As Joe Biden introduced his withdrawal from the US Presidential election run, Bitcoin (BT) managed to see a rally in costs as a result of improved possibilities of pro-crypto candidate Donald Trump’s win. The world’s oldest and most valued cryptocurrency briefly rose above the $68,000 mark early Monday, earlier than settling at round $67,000. Different in style altcoins — together with the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — noticed a mixture of features and losses throughout the board as the general Market Worry & Greed Index stood at 64 (Greed) out of 100, as per CoinMarketCap knowledge. The Avalanche (AVAX) token emerged to be the most important gainer, with a 24-hour soar of over 13 p.c. Arweave (AR) grew to become the most important loser, with a 24-hour dip of over 5 p.c.
The worldwide crypto market cap stood at $2.46 trillion on the time of writing, registering a 24-hour soar of 1.01 p.c.
Bitcoin (BTC) Worth As we speak
Bitcoin value stood at $67,777.96, registering a 24-hour acquire of 1.08 p.c, as per CoinMarketCap. In accordance with Indian exchanges, BTC value stood at Rs 45.03 lakh.
Ethereum (ETH) Worth As we speak
ETH value stood at $3,508.65, marking a 24-hour soar of 0.12 p.c on the time of writing. Ethereum value in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Worth As we speak
DOGE registered a 24-hour acquire of seven.46 p.c, as per CoinMarketCap knowledge, at present priced at $0.1408. Dogecoin value in India stood at Rs 8.91.
Litecoin (LTC) Worth As we speak
Litecoin noticed a 24-hour acquire of 0.28 p.c. On the time of writing, it was buying and selling at $73.34. LTC value in India stood at Rs 5,023.08.
Ripple (XRP) Worth As we speak
XRP value stood at $0.5955, seeing a 24-hour dip of 0.94 p.c. Ripple value in India stood at Rs 43.20.
Solana (SOL) Worth As we speak
Solana value stood at $180.82, marking a 24-hour acquire of 4.43 p.c. SOL value in India stood at Rs 10,250.
Prime Crypto Gainers As we speak (July 22)
As per CoinMarketCap knowledge, listed here are the highest 5 crypto gainers over the previous 24 hours:
Avalanche (AVAX)
Worth: $32.66
24-hour acquire: 13.10 p.c
Helium (HNT)
Worth: $5.05
24-hour acquire: 11.99 p.c
Celestia (TIA)
Worth: $7.32
24-hour acquire: 10.07 p.c
dogwifhat (WIF)
Worth: $2.76
24-hour acquire: 8.68 p.c
Dogecoin (DOGE)
Worth: $0.141
24-hour acquire: 7.79 p.c
Prime Crypto Losers As we speak (July 22)
As per CoinMarketCap knowledge, listed here are the highest 5 crypto losers over the previous 24 hours:
Arweave (AR)
Worth: $32.81
24-hour loss: 5.27 p.c
Worldocin (WLD)
Worth: $2.50
24-hour loss: 3.99 p.c
Brett (Based mostly) (BRETT)
Worth: $0.1432
24-hour loss: 3.90 p.c
Notcoin (NOT)
Worth: $0.01566
24-hour loss: 3.48 p.c
Immutable (IMX)
Worth: $1.62
24-hour loss: 2.67 p.c
What Crypto Exchanges Are Saying About Present Market State of affairs
Mudrex co-founder and CEO Edul Patel informed ABP Dwell, “Bitcoin has bounced again to the $68,000 mark as market individuals present optimism about Donald Trump’s potential election win. BTC is now eyeing the $70,000 degree, signalling a continued constructive sentiment. Nonetheless, bears are more likely to problem this advance within the $70,000 to $73,000 vary. Bitcoin’s energy has additionally led to a restoration in a number of altcoins. Moreover, the market might get one other enhance from the launch of Ethereum ETFs, that are anticipated to begin buying and selling on July 23.”
CoinSwitch Markets Desk famous, “Bitcoin (BTC) surged to a one-month excessive, reaching $66,700, amid a worldwide IT outage attributable to a software program replace from CrowdStrike. This rally, which noticed Bitcoin rise 4% in 24 hours, coincided with sturdy buying and selling volumes for BlackRock’s spot bitcoin ETF. Solana additionally carried out properly, rising 8.5% to over $170. Presently, BTC is priced at $68.09k.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, stated, “Bitcoin just lately surged to $67,567, its highest in a month, because of important ETF inflows, together with BlackRock’s $116.2 million addition, and favorable financial circumstances corresponding to lower-than-expected US CPI knowledge. Bitcoin is at present buying and selling at $66,762 and its worth is supported by steady hash charges and elevated miner holdings. With the ETF now holding over 900,000 BTC value $60 billion, investor confidence is rising. Key ranges embrace the pivot at $66,284 and resistance at $67,580, $68,000 and $68,424. Assist is at $66,000, $65,120 and $64,300. RSI at 63.53 and 50 EMA at $63,899 point out a bullish outlook if Bitcoin stays above $66,250.”
Shivam Thakral, CEO of BuyUcoin, stated, “The crypto market has witnessed a constructive surge, with the worldwide market cap rising by 0.85% to $2.47 trillion. BTC’s dominance has additionally risen to 54.27%, up 0.09% over the day, indicating investor confidence within the main cryptocurrency. Market reactions have been blended, with Bitcoin and Ethereum holding regular whereas Dogecoin skilled an increase, presumably influenced by President Joe Biden’s announcement of his withdrawal from the 2024 presidential race, which has stirred curiosity amongst traders.”
CoinDCX Analysis Workforce informed ABP Dwell, “Over the weekend, the crypto market remained constructive following President Biden’s announcement that he is not going to search re-election. This information is seen as useful for the crypto area because it will increase the possibilities of Trump’s return, who’s perceived as extra crypto-friendly. Technically, Bitcoin is now eyeing a check of the vary excessive on the early $70k degree. Regardless of an open CME hole down at round $58-61k, the rapid focus is on shifting in the direction of the vary excessive. The upcoming Bitcoin convention this weekend is predicted to deliver extra volatility to the market. Key assist ranges to think about are round $63,200 and $60,300. On the upside, resistance ranges are at $72,000 and $73,800.”
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