Cryptocurrency Price Today: Bitcoin Rises Above $62,000 Following Donald Trump Assassination Attempt
Cryptocurrency price on July 15 quick take: The global market cap rose to $2.29 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $62,000 mark over the weekend, recovering from its losses seen over the past week. It is largely believed that the assassination attempt on pro-crypto US presidential candidate Donald Trump severely influenced investors’ sentiments. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 40 (Neutral) out of 100, as per CoinMarketCap data. The PENDLE token emerged to be the biggest gainer, with a 24-hour jump of over 14 percent. Fantom (FTM) became the biggest loser, with a 24-hour dip of over 1 percent.
The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour gain of 3.80 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $62,713.45, registering a 24-hour gain of 4.64 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 55.33 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,333.88, marking a 24-hour jump of 4.17 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.96 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 3.92 percent, as per CoinMarketCap data, currently priced at $0.118. As per WazirX, Dogecoin price in India stood at Rs 10.58.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.71 percent. At the time of writing, it was trading at $70.55. LTC price in India stood at Rs 6,194.45.
Ripple (XRP) Price Today
XRP price stood at $0.5306, seeing a 24-hour jump of 2.40 percent. As per WazirX, Ripple price stood at Rs 46.92.
Solana (SOL) Price Today
Solana price stood at $152.05, marking a 24-hour gain of 4.88 percent. As per WazirX, SOL price in India stood at Rs 13,460.
Top Crypto Gainers Today (July 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pendle (PENDLE)
Price: $4.38
24-hour gain: 14.40 percent
Synthetix (SNX)
Price: $1.91
24-hour gain: 11.79 percent
Stacks (STX)
Price: $1.87
24-hour gain: 10.55 percent
Immutable (IMX)
Price: $1.48
24-hour gain: 9.72 percent
JasmyCoin (JASMY)
Price: $0.02669
24-hour gain: 8.79 percent
Top Crypto Losers Today (July 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Fantom (FTM)
Price: $0.4927
24-hour loss: 1.55 percent
Notcoin (NOT)
Price: $0.01536
24-hour loss: 0.60 percent
Internet Computer Protocol (ICP)
Price: $8.81
24-hour loss: 0.45 percent
Trom (TRX)
Price: $0.1383
24-hour loss: 0.37 percent
MultiversX (EGLD)
Price: $35.60
24-hour loss: 0.17 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin surged to $62,000 as Donald Trump's chances of reclaiming the White House in November increased, pushing BTC's price up. The next key level to watch is $64,125, with support at $61,500. Meanwhile, Ethereum outperformed Bitcoin in weekly gains with a rise above $3,300. Market participants are also optimistic about the approval of spot Ether ETFs expected this week, which could boost interest in Ethereum.”
CoinSwitch Markets Desk noted, “Bitcoin is currently priced above $62k, experiencing a surge following an assassination attempt on the former U.S. President Donald Trump. The incident has significantly influenced market sentiment, as Trump's odds of winning the 2024 election have risen to 70%, according to various analyses. Trump's pro-crypto stance, emphasising the protection of individuals' rights to own cryptoassets, has further fueled positive sentiment within the crypto community. This has propelled Bitcoin's price from a recent low of $53,000.”
Rajagopal Menon, Vice President, WazirX, said, “Crypto market's valuation increased by 2.88% following the incident as Bitcoin prices surged past $60,000 for the first time in ten days. The MAGA (TRUMP) memecoin, the cryptocurrency associated with Trump, saw a remarkable increase of over 30%. The crypto markets are also relieved by the news that Germany has finished selling its Bitcoin. So overall, these are interesting developments based on impulses and voter sentiment but BTC would need stronger factors to back its price surge.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin rose 4% to $60,300 after the assassination attempt on former US President Donald Trump, amid bullish sentiment linked to Trump's pro-crypto stance. Analysts are speculating about a potential market reaction to Trump's election victory, fueled by the support of personalities such as Elon Musk. Bitcoin is currently trading at $60,787, showing signs of a bullish reversal with whale accumulation and positive technical indicators. A sustained break above $64,602 is crucial to confirm the upside momentum; failure may result in repeated support tests. In the short term, Bitcoin may range between $61,000 and $62,000, potentially breaking above $63,000 or returning to $55,000. Market stability depends on geopolitical developments and investor sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market had an inspiring weekend as BTC breached the $62,000 mark which is a jump of almost 5% from the previous day. Ethereum, which usually follows the BTC trail, also jumped by similar percentage points and is changing hands at $3336 level. Trump’s shooting incident seems to have boosted his chances of re-election. Since Trump has made pro-crypto statements in the past, the digital asset market is reacting positively to this development. The selling pressure in the crypto market is easing out and we can expect the current momentum to sustain in the coming weeks.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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