Bitcoin (BTC), the world’s most valued cryptocurrency, managed to float above the $20,000 mark early on July 6 and managed to stay there throughout the entire day. Subsequently, most other major altcoins also saw a boost in prices, including the likes of Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). On the other hand, the MEDOC token saw a massive gain of over 3,000 percent, along with several other lesser-known altcoins. In this report, we will take a look at the top crypto gainers and losers over the past 24 hours.
At the time of writing, the global crypto market cap stood at $917.82 billion as per CoinMarketCap data, registering a 24-hour gain of 2.49 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $20,445.21 at the time of writing, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.24 lakhs. Over the last 24 hours, BTC saw a gain of 2.86 percent.
Ethereum (ETH) price today
With a 24-hour gain of 4.10 percent, ETH price stood at $1,174.43. As per WazirX, Ethereum price in India stood at Rs 93,143.10.
Dogecoin (DOGE) price today
DOGE saw a 24-hour gain of 2.82 percent as per CoinMarketCap data, currently priced at $0.06856. As per WazirX, Dogecoin price in India stood at Rs 5.44.
Litecoin (LTC) price today
Litecoin registered a gain of 1.03 percent over the past 24 hours. At the time of writing, it was priced at $49.95. LTC price in India stood at Rs 4,052.01.
Ripple (XRP) price today
XRP price stood at $0.3289, seeing a 24-hour gain of 2.20 percent. As per WazirX, Ripple price stood at Rs 26.60.
Solana (SOL) price today
Solana price stood at $36.96, marking a 24-hour gain of 5.59 percent. As per WazirX, SOL price in India stood at Rs 2,993.10.
Top crypto gainers today (July 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 3,031.23 percent
24-hour gain: 2,919.85 percent
24-hour gain: 1,115.57 percent
24-hour gain: 502.47 percent
24-hour gain: 153.03 percent
Top crypto losers today (July 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Park Star (P-S-T-A-R)
24-hour loss: 94.25 percent
Oiler Network (OIL)
24-hour loss: 58.78 percent
Tranche Finance (SLICE)
24-hour loss: 50.69 percent
24-hour loss: 50.15 percent
iCommunity Labs (ICOM)
24-hour loss: 39.25 percent
Edul Patel, the CEO and Co-Founder of crypto exchange Mudrex, told ABP Live, “Most cryptocurrencies rose over the past 24 hours. The largest cryptocurrency by market cap, Bitcoin has retested the $20,000 for the third consecutive day. BTC gained nearly three percent on Wednesday. However, it may not have accumulated enough power to maintain that consistency. But if BTC can continue to hold at $20,000 by the end of the day, one can expect a test of the $21,000 level.”
Commenting on the crypto market scenario on Wednesday, Sathvik Vishwanath, CEO and Co-Founder of crypto exchange Unocoin told ABP Live, “Some of the lending companies that did not access the risk that is shutting shop and filing for bankruptcy have become normal now. This is going on as a chain reaction with one end of it being exchanges and the other end is the money invested into margin trading where the capital erosion is happening due to price drop. One such lending company turned down the board today is Voyager Digital. Given the crypto market has absorbed such shocks in the very recent past, this did not affect the prices of the crypto and we saw about a four to five percent increase and the layer-1 blockchains saw up to six percent increase. Unlike yesterday, the increase achieved a new status quo and was maintained for the rest of the 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.