Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, surpassed the $62,000 mark at the end of last week, recovering from a week of declines. The assassination attempt on pro-crypto US presidential candidate Donald Trump is widely believed to have had a severe impact on investor sentiment. According to CoinMarketCap data, the market-wide Fear and Greed Index was at 40 out of 100 (neutral), while other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) rose across the board. PENDLE token was the biggest gainer, increasing by over 14% in 24 hours. Phantom (FTM) was the biggest loser, decreasing by over 1% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.29 trillion, a 3.80% increase over 24 hours.
Bitcoin (BTC) Price Today
Bitcoin was priced at $62,713.45, up 4.64% in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC was Rs 5.533 lakh.
Ethereum (ETH) Price Today
The ETH price is at $3,333.88, up 4.17% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 2.96 lakh crore.
Dogecoin (DOGE) price today
DOGE has risen 3.92% in the last 24 hours and is currently priced at $0.118, according to data from CoinMarketCap. According to WazirX, the price of Dogecoin in India is Rs 10.58.
Litecoin (LTC) price today
Litecoin has risen by 0.71 percent in 24 hours. It was trading at $70.55 at the time of writing. The LTC price in India was Rs 6,194.45.
Ripple (XRP) Price Today
The price of XRP was at $0.5306, up 2.40 percent in 24 hours, while Ripple was at Rs 46.92, according to WazirX.
Solana (SOL) Price Today
Solana price was $152.05, up 4.88% in 24 hours. According to WazirX, the price of SOL in India was Rs 13,460.
Top cryptocurrency gainers today (July 15th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
PENDLE
price: $4.38
24 hour increase: 14.40 percent
Synthetics (SNX)
price: $1.91
24 hour increase: 11.79 percent
STX
price: $1.87
24 hour increase: 10.55 percent
Immutable (IMX)
price: $1.48
24 hour increase: 9.72 percent
Jasmy Coin (JASMY)
price: $0.02669
24 hour increase: 8.79 percent
Today's Biggest Crypto Losers (July 15th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Phantom (FTM)
price: $0.4927
24 hours lost: 1.55 percent
Notcoin (NOT)
price: $0.01536
24 hours lost: 0.60 percent
Internet Computer Protocol (ICP)
price: $8.81
24 hours lost: 0.45 percent
Trom (TRX)
price: $0.1383
24 hours lost: 0.37 percent
Multiverse X (EGLD)
price: $35.60
24 hours lost: 0.17 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Madrex, told ABP Live: “Over the weekend, rising chances of Donald Trump returning to the White House in November saw Bitcoin surge to $62,000, boosting the price of BTC. The next key level to watch is $64,125, with support at $61,500. Meanwhile, Ethereum has outpaced Bitcoin in its weekly gains, climbing above $3,300. Market participants are also optimistic about the expected approval of a spot Ethereum ETF this week, which could boost interest in Ethereum.”
CoinSwitch Markets Desk noted, “Bitcoin is currently trading at over $62,000, surging following the attempted assassination of former US President Donald Trump. The incident has had a major impact on market sentiment, with various analyses raising the probability of Trump winning the 2024 presidential election to 70%. Trump's pro-cryptocurrency stance, which emphasizes protecting the right of individuals to own crypto assets, has further stimulated positive sentiment within the crypto community. This has led to Bitcoin prices rising from their recent low of $53,000.”
Rajagopal Menon, Vice President at WazirX, said, “Following the incident, the crypto market valuation increased by 2.88% as Bitcoin price surpassed $60,000 for the first time in 10 days. MAGA (TRUMP) meme coin, a cryptocurrency associated with Trump, recorded a significant increase of over 30%. The crypto market is also relieved by the news that Germany has ended its Bitcoin sell-off. So, overall, these are interesting developments based on impulse and voter sentiment, but stronger factors are needed to support BTC price increases.”
Sathvik Viswanath, CEO and co-founder of Unocoin, said, “Bitcoin rose 4% to $60,300 amid bullish sentiment linked to Trump's pro-crypto stance following the assassination attempt on former US President Trump. Analysts are speculating on the market's potential reaction to Trump's election victory, buoyed by endorsements from celebrities such as Elon Musk. Bitcoin is currently trading at $60,787 and is showing signs of a bullish reversal due to whale buying and positive technical indicators. A sustained break above $64,602 will be essential to confirm the upward momentum, failure of which could lead to a repeated test of support. In the short term, Bitcoin may remain in the $61,000-$62,000 range before crossing $63,000 or dropping back to $55,000. Market stability will depend on geopolitical developments and investor sentiment.”
Shivam Thakral, CEO, BuyUcoin, said, “The cryptocurrency market had an exciting weekend as BTC surged nearly 5% from the previous day and breached the $62,000 level. Ethereum, which usually tracks BTC, also rose by a similar percentage point and is trading at $3,336 levels. Trump's shooting incident appears to have increased his chances of re-election. As Trump has made pro-crypto statements in the past, the digital asset market is reacting favorably to this development. Selling pressure in the cryptocurrency market has eased and we can expect the current momentum to continue in the coming weeks.”
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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.
