Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, continued to rise, surpassing the $64,000 mark early Tuesday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), rose across the board, pushing the market-wide Fear and Greed Index to 57 out of 100 (neutral), according to CoinMarketCap data. Meme coin FLOKI recorded the largest gain, up more than 27% in 24 hours. Tron (TRX) recorded the largest decline, down more than 1% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.37 trillion, a 3.44% increase in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $64,560.35, up 4.64% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 5.635 lakh.
Ethereum (ETH) Price Today
The ETH price is at $3,458.40, up 3.74% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 3.01 lakh crore.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has risen 6.49% in the last 24 hours and is currently priced at $0.1252. According to WazirX, the price of Dogecoin in India is Rs 11.11.
Litecoin (LTC) price today
Litecoin has risen by 3.16% in 24 hours. It was trading at $73.01 at the time of writing. The LTC price in India was Rs 6,347.41.
Ripple (XRP) Price Today
The price of XRP was at $0.5578, up 5.53% in 24 hours. According to WazirX, the price of Ripple was at Rs 48.99.
Solana (SOL) Price Today
Solana price was $157.81, up 4.27% in 24 hours. According to WazirX, the price of SOL in India was Rs 13,750.11.
Today's Top Crypto Gainers (July 16th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Floki
price: $0.0001951
24 hour increase: 27.74 percent
Pepe
price: $0.00001234
24 hour increase: 27.40 percent
Dogwif Hat (WIF)
price: $2.22
24 hour increase: 25.74 percent
Brett (bass)
price: $0.1492
24 hour increase: 22.21 percent
Mantra (OM)
price: $1.28
24 hour increase: 17.34 percent
Today's Biggest Crypto Losers (July 16th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Tron (TRX)
price: $0.1361
24 hours lost: 1.64 percent
Polkadot (DOT)
price: $6.46
24 hours lost: 0.97 percent
AAVE
price: $103.64
24 hours lost: 0.54 percent
Monero (XMR)
price: $160.56
24 hours lost: 0.48 percent
Immutable (IMX)
price: $1.49
24 hours lost: 0.13 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Madrex, told ABP Live: “Bitcoin has surged above $64,000 on growing odds that Donald Trump will win the November election, propelling the price of BTC higher. The market has also become optimistic following news that a spot Ethereum ETF will begin trading next Tuesday. Bulls are now targeting the $65,000 level. Bitcoin peaked at $64,900 and is currently sustaining the gains. A break above $65,000 would signal a strong upside this week. Support is near the $64,250 level and overall market sentiment remains positive.”
CoinSwitch Markets Desk said, “BTC's rally after the Trump assassination attempt continues, with BTC recording three consecutive green candlesticks and little resistance up to $70,000. However, profit-taking may be seen at $65,000 given that this is a key liquidity zone for the world's largest cryptocurrency. Meme coins were the biggest movers in the top 100 in the past 24 hours, with PEPE (+26%), FLOKI (+24%), WIF (+24%) and BRETT (+20%) outperforming all other category coins. This confirms the market sentiment that the crypto community still values meme culture above all else and the current cycle is not over yet. However, meme coins are very risky to invest in and trade as they tend to fall more dramatically than other coins.”
Rajagopal Menon, Vice President at WazirX, said, “Bitcoin price has recovered from the recent decline and is currently trading above $64,000. Bitcoin's rebound over the weekend has maintained momentum and a possible increase in demand on exchanges could signal a price surge. Meanwhile, Ethereum has risen above the $3,500 resistance level and may soon gain enough momentum to surpass $4,000. This bullish outlook is reinforced by increasing trading volumes and the launch of an ETF later this month.”
Sathvik Viswanath, CEO and Co-founder, Unocoin said, “Bitcoin is approaching $65,000 as economic data points to a slowdown in manufacturing. Weak indicators may drive investors into Bitcoin as a hedge, with bullish momentum currently trading at $64,770. Resistance levels at $65,500, $67,250 and $69,000 indicate buying opportunities, with strong technical trends such as the Relative Strength Index (RSI) indicating buying opportunities. The 50-day Exponential Moving Average (EMA) also supports the upward trajectory. An entry point above $63,500 is suggested to trade with profits towards higher resistance. Sustained market support suggests further upward movement in Bitcoin price.”
CoinDCX research team told ABP Live: “The crypto market has surged over the past few days following the incident surrounding Donald Trump, which has increased the chances of him winning the US presidential election. This is a positive development for the crypto industry as Trump is known to be a supporter of crypto. Additionally, Mt. Gox has sold all of its BTC holdings, thus easing the selling pressure that was affecting the market. Moreover, BTC ETF inflows remain net positive, indicating continued demand.”
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Disclaimer: Cryptocurrency products and NFTs are unregulated and may be extremely risky. There may be no regulatory remedy for losses from such transactions. Cryptocurrencies are not legal tender and are subject to market risks. Readers are advised to seek professional advice and to carefully read the offer documents and any related material literature before making any type of investment. Cryptocurrency Market forecasts are speculative and any investments are made at the reader's own expense and risk.
