Cryptocurrency Price Today (July 23): Bitcoin Remains Above $118,000, Flare Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to remain above the $118,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 70 (Greed) out of 100, as per CoinMarketCap data. Flare (FLR) became the biggest gainer of the lot, with a 24-hour jump of nearly 23 percent. Conflux (CFX), on the other hand, became the biggest loser, with a 24-hour dip of over 14 percent.
The global crypto market cap stood at $3.93 trillion at the time of writing, registering a 24-hour dip of 0.78 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $118,507.88, registering a 24-hour jump of 0.54 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 1.02 crore.
Ethereum (ETH) Price Today
ETH price stood at $3,706.77, marking a 24-hour dip of 1.71 percent at the time of writing. Ethereum price in India stood at Rs 3.25 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.69 percent, as per CoinMarketCap data, currently priced at $0.2610. Dogecoin price in India stood at Rs 23.44.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 2.55 percent. At the time of writing, it was trading at $115.43. LTC price in India stood at Rs 10,121.68.
Ripple (XRP) Price Today
XRP price stood at $3.47, seeing a 24-hour loss of 0.48 percent. Ripple price in India stood at Rs 300.25.
Solana (SOL) Price Today
Solana price stood at $199.25, marking a 24-hour gain of 6.92 percent. SOL price in India stood at Rs 15,601.69.
Top Crypto Gainers Today (July 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Flare (FLR)
Price: $0.026
24-hour loss: 22.94 percent
Pudgy Penguins (PENGU)
Price: $0.04482
24-hour gain: 21.12 percent
Worldcoin (WLD)
Price: $1.31
24-hour gain: 9.06 percent
PancakeSwap (CAKE)
Price: $2.89
24-hour gain: 8.80 percent
Curve DAO Token (CRV)
Price: $1
24-hour gain: 7.66 percent
Top Crypto Losers Today (July 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Conflux (CFX)
Price: $0.1764
24-hour loss: 14.29 percent
Jupiter (JUP)
Price: $0.615
24-hour loss: 6.04 percent
Ethena (ENA)
Price: $0.4786
24-hour loss: 3.64 percent
Pi (PI)
Price: $0.4676
24-hour loss: 3.49 percent
Jito (JTO)
Price: $2.15
24-hour loss: 3.38 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is trading above $119,300 as bullish momentum returns, supported by growing investor confidence following the release of the U.S. crypto market legislation draft. Moreover, institutional buying continues even at these levels, providing the market with liquidity. SharpLink reported a purchase of 79,949 ETH, totaling about $258.9 million. Strategy also acquired an additional 6,220 BTC over the past week, showing strong institutional appetite. If momentum holds, Bitcoin could test resistance at $122,400, with key support moving up to $117,400, signaling a healthy setup for continued upside potential.”
CoinSwitch Markets Desk noted, “BTC showed strong recovery from sub-$116K levels, tapping fresh intraday highs above $120K. However, the rally lost some momentum amid profit booking, with the price pulling back to $119K. If BTC consolidates above $118K, bulls may eye another attempt toward $121K–$123K. A breakdown below $118K may flip sentiment cautiously bearish.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s inability to decisively break above the $120,000 resistance reflects growing market indecision at elevated levels. Despite strong macro tailwinds, each rally is met with profit-taking, suggesting that investors are cautious and waiting for a clear breakout. Until BTC closes above this level with conviction and volume, we’re likely to see continued consolidation and range-bound trading in the near term.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin continues to hover around $118.9K after nearly touching $120.3K earlier today, while Ethereum is holding steady at $3.73K, bouncing between $3.63K and $3.76K. The market seems to be taking a breather as traders digest various economic concerns. That said, crypto's recent surge has been impressive, fuelled by growing institutional adoption, clearer regulations, and some positive moves from U.S. lawmakers. Both Bitcoin and Ethereum are sitting near their recent highs, and there's a real chance we could see another push upward if the current momentum keeps up. Still, we've got to keep an eye on those broader economic challenges and changing regulations that could shake things up at any moment.”
CoinDCX Research Team noted, “Despite the bearish pressure and growing weakness among the bulls, the markets remain largely stable. Bitcoin price is trading above $118,000, while Ethereum is above $3,700, XRP is close to $3.5 and Cardano is close to $0.9. In the meantime, memecoins are gaining huge attention, with Pudgy Penguins becoming the top gainer for the day with over a 21% jump, followed by Flare with a 15.17% rise and Worldcoin by 9.61%. On the other hand, Conflux drops hard by over 20%, followed by Jupiter by 5.1% and Ethena by over 4.5%.”
Parth Shrivastava, Head of Quant, 9Point Capital Research Team, said, “After a period of healthy consolidation, Bitcoin appears poised for a strong upward move. The current price action reflects solid base-building around key support levels, with improving ETF flows and resilient risk sentiment. We expect BTC to break out of this range and resume its bull trend, targeting new highs in the coming weeks.”
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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.
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