changed hands in the market.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The overall crypto market has observed some selling pressure in the last 24 hours. The global crypto market capitalization, at $1.22 trillion, is down 1.6 percent. The crypto fear and greed index has swung back into the neutral zone after observing a drop of 5 points; the current score is at 50/100. 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.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin remained stable, hovering above $29,000 amid a risk-averse market sentiment. Concerns arise from the possibility of an extended legal battle between the US regulator and Ripple Labs, along with cautious anticipation of the Federal Reserve's interest rate outlook. Ether showed little movement, while other major tokens had a mixed performance. On WazirX, Worldcoin (WLD) and Pendle (PENDLE) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin faced a major decline and approached the crucial $28,850 mark. However, the recent close of the doji candle just above this level suggests a potential weakening of bearish sentiment. The presence of doji and spinning candles near $28,800 further supports the likelihood of a bullish trend or correction. Oversold RSI and MACD indicators raise the potential for a bullish reversal. Bitcoin’s immediate resistance at $29,500. This resistance is in line with the 50-day EMA and has historically served as significant support. If breached, the next targets are at $29,900 and $30,300.”
Shivam Thakral, the CEO of BuyUCoin, said, “The total crypto market volume has decreased noticeably by 25.38 percent to $25.86 billion, demonstrating the underlying volatility of the industry. With a current volume of $2.35 billion, or 9.09 percent of the 24-hour volume of the whole crypto market, DeFi stands out as a growing power within this dynamic ecosystem. The sudden drop in BTC typically indicates a programmatic sale. The new lower BTC level appears to be holding, supporting the notion that there are simply not enough new buyers prepared to take positions just yet.”
CoinDCX Research Team told ABP Live, “Bitcoin dipped 1.2 percent in the last 24 hours, trading around $29,200. The decline was primarily driven by concerns about a potential rate hike from the Federal Open Market Committee (FOMC) meeting this week. The FOMC is expected to raise interest rates by 25 basis points. Investors are closely monitoring the market dynamics to make informed decisions amid the uncertainty surrounding the FOMC meeting. Meanwhile, the number of whale wallets holding over 100 million XRP tokens has reached an 11-week high. This suggests that large investors are accumulating XRP amid the strong performance of the cryptocurrency.”
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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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