Cryptocurrency Price Today: Bitcoin Floats Above $23,000 Despite Tesla Sell-Off; Ethereum, Dogecoin, Solana Show Signs Of Recovery
Bitcoin (BTC), the world’s oldest and most value cryptocurrency, managed to rise above the $23,000 mark on early Friday morning. Despite speculations that it would lose its value after Elon Musk-owned electric carmaker Tesla announced that it is selling 75 percent of its BTC asset, Bitcoin managed to stay strong so far. Several other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP) managed to register minor gains over the past 24 hours. Among lesser-known altcoins, Bitcoin Gold (BTG) became the top gainer over the past 24 hours.
At the time of writing, the global crypto market cap stood at $1.05 trillion as per CoinMarketCap data, registering a 24-hour gain of 2.47 percent.
Bitcoin (BTC) price today
At the time of writing, BTC was priced at $23,007.11. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 0.85 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.6 lakhs.
Ethereum (ETH) price today
With a 24-hour gain of 4.84 percent, ETH price stood at $1,561.34. As per WazirX, Ethereum price in India stood at Rs 1.29 lakhs.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 2.71 percent as per CoinMarketCap data, currently priced at $0.0695. As per WazirX, Dogecoin price in India stood at Rs 5.8.
Litecoin (LTC) price today
Litecoin registered a gain of 3.43 percent over the past 24 hours. At the time of writing, it was priced at $57.67. LTC price in India stood at Rs 4,842.99.
Ripple (XRP) price today
XRP price stood at $0.3633, seeing a 24-hour gain of 2.35 percent. As per WazirX, Ripple price stood at Rs 29.40.
Solana (SOL) price today
Solana price stood at $42.54, marking a 24-hour gain of 5.79 percent. As per WazirX, SOL price in India stood at Rs 3,595.
Top crypto gainers today (July 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Bitcoin Gold (BTG)
24-hour gain: 25.45 percent
Curve DAO Token (CRV)
24-hour gain: 23.80 percent
24-hour gain: 19.37 percent
24-hour gain: 18.37 percent
Ethereum Classic (ETC)
24-hour gain: 14.63 percent
Top crypto losers today (July 22)
As per CoinMarketCap data, here are the top crypto losers over the past 24 hours:
XDC Network (XDC)
24-hour loss: 1.16 percent
24-hour loss: 0.28 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live, “In the past 24 hours, the crypto market was a bit silent as investors and traders digested recent gains. Despite the slight drop after Tesla revealed to have sold 75 percent of its holdings, BTC is still trading above $23,000. If bulls can make a move, one can expect BTC to trade at the $24,000 mark soon. The second-largest cryptocurrency, Ethereum, continued on the winning streak ahead of the Merge, trading above the $1,500 level. If the consistency of gains is maintained, ETH may regain the $2,000 level in the coming week.”
Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Post news that Tesla sold as much as 75 percent of their Bitcoin holdings, the market seems to have reacted to the same. The price corrections all happened on Wednesday night in India. The prices of Bitcoin fell by up to 6 percent with alternate coins falling between 3-8 percent. The well-known meme coins also lost about 10 percent in their prices.”
Tushar Gandotra, Founder and CEO, FiEx, told ABP Live, “Over the past few days some altcoins have shown good gains. Market has been in an uptrend over the few days with many projects gaining 20 percent to 50 percent in the short term. BTC and ETH have been testing the resistance and moving upwards.”
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.