Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to rise above the $22,000 mark over the past 24 hours. On early Wednesday morning, BTC was priced at $21,070.81. Most other popular altcoins, including the likes of Ethereum (ETH), Ripple (XRP), and Solana (SOL), also suffered minor losses. On the other hand, the TerraClassicUSD (USTC) token managed to become the top gainer over the past 24 hours, while the Convex Finance (CVX) token turned out to be the biggest loser.
At the time of writing, the global crypto market cap stood at $970.53 billion as per CoinMarketCap data, registering a 24-hour loss of 0.09 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $21,070.81. As per CoinMarketCap, Bitcoin saw a 24-hour dip of 0.34 percent. As per Indian exchange WazirX, BTC price stood at Rs 17.65 lakhs.
Ethereum (ETH) price today
With a 24-hour loss of 0.37 percent, ETH price stood at $1,425.01. As per WazirX, Ethereum price in India stood at Rs 1.21 lakhs.
Dogecoin (DOGE) price today
DOGE saw a minor 24-hour gain of 0.14 percent as per CoinMarketCap data, currently priced at $0.06193. As per WazirX, Dogecoin price in India stood at Rs 5.34.
Litecoin (LTC) price today
Litecoin registered a dip of 0.80 percent over the past 24 hours. At the time of writing, it was priced at $53.17. LTC price in India stood at Rs 4,595.98.
Ripple (XRP) price today
XRP price stood at $0.3312, seeing a 24-hour loss of 0.75 percent. As per WazirX, Ripple price stood at Rs 28.19.
Solana (SOL) price today
Solana price stood at $35.78, marking a 24-hour loss of 1.14 percent. As per WazirX, SOL price in India stood at Rs 3,080.
Top crypto gainers today (July 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 14.34 percent
24-hour gain: 7.31 percent
Ethereum Classic (ETC)
24-hour gain: 7.30 percent
24-hour gain: 6.43 percent
24-hour gain: 3.72 percent
Top crypto losers today (July 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Convex Finance (CVX)
24-hour loss: 6.24 percent
24-hour loss: 4.13 percent
24-hour loss: 3.50 percent
24-hour loss: 3.41 percent
Curve DAO Token (CRV)
24-hour loss: 3.30 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “The crypto market continued on a bearish trend for another consecutive day on Tuesday. The two largest cryptos, Bitcoin and Ethereum, surrendered their weekly gains with increasing selling pressure. The market seems to react to the upcoming Federal Open Market Committee meet-up. Bitcoin may rise or fall ahead of the meet-up. Investors might push it a bit up, perceiving it as a lower-risk asset than others ahead of the FOMC meeting. On the other hand, there are some chances that bears may test the $20,000 level.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Tuesday was one of the days where crypto prices fell by as much as 10%. The corrections don’t seem to have been triggered due to some specific news but however institutional investors trying to exit for time being is driving the prices even lower. Most of the alternate coins did follow the trend of bitcoin throughout the day except that bitcoin fell overall by 5 percent and most of the alts fell by 10 percent. The second-biggest crypto by market cap, Ether, saw a sharp correction of up to 12 percent that got gathered over the full day.”
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.