Cryptocurrency Price Today: Bitcoin Continues Rally, Memecoin FLOKI Becomes Biggest Gainer
Cryptocurrency price on July 16 quick take: The global market cap rose to $2.37 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued its rally and managed to climb above the $64,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw gains across the board as the overall Market Fear & Greed Index stood at 57 (Neutral) out of 100, as per CoinMarketCap data. Memecoin FLOKI emerged to be the biggest gainer, with a 24-hour jump of over 27 percent. Tron (TRX) became the biggest loser, with a 24-hour dip of over 1 percent.
The global crypto market cap stood at $2.37 trillion at the time of writing, registering a 24-hour gain of 3.44 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,560.35, registering a 24-hour gain of 4.64 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 56.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,458.40, marking a 24-hour jump of 3.74 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.01 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.49 percent, as per CoinMarketCap data, currently priced at $0.1252. As per WazirX, Dogecoin price in India stood at Rs 11.11.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.16 percent. At the time of writing, it was trading at $73.01. LTC price in India stood at Rs 6,347.41.
Ripple (XRP) Price Today
XRP price stood at $0.5578, seeing a 24-hour jump of 5.53 percent. As per WazirX, Ripple price stood at Rs 48.99.
Solana (SOL) Price Today
Solana price stood at $157.81, marking a 24-hour gain of 4.27 percent. As per WazirX, SOL price in India stood at Rs 13,750.11.
Top Crypto Gainers Today (July 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Floki (FLOKI)
Price: $0.0001951
24-hour gain: 27.74 percent
Pepe (PEPE)
Price: $0.00001234
24-hour gain: 27.40 percent
dogwifhat (WIF)
Price: $2.22
24-hour gain: 25.74 percent
Brett (Based) (BRETT)
Price: $0.1492
24-hour gain: 22.21 percent
MANTRA (OM)
Price: $1.28
24-hour gain: 17.34 percent
Top Crypto Losers Today (July 16)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Tron (TRX)
Price: $0.1361
24-hour loss: 1.64 percent
Polkadot (DOT)
Price: $6.46
24-hour loss: 0.97 percent
Aave (AAVE)
Price: $103.64
24-hour loss: 0.54 percent
Monero (XMR)
Price: $160.56
24-hour loss: 0.48 percent
Immutable (IMX)
Price: $1.49
24-hour loss: 0.13 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin surged past $64,000 as Donald Trump's chances of winning the upcoming November election improved, boosting BTC's price. The market also gained optimism from the news that spot Ether ETFs will start trading next Tuesday. Bulls are now eyeing the $65,000 mark. Bitcoin peaked at $64,900 and is currently holding its gains. If it breaks past $65,000, we could see a significant increase this week. The support level is around $64,250, and the overall market sentiment remains positive.”
CoinSwitch Markets Desk noted, “BTC bounce back post Trump's assassination attempt continues as BTC posted a third straight green candle with little resistance to offer till 70k USD. However, we might see some profit booking at 65k USD given it is an important liquidity zone for the world's largest crypto. The biggest top mover in the last 24 hour in top 100 remained memecoins, as PEPE (+26%), FLOKI (+24%), WIF(+24%) and BRETT(+20%) outperformed all other category of coins which confirms the market sentiment that crypto community still finds value in the meme culture more than anything else and the current cycle might be far from over. However, memecoins also tend to drop much sharper than other coins hence are extremely risky to invest or trade.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin’s price is recovering from its recent dip, now trading above $64,000. Bitcoin’s rebound over the weekend has sustained its momentum with a potential demand increase on exchanges on the horizon potentially indicating a price surge ahead. Meanwhile, Ethereum has climbed past the $3,500 resistance level and could gain enough momentum to break above $4,000 soon. This bullish outlook is bolstered by increasing trading volume and the commencement of ETF trading sometime later this month.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin nears $65,000 amidst economic data showing manufacturing slowdowns. Weak indicators may drive investors to Bitcoin as a hedge, with current trading at $64,770 and bullish momentum. Resistance levels are at $65,500, $67,250, and $69,000, supported by strong technical trends like the Relative Strength Index (RSI) signaling buying opportunities. The 50-day Exponential Moving Average (EMA) also backs an upward trajectory. Entry points above $63,500 are advised, targeting gains towards higher resistances. Continued market support suggests potential for further price increases in Bitcoin.”
CoinDCX Research Team told ABP Live, “The crypto market has surged in the past few days following the incident involving Donald Trump, which increased the chances of his potential win in the USA presidential election—a positive development for the crypto space, as he is a known crypto supporter. Additionally, Mt. Gox has now sold all its BTC, reducing the selling pressure that has been affecting the market. Furthermore, BTC ETF inflows remain net positive, indicating continued demand.”
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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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