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

Better Cryptocurrency to Buy Today With $3,000 and Hold for 7 Years: XRP vs. Bitcoin

Published

24 hours ago

March 4, 2026

Press Room

Better Cryptocurrency to Buy Today With ,000 and Hold for 7 Years: XRP vs. Bitcoin

Key Points

Bitcoin is a store of value, but it’s facing a huge risk in the next 10 years or so.
XRP has utility today, but it’s facing an onslaught of competitors in the same time frame.
One of these assets has a more straightforward path to its ongoing success.

Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain of today, and more about picking the investment thesis that can inspire your conviction over time, survive your own boredom when the market is slow, and perhaps most importantly, survive a couple of gut-check drawdowns.

So with $3,000 to allocate today, is it smarter to load up on Bitcoin(CRYPTO: BTC) or XRP(CRYPTO: XRP) if you’re (hopefully) going to be holding whatever you pick through 2033?

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Image source: Getty Images.

Bitcoin’s job is simple

Bitcoin’s pitch is that it’s an asset with a fixed supply and enough of a social consensus about its worth that it functions as a store of value.

The coin’s supply cap is hard-coded at 21 million coins that can ever be mined. A lot of that supply, approximately 20 million Bitcoin, is already out in the world.

And if you’re building a well-balanced crypto portfolio, it’s the scarcity of the remaining supply and the guarantee that it’ll only get scarcer and more challenging to produce in the future that makes this coin a must-have holding.

Nonetheless, the long-term risk that investors should not dismiss is the advent of quantum computing, which in theory could crack Bitcoin’s encryption and enable the theft of coins at some point in the tail end of the next 10 years. There are some early steps taking place to update the coin to prevent that from being possible. Even so, the risk might not be fully addressed for years, or perhaps even too late to prevent a quantum attack which turns into a disaster for holders.

But the odds are good that Bitcoin’s developers will adapt to the threat in time.

XRP needs to keep winning to outperform

XRP is a bet that its chain, the XRP Ledger (XRPL), becomes important financial plumbing, and that demand for the coin rises alongside its use.

There are a few pieces of evidence that suggest it’s succeeding. The XRPL saw around 1.1 million daily transactions recently, and it hosts 7.6 million activated wallets. That activity could accelerate if financial institutions continue to onboard their capital to the network in hopes of managing it more readily than they could elsewhere.

Still, XRP competes against other money transfer rails and also against legacy systems for capital management. It needs to beat out that competition consistently over time to continue to grow. And while it’ll likely win enough of its competitive fights to survive and expand somewhat for the next seven years, to continue to thrive and be a great investment, it’ll need to be winning against bigger and bigger competitors all the while — and that’s a lot harder to believe in because it’s a high bar.

So if you want a coin for a seven-year hold that demands the least babysitting and the least competitive jockeying, invest your $3,000 into Bitcoin, as it only needs to change elements related to its security rather than its core feature set.

Should you buy stock in XRP right now?

Before you buy stock in XRP, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $523,599!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,118,640!*

Now, it’s worth noting Stock Advisor’s total average return is 951% — a market-crushing outperformance compared to 194% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

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Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy.

Crypto

Millions of dollars in crypto left Iranian exchanges after strikes, researchers say

Published

1 day ago

March 3, 2026

Press Room

Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli ‌strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.

Crypto

Wisconsin lawmakers crack down on cryptocurrency scams

Published

2 days ago

March 3, 2026

Press Room

Wisconsin lawmakers crack down on cryptocurrency scams

MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.

Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.

Americans lost over $330 million to scams involving crypto-kiosks in 2025.

As amended; the bill that passed the assembly would:

set daily transaction limits at $1,000
require cryptocurrency-kiosk operators to provide users with receipts
implement consumer-identification measures for every transaction
allow scam victims to receive refunds

“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”

Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.

Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.

“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”

The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.