Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, topped the $65,000 level early Friday. Other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) landed in the green across the board as the overall market fear and greed index rose. . According to CoinMarketCap data, it has a score of 59 out of 100 (neutral). Meme coin FLOKI emerged as the biggest gainer, rising nearly 11% in 24 hours. World Coin (WLD) had the biggest decline, dropping nearly 10% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.37 trillion, a decline of 1% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $65,487.77, down 0.60 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 57.3 million rupees.
Ethereum (ETH) price today
ETH price was $2,947.37, down 2% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was 258,000 rupees.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has fallen by 4.51% in 24 hours and is currently priced at $0.1495. According to WazirX, Dogecoin price in India was Rs 13.23.
Litecoin (LTC) price today
Litecoin rose 4.55% in 24 hours. At the time of writing, it was trading at $82.13. The LTC price in India was 7,106 rupees.
Ripple (XRP) price today
XRP price was $0.5167, down 0.32% in 24 hours. According to WazirX, Ripple price was Rs 44.99.
Solana (SOL) price today
Solana price was $162.16, down 0.96% in 24 hours. According to WazirX, his SOL price in India was Rs 14,096.99.
Top crypto earners today (May 17th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
FLOKI
price: $0.0002158
24 hour increase: 10.77%
Pepe (Pepe)
price: $0.00001141
24 hour increase: 6.10%
Arweave (AR)
price: $41.22
24 hour increase: 4.90%
Wormhole (W)
price: $0.5436
24 hour increase: 2.88%
Saw Chain (Rune)
price: $5.65
24 hour increase: 1.75%
Top Cryptocurrency Losers Today (May 17th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
World Coin (WLD)
price: $4.79
24 hour increase: 9.30%
Ethena (ENA)
price: $0.7021
24 hour increase: 6.98%
Celestia (TIA)
price: $8.19
24 hour increase: 6.77%
Dogwifat (WIF)
price: $2.92
24 hour increase: 5.98%
NEAR Protocol (NEAR)
price: $6.97
24 hour increase: 4.91%
What crypto exchanges are saying about the current market scenario
Edul Patel, co-founder and CEO of Mudrex, told ABP Live, “Bitcoin is currently trading near $65,000. BTC is seeing some participants book profits and may take some time to attempt further upside. The first major resistance levels are $66,000 and $67,000. If bulls remain active today, we could see prices rise over the weekend. Support is at $65,150.”
“Over the past 24 hours, the crypto market has traded sideways, consolidating within a narrow range, despite the US Senate voting against SEC accounting rules,” said Parth Chaturvedi, investment director at CoinSwitch Ventures. However, President Joe Biden has threatened to veto the resolution. BTC and ETH are down 0.8% and 1.9%, respectively, trading at around $65.4k and $2.9k. While the overall market is in the red, a clear outlier among the major cryptocurrencies is US Depository Trust and Clearing Corporation (DTCC), along with Chainlink and major US banks. , we have successfully completed a pilot to accelerate the tokenization of funds. This partnership is a further step towards the adoption of blockchain technology in the traditional asset management space.”
WazirX Vice President Rajagopal Menon said, “In the last 24 hours, Bitcoin (BTC) soared to $66,750 and is currently trading at $65,408, down 0.82%. Bitcoin's recent bullish breakout suggests continued upside potential, but the outlook remains positive, reaching new all-time highs. Ethereum recently broke above the 20-day EMA but is struggling due to Bitcoin's volatility. Social sentiment on ETH is positive but slightly above neutral. The Ray index indicates a buyer's market. ETH is trading within a descending triangle, indicating a potential bearish trend. A breakout of the upper trend line could occur. , $3,100 could be the target.Next week's SEC decision on the ETH ETF is extremely important.
Shivam Thakral, CEO of BuyUcoin, said: “Recently released CPI data showed that inflation is showing signs of slowing. The cryptocurrency market reacted immediately, with BTC reaching the $66,000 level and ETH hovering around $3,000, according to media reports. India's market regulator SEBI has also proposed monitoring of crypto trading, bringing us one step closer to regulated crypto trading in one of the world's major digital asset markets.”
The CoinDCX research team told ABP Live, “The overall cryptocurrency market is currently stable, and BTC is showing good momentum after the CPI. However, the ETH/BTC pair continues to decline, and ETH While lagging, alt currencies are trading mixed. Technically, BTC faces a short-term hurdle at $66,670. Clearing this level could lead to continued upside. The main support is at $60,850 and BTC should maintain its position above this level. ETH is bullish but weak compared to BTC. The main support for ETH is at $2,875 and resistance at 3,040. It’s a dollar.”
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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.
