Bitcoin (BTC), the oldest and most valuable cryptocurrency, failed to rise above the $30,000 mark over the weekend. Ethereum (ETH) failed to cross the $1900 barrier as well. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw slight declines across the board. XDC Network Token (XDCK) became the biggest gainer, with a slight 24-hour jump of more than 4 percent. On the other hand, Synthetix (SNX) emerged to be the biggest loser, losing nearly 6% over the 24-hour period.
The global cryptocurrency market cap is $1.19 trillion at the time of writing, posting a slight 24-hour loss of 0.48 percent.
Bitcoin (BTC) price today
Bitcoin price reached $29,705.30, posting a 24-hour loss of 0.50%, according to CoinMarketCap. According to the Indian exchange WazirX, the price of bitcoin has reached 25.55 thousand rupees.
Ethereum (ETH) price today
ETH price settled at $1,866.94, marking a 24-hour loss of 0.15 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 loss of 0.11 percent, according to CoinMarketCap data, currently at $0.07084. According to WazirX, the price of Dogecoin in India is Rs 6.06.
Litecoin (LTC) price today
Litecoin saw a 24-hour decline of 0.44%. At the time of writing, it is trading at $92.13. The price of LTC in India is Rs 8,011.
Ripple (XRP) price today
XRP price settled at $0.7285, with a 24-hour loss of 1.03 percent. According to WazirX, the price of Ripple is Rs 63.26.
Solana (SOL) price today
Solana’s price settled at $24.38, recording a 24-hour decline of 1.55 percent. According to WazirX, the SOL price in India is Rs 2,112.
Top Crypto Gainers Today (July 24)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:
XDC Network (XDC)
price: 0.0504 USD
24 hour gains: 4.32 percent
Tezos (XTZ)
price: $0.8656
24 hour gains: 2.73 percent
Bitcoin Cash (BCH)
price: $248.10
24 hour gains: 2.19 percent
Theta Network (Theta)
price: $0.8181
24 hour gains: 1.73 percent
dYdX (DYDX)
price: $2.17
24 hour gains: 1.42 percent
Today’s Biggest Crypto Losers (July 24)
According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Synthetix (SNX)
price: $2.89
24 hour loss: 5.49 percent
Maker (MKR)
price: $1,048.12
24 hour loss: 5.29 percent
Compound
price: $67.88
24 hour loss: 4.76 percent
Sui (SUI)
price: 0.6651 USD
24 hour loss: 4.71 percent
injection (INJ)
price: $8.46
24 hour loss: 3.63 percent
What do cryptocurrency exchanges say about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin is around $29,780, trading below $30,000. The drop over the weekend may be due to an increase in selling pressure after the US Securities and Exchange Commission chairman expressed disappointment with the defeat of the XRP case. Currently, investors and traders are awaiting the FOMC’s interest rate policy decision scheduled for Wednesday. On the other hand, Ethereum has seen a rally. It ran short, touching the $1900 resistance earlier today but eventually pulled back to trade around $1875.
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said, “BTC (-0.3%) and ETH (+0.1%) are trading in a narrow range around $30,000 and $1,900 respectively. After some altcoins posted positive price action over the past week, they are now seeing some correction. These include LINK (-2.5 percent), SNX (-5.6 percent), SOL (-1.0 percent), and XRP. (-0.7 percent).The market is also preparing for the US Federal Reserve’s interest rate policy decision, scheduled for Wednesday; this rate hike is expected to be the last.
Rajagopal Menon, Vice President of WazirX, offered his opinion, “Bitcoin maintains a cautious trading range near $30,000, with ongoing developments in the XRP legal case affecting investor sentiment. The expected selling pressure from the US government’s bitcoin sale and profit taking by short-term holders adds to the uncertainty. On WazirX, OriginToken (OGN) and Standard Tokenization Protocol (STPT) were among the top gainers over the past 24 hours.”
Sathvik Vishwanath, CEO and Co-Founder of Unocoin said, “The upcoming reward halving event, which will reduce miner support from 6.25 BTC to 3.125 BTC, may have bullish implications for Bitcoin. These halving events, which occur approximately every four years, create scarcity and contribute to the value of Bitcoin as a deflationary asset with a total limited supply of 21 million coins. While Bitcoin is currently showing low volatility in the trading range A decisive close above the key $29,600 level could lead to an upward move for the cryptocurrency. The breakout resistance at $31,400 could pave the way for more upside, with another key target likely around $32,500.”
BuyUCoin CEO Shivam Thakral said, “Over the past day, the entire cryptocurrency market volume has increased dramatically by 3.77 percent to $23.93 billion. Although the market seems to continue to consolidate and the moment is still optimistic, both bulls and bears should be careful.”
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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 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.
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