Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, continues its rollercoaster move, managing to surpass the $62,000 mark early Tuesday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) have seen a rise across the board as the overall market fear and greed index has risen. Ranked in green. According to CoinMarketCap data, it has a score of 55 out of 100 (neutral). Lido DAO (LDO) token rose over 2% in 24 hours and emerged as the biggest gainer. Memcoin Dogwifat (WIF) was the biggest loser, dropping nearly 11% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.29 trillion, an increase of 2.41% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $62,506, up 2.55 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 54.66 million rupees.
Ethereum (ETH) price today
ETH price was $2,941.33, up 1.89% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was Rs 258,000,000.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has registered an increase of 9.61% in 24 hours and its current price is $0.1508. According to WazirX, Dogecoin price in India was Rs 13.05.
Litecoin (LTC) price today
Litecoin rose 0.38% in 24 hours. At the time of writing, it was trading at $80.20. LTC price in India was Rs 7,000.
Ripple (XRP) price today
XRP price was $0.5067, up 2.83% in 24 hours. According to WazirX, Ripple price was Rs 44.02.
Solana (SOL) price today
Solana's price was $148.21, registering an increase of 6.47% in 24 hours. According to WazirX, his SOL price in India was Rs 13,024.03.
Top crypto earners today (May 14th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Lido DAO (LDO)
price: $1.96
24 hour increase: 2.30 percent
Tron (TRX)
price: $0.1212
24 hour increase: 2.14%
Chili's (CHZ)
price: $0.1253
24 hour increase: 1.98%
Saw Chain (Rune)
price: $5.45
24 hour increase: 1.75%
Ethena (ENA)
price: $0.8959
24 hour increase: 1.73%
Top Cryptocurrency Losers Today (May 14th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Canine hat (DOG)
price: $2.91
24 hour increase: 10.83%
Helium (HNT)
price: $4.84
24 hour increase: 9.70%
Akash Network (AKT)
price: $4.43
24 hour increase: 7.99%
Jasmy coin (JASMY)
price: $0.01792
24 hour increase: 6.36%
Jupiter (JUP)
price: $1.08
24 hour increase: 6.20 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin is trading at the $62,000 level ahead of the US inflation numbers being released today and tomorrow. The increase is struggling to keep Bitcoin above the $62,600 level. If buyers can sustain the price above $63,000, we will see an uptrend. Current support is located at the $61,600 level. , Ethereum is trading below the $3,000 level, indicating a bearish move.
CoinSwitch Market Desk said, “After two days of sideways movement in a closed range, BTC finally gained momentum and briefly surpassed $63,000, heading towards $60,000 as solid psychological support on the downside.” It appears that the market is preparing for further increases.” The biggest gainer over the past 24 hours was the meme coin PEPE, which hit a new all-time high in tandem with the resurgence of x.com's “barking kitten”, a user who became famous during the previous bull cycle. The top meme coins all showed strength as he was the main reason why meme coins performed well during that period.
WazirX Vice President Rajagopal Menon said, “Bitcoin (BTC) has been steadily declining from its all-time high of $72,800 and is currently settling at $62,535. has struggled to regain its position above the major averages, indicating that the recovery attempt stalled after the Fed's interest rate decision and that market uncertainty remains. Bitcoin is facing short-term resistance at $61,490, $62,680, and $63,161 with support levels at $60,338, $60,000, and EMA200 at $53,087.
Satvik Vishwanath, co-founder and CEO of Unocoin, said: “Bitcoin started this week at $61,000 but has fallen to $60,675 following the Federal Reserve's hawkish outlook. “The dollar has fallen, the dollar has risen, and Bitcoin's momentum has weakened.” Future market highlights include the Fed's speech and important economic news that could impact Bitcoin's trajectory. El Salvador's transparency in Bitcoin investments is aimed at increasing global trust, but is challenged by low domestic adoption. Technical analysis suggests a bearish trend with resistance at $63,824 and support at $60,185. The Relative Strength Index (RSI) suggests neutral to bearish sentiment, and he emphasizes the importance of the $61,764 threshold for the market direction. ”
Shivam Thakral, CEO of BuyUcoin, said, “BTC and ETH led the effort, with the overall market capitalization of cryptocurrencies increasing by more than 2%.” The current market rally is dominated by altcoins, with meme coins such as SHIB, DOGE, and PEPE increasing significantly in price over the past 24 hours. Currently, Bitcoin needs to break through the $64,000 resistance level for further gains. In the short term, Bitcoin's lower support level could be around the $60,000 level. Looking at 2024 data, BTC has risen 41% in value since the beginning of this year, emerging as one of the best-performing asset classes. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. Regulatory remedies may not be available for losses from such transactions. Cryptocurrencies are not legal tender and are therefore subject to market risks. Readers are advised to seek professional advice and carefully read the offer document together with relevant key literature on the subject before making any type of investment. cryptocurrency Market forecasts are speculative and investments are made at the reader's sole expense and risk.
