Dogecoin (DOGE), the memcoin backed by Twitter owner Elon Musk, saw a brief rally after the billionaire ex-CEO changed the microblogging platform’s name to “X”. With a 24-hour jump of nearly 8 percent, it became the second biggest gainer over the past 24 hours. Other popular cryptocurrencies — including the likes of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — have landed in the red across the board. Another memecoin, PEPE, emerged to be the biggest loser in the lot, with a 24-hour decline of more than 9 percent.
The global cryptocurrency market cap is $1.17 trillion at the time of writing, posting a 24-hour loss of 1.72 percent.
Bitcoin (BTC) price today
Bitcoin price reached $29,112.38, recording a 24-hour decline of 1.92 percent, according to CoinMarketCap. According to the Indian stock exchange WazirX, the price of BTC is Rs 25.78 lakh.
Ethereum (ETH) price today
ETH price settled at $1,851.51, marking a 24-hour loss of 0.88 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 gain of 7.90 percent, according to CoinMarketCap data, which is currently at $0.07644. According to WazirX, the price of Dogecoin in India is Rs 6.51.
Litecoin (LTC) price today
Litecoin saw a 24-hour decline of 3.42%. At the time of writing, it is trading at $89.07. The price of LTC in India is Rs 7,810.80.
Ripple (XRP) price today
XRP price settled at $0.6956, with a 24-hour loss of 4.51 percent. According to WazirX, the price of Ripple is Rs 60.85.
Solana (SOL) price today
Solana’s price settled at $23.37, recording a 24-hour decrease of 4.09 percent. According to WazirX, the price of SOL in India is Rs 2010.47.
Top Crypto Gainers Today (July 25)
According to CoinMarketCap data, here are the top five cryptocurrency gainers over the past 24 hours:
XDC Network (XDC)
price: $0.0601
24 hour gains: 19.14 percent
Dogecoin (DOGE)
price: $0.07718
24 hour gains: 8.92%
Trust Wallet Token (TWT)
price: $0.9382
24 hour gains: 8.25 percent
GMX (GMX)
price: $53.55
24 hour gains: 3.46%
Maker (MKR)
price: $1,079.73
24 hour gains: 1.30 percent
Today’s Biggest Crypto Losers (July 25)
According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
pepper (pepper)
price: 0.000001346 USD
24 hour loss: 9.10 percent
Compound
price: $63.35
24 hour loss: 7.28 percent
ImmutableX (IMX)
price: $0.7049
24 hour loss: 6.56 percent
Tezos (XTZ)
price: $0.813
24 hour loss: 6.25 percent
Fit (APT)
price: $7.04
24 hour loss: 6.06 percent
What do cryptocurrency exchanges say about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, bitcoin has traded around $29,100, below its strong support of $29,500. This is likely influenced by the increased interest in altcoins in the market. One noteworthy development is the launch of Worldcoin, a new cryptocurrency introduced by Sam Altman, CEO of OpenAI, which has garnered a lot of interest in the market, seeing a surge in prices. It increased by more than 16 percent since its inception yesterday. On the other hand, Dogecoin also rose after Twitter’s rebranding. Meanwhile, the current trading price of Ethereum is around $1,854, which is below the recent resistance level of $1,900.”
“BTC (-2.2 percent) is finally out of the consolidating price action after trading in a narrow range for one month,” said Shabham Hadda, Senior Manager, CoinSwitch Markets Desk. “To the disdain of the bulls, BTC breached the $29,500 mark and even fell below $29,000 for a while. The trend line support is currently holding at $26,800, above which BTC remains in an uptrend. DOGE (+8.0 percent) showed positive price action within A few minutes after Twitter CEO Elon Musk changed the Twitter logo to X.com – his site teased the DOGE logo, making traders expect DOGE to be used on the new X.com/Twitter app.
Rajagopal Menon, Vice President of WazirX, puts it in his presentation, “Bitcoin and leading cryptocurrencies have fallen on concerns about the appeal of the Ripple case and speculative hopes for a Bitcoin ETF. (ONT) was one of the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The bitcoin futures market saw $41.5 million in leveraged long positions cleared Monday as BTC fell nearly 3.5 percent to a one-month low below $29,000. Investors held onto gains due to a lack of positive catalysts and dovish sentiment ahead of the US Federal Reserve’s policy announcement and core PCE inflation data.” Negative headlines around Binance also contributed. CoinGlass.com’s filter map indicated that long positions worth $500 million are at risk if BTC drops below $28,500, while short positions over $600 million could be stopped if BTC rises to $29,600, creating potential short pressure.”
BuyUCoin CEO Shivam Thakral said, “Cryptocurrency market volume increased by 44.69 percent the day before, with DeFi accounting for 7.40 percent of market activity. After two weeks of large inflows, there was an outflow of $13 million worth of investment products in bitcoin. Despite inflows of $742 million over the previous four weeks, the digital asset funds recorded weekly withdrawals of $6.5 million. At $29,135.95 Bitcoin remains a dominant force in the cryptocurrency market, demonstrating its continued importance.”
The CoinDCX research team told ABP Live, “Bitcoin (BTC) volatility has fallen to its lowest level in a year as investors await the Federal Open Market Committee (FOMC) meeting this week. The 30-day estimate for Bitcoin volatility has fallen to just 0.74 percent, the lowest level since January 16 of this year. The FOMC is expected to raise interest rates by 25 basis points this week with this expected to be the last rate hike by the Fed in the foreseeable future. er”.
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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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