Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, continues to fluctuate wildly, dropping below $62,000 for the second time this week. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), all fell across the board, with the Market Fear and Greed Index at 52 out of 100 (neutral), according to CoinMarketCap data. LidoDAO (LDO) token was the biggest gainer, up more than 2% in 24 hours. Meme coin DogwifHat (WIF) was the biggest loser, down nearly 11% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.26 trillion, down 1.22% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $61,990.47, down 1.06% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 5.448 lakh.
Ethereum (ETH) Price Today
The ETH price is at $2,905, down 1.25% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 2.58 lakh crore.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has fallen 3.43% in the last 24 hours and is currently priced at $0.1458. According to WazirX, the price of Dogecoin in India is Rs 12.83.
Litecoin (LTC) price today
Litecoin fell 1.64% in 24 hours. It was trading at $78.96 at the time of writing. The LTC price in India was Rs 7,000.
Ripple (XRP) Price Today
The price of XRP was at $0.5015, down 1.09% in 24 hours. According to WazirX, the price of Ripple was at Rs 43.98.
Solana (SOL) Price Today
Solana price was at $143.46, down 3.45% in 24 hours. According to WazirX, the price of SOL in India was Rs 12,648.80.
Today's top cryptocurrency gainers (May 15)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over 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 percent
Chiliz (CHZ)
price: $0.1253
24 hour increase: 1.98 percent
Thor Chain (Rune)
price: $5.45
24 hour increase: 1.75 percent
Etena (ENA)
price: $0.8959
24 hour increase: 1.73 percent
Today's Biggest Crypto Losers (May 15th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Dogwif Hat (DOG)
price: $2.91
24 hour increase: 10.83 percent
Helium (HNT)
price: $4.84
24 hour increase: 9.70 percent
Akash Network (AKT)
price: $4.43
24 hour increase: 7.99 percent
Jasmy Coin (JASMY)
price: $0.01792
24 hour increase: 6.36 percent
Jupiter (JUP)
price: $1.08
24 hour increase: 6.20 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Madrex, told ABP Live: “Bitcoin has dipped below $62,000 following a 0.05% increase in US wholesale price inflation in April. Investors and traders are focused on today's Consumer Price Index release. The cryptocurrency currently has support at $60,800 and resistance at $62,700. Market participants are also focusing on this week's economic data and how it could impact interest rates.”
CoinSwitch Markets Desk stated, “BTC (1.1%), trading around $61,800, was unable to sustain gains from the previous day and faced downward pressure over the past 24 hours. The overall cryptocurrency market is also down 1.4%, with many citing higher than expected wholesale inflation data for April as the cause of this market performance. The market decline led to $144 million in liquidations in the past 24 hours, of which $114 million were long liquidations. Further volatility is expected in the market in anticipation of the US CPI (Consumer Price Index) data. CPI data, due today, is expected to show a 3.4% year-over-year increase in April, compared to 3.5% in March.”
Sathvik Viswanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading at $61,500 with a 24-hour trading volume of $28.28 billion, down 2.25% from the previous day. With a market cap of $1.21 trillion and a circulating volume of 19,698,325 BTC, the cryptocurrency has seen renewed interest in US spot Bitcoin ETFs. After two days of outflows, there was a net inflow of $66 million on May 13, led by FBTC Fidelity with $38.6 million and Bitwise Bitcoin ETF BITB with $20.3 million. The inflows suggest growing investor confidence in Bitcoin ETFs. Technically, Bitcoin price is slightly bullish near $61,450 with potential support at $60,185 and 50-day EMA resistance at $61,975.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market cap overall saw a modest decline and now stands at $2.26 trillion. Bitcoin and Ethereum saw modest declines after the US Producer Price Index (PPI) inflation rate came in higher than expected. US Federal Reserve Chairman Jerome Powell stated that inflation is unlikely to subside in 2024 after prices rose sharper than expected in the first quarter. Markets are expected to remain volatile in the coming weeks as inflation data keeps investors on their toes. However, financial luminary Rahul Pal predicts that the cryptocurrency market will expand significantly and predicts that the market cap could reach $100 trillion.”
CoinDCX research team told ABP Live: “Over the past 24 hours, the crypto market has declined, with both BTC and ETH down over 2%. Technically, BTC and ETH continue to show volatile price movements, remaining within a range with liquidations occurring on both sides. Funding rates are neutral and overall price movement is mixed, but both cryptocurrencies are currently at key support levels. Today's US CPI figures are worth keeping an eye on as they are expected to have a significant impact on the market.”
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