Cryptocurrency Price Today: Bitcoin Rises Below $62,000, Lido DAO Becomes Biggest Gainer
Cryptocurrency price on May 14 quick take: The global market cap rose to $2.29 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued on its roller coaster ride and managed to climb above the $62,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the green sacross the board as the overall Market Fear & Greed Index stood at 55 (Neutral) out of 100, as per CoinMarketCap data. The Lido DAO (LDO) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 2 percent. Memecoin dogwifhat (WIF) became the biggest loser, with a 24-hour dip of nearly 11 percent.
The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour gain of 2.41 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $62,506, registering a 24-hour gain of 2.55 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 54.66 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,941.33, marking a 24-hour jump of 1.89 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.58 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 9.61 percent, as per CoinMarketCap data, currently priced at $0.1508. As per WazirX, Dogecoin price in India stood at Rs 13.05.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.38 percent. At the time of writing, it was trading at $80.20. LTC price in India stood at Rs 7,000.
Ripple (XRP) Price Today
XRP price stood at $0.5067, seeing a 24-hour jump of 2.83 percent. As per WazirX, Ripple price stood at Rs 44.02.
Solana (SOL) Price Today
Solana price stood at $148.21, marking a 24-hour gain of 6.47 percent. As per WazirX, SOL price in India stood at Rs 13,024.03.
Top Crypto Gainers Today (May 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Lido DAO (LDO)
Price: $1.96
24-hour gain: 2.30 percent
TRON (TRX)
Price: $0.1212
24-hour gain: 2.14 percent
Chiliz (CHZ)
Price: $0.1253
24-hour gain: 1.98 percent
THORChain (RUNE)
Price: $5.45
24-hour gain: 1.75 percent
Ethena (ENA)
Price: $0.8959
24-hour gain: 1.73 percent
Top Crypto Losers Today (May 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
dogwifhat (DOG)
Price: $2.91
24-hour gain: 10.83 percent
Helium (HNT)
Price: $4.84
24-hour gain: 9.70 percent
Akash Network (AKT)
Price: $4.43
24-hour gain: 7.99 percent
JasmyCoin (JASMY)
Price: $0.01792
24-hour gain: 6.36 percent
Jupiter (JUP)
Price: $1.08
24-hour gain: 6.20 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin trades at $62,000 level ahead of US inflation data due for today and tomorrow. Bulls are struggling to sustain Bitcoin above the $62,600 level with increased liquidations. If buyers can maintain the price above the $63,000 level, we can see an upward trend. Currently the support lies at the $61,600 level. On the other hand, Ethereum is trading below the $3,000 level indicating a bearish movement.”
CoinSwitch Markets Desk noted, “After showing two days of closed range sideways movement, BTC finally gained some momentum as it briefly crossed $63k and seems to be setting for another leg up with $60k as a firm psychological support on the downside. The biggest gainer in the last 24 hours was the memecoin PEPE, as it crossed its all time high in parallel to the return of the “roaring kitty” on x.com, a user who got famous in the last bull cycle. Since he was the primary reason why memecoins ran hard during that time, all top memecoins showed strength.
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) maintains a steady decline from its all-time high of $72,800, currently settling at $62,535. While selling pressure subsides, Bitcoin struggles to reclaim positions above key averages. Post-FED interest rate decision, attempted recoveries falter, signaling persistent market uncertainty. Currently finding support at EMA100, Bitcoin faces short-term resistance at $61,490, $62,680, and $63,161. Support levels rest at $60,338, $60k, and EMA200 at $53,087.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin started the week at $61,000, falling to $60,675 on a hawkish outlook from the Federal Reserve, boosting the dollar and dampening bitcoin's momentum. Future market focus includes Fed speeches and key economic news that may impact Bitcoin's trajectory. El Salvador's transparency in bitcoin investment aims to boost global confidence, but low local adoption poses challenges. Technical analysis suggests a bearish trend with resistance at $63,824 and support at $60,185. The Relative Strength Index (RSI) suggests neutral to bearish sentiment and highlights the significance of the $61,764 threshold for market direction.”
Shivam Thakral, CEO of BuyUcoin, said, “The overall crypto market cap jumped by over 2% with BTC and ETH leading the effort. The current market rally is dominated by altcoins and meme coins like SHIB, DOGE, and PEPE have shown significant jump in their prices in the last 24 hours. Currently, Bitcoin needs to break the $64,000 resistance level for it to rise further. The lower support level for Bitcoin in the near term could be around $60,000 level. If we look at 2024 data, BTC has emerged as one of the best-performing asset class with a 41% surge in its value since the beginning of this year.”
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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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