The Gadgets 360 cryptocurrency price chart reflected gains alongside most cryptocurrencies on Friday, July 21. However, Bitcoin was not among the cryptocurrencies that generated profits that day. With a minor loss of 0.21 percent, Bitcoin continued to trade below the $30,000 mark (roughly Rs. 24.6 lakh) for the second day in a row. At the time of writing, BTC was trading at $29,878 (roughly Rs. 24.5 lakh). In the last 24 hours, the value of Bitcoin fell by $116 (roughly Rs. 9,515).
โBitcoin remained below the $30,000 (roughly Rs. 24.6 lakh) mark, influenced by factors such as investors capitalizing on the gains and the strengthening US dollar. At one point, BTC even fell to its lowest level in a month, touching $29,500 (roughly Rs. 24.1 lakh). BTC is currently facing immediate resistance at the $30,000 level, while support lies at $29,600 (roughly Rs. 24.2 lakh),โ Edul Patel, CEO of cryptocurrency investment firm Mudrex, told Gadgets 360. .
Tie, Vibeand Cardano they were among the few cryptocurrencies that posted losses today.
There were also minor price drops Solarium, avalanche, wrapped bitcoin, Stellar, moneyand Elrond.
"Current market sentiment hasn't been much affected by how the Fed rate hikes will play out in the coming weeks," Rajagopal Menon, a vice president at WazirX, told Gadgets 360, weighing in on the fact that, Except for these aforementioned altcoins, most other cryptocurrencies have seen gains today. โThe recent Bitcoin price decline hasn't entirely affected sentiment among users either, although initial enthusiasm for the Bitcoin ETF may have waned, but investors remain bullish,โ Menon added.
dogecoin and Shiba InuBoth memecoins, which have been posting losses for a while now, emerged on the profitable side of the crypto chart today.
Ether it recorded a small profit of 0.5 percent to trade at the price of $1896 (roughly Rs. 1.55 lakh).
Binance Coin, dogecoin, thunder, Polygon, Molesand Litecoin He also minted small profits.
Total crypto market capitalization fell 0.19 percent over the past 24 hours to touch the valuation of $1.2 trillion (roughly Rs. 98,43,000 crore), according to CoinMarketCap.
The crypto fear and greed index has returned to the neutral zone after losing six points; the current score is 50/100.
โBTC, for another day, traded flat while altcoins saw some significant developments. LINK (+17.3 percent) is taking a big step after launching its CCIP (Cross-Chain Interoperability Protocol). Good moves in other prominent DeFi tokens such as MKR (+8.38 percent), SNX (+5.96 percent) and COMP (+5.29 percent) underscore that the current market interest is in accumulating DeFi protocols from quality before Bitcoin breaks out of its tight trading range. On the other hand, Polygon's native token MATIC (+1.39 percent) continues to become fundamentally stronger as it has outperformed its parent blockchain Ethereum and another popular Layer 1 protocol Solana in terms of daily active users,โ Shubham Hudda, a senior manager at the CoinSwitch Markets Desk, told Gadgets 360.
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