Bitcoin (BTC), the oldest and most valued cryptocurrency, managed to remain stable within the $30,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of minor gains and dips across the board. The Stellar (XLM) token became the top gainer, with a 24-hour jump of nearly 10 percent. 1INCH, on the other hand, emerged to be the biggest loser, with a 24-hour loss of nearly 8 percent.
The global crypto market cap stood at $1.21 trillion at the time of writing, registering a 24-hour gain of 0.209 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,085.69, registering a 24-hour jump of 0.13 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.66 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,914.22 marking a 24-hour gain of 0.51 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.62 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.10 percent, as per CoinMarketCap data, currently priced at $0.06957. As per WazirX, Dogecoin price in India stood at Rs 5.85.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.63 percent. At the time of writing, it was trading at $93.63. LTC price in India stood at Rs 8,013.05.
Ripple (XRP) Price Today
XRP price stood at $0.7932, seeing a 24-hour gain of 7.36 percent. As per WazirX, Ripple price stood at Rs 67.71.
Solana (SOL) Price Today
Solana price stood at $26.42, marking a 24-hour loss of 0.37 percent. As per WazirX, SOL price in India stood at Rs 2,286.99.
Top Crypto Gainers Today (July 19)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stellar (XLM)
Price: $0.1407
24-hour gain: 9.44 percent
Ripple (XRP)
Price: $0.80
24-hour gain: 8.26 percent
BitDAO (BIT)
Price: $0.5407
24-hour gain: 5.62 percent
XDC Network (XDC)
Price: $0.03522
24-hour gain: 3.91 percent
Hedera (HBAR)
Price: $0.05363
24-hour gain: 3.83 percent
Top Crypto Losers Today (July 19)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
1inch Network (1INCH)
Price: $0.361
24-hour loss: 7.81 percent
Ziliqa (ZIL)
Price: $0.02191
24-hour loss: 4.74 percent
Compound (COMP)
Price: $71.34
24-hour loss: 4.64 percent
Render Token (RNDR)
Price: $1.91
24-hour loss: 4.04 percent
Mina (MINA)
Price: $0.4608
24-hour loss: 3.65 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a brief decline to the $29,800 level before quickly rebounding above $30,000 within the last 24 hours. Although BTC has faced a three-day downward trend, it has achieved a remarkable 84 percent year-to-date gain. Despite efforts from bears to pull BTC down, bullish forces persistently work to keep it above the crucial $30,000 threshold. In contrast, XRP has outperformed BTC by maintaining a three-day winning streak, recording a gain of over 9 percent in the past 24 hours and an impressive 70 percent increase in the past week. Additionally, Ethereum has successfully maintained its position above the $1,900 level.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC had its fifth consecutive red day as the price traded below $30,000 for most of the last 24-hour period. Popular altcoins like XRP (+8.3 percent), XLM (+5.68 percent), and SNX (+4.58 percent) have shown some strength at the back of their recent developments. XRP pump can be attributed to the recent SEC lawsuit verdict while XLM, being a fork of XRP, is also gaining investor attraction. SNX however seems to gain from the recent from the recent CCIP integration on LINK (-2.28 percent). In other news, Binance has integrated Lighting Network on Bitcoin withdrawals which have reduced the BTC withdrawal fees by more than 90 percent; from close to a few dollars to a few cents. This may further BTC’s adoption as transferring BTC will become cheaper.”
Rajagopal Menon, Vice President, WazirX, offered his take, “The market sentiment around Ethereum remains positive, driven by growing enthusiasm for Ethereum 2.0 and the ability to stake large volumes of the cryptocurrency. The prices of ETH have been up in the last 24 hours. The last four weeks have witnessed significant inflows into digital assets, amounting to a staggering $742 million. This surge in inflows can be attributed to various factors, including the recent Ripple verdict. The clarity provided by the legal outcome has restored confidence among investors, attracting more capital into the digital asset space.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin market presents a mixed outlook. The cryptocurrency is finding support near $29,750, indicating a potential bullish recovery thanks to a triple bottom pattern on the four-hour time frame. However, the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and 50-day Exponential Moving Average indicate bearish sentiment, indicating a higher chance of a downtrend. A break below $29,750 could intensify selling pressure and possibly push the price towards $29,300 or even $28,750. Conversely, a bullish breakout above $30,400 could lead to higher price levels at $30,900 or $31,750. Bitcoin is not expected to fall below $20,000 unless there is a significant selloff, which requires close monitoring by traders and enthusiasts.”
Shivam Thakral, the CEO of BuyUCoin, said, “In the previous 24 hours, the overall market volume for the cryptocurrency sector has decreased by 7.64 percent due to market swings. Bitcoin is down 1 percent to $29,856 and ether is also down 1 percent to $1,896. While much of the alternative currency market is starting the day as a sea of red, XRP is maintaining its upward trend, climbing 5 percent to $0.77. The market is range-bound and stagnant, as seen by the current Bitcoin moves, while maintaining a $30,034.92 market price.”
CoinDCX Research Team told ABP Live, “Crypto markets saw a slight dip of 0.3 percent with Bitcoin and Ethereum hovering just below $30,000 and $1,900 levels, respectively. Though investors remained optimistic about the prospects of Bitcoin exchange-traded funds (ETFs), the SEC recently approved a second spot Bitcoin ETF application for review from asset manager Valkyrie, following the approval of a similar application from BlackRock the previous week. This signals that the SEC is open to the idea of spot Bitcoin ETFs, which could provide a major boost to the crypto market.”
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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.
