Bitcoin, the world’s oldest and most valuable cryptocurrency, seemed to remain stable within the $30,000 range as of Thursday, with most coins experiencing a mix of gains and dips. Altcoins such as Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) displayed minor movements. Solana (SOL) was the biggest gainer with a 24-hour jump of nearly 2 percent, while Ziliqa (ZIL) was the biggest loser with a 24-hour loss of nearly 9 percent.
At the time of writing, the global crypto market cap stood at $1.19 trillion, registering a 24-hour dip of 1.33 percent.
Bitcoin (BTC)
The price of Bitcoin was $30,517.78 at the time of writing, displaying a 24-hour dip of 1.08 percent as per CoinMarketCap. According to Indian exchange WazirX, BTC was priced at Rs 26.32 lakh.
Ethereum (ETH)
Ethereum’s price stood at $1,914.24, with a 24-hour dip of 1.32 percent. WazirX reported that the ETH price in India was Rs 1.65 lakh.
Dogecoin (DOGE)
CoinMarketCap data showed that DOGE’s 24-hour loss was 2.54 percent and was currently priced at $0.06713. WazirX reported that the Dogecoin price in India was Rs 5.80.
Litecoin (LTC)
Litecoin saw a 24-hour dip of 1.90 percent and was trading at $103.60. Indian exchange WazirX reported that LTC was priced at Rs 8,676.47.
Ripple (XRP)
XRP was priced at $0.4778, showing a 24-hour loss of 2.64 percent. WazirX stated that the Ripple price was Rs 41.25.
Solana (SOL)
Solana’s price was $19.60, registering a 24-hour gain of 1.63 percent. WazirX reported that SOL price in India was Rs 1,699.89.
Top Crypto Gainers Today (July 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
• Solana (SOL): Price: $19.60, 24-hour gain: 1.80 percent
• Filecoin (FIL): Price: $4.62, 24-hour gain: 1.01 percent
• Monero (XMR): Price: $166.70, 24-hour gain: 0.28 percent
• Cronos (CRO): Price: $0.05781, 24-hour gain: 0.24 percent
• Bitcoin Cash (BCH): Price: $276.99, 24-hour gain: 0.11 percent
Top Crypto Losers Today (July 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
• Ziliqa (ZIL): Price: $0.02167, 24-hour loss: 8.65 percent
• BitDAO (BIT): Price: $0.4646, 24-hour loss: 7.24 percent
• Fantom (FTM): Price: $0.2964, 24-hour loss: 6.37 percent
• Render Token (RNDR): Price: $1.96, 24-hour loss: 6.28 percent
• Mina (MINA): Price: $0.4821, 24-hour loss: 5.98 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel noted that Bitcoin faced a downward trend after the release of the Federal Open Market Committee (FOMC) minutes. However, with optimistic comments from the CEO of BlackRock, Bitcoin managed to remain stable above the $30,400 threshold, although it had briefly exceeded $31,000 earlier this week. He added that it was important to monitor the cryptocurrency’s proximity to the significant resistance level of $31,000 in the short term.
Shubham Hudda, Senior Manager of CoinSwitch Markets Desk, commented that there was slight selling pressure in the crypto market in the last 24 hours, but the global crypto market capitalisation remained above $1.2 trillion. He added that the crypto fear and greed index had declined by 5 points but still remained in the greed zone with a score of 56/100.
Rajagopal Menon, Vice President of WazirX, said that the positive price movement of crypto had set the tone for bigger prospects in Web3. However, he warned that a surge in the sale of tokens could be seen if it failed to hit $31,000. He added that altcoins had also been showing signs of growth following Bitcoin’s trajectory, and it could be a chance for projects to leverage their communities and tap into this growth phase.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said that Bitcoin had experienced a slight fall to news of a rate hike pause and an expected recession later this year. He added that Bitcoin was currently facing resistance at $31,000, according to technical analysis, but had managed to stay just above that level at around $30,050. He noted the presence of a bearish candle on the daily time frame that indicated a strong possibility of a bearish correction.
Shivam Thakral, the CEO of BuyUCoin, said that the crypto market had demonstrated remarkable growth over the past 24 hours, with a total volume of $32.22 billion, representing a 9.08 percent increase. He added that the decentralised finance (DeFi) sector had contributed $2.74 billion in volume, which made up 8.49 percent of the overall crypto market volume. He concluded that Bitcoin held a price of $30,468, continuing to play a central role in the cryptocurrency landscape.
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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.
