Crypto Crash Alert, July 25: Cryptocurrency Prices Today Fall Sharply; Bitcoin Price Drops 2.6% in 24 Hr

The crypto market is in shambles, as major cryptocurrency prices today are extending huge losses, dropping more than 1% in the last 24 hours of trading. Bitcoin prices today are trading around $115,283, which is far below its record high level, which it touched the previous week. Other popular coins like Ethereum, Solana, and XRP also saw big price drops. Below is a detailed look at the top 6 cryptocurrency prices, market capitalisation, 24-hour trading volumes as per data from CoinDesk.

BTC: Bitcoin Price Today

Bitcoin (BTC) prices on July 25 dropped 2.10% in the last 24 hours and are currently trading at $115,537.72. BTC price has declined 2.06% over the past week but still holds a 7.57% monthly gain. The global crypto leader is currently enjoying a market capitalisation of $2.30 trillion. The current Bitcoin price in India is Rs. 9,965,511.

ETH: Ethereum Price Today

Ethereum (ETH) price today remained relatively stable with a minor dip of 0.22%, trading at $3,603.63. The ETH price is up 1.58% on the weekly chart and has surged 48.89% in the last 30 days. The second-largest crypto asset boasts a market cap of $433.39 billion. Ethereum is trading at Rs. 310,465 in India right now.

XRP: Ripple Coin Price Today

Ripple's XRP is currently priced at $3.08, down 1.48% in the past 24 hours. XRP saw a 9.54% decline over the week but remains 40.68% higher over the month's change. It has a market cap of $181.56 billion and a daily trading volume of $9.09 billion. As of now, the Ripple coin price in India stands at Rs.264.70.

BNB: Binance Coin Price

Binance Coin price (BNB) slipped 1.27% to trade at $758.18. BNB coin has shown a positive 3.82% weekly gain and is up 17.29% this month. The current market capitalisation stands at $105.32 billion. In India, Binance Coin is currently priced at Rs. 64,563.

SOL: Solana Price Today

Solana (SOL) witnessed a sharp 4.46% decline today, trading at $177.84. The smart contract platform holds a market cap of $95.49 billion with $7.21 billion in daily trades. Despite the fall, SOL is up 0.36% weekly and 23.79% monthly. The latest Solana price in India is Rs.15,309.

DOGE: Dogecoin Price Today

Dogecoin (DOGE) dropped 5.02% in the last 24 hours and is now priced at $0.2261. The meme coin holds a market cap of $33.76 billion with a strong $3.48 billion trading volume. Despite the daily dip, DOGE is still 37.27% higher than last month. DOGE coin's ongoing market price in India is Rs.19.40.

Reason Behind The Fall In Cryptocurrency Prices

A large number of forced sell-offs happened on major crypto exchanges, mainly hitting traders who had taken big risks with borrowed money. This led to sudden price drops in many top cryptocurrencies. XRP was one of the worst affected, falling more than 10% in just one day. Many investors also chose to book profits after strong gains earlier this month. Bitcoin, for example, dropped below $116,000 today after hitting recent highs.

"The bearish impact on the crypto markets is slowly rising as Bitcoin price slips close to $115,000 from the intraday high above $108,400. Regardless of this, the top altcoins display strength as they are trying hard to sustain above pivotal support. Ethereum remains stuck above $2500, XRP above $3, and LTC above $100, while SOL drops below $180 and ADA below $0.8. The top gainers for the day are Maple Finance with over a 22% jump, followed by Monero by 5.2% and Conflux by nearly 3.83%. On the other hand, Pump.fun plunged by 25%, Fartcoin by 13.85%, & Dogwifhat by close to 13.27%.

As per some reports, Micheal Saylor's strategy increased its preferred stock offering to $2.8 billion from $2 billion to buy more Bitcoin for its treasury. VeChain partners with $1.5 trillion asset manager Franklin Templeton to integrate BENJI platform for tokenized enterprise payments. Besides, the Fidelity spot Ethereum ETF bought 57,920 Ethereum worth $210 million on July 24, marking its largest inflows so far. Meanwhile, a dormant wallet that has been inactive for over 14 years transferred all 3,962.62 BTC to a new address which may create some volatility." said Paras Malhotra SVP, Trade, Custody and BizOps at CoinDCX.

Disclaimer: The cryptocurrency prices and market data provided in this article are for general informational purposes only and should not be considered as financial, investment, or trading advice. The insights and figures mentioned are based on publicly available data at the time of writing and are subject to change. Neither the author nor GoodReturns.in endorses any specific cryptocurrency, exchange, or investment strategy. GoodReturns.in and its affiliates are not liable for any loss or damage arising from reliance on the information provided.