Cryptocurrency Price Today In India July 12 Check Global Market Cap Bitcoin BTC Ethereum Doge Solana Litecoin SOL Mina NEM XEM

Bitcoin, the world’s oldest and most valued crypto, managed to remain stable within the $30,000 range. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and Ripple (XRP) — saw minor movements across the board. The Mina (MINA) token, which was the biggest gainer yesterday, emerged to be the biggest loser early Wednesday, with a 24-hour dip of nearly 10 percent. NEM (XEM), on the other hand, became the biggest gainer, with a 24-hour jump of nearly 30 percent. 

The global crypto market cap stood at $1.19 trillion at the time of writing, registering a minor 24-hour gain of 0.37 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $30,630.57, registering a 24-hour jump of 0.58 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.28 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,883.21, marking a 24-hour gain of 0.29 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 0.23 percent, as per CoinMarketCap data, currently priced at $0.06541. As per WazirX, Dogecoin price in India stood at Rs 5.60.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 0.03 percent. At the time of writing, it was trading at $97. LTC price in India stood at Rs 8,256.

Ripple (XRP) Price Today

XRP price stood at $0.4754, seeing a 24-hour dip of 0.14 percent. As per WazirX, Ripple price stood at Rs 40.

Solana (SOL) Price Today

Solana price stood at $22.04, marking a 24-hour gain of 0.72 percent. As per WazirX, SOL price in India stood at Rs 1,837.70. 

Top Crypto Gainers Today (July 12)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

NEM (XEM)

Price: $0.03625
24-hour gain: 29.86 percent

Compound (COMP)

Price: $66.72
24-hour gain: 9.13 percent

1inch Network (1INCH)

Price: $0.3273
24-hour gain: 6.91 percent

Aave (AAVE)

Price: $74.83
24-hour gain: 6.82 percent

Conflux (CFX)

Price: $0.1917
24-hour gain: 5.53 percent

Top Crypto Losers Today (July 12)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Mina (MINA)

Price: $0.4514
24-hour loss: 9.65 percent

eCash (XEC)

Price: $0.00003208
24-hour loss: 4.47 percent

Avalanche (AVAX)

Price: $13.18
24-hour loss: 3.24 percent

Stellar (XLM)

Price: $0.09707
24-hour loss: 2.70 percent

Injective (INJ)

Price: $7.98
24-hour loss: 2.65 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin experienced a brief surge above the $31,000 level, but has since consolidated around $30,600 in anticipation of the release of June inflation data and amidst a weakening US dollar. Currently, the price of BTC is maintaining its support at the crucial $30,000 zone. If BTC manages to establish stability above this level, it may signal a potential upward movement in the near future. In contrast, Ethereum has demonstrated relative stability over the past few days, with marginal gains. Despite a slight decline in buying strength, buyers still maintain an advantage over sellers in the market. The support level for ETH is currently at $1,820, while resistance is observed at $1,900.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has remained flat for another day. The global crypto market capitalization is at $1.24 trillion, up 0.4 percent since yesterday. The crypto fear and greed index has jumped 7 points, moving further into the greed zone with a score of 64/100. This could be attributed to the continued investor optimism due to an upward revision of year-end BTC targets by Standard Chartered.”

Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin holds at $30,000, while ether stagnates. According to recent data, $7 million longs and $6.73 million shorts have been liquidated in 12 hours. Experts anticipate the market awaiting signs of a price increase amid a potential rate hike pause, prompting liquidity inflow. On WazirX, FTX Token (FTX) and Standard Tokenization Protocol (STPT) have been the top gainers in the last 24 hours.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $30,590. Bitcoin (BTC) has seen a decline this past week due to waning optimism among market participants who have become concerned about potential higher interest rates in the US. Despite the recent setback, BTC has been on an uptrend since news broke of BlackRock’s spot bitcoin ETF filing. However, with attention shifting to macroeconomic news and the possibility of increased rate hikes, BTC’s performance has been affected. The market is now fully expecting a rate hike in July and there is a 40 percent chance of another hike before the end of the year. Higher interest rates generally affect risk assets, including Bitcoin, although its long-term investor profile may provide some resilience.”

Shivam Thakral, the CEO of BuyUCoin, said, “The total value of all cryptocurrencies dropped by 16.51 percent to $26.9 billion over the previous day. Decentralised finance (DeFi) accounts for $2.08 billion in trading volume or 7.72 percent of the total market volume. The market’s current price of $30,602 demonstrates both the cyclical nature of cryptocurrency values and the expanding significance of decentralised finance in the industry.” 

CoinDCX Research Team told ABP Live, “Bitcoin rose above $31,000, underpinned by a bullish forecast from UK bank Standard Chartered predicting that bitcoin will reach $50,000 by the end of 2023 and $120,000 by the end of 2024. The CPI and PPI reports are significant as they can potentially impact the Federal Reserve’s decision on interest rates. After pausing rate increases last month, the Fed’s shift towards a more hawkish stance will depend on the inflationary pressures in the economy. Whenever the interest rates rise, people tend to park money in safe haven and thereby spend less on assets like crypto, equity and vice-versa.”

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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.