Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, dropped below the $65,000 level early Thursday, showing its first signs of decline after several days of strength. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), fell across the board, pushing the market-wide Fear and Greed Index to 57 out of 100 (neutral), according to CoinMarketCap data. The LidoDAO (LDO) token recorded the largest gain, up more than 6% in 24 hours. Mogcoin (MOG) recorded the largest decline, down more than 7% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.37 trillion, down 1.33% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $64,780.29, down 1.55% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 5.7 crore.
Ethereum (ETH) Price Today
The ETH price is at $3,425.87, down 1.64% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 3.02 lakh crore.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has lost 1.78% in the last 24 hours and is currently priced at $0.1233. According to WazirX, the price of Dogecoin in India is Rs 10.84.
Litecoin (LTC) price today
Litecoin fell 1.68% in 24 hours. It was trading at $72.23 at the time of writing. The LTC price in India was Rs 6,235.35.
Ripple (XRP) Price Today
The price of XRP was at $0.6096, up 2.60 percent in 24 hours, while Ripple was at Rs 53.30, according to WazirX.
Solana (SOL) Price Today
Solana was priced at $158.51, down 1.77% in 24 hours. According to WazirX, the price of SOL in India was Rs 13,949.76.
Today's top cryptocurrency gainers (July 18th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Lido DAO (LDO)
price: $1.99
24 hour increase: 6.28 percent
Rendering (RNDR)
price: $6.78
24 hour increase: 4.42 percent
NEO
price: $11.93
24 hour increase: 4.37 percent
Thor Chain (Rune)
price: $4.36
24 hour increase: 4.06 percent
Axie Infinity (AXS)
price: $6.34
24 hour increase: 3.88 percent
Today's Biggest Crypto Losers (July 18th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Mog Coin (MOG)
price: $0.000002048
24 hours lost: 7.57 percent
Brett (bass)
price: $0.1326
24 hours lost: 6.88 percent
Jasmy Coin (JASMY)
price: $0.02955
24 hours lost: 6.71 percent
Pepe
price: $0.00001185
24 hours lost: 5.33 percent
Starknet (STRK)
price: $0.6036
24 hours lost: 5.20 percent
What Crypto Exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Madrex, told ABP Live: “Bitcoin is hovering around the $64,000 level amid a decline in the US stock market. BTC tried to break through the $66,000 resistance level but failed to sustain the upward momentum. If Bitcoin starts to rise again, it may encounter resistance at $65,000, with support at $63,850. Meanwhile, Ethereum is trading at $3,400 and bulls are looking to push the price to $3,730. We expect sellers to mount a strong defense around the $4,000 level. Moreover, Blackrock's recent purchase of 4,004 Bitcoin has seen a surge in inflows into the asset management giant.”
CoinSwitch Markets Desk said: “After five consecutive green days, BTC hit a red day, with the main US stock index, the NASDAQ 100, also experiencing its worst day since December 2022. Support was found around $64,000, but the world's largest cryptocurrency needs to break $65,000 by volume to rise further. In altcoins, Telegram-backed The Open Network's TON has announced a trustless DeFi bridge for Bitcoin, which will allow users to securely transfer Bitcoin to and from the TON network. This could be a bullish catalyst for the already popular chain.”
Rajagopal Menon, Vice President at WazirX said, “Surprisingly, Bitcoin (BTC) has fallen over the past 24 hours following the recent rally. Analysts attribute the drop to a possible liquidity crisis in the stablecoin market. Sentiment has also taken a hit after Peter Schiff expressed his preference for gold over Bitcoin. The market has seen dramatic price fluctuations since the start of 2024, with investors remaining cautious. However, clarity on upcoming interest rate cuts may provide some relief.”
Satvik Vishwanath, CEO and co-founder of Unocoin, said, “Crypto analyst Kevin Svensson predicts a parabolic rise for Bitcoin similar to the 2017 surge, suggesting an unprecedented peak. His analysis highlights strong structural growth and bullish sentiment that has investors excited. Recent inflows into US spot Bitcoin ETFs have pushed BTC price above $65,000, with BlackRock's iShares Bitcoin Trust leading the way. Currently, Bitcoin (BTC/USD) is trading around $64,610 with resistance levels at $65,980, $66,940, and $67,940 and support levels at $63,980, $63,020, and $62,330. The RSI of 61 and the 50-day EMA at $63,020 indicate positive momentum, supporting Svensson's bullish prediction.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market saw an increase in BTC supply after the shuttered exchange Mt. Gox moved $2.8 billion worth of Bitcoin to its internal wallets. The BTC refunded by Mt. Gox may soon be sold by retail investors who have been waiting for nearly a decade for repayment. BTC dipped below $63,000 but quickly recovered and is now trading above $64,000. The market is expected to remain volatile due to uncertainty over macroeconomic factors.”
CoinDCX research team told ABP Live: “In the past 24 hours, the cryptocurrency market experienced some dips, likely due to a small pullback in tokens. Nevertheless, overall market sentiment remains bullish and healthy in the short term. BTC ETF inflows remain net positive, indicating sustained interest and investment. Additionally, ETH ETFs are set to begin trading within the next few days, which could lead to ETH outperforming BTC. In a key development, SEC Commissioner Hester Pearce stated that both staking and physical issuance of Ethereum/Bitcoin ETFs are “subject to reevaluation,” leading to a 10% rise in ETH staking project tokens such as LIDO. Today's US unemployment claims data and ECB press conference could cause further volatility in the market this evening.”
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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.
