Bitcoin (BTC) Dips Below $57,000, ETH Price Today Stands at $3,082: Check Prices of DOGE, XRP, SOL, LTC Here

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, dipped below $57,000 early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board

Bitcoin and other cryptocurrencies fell early Friday, with BTC briefly dipping below the crucial $57,000 mark. Among the top crypto tokens, MANTRA (OM) emerged as the biggest gainer, while Memecoin BONK became the biggest loser over the past 24 hours.

As per CoinMarketCap data, the global crypto market cap stood at $2.1 trillion, registering a 24-hour loss of 1.16 percent at the time of writing.

Bitcoin Price Today: BTC briefly dipped below $57,000

Bitcoin price stood at $56,985.22, registering a 24-hour loss of 1.25 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 51.20 lakh.

Among other cryptocurrencies, Ethereum price stood at $3,082.31, marking a 24-hour loss of 0.08 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.79 lakh.

Dogecoin price saw a 24-hour dip of 1.41 percent, as per CoinMarketCap data, currently priced at $0.1062. As per WazirX, Dogecoin price in India stood at Rs 9.75.

Litecoin saw a 24-hour jump of 1.58 percent. At the time of writing, it was trading at $68.23. LTC price in India stood at Rs 6,045.38.

XRP price stood at $0.4507, seeing a 24-hour gain of 0.25 percent. As per WazirX, Ripple price stood at Rs 40.44.

Solana price stood at $135.88, marking a 24-hour dip of 3.43 percent. As per WazirX, SOL price in India stood at Rs 12,357.

Top Crypto Gainers Today (July 12)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

MANTRA (OM)

Price: $1.0424-hour gain: 7.16 percent

NEAR Protocol (NEAR)

Price: $4.8824-hour gain: 6.05 percent

Maker (MKR)

Price: $2,374.1724-hour gain: 4.50 percent

Aave (AAVE)

Price: $92.7024-hour gain: 4.11 percent

Safe (SAFE)

Price: $1.5024-hour gain: 3.69 percent

Top Crypto Losers Today (July 12)

As per CoinMarket data, here are the top five crypto losers over the past 24 hours:

Bonk (BONK)

Price: $0.0000227624-hour loss: 11.26 percent

Celestia (TIA)

Price: $6.2724-hour loss: 10.33 percent

Brett (Based) (BRETT)

Price: $0.108524-hour loss: 9.15 percent

Render (RNDR)

Price: $5.8524-hour loss: 7.89 percent

Ethena (ENA)

Price: $0.386224-hour loss: 7.15 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Speaking on the crypto market scenario, Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin briefly rose above $59,000 but couldn't maintain that level. It's facing difficulties breaking past the $60,000 resistance due to several factors: investors anticipating Fed interest rate cuts, the German government transferring BTC to exchanges, and the liquidation of leveraged long positions. The next resistance level is at $57,750, while support is at $56,000. Investors are also eagerly awaiting the US SEC's final decision on spot Ethereum ETFs, expected later in July.”

CoinSwitch Markets Desk noted, “Germany has rapidly offloaded its confiscated bitcoin holdings, transferring over 35,000 BTC, valued at $3 billion, to exchanges in the past three weeks. This move might ease concerns among crypto investors about potential supply overhang from large sellers like the U.S. government and the Mt. Gox estate, which have also recently moved substantial amounts

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