Cryptocurrency Price Today: Bitcoin, Ethereum, Majority Altcoins Show Signs Of Recovery; Chingari Token Dips Nearly 75 Percent
Cryptocurrency Price Today 5th July 2022: Bitcoin price managed to rise above the $20,000 mark on Tuesday.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency managed to rise above the $20,000 mark on July 5, giving a boost to most major altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL). As per Edul Patel, the CEO of crypto exchange Mudrex, the overall crypto market benefited from the US Independence Day holiday on July 4. On the other hand, Indian social media platform Chingari's own GARI token was down by nearly 75 percent, alongside several other lesser-known altcoins.
At the time of writing, the global crypto market cap stood at $909.30 billion as per CoinMarketCap data, registering a 24-hour gain of 5.31 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $20,253.32 at the time of writing, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.29 lakhs. Over the last 24 hours, BTC saw a gain of 5.98 percent.
Ethereum (ETH) price today
With a 24-hour gain of 9.14 percent, ETH price stood at $1,149.60. As per WazirX, Ethereum price in India stood at Rs 93,300.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 4.04 percent as per CoinMarketCap data, currently priced at $0.06925. As per WazirX, Dogecoin price in India stood at Rs 5.50.
Litecoin (LTC) price today
Litecoin registered a gain of 3.28 percent over the past 24 hours. At the time of writing, it was priced at $51.67. LTC price in India stood at Rs 4,207.
Ripple (XRP) price today
XRP price stood at $0.3265, seeing a 24-hour gain of 2.78 percent. As per WazirX, Ripple price stood at Rs 26.20.
Solana (SOL) price today
Solana price stood at $35.75, marking a minor 24-hour gain of 9.32 percent. As per WazirX, SOL price in India stood at Rs 2,866.02.
Top crypto gainers today (July 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
PAPPAY (PAPPAY)
Price: $0.000003877
24-hour gain: 921.16 percent
ElonHype (ELONHYPE)
Price: $0.0001049
24-hour gain: 308.57 percent
Sway Social (SWAY)
Price: $0.009104
24-hour gain: 162.73 percent
MilkyWay (MILKY)
Price: $0.006442
24-hour gain: 130.94 percent
FunFi (FNF)
Price: $0.0000002
24-hour gain: 97.12 percent
Top crypto losers today (July 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
10SHARE (10SHARE)
Price: $0.0000008378
24-hour loss: 100 percent
Bee Financial (BEE)
Price: $0.00005633
24-hour loss: 94.54 percent
Bulls**t Inu (BULL)
Price: $0.0000001654
24-hour loss: 94.21 percent
MetaversePay (MVP)
Price: $0.000001809
24-hour loss: 79.89 percent
Gari Network (GARI)
Price: $0.1878
24-hour loss: 74.94 percent
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “After following a weekend of volatility in the crypto market, Bitcoin rose by nearly six percent in the past 24 hours recapturing the $20,000 back. We may likely see BTC trading sideways for the next few days. In addition to BTC, Ethereum and most cryptocurrencies traded in green as the whole crypto market has benefited from the US holiday.”
Commenting on the crypto market scenario on Monday, Sathvik Vishwanath, CEO and Co-Founder of crypto exchange Unocoin told ABP Live, “On Monday the prices saw a dip of up to three percent. This trend has continued since the start of the weekend but this is still now less than the lowest among crypto prices we saw two weeks ago. This got coupled with an exchange in India called Vauld putting up a corporate statement scaring away their customers regarding restructuring or possible liquidation. The news could blow out of proportion over the next few days and Indian crypto investors need to be cautious about the uncertainties and panic sells if at all it happens.”
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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