Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, managed to surpass the $62,000 mark early Friday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) were around Reached the green. Based on CoinMarketCap data, out of 100 (neutral). Akash Network (AKT) token rose over 21% in 24 hours and emerged as the biggest gainer. Cosmos (Atom) was the biggest loser, falling nearly 2% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.33 trillion, an increase of 2.19% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $62,914.11, up 2.30 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 54.72 million rupees.
Ethereum (ETH) price today
ETH price is $3,031.48, up 1.28% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was 268,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has registered an increase of 2.69% in 24 hours and is currently priced at $0.1512. According to WazirX, Dogecoin price in India was Rs 13.07.
Litecoin (LTC) price today
Litecoin rose 1.58% in 24 hours. At the time of writing, it was trading at $83.22. The LTC price in India was Rs 7,190.06.
Ripple (XRP) price today
XRP price was $0.518, down 0.58 percent in 24 hours. According to WazirX, Ripple price was Rs 45.79.
Solana (SOL) price today
Solana's price was $154.02, registering an increase of 6.79% in 24 hours. According to WazirX, his SOL price in India was Rs 13,200.
Top crypto earners today (May 10th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Akash Network (AKT)
price: $5.69
24 hour increase: 21.42%
Graph (GRT)
price: $0.3054
24 hour increase: 13.45%
Dogwifat (WIF)
price: $3.22
24 hour increase: 11.75%
AIOZ Network (AIOZ)
price: $0.8756
24 hour increase: 10.90%
Toncoin (TON)
price: $6.48
24 hour increase: 9.90%
Top Cryptocurrency Losers Today (May 10th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Cosmos (Atom)
price: $9.10
24 hour increase: 1.91%
Bitget Token (BGB)
price: $1.11
24 hour increase: 0.81%
Monero (XMR)
price: $132.45
24 hour increase: 0.62%
Ripple (XRP)
price: $0.5183
24 hour increase: 0.59%
KuCoin Token (KCS)
price: $10.39
24 hour increase: 0.20 percent
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “Amid high interest rates in the US and increased regulatory scrutiny of some players in the crypto industry, Bitcoin is currently trading at $62,000.” Despite these challenges, Bitcoin soared 127% last year. Its support is at $61,300 and resistance is at $63,100. Meanwhile, Ethereum price is at $3,000, with support at $2,900 and resistance at $3,100, indicating a possible recovery if it breaks through the resistance level. ”
“Bitcoin (BTC, +2.2%) price stabilized around $66,000 before recovering from a three-day correction,” said Parth Chaturvedi, head of investments at CoinSwitch Ventures. . This could be the beginning of a recovery wave for BTC, but the bears are likely to remain active near the $63.2,000 resistance zone. In the world of meme coins, DOGE (+2.5%) was an outlier. Additionally, VanEck's MarketVector has launched a new meme coin index that tracks the largest meme coins including DOGE, SHIB, FLOKI, WIF, and BONK. The index is up 195% on a yearly basis. ”
“Bitcoin has rebounded after testing resistance levels around $61,000 and $62,000,” said WazirX Vice President Rajagopal Menon. The world's largest cryptocurrency currently sits at just over $62,000, with solid immediate support. This positive momentum is reflected across the crypto market, with he up nearly 2% in the past 24 hours. Major altcoins are mirroring Bitcoin's rise, but technical indicators such as RSI suggest it could fall to $60,000. ”
Satvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin’s recent rise to $61,425 is driven by new inflows (totaling $11.54 million) into Bitcoin ETFs such as Grayscale and Bitwise. This suggests that the market may stabilize, supported by Institutional interest and economic factors influence Bitcoin price prediction. The Bitwise ETF saw significant net inflows, indicating increased investor confidence, while the Grayscale ETF was flat. The Bitcoin Spot ETF is now valued at $51.5 billion, with the market showing resilience and increasing adoption among institutional investors and individuals. This increase reflects the widespread adoption of cryptocurrencies in regulated investment vehicles. According to technical analysis, Bitcoin has a bullish outlook above $61,000, with resistance at $62,865 and support at $59,150. The 40-day and 50-day EMA Relative Strength Index (RSI) of $62,420 provides further insight for investors. ”
Shivam Thakral, CEO of BuyUcoin, said: “Bitcoin has once again recovered from the $60,000 level and is now above $63,000. Bitcoin has held 60,000 seven times on a weekly closing basis. Support for the bull market. Testing the band and confirming its strength, the bullish momentum for altcoins resumes this month as it closes below the previous cycle ATH and rises again. I experienced it.”
The CoinDCX research team told ABP Live that “the crypto market soared and showed bullish sentiment as the number of weekly unemployment claims exceeded expectations.” Positive ETF inflows, news of MassMutual's investment in a Bitcoin ETF, and President Trump's positive comments about cryptocurrencies contributed to the uptrend. BTC remains just below $63,000, indicating bullish price action. Resistance is seen at $64,400. Meanwhile, ETH has rebounded from key support near $2,950 but continues to lag BTC. Maintaining this support level is crucial for ETH to avoid further decline. ”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. There may be no regulatory remedy 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.
