Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, rose above the $69,000 mark early Monday. The latest rally is primarily driven by US presidential candidate Donald Trump, who promised to create a strategic national Bitcoin stockpile if he wins the November elections. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) —landed in the greens across the board as the overall Market Fear & Greed Index stood at 63 (Greed) out of 100, as per CoinMarketCap data. The AIOZ Network (AIOZ) token became the biggest gainer of the lot, with a 24-hour jump of over 23 percent. Mantra (OM) became the biggest loser, with a 24-hour dip of less than 1 percent.
The global crypto market cap stood at $2.47 trillion at the time of writing, registering a 24-hour jump of 2.99 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,483.35, registering a 24-hour gain of 3.38 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 58.13 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,345.36, marking a 24-hour jump of 4.25 percent at the time of writing. Ethereum price in India stood at Rs 2.79 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 4.29 percent, as per CoinMarketCap data, currently priced at $0.1339. Dogecoin price in India stood at Rs 11.20.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.32 percent. At the time of writing, it was trading at $73.50. LTC price in India stood at Rs 5,023.08.
Ripple (XRP) Price Today
XRP price stood at $0.6071, seeing a 24-hour jump of 1.65 percent. Ripple price in India stood at Rs 50.79.
Solana (SOL) Price Today
Solana price stood at $193.11, marking a 24-hour gain of 6.26 percent. SOL price in India stood at Rs 15,738.
Top Crypto Gainers Today (July 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
AIOZ Network (AIOZ)
Price: $0.6092
24-hour gain: 23.27 percent
Bitcoin Cash (BCH)
Price: $436.08
24-hour gain: 11.64 percent
Brett (Based) (BRETT)
Price: $0.1349
24-hour gain: 10.67 percent
Jupiter (JUP)
Price: $1.20
24-hour gain: 9.14 percent
Raydium (RAY)
Price: $2.54
24-hour gain: 8.66 percent
Top Crypto Losers Today (July 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Mantra (OM)
Price: $1.17
24-hour loss: 0.45 percent
NEAR Protocol (NEAR)
Price: $5.62
24-hour loss: 1.38 percent
dYdX (Native) (DYDX)
Price: $1.26
24-hour loss: 1.24 percent
Fantom (FTM)
Price: $0.445
24-hour loss: 1.01 percent
Worldcoin (WLD)
Price: $2.20
24-hour loss: 0.97 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin surged past $69,000 over the weekend following former US President Donald Trump’s speech at the Bitcoin Conference in Nashville. Trump announced plans to create a strategic national Bitcoin stockpile if re-elected. BTC bulls are now targeting the $70,000 level, and if they break through, Bitcoin could ascend to the resistance zone between $72,000 and $73,777.”
CoinSwitch Markets Desk noted, “Bitcoin has seen considerable volatility recently, largely driven by former President Donald Trump’s proposal to designate Bitcoin as a strategic asset for the United States. This unexpected announcement caused significant price fluctuations, with Bitcoin initially spiking before experiencing a subsequent decline. The market reacted swiftly, leading to a surge in trading volume and heightened market activity. As of now, Bitcoin is priced at $69,46k.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) recently dropped to $67,624 despite hitting an intraday high of $69,000. Former President Donald Trump’s pro-crypto stance, including plans to replace SEC Chairman Gary Gensler and create a national bitcoin reserve, could significantly affect BTC prices. Trump’s ambitions to turn the US into a crypto hub, along with BlackRock’s Bitcoin ETF seeing big inflows, are boosting market sentiment. Bitcoin is currently trading at $67,624, showing a bullish trend above the $67,250 pivot point. Key resistance levels are at $68,320 and $69,150, while support is at $67,200 and $66,640.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is currently riding a wave of positive momentum, with its price breaching $69,000 mark amid heightened trading activity spurred by former President Trump’s announcement to establish Bitcoin as a US strategic asset at Bitcoin 2024 in Nashville. This development has not only boosted Bitcoin’s supply dynamics but also highlighted its potential role in the global financial landscape. The global cryptocurrency market is reflecting this enthusiasm, boasting a market cap of $2.47 trillion. This surge in interest highlights the growing confidence among investors and the broader crypto community.”
CoinDCX Research Team told ABP Live, “Over the weekend, the market has been positive due to remarks from Trump at the Bitcoin conference in Nashville. He made a series of cryptocurrency-friendly policy commitments, including promising to fire SEC Chair Gary Gensler and creating a strategic national Bitcoin stockpile if he becomes president, aiming to make the U.S. a crypto hub. Technically, Bitcoin aims for a range high of around $71,700, while Ethereum is still underperforming due to Grayscale selling and overall net outflows. Once this fades, ETH is expected to bounce back.”
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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.