Bitcoin (BTC), the oldest and most valuable cryptocurrency, failed to rise above the $30,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw slight declines across the board. Chainlink (LINK) token became the biggest gainer, with a 24-hour jump of more than 18 percent. On the other hand, Rocket Pool (RPL) emerged to be the biggest loser, losing over 24 hours over 6 percent.
The global cryptocurrency market cap is $1.21 trillion at the time of writing, posting a slight 24-hour gain of 0.01 percent.
Bitcoin (BTC) price today
Bitcoin price reached $29,895.37, posting a 24-hour loss of 0.20 percent, according to CoinMarketCap. According to the Indian stock exchange WazirX, the price of BTC is Rs 25.69 lakh.
Ethereum (ETH) price today
ETH price settled at $1,896.72, marking a 24-hour loss of 0.04 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 posted a 24-hour jump of 1.69 percent, according to CoinMarketCap data, and its price is currently $0.07166. According to WazirX, the price of Dogecoin in India is Rs 6.19.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.40%. At the time of writing, it is trading at $92.59. LTC price in India stood at Rs 8,089.61.
Ripple (XRP) price today
XRP price settled at $0.7925, with a 24-hour loss of 5.06 percent. According to WazirX, the price of Ripple is Rs 69.19.
Solana (SOL) price today
Solana price settled at $25.44, recording a 24-hour decline of 4.29 percent. According to WazirX, the SOL price in India is Rs 2,230.
Today’s Top Crypto Gainers (Jul 21)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:
Chainlink (link)
price: $8.25
24 hour gains: 18.41 percent
Maker (MKR)
price: $1,164.71
24 hour gains: 15.24 percent
Synthetix (SNX)
price: $3
24 hour gains: 9.95 percent
Compound
price: $75.39
24 hour gains: 8.62 percent
Polka Dot
price: $5.65
24 hour gains: 7.65 percent
Today’s Biggest Crypto Losers (July 21)
According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Rocket pool (RPL)
price: $30.77
24 hour loss: 6.23 percent
MultiversX (EGLD)
price: $33.84
24 hour loss: 5.66%
Ripple (XRP)
price: $0.7958
24 hour loss: 4.71 percent
Solana (the sun)
price: $25.55
24 hour loss: 3.97%
Ivy (HBAR)
price: $0.05642
24 hour loss: 3.64 percent
What do cryptocurrency exchanges say about the current market scenario
Mudrex co-founder and CEO Idol Patel told ABP Live, “Bitcoin has been holding below the $30,000 threshold for another day in a row, affected by various factors such as investors taking profits after the rally and the strengthening of the US dollar. At some point, BTC fell to a one-month low at $29,500. Currently, BTC is facing resistance at $30,000 and finding support at $29,600. Apart from Bitcoin, X has seen RP and Ethereum also decline in value. On the positive side, LINK’s performance has managed to avoid a downturn. Moreover, a notable development is the US government’s introduction of a new bill to regulate digital assets, which may affect the future of cryptocurrencies.”
“Bitcoin traded flat for another day while altcoins posted some significant developments,” said Shabham Hadda, Senior Director, CoinSwitch Markets Desk. LINK (+17.3 percent) is making a big move after launching CCIP (Cross-Chain Interoperability Protocol). The good moves in other DeFi tokens such as MKR (+8.38%), SNX (+5.96%) and COMP (+5.29%) confirm that the current market interest is in piling up quality DeFi protocols before they exit Bitcoin from its narrow trading range.”
Rajagopal Menon, Vice President of WazirX, offered his opinion, saying, “General market sentiment remains neutral even with Bitcoin and Ethereum prices declining. Macroeconomic factors and stock market results had little impact on user sentiment. Altcoins continue their popularity streak even amid price volatility.”
Sathvik Vishwanath, CEO and Co-Founder of Unocoin said, “Bitcoin is currently hovering above the important support level of $29,500, supported by a triple bottom pattern on the four-hour time frame. Technical indicators such as RSI (39) and MACD (-5) are pointing to the downside. The 50-day exponential moving average is acting as resistance around $29,995. The probability of Bitcoin staying bearish is less than 30. $30,000 is high, with potential support at $28,900 if it drops below $29,500. A break-up could push it to $30,000 and even $30,500. If demand picks up, a break of $30,450 could lead to a rush towards more resistance at $31,200. Watching the $29,500 level is vital as it could indicate a higher buying opportunity or quick selling positions if breached.” .
Shivam Thakral, CEO of BuyUCoin, said, “The entire volume of the cryptocurrency market increased by a staggering 19.70 percent over the past day to $37.46 billion. Ripple’s XRP, the third largest cryptocurrency, gained 6.8%, while local cryptocurrencies Cardano, Solana, ADA, and SOL rose more than 6%, surpassing Bitcoin and Ether. With a value of $29,905.69, Bitcoin continues to play an important role in this Roller coaster These numbers illustrate the potential of the cryptocurrency sector and its indisputable influence on the financial landscape, presenting opportunities and difficulties for both investors and enthusiasts.”
CoinDCX’s research team told ABP Live, “Bitcoin holds key support above $30,000 with a record 5,92,000 BTC accumulating a value of $17.8 billion at $30,200 according to Glassnode, indicating that investors are confident that BTC will continue to hold above this level. However, BTC dominance is near its one-month low as investors shift their focus to smaller, riskier tokens.” One such token is XRP, which has overtaken Bitcoin in trading volume after a court ruling determined it was not a security.
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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 relevant important literature on the subject 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.
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