Cryptocurrency Price Today: Bitcoin Rises Above $22,000, Global Market Cap Approaches $1-Trillion Mark
“Overall, the market seems to be on bullish sentiment,” said Mudrex CEO Edul Patel.
Bitcoin (BTC) managed to rise above the $22,000 mark late on Thursday, showing signs of recovery after days of being in the reds. The world’s oldest and most valued cryptocurrency registered a 24-hour gain of 7.72 percent. Subsequently, most other major altcoins also saw gains across the board, including the likes of Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). On the other hand, the MetaversePay token saw a gain of 570.37 percent, along with several other lesser-known altcoins.
At the time of writing, the global crypto market cap stood at $972.80 billion as per CoinMarketCap data, registering a 24-hour gain of 6.12 percent. It appears to be on the way to crossing the $1-trillion mark soon if the current bull run continues.
Bitcoin (BTC) price today
While Bitcoin managed to float above the $22,000 mark on early July 8 morning, at the time of writing, BTC saw a minor dip and was priced at $21,983.43. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 7.72 percent. As per Indian exchange WazirX, BTC price stood at Rs 17.54 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 6.99 percent, ETH price stood at $1,253.13. As per WazirX, Ethereum price in India stood at Rs 98,712.80.
Dogecoin (DOGE) price today
Tesla CEO Elon Musk’s favourite DOGE saw a 24-hour gain of 4.38 percent as per CoinMarketCap data, currently priced at $0.07148. As per WazirX, Dogecoin price in India stood at Rs 5.70.
Litecoin (LTC) price today
Litecoin registered a gain of 6.77 percent over the past 24 hours. At the time of writing, it was priced at $53.36. LTC price in India stood at Rs 4,280.
Ripple (XRP) price today
XRP price stood at $0.3534, seeing a 24-hour gain of 6.85 percent. As per WazirX, Ripple price stood at Rs 27.90.
Solana (SOL) price today
Solana price stood at $38.28, marking a 24-hour gain of 3.85 percent. As per WazirX, SOL price in India stood at Rs 3,030.
Top crypto gainers today (July 8)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
MetaversePay (MVP)
Price: $0.00001299
24-hour gain: 570.37 percent
Listen To Earn (LTE)
Price: $0.000003593
24-hour gain: 316.42 percent
Lightning (LIGHT)
Price: $0.02626
24-hour gain: 145.90 percent
EAGLE MINING NETWORK (EGON)
Price: $0.04565
24-hour gain: 137.98 percent
PARSIQ (PRQ)
Price: $0.246
24-hour gain: 112.17 percent
Top crypto losers today (July 8)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
OpenLeverage (OLE)
Price: $0.1244
24-hour loss: 97.51 percent
Fabric (FAB)
Price: $0.0001582
24-hour loss: 91.21 percent
MetaDoctor (MEDOC)
Price: $0.0000001299
24-hour loss: 88.18 percent
Run For Life (RFL)
Price: $0.0007428
24-hour loss: 79.14 percent
TORG (TORG)
Price: $0.000004712
24-hour loss: 73.72 percent
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “Most cryptocurrencies rose on Thursday after tracking gains in the US equity markets for another consecutive day. Bitcoin hovered above the $22,000 level in the past 24 hours as the bullish sentiment continues. If bulls can hold it there, we may see some more upward moves soon. On the other hand, Ethereum also broke the $1,200 vital level, and the price is not far from its resistance at $1,281. Shiba Inu also rose after the ecosystem announced to get its stablecoin and new reward token. Overall, the market seems to be on bullish sentiment.”
Commenting on the crypto market scenario on Thursday, Sathvik Vishwanath, CEO and Co-Founder of crypto exchange Unocoin told ABP Live, “After more than two weeks, more than 95 percent of the cryptos ended up in green on Thursday. While Bitcoin saw about a 4 percent price increase, the next crypto as per the market capitalisation, Ether, saw an 8 percent price increase. The increase happened over the whole day with the speed of increase being maximum by the end of the day. Some of the Indian crypto exchanges have received notices from Enforcement Directorate regarding their FEMA violations making the crypto investors choose their platforms wisely.”
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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