Cryptocurrency Price Today: Solana Becomes Top Gainer As Popular Coins See Sideways Trading
Cryptocurrency price on July 6 quick take: The global market cap dipped to $1.19 trillion.
Bitcoin, the world’s oldest and most valued crypto, managed to remain stable within the $30,000 range as most coins saw a mix of gains and dips early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) — saw minor movements across the board. Solana (SOL) emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 2 percent. Ziliqa (ZIL) became the biggest loser, with a 24-hour loss of nearly 9 percent.
The global crypto market cap stood at $1.19 trillion at the time of writing, registering a 24-hour dip of 1.33 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,517.78, registering a 24-hour dip of 1.08 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.32 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,914.24, marking a 24-hour dip of 1.32 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.65 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.54 percent, as per CoinMarketCap data, currently priced at $0.06713. As per WazirX, Dogecoin price in India stood at Rs 5.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.90 percent. At the time of writing, it was trading at $103.60. LTC price in India stood at Rs 8,676.47.
Ripple (XRP) Price Today
XRP price stood at $0.4778, seeing a 24-hour loss of 2.64 percent. As per WazirX, Ripple price stood at Rs 41.25.
Solana (SOL) Price Today
Solana price stood at $19.60, marking a 24-hour gain of 1.63 percent. As per WazirX, SOL price in India stood at Rs 1,699.89.
Top Crypto Gainers Today (July 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Solana (SOL)
Price: $19.60
24-hour gain: 1.80 percent
Filecoin (FIL)
Price: $4.62
24-hour gain: 1.01 percent
Monero (XMR)
Price: $166.70
24-hour gain: 0.28 percent
Cronos (CRO)
Price: $0.05781
24-hour gain: 0.24 percent
Bitcoin Cash (BCH)
Price: $276.99
24-hour gain: 0.11 percent
Top Crypto Losers Today (July 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ziliqa (ZIL)
Price: $0.02167
24-hour loss: 8.65 percent
BitDAO (BIT)
Price: $0.4646
24-hour loss: 7.24 percent
Fantom (FTM)
Price: $0.2964
24-hour loss: 6.37 percent
Render Token (RNDR)
Price: $1.96
24-hour loss: 6.28 percent
Mina (MINA)
Price: $0.4821
24-hour loss: 5.98 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin faced a downward trend after the release of the Federal Open Market Committee (FOMC) minutes. However, optimistic comments from the CEO of BlackRock prevented a further decline, and the cryptocurrency remained stable above the $30,400 threshold. Although it briefly exceeded $31,000 earlier this week, Bitcoin is presently consolidating its position above $30,000 as the bullish momentum waned. It is essential to monitor the cryptocurrency's proximity to the significant resistance level of $31,000 in the short term.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “There has been slight selling pressure in the crypto market in the last 24 hours. The global crypto market capitalisation, however, continues to be above $1.2 trillion. The crypto fear and greed index is down by 5 points but remains in the greed zone with a score of 56/100.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Crypto’s positive price movement has set the tone for bigger prospects in Web3. However, should its attempt of hitting $31,000 be quashed, we could witness a surge in the sale of tokens. Altcoins have also been showing signs of growth following Bitcoin’s trajectory and it could be an opportunity for projects to leverage their communities and tap into this growth phase."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “FOMC minutes came out last night, anticipating rate hike pause, and expecting recession later this year, Bitcoin fell slightly to that news, Bitcoin is currently facing resistance at $31,000 as technical analysis suggests. However, it managed to hold just above that level at around $30,050. The presence of a bearish candle on the daily time frame indicates a strong possibility of a bearish correction."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market has shown remarkable growth over the past 24 hours, with a total volume of $32.22 billion, representing a significant 9.08 percent increase. Within this market, the decentralised finance (DeFi) sector has demonstrated its strength, contributing $2.74 billion in volume, which accounts for 8.49 percent of the overall crypto market volume. Amidst these developments, Bitcoin holds a price of $30,468, continuing to play a central role in the cryptocurrency landscape.”
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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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