Bitcoin (BTC), the oldest and most valuable cryptocurrency, managed to hold steady within the $30,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — have seen a mix of gains and minor declines across the board. The biggest gainer was the Stellar (XLM) token, jumping nearly 10 percent over the 24-hour period. 1INCH, on the other hand, emerged as the biggest loser, losing nearly 8 percent over the 24-hour period.
The global cryptocurrency market cap is $1.21 trillion at the time of writing, recording a 24-hour gain of 0.209 percent.
Bitcoin (BTC) price today
Bitcoin price reached $30,085.69, posting a 24-hour jump of 0.13%, according to CoinMarketCap. According to the Indian stock exchange WazirX, the price of bitcoin has reached Rs 25.66 lakh.
Ethereum (ETH) price today
ETH price settled at $1,914.22, marking a 24-hour increase of 0.51 percent at the time of writing. According to WazirX, the price of Ethereum in India is Rs 1.62 lakh.
Dogecoin (DOGE) price today
DOGE is down 0.10 percent over the 24-hour period, according to CoinMarketCap data, and its price is currently $0.06957. According to WazirX, the price of Dogecoin in India is Rs 5.85.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.63%. At the time of writing, it is trading at $93.63. The price of LTC in India is Rs 8,013.05.
Ripple (XRP) price today
XRP price settled at $0.7932 and witnessed a gain of 7.36 percent over the 24-hour period. According to WazirX, the price of Ripple is Rs 67.71.
Solana (SOL) price today
Solana price settled at $26.42, recording a 24-hour loss of 0.37 percent. According to WazirX, the SOL price in India is Rs 2,286.99.
Today’s Top Crypto Gainers (Jul 19)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:
Excellent (XLM)
price: $0.1407
24 hour gains: 9.44 percent
Ripple (XRP)
price: $0.80
24 hour gains: 8.26%
BitDAO (BIT)
price: 0.5407 USD
24 hour gains: 5.62 percent
XDC Network (XDC)
price: $0.03522
24 hour gains: 3.91 percent
Ivy (HBAR)
price: $0.05363
24 hour gains: 3.83 percent
Today’s Biggest Crypto Losers (July 19)
According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
1 inch (1 inch) mesh
price: 0.361 USD
24 hour loss: 7.81 percent
Jealousy (ZIL)
price: $0.02191
24 hour loss: 4.74 percent
Compound
price: $71.34
24 hour loss: 4.64 percent
display symbol (RNDR)
price: 1.91 USD
24 hour loss: 4.04 percent
Layla)
price: 0.4608 USD
24 hour loss: 3.65 percent
What do cryptocurrency exchanges say about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a short drop to the $29,800 level before quickly rebounding above $30,000 over the past 24 hours. Although BTC faced a three-day downtrend, it made gains.” A remarkable 84 percent year-to-date.Despite bears’ efforts to drag Bitcoin down, bullish forces are constantly working to keep it above the $30,000 threshold.XRP, on the other hand, has outperformed BTC by sustaining a three-day winning streak, recording Over 9 percent gains in the past 24 hours and an impressive 70 percent increase in the past week. In addition, Ethereum has successfully maintained its position above the $1,900 level.”
“BTC experienced its fifth consecutive red day as the price traded below $30,000 for most of the past 24 hours,” said Shabham Hadda, Senior Manager, CoinSwitch Markets Desk. Popular altcoins such as XRP (+8.3%) and XLM (+8.3%) showed (+5.68%) and SNX (+4.58%) some strength in the background of recent developments. XRP’s pump can be attributed to the recent court ruling by the SEC while XLM, as a fork of XRP, is also gaining investor traction. However SNX appears to be benefiting from the latest CCIP integration on LINK (-2.28 percent).In other news, Binance has integrated a lighting network on Bitcoin withdrawals that has reduced BTC withdrawal fees by more than 90 percent; from nearly a few dollars to a few Cents. This may increase the adoption of BTC as BTC transportation will become cheaper.”
Rajagopal Menon, Vice President of WazirX, offered his opinion, saying, “The market sentiment around Ethereum remains positive, driven by the growing enthusiasm for Ethereum 2.0 and the ability to buy large amounts of the cryptocurrency. ETH prices have surged in the last 24 hours. Digital assets totaled $742 million. This increase in inflows can be attributed to various factors, including the recent ruling by Ripple. The clarity provided by the legal outcome has restored confidence among investors, attracting more capital into the digital asset space.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The bitcoin market is presenting a mixed outlook. The cryptocurrency is finding support near $29,750, which indicates a possible bullish recovery thanks to the triple bottom pattern on the four-hour time frame. However, the Force Index is pointing RSI, MACD and the 50-day exponential moving average are bearish, which indicates a greater chance for a downside move.A break below $29,750 could intensify the selling pressure and possibly push the price towards $29,300 or even $28,750. On the contrary, an upward break above $30,400 could lead to a rise in price levels at $30,900 or $31,750. Bitcoin is not expected to drop below $20,000 unless there is a major sell-off. Which requires careful monitoring by traders and enthusiasts.”
BuyUCoin CEO Shivam Thakral said, “In the last 24 hours, the total market volume of the cryptocurrency sector decreased by 7.64 percent due to market volatility. Bitcoin fell by 1 percent to $29,856, and ether also fell by 1 percent to reach $29,856.” to $1896. While much of the altcoin market is starting the day as a sea of red, XRP is maintaining its bullish trend, rising by 5 percent to $0.77.The market is range bound and stagnant, as evidenced by Bitcoin’s current moves, while maintaining On market price $30,034.92.”
The CoinDCX research team told ABP Live, “Cryptocurrency markets saw a slight decline of 0.3 percent with Bitcoin and Ethereum hovering to just under $30,000 and $1,900, respectively. Although investors remained optimistic about the prospects for Bitcoin exchange-traded funds (ETFs), the Securities and Exchange Commission recently approved a second Bitcoin ETF application for review from asset manager Valkyrie, after approving a similar application from BlackRock the previous week.This indicates that the SEC is open to the idea of Bitcoin ETFs. The spot exchange, which can provide a huge boost to the crypto market.”
Subscribe and follow ABP Live on Telegram: https://t.me/officialapplive
Disclaimer: Crypto products and NFTs are unregulated and can be risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and read the offer document(s) along with important relevant literature carefully before making any type of investment at all. Cryptocurrency Market predictions are speculative and any investment made is at the readers sole expense and risk.
[ad_2]