Bitcoin, the world’s oldest and most valued cryptocurrency, remained below $30,000 early Friday morning, trading sideways and seeing a mix of minor dips and gains across other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). Market fear and greed index stood at a neutral score of 51 (out of 100). The biggest gainer was ImmutableX (IMX) token, with a 24-hour jump of nearly 13 percent, while Maker (MKR) was the biggest loser, with a 24-hour dip of nearly 6 percent.
At the time of writing, the global crypto market cap stood at $1.18 trillion, registering a 24-hour dip of 0.55 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $29,230.02, registering a 24-hour dip of 0.63 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.37 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,862.31 marking a 24-hour loss of 0.82 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.61 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.30 percent, as per CoinMarketCap data, currently priced at $0.07728. As per WazirX, Dogecoin price in India stood at Rs 6.69.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.50 percent. At the time of writing, it was trading at $90.88. LTC price in India stood at Rs 7,766.17.
Ripple (XRP) Price Today
XRP price stood at $0.7137, seeing a 24-hour loss of 0.70 percent. As per WazirX, Ripple price stood at Rs 61.99.
Solana (SOL) Price Today
Solana price stood at $24.93, marking a 24-hour dip of 0.24 percent. As per WazirX, SOL price in India stood at Rs 2,189.91.
Top Crypto Gainers Today (July 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
ImmutableX (IMX): Price: $0.8167, 24-hour gain: 12.96 percent
Casper (CSPR): Price: $0.04058, 24-hour gain: 6.54 percent
Nexo (NEXO): Price: $0.6543, 24-hour gain: 4.17 percent
Internet Computer (ICP): Price: $4.26, 24-hour gain: 2.51 percent
Stellar (XLM): Price: $0.1615, 24-hour gain: 2.29 percent
Top Crypto Losers Today (July 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Maker (MKR): Price: $1,165.33, 24-hour loss: 5.87 percent
Theta Network (THETA): Price: $0.7804, 24-hour loss: 5.40 percent
XDC Network (XDC): Price: $0.05984, 24-hour loss: 4.70 percent
Mantle (MNT): Price: $0.5143, 24-hour loss: 4.00 percent
Synthetix (SNX): Price: $2.84, 24-hour loss: 3.38 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel said to ABP Live, “In a brief surge, Bitcoin surpassed the $29,500 level yesterday but is now consolidating at approximately $29,200. This drop followed news of the Bank of Japan contemplating changes to its yield curve control policy to manage real-time interest rates. Bitcoin remained unaffected by interest rate hikes from both the US central bank and the European Central Bank over the past 24 hours. However, if it fails to break through the $29,300 resistance, a continued downward movement is possible.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC (-0.6 per cent) is holding steady at around $29,200 and traded within a tight range of $29,000-29,500 in the last 24 hours. The top 10 cryptos by market capitalisation seem to be trading in the red, except for Solana. SOL (+0.9 percent) has been trading below a strong resistance level due to the weakening in its buying strength. Simultaneously, the Federal Reserve’s interest rate hike, followed by a higher-than-expected US GDP, raises concerns about prolonged high rates. This may impact the market’s future price action, as investors may begin to move towards ‘risk-off’ asset classes.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin remains stagnant, trading slightly above $29,240. It experienced a 0.3 percent drop over the past 24 hours, maintaining its range between $29,000 to $31,800 since mid-June. Despite global economic concerns and rate hikes, BTC shows resilience, with experts anticipating significant upward movement in the 2024 halving event. On WazirX, Pendle (PENDLE) and Venus (XVS) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin technical analysis reveals that the cryptocurrency has found support at around $28,850, which is evident from the Doji series and rotating candles closing above this level. Currently, Bitcoin is trading just below notable resistance at $29,500, bolstered by a descending trend line on the four-hour time frame. This suggests the possibility of a minor BTC price correction today. Notably, Bitcoin broke through the 50-period exponential moving average (EMA), which previously acted as resistance around $29,250 and now serves as a support level. A close