CRYPTOCURRENCY PRICE TODAY: BITCOIN CLIMBS ABOVE $66,000, AAVE BECOMES TO GAINER
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to recover from its losses as it rose above the $66,000 mark for the first time this week. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — mostly saw minor gains and losses across the board as the overall Market Fear & Greed Index stood at 59 (Neutral) out of 100, as per CoinMarketCap data. The AAVE token became the biggest gainer of the lot, with a 24-hour jump of over 15 percent. Mantra (OM) became the biggest loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $2.39 trillion at the time of writing, registering a 24-hour jump of 3.39 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,926.30, registering a 24-hour gain of 4.20 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 45.03 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,264.61, marking a 24-hour jump of 2.53 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.129 percent, as per CoinMarketCap data, currently priced at $0.129. Dogecoin price in India stood at Rs 8.91.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.72 percent. At the time of writing, it was trading at $70.83. LTC price in India stood at Rs 5,023.08.
Ripple (XRP) Price Today
XRP price stood at $0.6064, seeing a 24-hour jump of 0.97 percent. Ripple price in India stood at Rs 43.20.
Solana (SOL) Price Today
Solana price stood at $177, marking a 24-hour gain of 3.83 percent. SOL price in India stood at Rs 10,250.
Top Crypto Gainers Today (July 26)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aave (AAVE)
Price: $102.1524-hour gain: 15.63 percent
SATS (1000SATS)
Price: $0.000328724-hour gain: 14.32 percent
Monero (XMR)
Price: $174.6424-hour gain: 11.11 percent
ORDI (ORDI)
Price: $38.2924-hour gain: 9.92 percent
Helium (HNT)
Price: $5.2924-hour gain: 9.70 percent
Top Crypto Losers Today (July 26)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mantra (OM)
Price: $1.1924-hour loss: 3.08 percent
NEAR Protocol (NEAR)
Price: $5.6224-hour loss: 1.38 percent
dYdX (Native) (DYDX)
Price: $1.2624-hour loss: 1.24 percent
Fantom (FTM)
Price: $0.44524-hour loss: 1.01 percent
Worldcoin (WLD)
Price: $2.2024-hour loss: 0.97 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin rebounded above $67,000 following strong U.S. economic data for the second quarter. Positive sentiment was further fueled by VanEck's projection that BTC's price could reach $2.9 million by 2050. Market participants are now eyeing Trump's speech at the Bitcoin Conference in Nashville today. If Bitcoin can break through the $67,500 resistance, it might target the $68,500 level. Overall, the market sentiment remains positive.”
CoinSwitch Markets Desk noted, “The global financial markets experienced turbulence as Bitcoin and global stocks fell sharply. China's unexpected interest rate cut ignited fears of an economic slowdown, causing the yield curve on U.S. Treasuries to steepen, a clear signal of mounting concerns about the economic outlook. This selloff persisted despite the U.S. Federal Reserve pausing its rate hike cycle, indicating rising investor anxiety about the global economy's health.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “VanEck predicts that Bitcoin could reach $2.9 million by 2050, thanks to its acceptance as a global medium of exchange and reserve asset. As traditional reserve currencies lose value and Bitcoin's scalability issues are addressed, it could facilitate 10% of international trade and 5% of domestic trade. Central banks could hold 2.5% of their assets in BTC, leading to a market cap of $61 trillion. Bitcoin's role in the global financial system could grow significantly depending on overcoming scalability issues and maintaining stability. Bitcoin is currently trading at $66,274, showing a 0.75% increase and a bullish trend.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market has shown resilience, thriving with the total market cap of $2.39 trillion, marking a 3.47% increase over the last day. The total trading volume has witnessed a significant surge to $83.72 billion, reflecting a 5.32% rise. Bitcoin’s dominance climbing to 55.42%, the momentum is clearly on the side of innovation and growth in the crypto ecosystem. This positive trend highlights the increasing confidence in digital assets and the bright future for the crypto ecosystem.”
CoinDCX Research Team told ABP Live, “The crypto market continues to trade mixed, with Ethereum dropping sharply due to ETH ETF net outflows. Bitcoin has traded sideways, while other altcoins are down significantly. Solana and its ecosystem tokens remain strong. Volatility is expected to remain high with today's PCE Price Index data announcement. Technically, Bitcoin is outperforming Ethereum. BTC is slightly above $67,000, looking bullish, and could test the range high at $70-71k. On the other hand, ETH appears weaker, and the main focus will be on ETF flows.”
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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.
2024-07-26T06:14:02Z dg43tfdfdgfd