Crypto

Cryptocurrency Price Today: Bitcoin Sees Bloodbath, Dips Below $59,000. Top Coins Land In Reds

Published

2 years ago

July 4, 2024

Cryptocurrency Price Today: Bitcoin Sees Bloodbath, Dips Below ,000. Top Coins Land In Reds

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, lost all its hard-earned gains from the past weeks and dipped below the $59,000 mark early Thursday. It is largely believed that market pressures, including US Federal Reserve Chair Jerome Powell’s comments on inflation reduction and increased selling pressure due to to the $9-billion release from Mt. Gox, has led to the recent downfall. Understandably, other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw dips across the board as the overall Market Fear & Greed Index stood at 45 (Neutral) out of 100, as per CoinMarketCap data. Sam Altman-led Worldcoin (WLD) emerged to be the biggest gainer, with a 24-hour jump of nearly 6 percent. Akash Network (AKT) became the biggest loser, with a 24-hour dip of nearly 13 percent.

The global crypto market cap stood at $2.17 trillion at the time of writing, registering a 24-hour dip of 3.78 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $58,890.09, registering a 24-hour dip of 0.43 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 53.21 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,230.37, marking a 24-hour loss of 3.65 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.91 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour dip of 5.45 percent, as per CoinMarketCap data, currently priced at $0.1148. As per WazirX, Dogecoin price in India stood at Rs 10.54.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 6.45 percent. At the time of writing, it was trading at $70.46. LTC price in India stood at Rs 6,352.

Ripple (XRP) Price Today

XRP price stood at $0.4592, seeing a 24-hour dip of 4.18 percent. As per WazirX, Ripple price stood at Rs 41.52.

Solana (SOL) Price Today

Solana price stood at $136.51, marking a 24-hour dip of 7.77 percent. As per WazirX, SOL price in India stood at Rs 12,550.01.

Top Crypto Gainers Today (July 4)

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

Worldcoin (WLD)

Price: $2.31
24-hour gain: 5.34 percent

Bittensor (TAO)

Price: $234.23
24-hour gain: 0.23 percent

MultiversX (EGLD)

Price: $31.75
24-hour gain: 5.82 percent

Quant (QNT)

Price: $81.14
24-hour gain: 4.60 percent

MANTRA (OM)

Price: $0.8233
24-hour gain: 4.33 percent

Top Crypto Losers Today (July 4)

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

Akash Network (AKT)

Price: $3.25
24-hour loss: 12.61 percent

Conflux (CFX)

Price: $0.1489
24-hour loss: 12.50 percent

Fantom (FTM)

Price: $0.492
24-hour loss: 11.34 percent

Beam (BEAM)

Price: $0.01579
24-hour loss: 11.16 percent

Floki (FLOKI)

Price: $0.0001565
24-hour loss: 11.16 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently trading around the $58,000-$59,000 zone. This level is significant as BTC faces various market pressures, including outflows from spot BTC ETFs after a five-day inflow streak, selling pressure from the release of $9 billion from Mt. Gox, and US Federal Reserve Chair Jerome Powell’s comments on inflation reduction, stating that more evidence is needed before considering interest rate cuts. If BTC breaks below this support level, it could potentially drop to the next support levels at $56,500, $54,800, and $50,500. Investors and traders should closely monitor the market.”

CoinSwitch Markets Desk noted, “BTC crashed to a new three month low of under 58k USD before a mini recovery back to just under 60k USD. While the local low of BTC stands at 56.7k USD, anything lower would take us to a 5 month low in BTC prices. If not recovered again, 60k USD may now become a resistance. On the other hand, asset management firm Bitwise has amended its S-1 registration with the US SEC expected to give the final approvals on the ETH ETF as early as July. However this news could not stop ETH to bleed as it fell by more than 3% yesterday.”

Rajagopal Menon, Vice President, WazirX, said, “In the past 24 hours, more than $64.2 million in Bitcoin long positions have been liquidated, intensifying the asset’s selling pressure. Bitcoin failed to break the $61,000 resistance, prompting a decline to the critical $58,000 level. Further resistance is expected around the $60,000 mark as bears dominate the market, driven by liquidations, whale movements, and miner sell-offs. Uncertainty surrounding the Federal Reserve’s interest rate decisions is also adding to Bitcoin’s volatility. Federal Reserve Chair Jerome Powell has hinted at larger-than-expected rate cuts, though no timeline has been provided. This outlook is seen as bullish for Bitcoin and major altcoins. Additionally, a slowdown in miner sell-offs could alleviate market pressure in the coming weeks.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin recently fell below $60,000 to $59,544, driven by a stronger US dollar supported by robust labor market data, reducing expectations of an impending Fed rate cut. Federal Reserve Chairman Jerome Powell’s cautious stance on inflation targets further added to uncertainty and affected bitcoin’s trajectory. The upcoming launch of the Ethereum ETF on July 8 could intensify competition in the crypto market and potentially add downward pressure on Bitcoin prices as investors focus on more. Technical indicators suggest caution, with the RSI nearing oversold levels and the 50 EMA indicating resistance. Bitcoin’s immediate support is around $59,000, key to its short-term bullish outlook.”

CoinDCX Research Team told ABP Live, “The crypto market experienced a significant decline, with BTC dipping to $58,000, filling all CME futures gaps. BTC is now at a crucial level of $59,000; losing this level could lead to a continued fall to $54,000. A reversal from here could target the range high of $72,000-$73,000. ETH also dropped, bouncing from key support at $3,150. Below this, support is at $3,050, with resistance at $3,370.”

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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

Attorney General Jackley Proposes Legislation To Strengthen State’s Digital Cryptocurrency Investigations

Published

11 hours ago

January 6, 2026

Press Room

South Dakota Attorney General Marty Jackley says he will propose 2026 legislation allowing law enforcement to seize digital cryptocurrency accounts tied to criminal investigations, citing millions in reported losses to scams and fraud.

Crypto

Venezuela Crisis Watch: Bitcoin Exchange Netflows Signal Caution, Not Crypto Fear

Published

23 hours ago

January 6, 2026

Press Room

Venezuela’s return to the geopolitical spotlight is rattling crypto traders, but on-chain data shows limited stress, muted bitcoin selling, and a market increasingly resilient to headline-driven shocks rather than systemic financial threats.

Crypto

OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

Published

1 day ago

January 5, 2026

Press Room

OnePay by Walmart Allows Shoppers to Convert Cryptocurrency to Cash Immediate

Key Takeaway:

OnePay, which is supported by Walmart, is working on the incorporation of Bitcoin and Ethereum trading and custody services into its mobile banking app.
The new feature enables users to convert digital assets to U.S. dollars immediately and use them to make in-store purchases and pay using a credit card.
The backend is being provided by fintech infrastructure provider ZeroHash, which is similar to institutional designs at Morgan Stanley and Interactive Brokers.

Walmart is enthusiastically increasing its financial technology presence by introducing digital asset utility to its huge retail ecosystem. The retail giant is transitioning out of the conventional banking business through its majority-owned fintech business, OnePay, to provide a gateway between cryptocurrency and consumer spending.

OnePay Closes the Cryptocurrency and Commerce Gap

The Walmart partner Ribbit Capital has created OnePay, which is a joint venture that is planned to launch cryptocurrency trading and custodial services by the close of 2025. This integration is a major change that the platform has already achieved having already become one of the top-five finance applications on the Apple App Store. OnePay is launching Bitcoin and Ethereum, as well as its existing range of high-yield savings, debit cards, and its buy now, pay later offerings, which puts the company in a position to become a one-stop, one-app shopping experience to the American customer.

The most striking feature of this rollout is that it has a smooth conversion mechanism. In opposition to the old-fashioned methods when it could require days to transfer money to a bank account, OnePay users will have the opportunity to convert their crypto assets into U.S. dollars in the app in almost real-time. Such money can be immediately redeemed in Walmart checkouts or charged to balances in OnePay credit cards. This service is a good way of eliminating the technical obstacles that have traditionally divided the digital resources and the weekly grocery shopping.

Read More: Amazon and Walmart’s Stablecoin Ambitions Could Disrupt Crypto Payments Landscape

Technical Infrastructure and Partnerships

In order to support such services, OnePay is collaborating with ZeroHash, a Chicago-based infrastructure company focused on the settlement of digital assets. ZeroHash recently announced the close of a $104 million financing round with Interactive Brokers highlighting its expanding position as the plumbing of mainstream crypto adoption. Through an existing third party supplier, OnePay does not encounter the regulatory and technical challenges of developing a custom trading engine.

The presented infrastructure option will guarantee that OnePay will be able to accommodate large-volume transactions and still be compliant with the financial rules of the U.S. ZeroHash offers the APIs needed to bridge the blockchain networks to the standard banking rails that Walmart operates in the traditional banking infrastructure. This arrangement is similar to the approach taken by large brokerage firms such as the E-Trade of Morgan Stanley which is also gearing up to provide direct exposure to crypto to its clients.

Cryptomic Utility Scaling 150M Weekly Shoppers

The move by Walmart into the crypto-to-cash world is noteworthy due to the huge number of its users. The retailer has a customer base of about 150 million customers each week in the United States alone. Whereas crypto-native products, such as Coinbase and Kraken, are aimed at investors, OnePay targets a market segment, which, perhaps, does not care about professional trading features as much as they care about the practical utility of their assets.

The program arrives when the institutional interest in the digital asset sector grows. Bitcoin has just exceeded the figure of 120,000 and market capitalization of the stablecoins has increased to an all-time high of 300 billion. These milestones have generated a new demand for retail friendly crypto products which are not simply speculative, but are efficient in terms of payments.

Read More: Coinbase Bets Big on Prediction Markets, Acquiring The Clearing Company to Scale Onchain Event Trading

walmart

Influence on the Retail Fintech Scene

The shift places OnePay in the full-fledged competition with leading fintech companies such as PayPal, Venmo, and Cash App offered by Block. These solutions have been providing different types of crypto support over the years, but the fact that Walmart is thoroughly integrated with traditional retail is what provides OnePay an edge over the competition. As a user, the fact that one can manage a paycheck, get rewards, and use Bitcoin in the same ecosystem to purchase their household items is an impressive value proposition.

According to industry observers, it is one of several trends that are moving toward financialization of retailing. By providing a digital wallet that can be used with both fiat and crypto, Walmart is effectively proving to take over a larger portion of the financial life-cycle of the consumer. This decreases the dependence on the conventional banks and credit card networks, which may minimize transaction costs to the retailer and provide greater freedom to the customer.