Cryptocurrency Price Today (July 28): Bitcoin Dips Below $116,000, CAKE Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $119,000 mark early Monday. It is largely believed that the US-EU trade deals has led to the latest rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 67 (Greed) out of 100, as per CoinMarketCap data. PancakeSwap (CAKE) became the biggest gainer of the lot, with a 24-hour jump of nearly 14 percent. Curve DAO Token (CRV), on the other hand, became the biggest loser, with a 24-hour dip of over 10 percent.
The global crypto market cap stood at $3.95 trillion at the time of writing, registering a 24-hour jump of 1.29 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $119,258.40, registering a 24-hour gain of 0.90 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 1.02 crore.
Ethereum (ETH) Price Today
ETH price stood at $3,901.96, marking a 24-hour jump of 2.98 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 gain of 1.74 percent, as per CoinMarketCap data, currently priced at $0.2439. Dogecoin price in India stood at Rs 23.44.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.35 percent. At the time of writing, it was trading at $115.25. LTC price in India stood at Rs 10,121.68.
Ripple (XRP) Price Today
XRP price stood at $3.27, seeing a 24-hour gain of 1.89 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 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
PancakeSwap (CAKE)
Price: $3.26
24-hour loss: 13.98 percent
SPX6900 (SPX)
Price: $2.24
24-hour gain: 11.73 percent
Jupiter (JUP)
Price: $0.6148
24-hour gain: 9.69 percent
Optimism (OP)
Price: $0.7997
24-hour gain: 9 percent
Ethena (ENA)
Price: $0.6746
24-hour gain: 8.14 percent
Top Crypto Losers Today (July 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Curve DAO Token (CRV)
Price: $1.01
24-hour loss: 10.19 percent
Pump.fun (PUMP)
Price: $0.00272
24-hour loss: 8.16 percent
Hedera (HBAR)
Price: $0.2855
24-hour loss: 3.65 percent
Flare (FLR)
Price: $0.02497
24-hour loss: 1.61 percent
Ethereum Name Servie (ENS)
Price: $31
24-hour loss: 0.94 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is trading above the $119,500 mark following the trade deal between the US and the EU. These deals could ease tariff concerns in August and boost overall market sentiment. With strong momentum at current levels, a move above $120,000 resistance could spark a liquidation squeeze, pushing Bitcoin towards the $124,000 zone. Meanwhile, Ethereum is gaining strong momentum, with open interest across exchanges surpassing $27 billion. This surge indicates rising investor appetite, helping ETH attempt the $4,000 mark in the coming weeks.”
CoinSwitch Markets Desk noted, “Bitcoin has held firm just above $119 K over the weekend, buoyed by the U.S.–EU tariff deal and on‑chain conviction, even as a Satoshi‑era whale moved $9 billion worth of BTC with minimal impact which is a sign of market resilience. Technical data show BTC trading as a strong buy across multiple moving‑average and indicator metrics, with the 5‑, 20‑, 50‑day MAs all supportive and RSI, MACD and ADX in bullish alignment; key near‑term resistance lies at ~$119.5 K–$119.9 K, while support zones cluster around $116 K (CME gap) and $114 K–$115 K demand levels below, where a sweep could trigger a deeper correction toward $112K–113.8K.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The U.S.–EU trade deal has provided much-needed macro clarity, driving a sharp risk-on rally in crypto. Bitcoin nearing $120K and BNB breaking all-time highs reflect strong investor confidence in response to the reduced tariff threat and major capital commitments on both sides. However, with key sectors like steel and aluminum still under tariff pressure, geopolitical risks remain. At Pi42, we see this as a short-term bullish catalyst—but advise traders to watch macro developments closely and manage risk around critical levels like $110K for BTC.”
CoinDCX Research Team noted, “Bitcoin experienced a calm weekend without undergoing massive price movement as the levels remained jammed at around $119,000.Despite this, the top 10 tokens like Ethereum, XRP, Solana, Dogecoin, Tron & Cardano are maintaining a strong upswing, while BinanceCoin smashed a new ATH. The top gainers for the day are PancakeSwap with over 14% jump, followed by SPX6900 with 11.8% and Jupiter by over 10%. On the other hand, Curve DAO Token plunged by over 8.36% and Pump.fun by over 5.29% while the rest tokens attracted minimal losses.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently consolidating just below $120K, reflecting a battle between bullish momentum and resistance fatigue. Despite forming a bullish cup-and-handle pattern, strong overhead supply limits immediate breakout potential. Institutional inflows via ETFs remain a key bullish driver, while on-chain data shows whales cautiously accumulating. However, divergence signals and a stalled RSI hint at short-term correction risks. Key support sits at $110K; breaching it could invite sharper selloffs toward $104K. Yet if Bitcoin holds this range and volume returns, a surge toward $130K is likely. The market awaits confirmation—either a breakout to new highs or a healthy pullback first.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin continues to hover just shy of the $120,000 mark, catching its breath after bouncing back from its latest pullback. Currently sitting at $119,200, traders are on the edge of their seats watching whether BTC has what it takes to punch through this stubborn resistance level. The next moves will largely depend on whether Bitcoin can maintain its footing here, with key support levels to watch at $116,411 and $115,000, while the path upward faces resistance around $138,000.”
Parth Shrivastava, Head of Quant, 9Point Capital Research Team, said, “This current dip in Bitcoin appears to be a healthy correction rather than a reversal. With long-term fundamentals intact and no signs of structural weakness, it offers a compelling buy-the-dip opportunity. As BTC consolidates near key support, risk-reward looks favorable for accumulation, especially ahead of potential macro tailwinds and renewed ETF inflows in the coming weeks.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
business