Today's cryptocurrency price.
Cryptocurrency prices today: Bitcoin, Polygon, Dogecoin, Litecoin, Cardano and Binance Coin are up 2.43%. Ethereum and Ripple traded 0.13% and 0.29% higher, respectively.
Cryptocurrency prices today, July 28: Cryptocurrencies fell on Friday due to weakening purchasing power. Experts said that concerns are growing about a prolonged period of high interest rates due to the U.S. Federal Reserve's interest rate hike and higher-than-expected growth in U.S. gross domestic product (GDP).
Bitcoin was trading at Rs 25,48,052, down 0.98% as of 10 am on Friday, July 28. Polygon (MATIC), Dogecoin, Litecoin, Cardano and Binance Coin rose 2.43%. However, Ethereum and Ripple traded 0.13% and 0.29% higher, respectively.
Cryptocurrency markets have been trading in a tight range over the past 24 hours. The global cryptocurrency market capitalization remains at $1.23 trillion. The Fear and Greed Index remains neutral at 52/100, up 1 point from yesterday.
“BTC (-0.6%) is hovering around $29.2k and has been trading within a narrow range of $29k-29.5k over the last 24 hours,” said Parth Chaturvedi, Head of Investments at CoinSwitch Ventures. The top 10 cryptocurrencies by market capitalization appear to be trading in the red, with the exception of Solana. SOL (+0.9%) is trading below strong resistance due to weakening buying momentum.”
At the same time, he added, concerns are growing about a prolonged period of high interest rates due to the Federal Reserve's interest rate hike and higher-than-expected U.S. GDP. This could impact future price action in the market as investors may begin to move towards “risk-averse” asset classes.
Meanwhile, he also said that the House Agriculture Committee has advanced 21st century financial innovations to create a federal regulatory framework for cryptocurrencies in the United States. The bill grants primary regulatory authority over cryptocurrency exchanges and other trading platforms to the Commodity Futures Trading Commission (CFTC). After being approved by voice vote, it will now face a vote by the full House.
Cryptocurrency prices on CoinSwitch as of 10:00 AM on July 28th
Bitcoin (BTC): INR 25,48,052.00 (-0.98%)
Ethereum (ETH): INR 1,61,580.00 (+0.13%)
Polygon (MATIC): INR 62.50 (-3.07%)
Dogecoin (DOGE): INR 6.71 (-1.91%)
Tether (USDT): INR 86.80 (-0.28%)
Ripple (XRP): INR 62.88 (+0.29%)
Cardano (ADA): INR 26.85 (-2.43%)
Solana (SOL): INR 2,170.71 (-1.52%)
Litecoin (LTC): INR 7,865.00 (-1.37%)
Binance Coin (BNB): INR 20,869.55 (-1.49%).