Crypto

Cryptocurrency Price Today: Bitcoin, Ethereum Top Coins In Doldrums, Chainlink Becomes Top Gain

Published

1 year ago

July 21, 2023

Cryptocurrency Price Today: Bitcoin, Ethereum Top Coins In Doldrums, Chainlink Becomes Top Gain

Bitcoin (BTC), the oldest and most valued cryptocurrency, failed to rise above the $30,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor dips across the board. The Chainlink (LINK) token became the top gainer, with a 24-hour jump of over 18 percent. Rocket Pool (RPL), on the other hand, emerged to be the biggest loser, with a 24-hour loss of over 6 percent.

The global crypto market cap stood at $1.21 trillion at the time of writing, registering a minor 24-hour gain of 0.01 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $29,895.37, registering a 24-hour loss of 0.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.69 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,896.72 marking a 24-hour loss of 0.04 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 jump of 1.69 percent, as per CoinMarketCap data, currently priced at $0.07166. As per WazirX, Dogecoin price in India stood at Rs 6.19.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 0.40 percent. At the time of writing, it was trading at $92.59. LTC price in India stood at Rs 8,089.61.

Ripple (XRP) Price Today

XRP price stood at $0.7925, seeing a 24-hour loss of 5.06 percent. As per WazirX, Ripple price stood at Rs 69.19.

Solana (SOL) Price Today

Solana price stood at $25.44, marking a 24-hour dip of 4.29 percent. As per WazirX, SOL price in India stood at Rs 2,230.

Top Crypto Gainers Today (July 21)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Chainlink (LINK)

Price: $8.25
24-hour gain: 18.41 percent

Maker (MKR)

Price: $1,164.71
24-hour gain: 15.24 percent

Synthetix (SNX)

Price: $3
24-hour gain: 9.95 percent

Compound (COMP)

Price: $75.39
24-hour gain: 8.62 percent

Polkadot (DOT)

Price: $5.65
24-hour gain: 7.65 percent

Top Crypto Losers Today (July 21)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Rocket Pool (RPL)

Price: $30.77
24-hour loss: 6.23 percent

MultiversX (EGLD)

Price: $33.84
24-hour loss: 5.66 percent

Ripple (XRP)

Price: $0.7958
24-hour loss: 4.71 percent

Solana (SOL)

Price: $25.55
24-hour loss: 3.97 percent

Hedera (HBAR)

Price: $0.05642
24-hour loss: 3.64 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has persisted below the $30,000 threshold for yet another consecutive day, influenced by various factors such as investors taking profits after a rally and the US dollar’s strengthening. At one point, BTC even dropped to a one-month low of $29,500. Currently, BTC faces resistance at the $30,000 level and finds support at $29,600. Apart from Bitcoin, XRP and Ethereum have also experienced value declines. On a positive note, LINK’s performance has managed to avoid a downturn. Furthermore, a notable development is the United States government introducing a new bill to regulate digital assets, potentially impacting the future of cryptocurrencies.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC, for another day, traded flat while altcoins registered some significant developments. LINK (+17.3 percent) is making a big move after launching its CCIP (Cross-Chain Interoperability Protocol). Good moves in other prominent DeFi tokens like MKR (+8.38 percent), SNX (+5.96 percent), and COMP (+5.29 percent) underline that the current market interest is around accumulating quality DeFi protocols before Bitcoin coves out of its tight range of trading.”

Rajagopal Menon, Vice President, WazirX, offered his take, “The overall market sentiment remains neutral even as prices for Bitcoin and Ethereum decreased. The macroeconomic factors and equity markets results have had little impact on user sentiment. Altcoins continue their popularity streak even amidst price volatility.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently hovering slightly above the important $29,500 support level, bolstered by a triple bottom pattern on the four-hour time frame. Technical indicators such as RSI (39) and MACD (-5) indicate bearish sentiment. The 50-day exponential moving average acts as resistance around $29,995. The likelihood of Bitcoin remaining bearish below $30,000 is high, with potential support at $28,900 if it breaks below $29,500. A bullish breakout could push it to $30,000 and even $30,500. If demand increases, a break of $30,450 could lead to a rally towards further resistance at $31,200. Watching the $29,500 level is vital as it could indicate a buying opportunity above or quick selling positions if breached.”

Shivam Thakral, the CEO of BuyUCoin, said, “The entire volume of the cryptocurrency market increased by an amazing 19.70 percent over the past day to reach an astounding $37.46 billion. Ripple’s XRP, the third-largest cryptocurrency, gained 6.8 percent, while native cryptocurrencies Cardano, Solana, ADA, and SOL surged over 6 percent, outpacing Bitcoin and Ether. With a value of $29,905.69, Bitcoin continues to play a significant role in this rollercoaster. These numbers demonstrate the potential of the cryptocurrency sector and its indisputable influence on the financial landscape, which presents opportunities and difficulties for both investors and enthusiasts.”

CoinDCX Research Team told ABP Live, “Bitcoin is holding a key support above $30,000 with a record-breaking accumulation of 5,92,000 BTCs worth $17.8 billion at the $30,200 level as per Glassnode, suggesting that investors are confident that BTC will continue to hold above this level. However, BTC dominance is close to its 1-month low, as investors are shifting their focus to smaller, riskier tokens. One such token is XRP, which has surpassed Bitcoin in trading volume after a court ruling determined that it is not a security.”

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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.

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Crypto

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Published

5 hours ago

October 4, 2024

Press Room

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction.

Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures Commission (SFC) website.

With its expertise in security token offerings (STO) and real-world asset (RWA) tokenisation, HKVAX aims to offer over-the-counter trading, exchange and custody services, the company said in a statement published on Friday.

The licence “demonstrates Hong Kong’s resolve to lead in the virtual-asset industry”, while HKVAX aims to establish the city as “the STO and RWA centre for Asia and beyond”, co-founder and chief executive Anthony Ng said in the statement.

01:53

Hong Kong’s financial summit ends on an upbeat note as city heads ‘back to business’

The company’s trading platform and onboarding system are still “undergoing final preparations”, the company said in a notice on its website.

Crypto

From $37B to $24.5B: DAO Treasuries Experience Significant Downturn – Blockchain Bitcoin News

Published

13 hours ago

October 4, 2024

Press Room

From B to .5B: DAO Treasuries Experience Significant Downturn – Blockchain Bitcoin News

In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations […]

Crypto

Deadline Extended! Argentinians Seize Last Chance for Cryptocurrency Amnesty!

Published

21 hours ago

October 4, 2024

Press Room

Deadline Extended! Argentinians Seize Last Chance for Cryptocurrency Amnesty!

Local exchanges like Bitso and Lemon report significant increases in digital currency deposits since the amnesty’s announcement.
Carlos Peralta of Bitso noted a surge in inquiries, suggesting higher future participation before the deadline extension.

In Argentina, the cryptocurrency amnesty program, initiated in July, has surprisingly exceeded expectations according to local exchanges. This initiative allows Argentinians to declare their cryptocurrency holdings to the government without fear of repercussions.

The deadline for this declaration has been extended to October 31

The Argentine government has extended the deadline for asset regularization through Decree No. 864/2024, published on September 30, 2024. This extension modifies the dates of the regime established by Law No. 27.743 on Palliative and Relevant Fiscal Measures, allowing fiscal residents in Argentina and non-residents who were previously fiscal residents to voluntarily declare assets both domestically and abroad until October 31, 2024, for the first stage. The subsequent stages have been extended to January 31, 2025, and April 30, 2025, respectively.

Furthermore, the decree specifies that funds regularized up to September 30, 2024, can be withdrawn starting October 1, 2024, without retention, provided that no new regularizations are made after that date. Funds not exceeding USD 100,000 will be exempt from retention starting November 1, 2024, and those exceeding that amount must be kept in special accounts or allocated to authorized investments until December 31, 2025, to avoid a 5% retention.

Fiscal transparency and the integration of undeclared assets into the formal economy

Representatives from cryptocurrency exchanges such as Bitso and Lemon have reported a significant uptake in participation since the program’s announcement. They observed a record increase in digital currency deposits, suggesting a strong willingness among Argentinians to comply with the new regulations.

Carlos Peralta, the leader of Public Affairs at Bitso Argentina, noted a spike in inquiries even before the extension was announced, indicating a high level of interest.

“Perhaps now with more time, they decide to enter” Peralta commented, hinting at the potential for even greater participation in the coming weeks.

Similarly, Juan Pablo Fridenberg, Director of Public Affairs at Lemon, highlighted that September saw the highest volume of cryptocurrency deposits in the platform’s history.

“Although we do not know how many users have effectively joined, as this information is only available to the Federal Administration of Public Revenue (AFIP), we can affirm that the volume exceeded July’s by 23%,” said Fridenberg.

As we usually report on Crypto News Flash, this initiative by the Argentine government aims to bring transparency to the cryptocurrency market, which has traditionally operated with minimal oversight. By encouraging citizens to declare their digital assets, the government hopes to integrate these into the formal crypto economic system, reducing the risks associated with unregulated markets.

The positive response from the public and the extension of the deadline reflect the growth, as we have been reporting on Crypto News Flash, this may accept and normalize cryptocurrencies in Argentina. This move is part of a broader effort to stabilize the financial system and restore trust among investors and the public in the potential of digital currencies as legitimate financial assets.