Crypto Crash Alert, July 25: Bitcoin Price Drops 2.6% in 24 Hours; Cryptocurrency Prices Drop Sharply Today
Major cryptocurrency prices today are extending massive losses, falling more than 1% in the last day of trading, leaving the crypto industry in ruins. The price of bitcoin is currently trading at about $115,283, a significant distance from the record high it reached the week before. There were also significant price declines for other well-known coins like Ethereum, Solana, and XRP. The top six cryptocurrency prices, market capitalization, and 24-hour trading volumes are examined in detail below, based on data from CoinDesk.
BTC: Bitcoin Price Today
The price of Bitcoin (BTC) fell 2.10% during the course of the last day on July 25 and is now trading at $115,537.72. The price of bitcoin has dropped 2.06% in the last week, but it has still gained 7.57% so far this month. The market capitalization of the leading cryptocurrency in the world is currently $2.30 trillion. In India, the price of Bitcoin is currently Rs. 9,965,511.
ETH: Current Ethereum Price
With a slight decline of 0.22%, the price of Ethereum (ETH) was comparatively steady today, trading at $3,603.63. The price of ETH has increased 48.89% over the past 30 days and is up 1.58% on the weekly chart. The market capitalization of the second-largest cryptocurrency asset is $433.39 billion. In India, Ethereum is now selling at Rs. 310,465.
XRP: Ripple Coin Price Today
The price of Ripple’s XRP is $3.08 right now, down 1.48% over the last day. Despite a 9.54% weekly drop, XRP is still 40.68% greater than it was a month ago. Its daily trading volume is $9.09 billion, and its market capitalization is $181.56 billion. The current price of the Ripple coin in India is Rs. 264.70.
BNB: Binance Coin Price
The price of Binance Coin (BNB) dropped 1.27% to $758.18. The BNB coin has gained 17.29% this month and has demonstrated a solid weekly increase of 3.82%. The market capitalization is $105.32 billion as of right now. The current price of Binance Coin in India is Rs. 64,563.
SOL: Solana Price Today
Today, Solana (SOL) saw a steep 4.46% drop, closing at $177.84. With $7.21 billion in daily trading, the smart contract platform has a market valuation of $95.49 billion. SOL is up 23.79% monthly and 0.36% weekly despite the decline. In India, the most recent price of Solana is Rs. 15,309.
DOGE: Dogecoin Price Today
Dogecoin (DOGE) is currently trading at $0.2261 after falling 5.02% over the past day. The meme currency has a robust $3.48 billion trade volume and a $33.76 billion market capitalization. DOGE is still 37.27% higher than it was a month ago, despite the daily decline. The current market price of the DOGE coin in India is Rs. 19.40.
Reason Behind The Fall In Cryptocurrency Prices
Major cryptocurrency exchanges experienced numerous forced sell-offs, primarily affecting traders who had taken significant risks with borrowed funds. Many of the most popular cryptocurrencies saw abrupt price declines as a result. One of the worst hit was XRP, which dropped more over 10% in a single day. Following significant gains earlier this month, several investors also decided to book profits. For instance, Bitcoin fell below $116,000 today after reaching previous highs.
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