Bitcoin (BTC), the oldest and most valued cryptocurrency, briefly dipped below the $30,000 mark late Monday but managed to recover early Tuesday. Other popular altcoins — including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. The SUI token became the top gainer, with a 24-hour jump of over 10 percent, while 1INCH was the biggest loser, with a 24-hour loss of over 22 percent. The global crypto market cap stood at $1.21 trillion at the time of writing, registering a 24-hour dip of 0.59 percent.
Bitcoin Price Today
At the time of writing, Bitcoin price was $30,053.42, registering a 24-hour loss of 0.86 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price was Rs 25.78 lakh.
Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) Price Today
ETH price was $1,910.29 marking a 24-hour loss of 1.30 percent. As per WazirX, Ethereum price in India was Rs 1.65 lakh. DOGE was trading at $0.06986, with a 24-hour dip of 0.72 percent. As per WazirX, Dogecoin price in India was Rs 6. LTC saw a 24-hour loss of 1.09 percent, trading at $92.29. LTC price in India was Rs 8,005. XRP price was $0.7405, seeing a 24-hour dip of 2.10 percent. As per WazirX, Ripple price was Rs 63. Solana price stood at $26.51, marking a 24-hour loss of 5.04 percent. As per WazirX, SOL price in India was Rs 2,251.
Top Crypto Gainers and Losers Today (July 18)
As per CoinMarketCap data, the top five crypto gainers over the past 24 hours were Sui (SUI), Gala (GALA), Flow (FLOW), Chainlink (LINK), and ApeCoin (APE). The top five crypto losers over the past 24 hours were 1inch Network (1INCH), Lido DAO (LDO), BitDAO (BIT), Solana (SOL), and Maker (MKR).
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel said that Bitcoin briefly fell to $29,679 before swiftly recovering and maintaining a level above $30,100. He added that the current market slowdown can also be attributed to various factors, including uncertainties in the US, recent layoffs at Binance, and a slowdown in China’s gross domestic product growth.
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said that post XRP and MATIC surge last week, Ethereum Layer 2 scaling solutions have seen significant investor attraction.
Rajagopal Menon, Vice President, WazirX, said Bitcoin’s market oscillators continue to indicate a neutral sentiment as the ecosystem goes through a brief corrective action.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said that Bitcoin retreated below the $30,000 level, hitting its lowest point since late June at $29,600.
Shivam Thakral, the CEO of BuyUCoin, said that Bitcoin’s price movement suggests investors are concerned about macroeconomic challenges and regulatory changes potentially pushing it below $29,000.
CoinDCX Research Team said Bitcoin started the new week maintaining its position above $30,000 with the on-chain data indicating a re-accumulation phase among investors.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
