Bitcoin (BTC), the oldest and most valuable cryptocurrency, briefly dipped below the $30,000 mark late Monday but managed to rally early Tuesday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), landed in the red across the board. The SUI token became the main gainer, jumping more than 10 percent in 24 hours. 1INCH, on the other hand, turned out to be the biggest loser, losing more than 22 percent in 24 hours.
The global crypto market capitalization stood at $1.21 trillion at the time of writing, recording a 24-hour drop of 0.59%.
Bitcoin (BTC) price today
The Bitcoin price stood at $30,053.42, recording a 24-hour loss of 0.86 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 25.78 lakh.
Ethereum (ETH) price today
ETH price stood at $1,910.29, marking a 24-hour loss of 1.30 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.65 lakh.
Dogecoin (DOGE) Price Today
DOGE posted a 24-hour drop of 0.72 percent, according to data from CoinMarketCap, currently trading at $0.06986. According to WazirX, the Dogecoin price in India stood at Rs 6.
Litecoin (LTC) price today
Litecoin posted a 24-hour loss of 1.09 percent. At the time of writing this article, it was trading at $92.29. The LTC price in India stood at Rs 8,005.
Ripple Price (XRP) Today
The XRP price stood at $0.7405, down 2.10 percent in 24 hours. According to WazirX, the Ripple price stood at Rs 63.
Solana (SOL) Price Today
Solana's price stood at $26.51, representing a 24-hour loss of 5.04 percent. According to WazirX, the SOL price in India stood at Rs 2,251.
Top cryptocurrency gainers today (July 18)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Sui (SUI)
Price: $0.7459
24 hour gain: 9.95 percent
gala (gala)
Price: $0.0274
24 hour gain: 8.01 percent
Flow (FLOW)
Price: $0.6646
24 hour gain: 7 percent
Chain Link (LINK)
Price: $7.14
24 hour gain: 6.59 percent
ApeCoin (APE)
Price: $2.09
24 hour gain: 3.61 percent
Top crypto losers today (July 18)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
1 inch net (1 INCH)
Price: $0.3916
Loss of 24 hours: 22.47 percent
Lido DAO (LDO)
Price: $2.06
Loss of 24 hours: 6.54 percent
BitDAO (BIT)
Price: $0.5116
Loss of 24 hours: 6.20 percent
Solana (SUN)
Price: $26.51
Loss of 24 hours: 5.58 percent
Manufacturer (MKR)
Price: $930.60
Loss of 24 hours: 5.34 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โOver the past 24 hours, Bitcoin briefly fell to $29,679 before quickly recovering and holding above $30,100. This consolidation in the market follows the earnings you had made in the previous week. The current slowdown in the market can also be attributed to several factors, including uncertainties in the US, recent layoffs at Binance, and a slowdown in China's gross domestic product growth. Despite these challenges, bullish investors are actively working to ensure Bitcoin stays above the $30,000 threshold. The current support level for Bitcoin is around $29,900, while resistance is seen at the $30,300 level. Meanwhile, Ethereum has shown resilience by staying comfortably above the $1,900 mark without experiencing significant declines." .
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said: โFollowing the rise of XRP and MATIC last week, Ethereum Layer 2 scaling solutions have seen significant investor attraction, as over the last five days, Arbitrum (ARB) is up 18 percent and Optimism (OP) is up 25 percent. Ethereum (ETH, -0.8 percent since yesterday), like BTC, has been mostly flat, however, posting a modest 2 percent gain since Friday. Another major altcoin, which provides real-world data through its decentralized oracles, Chainlink (LINK, +7.5 percent since yesterday) has launched a cross-chain interoperability protocol aimed at bridging blockchain and traditional finance through the use of SWIFT's famous messaging infrastructure. DeFi protocols such as SNX (-2.5 percent) and AAVE (-3.7 percent) may see an increase in momentum due to this development."
Rajagopal Menon, Vice President of WazirX, offered his view: โBitcoin market oscillators continue to indicate neutral sentiment as the ecosystem goes through brief corrective action. The FSB recommendations for crypto companies have provided much-needed regulatory assurance for an otherwise self-governing sector, as well as for consumers. XRP is seeing new highs after the favorable verdict of the US court.
Sathvik Vishwanath, CEO and Co-Founder of Unocoin, said: โBitcoin (BTC) pulled back below the $30,000 level, reaching its lowest point since late June at $29,600. The retracement of about 6 percent from the yearly high. of $31,800 last week was due to profit taking after the news that XRP was not considered a security, which boosted the crypto market. Concerns about Binance's financial health and its reported drawdown also weighed on sentiment. Despite this, Bitcoin found strong support around the midpoint of $29,000 and has yet to break below its 21-day moving average, suggesting upside potential. While near-term bullish momentum is waning, the options market remains bullish and key issues such as regulation, XRP litigation, and institutional adoption will remain important.โ
Shivam Thakral, CEO of BuyUCoin, said: โBitcoin's price movement suggests that investors are worried about macroeconomic challenges and regulatory changes that could push it below $29,000. The cryptocurrency market has grown by 41, 04 percent in volume, with the decentralized finance industry contributing significantly. Bitcoin maintains a price of $30,128.69, despite market fluctuations. Quarterly Bitcoin futures trade at a premium, similar to BTC futures contracts, which typically trade at a 5 to 10 percent annualized premium in healthy markets."
CoinDCX's research team told ABP Live: โBitcoin started the new week by holding its position above $30,000 with on-chain data indicating a reaccumulation phase among investors. This sentiment points to a major market move imminent, although its precise direction remains uncertain. Focusing this week on upcoming earnings from tech firms and the announcement of jobless claims on July 20, another major event looms on the horizon: the Federal Reserve's decision on interest rate hikes, for which which is still about two weeks away. According to the CME FedWatch Tool, 96 percent of market sentiment remains convinced of an imminent 0.25 percent rate hike."
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Disclaimer: Crypto products and NFTs are unregulated and can be very 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 carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.
