Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, dipped below the $67,000 mark early Tuesday ahead of the federal budget announcement. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), were mostly across the board lower, with the market-wide Fear and Greed Index hitting a score of 63 out of 100 (Greed), according to CoinMarketCap data. The Ethereum Name Service (ENS) token was the biggest gainer, up about 3% over 24 hours. Mogcoin (MOG) was the biggest loser, down more than 13% over 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.42 trillion, down 1.86% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $66,401.74, down 1.95% in 24 hours. According to Indian exchanges, the price of BTC was Rs 45.03 lakh.
Ethereum (ETH) Price Today
ETH price is at $3,430.01, down 2.19% in 24 hours at the time of writing. Ethereum price in India is Rs 2.13 lakh.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has fallen 5.05% in the last 24 hours and is currently priced at $0.1336. The price of Dogecoin in India is 8.91 rupees.
Litecoin (LTC) price today
Litecoin fell 3.30 percent in 24 hours and was trading at $70.84 at the time of writing. The LTC price in India was Rs 5,023.08.
Ripple (XRP) Price Today
The price of XRP was at $0.5969, up 0.42% in 24 hours. The price of Ripple in India was at Rs 43.20.
Solana (SOL) Price Today
Solana price was at $174.03, down 3.47% in 24 hours. SOL price in India was Rs 10,250.
Top cryptocurrency gainers today (July 23rd)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Ethereum Name Service (ENS)
price: $26.89
24 hour increase: 2.57 percent
BitGet Token (BGB)
price: $1.19
24 hour increase: 0.98 percent
UNUS SED LEO (LEO)
price: $5.78
24 hour increase: 0.68 percent
Ripple (XRP)
price: $0.5966
24 hour increase: 0.20 percent
Ethereum Classic (ETC)
price: $23.82
24 hour increase: 0.16 percent
Today's Biggest Crypto Losers (July 23)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Mog Coin (MOG)
price: $0.00000197
24 hours lost: 13.25 percent
BONK
price: $0.00002812
24 hours lost: 11.76 percent
Etena (ENA)
price: $0.4335
24 hours lost: 9.48 percent
Bittensor (TAO)
price: $314.33
24 hours lost: 8.55 percent
Notcoin (NOT)
price: $0.01428
24 hours lost: 8.46 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO at Madrex, told ABP Live: “Bitcoin continues to hover around the $67,000 mark as market participants book profits and the US dollar strengthens. Nevertheless, bullish sentiment remains strong, with Bitcoin up around 5% in the past week. Key resistance levels are at $68,300 and support at $66,500. Additionally, an Ethereum ETF is set to begin trading today, signalling SEC approval. This development could attract institutional interest and further fuel market activity.”
CoinSwitch Markets Desk said, “Bitcoin found support at the crucial $66,600 and continues its uptrend, but $69,000 is a major resistance that needs to be broken on volume to give BTC any chance of hitting new all-time highs again. Meanwhile, US regulators have given final approval to an Ethereum-based ETF product, meaning institutional investors will now have direct access to more than 71% of the $2.45 trillion crypto asset industry through regulated products. Finally, India's federal budget is due to be announced today with the crypto industry hoping for tax cuts.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is currently trading at $67,410, a slight downside of around 1%. On the 4-hour chart, $66,660 is a key pivot point for traders. The immediate resistance level is $68,420, followed by $69,250 and $70,090. Support is at $65,880, further up at $65,120 and $64,300 levels. Technical indicators are showing mixed signals. The RSI is showing neutrality at 55, while the 50-day EMA at $66,250 suggests a buying trend above $66,000. The ascending trend line near $66,660 provides further bullish support and the outlook for Bitcoin remains positive above this level.” However, a drop below $66,660 could trigger a significant downtrend.
CoinDCX research team told ABP Live: “The cryptocurrency market remained sideways with high volatility due to a mix of news and announcements. Ethereum trading began today and has also received SEC approval. It remains to be seen how the price will react. This week will be crucial and we expect very high volatility due to several factors. Key macro events include US GDP quarterly data, PCE Price Index and unemployment claims, all of which could impact market movements. Additionally, Mt Gox creditors will also receive BTC and BCH, but the market reaction is uncertain. Finally, the Bitcoin Conference this weekend will feature Donald Trump as a main speaker, which could have a major impact on the market.”
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Disclaimer: Cryptocurrency products and NFTs are unregulated and may be extremely risky. There may be no regulatory remedy for losses from such transactions. Cryptocurrencies are not legal tender and are subject to market risks. Readers are advised to seek professional advice and to carefully read the offer documents and any related material literature before making any type of investment. Cryptocurrency Market forecasts are speculative and any investments are made at the reader's own expense and risk.
