Cryptocurrency Price Today: Bitcoin Remains Stable Above $65,000, FLOKI Becomes Top Gainer
Cryptocurrency price on May 17 quick take: The global market cap dipped to $2.37 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained above the $65,000 mark early Friday. 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 59 (Neutral) out of 100, as per CoinMarketCap data. Memecoin FLOKI emerged as the biggest gainer of the lot, with a 24-hour jump of nearly 11 percent. Worldcoin (WLD) became the biggest loser, with a 24-hour dip of nearly 10 percent.
The global crypto market cap stood at $2.37 trillion at the time of writing, registering a 24-hour dip of 1 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $65,487.77, registering a 24-hour dip of 0.60 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 57.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,947.37, marking a 24-hour loss of 2 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 dip of 4.51 percent, as per CoinMarketCap data, currently priced at $0.1495. As per WazirX, Dogecoin price in India stood at Rs 13.23.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 4.55 percent. At the time of writing, it was trading at $82.13. LTC price in India stood at Rs 7,106.
Ripple (XRP) Price Today
XRP price stood at $0.5167, seeing a 24-hour loss of 0.32 percent. As per WazirX, Ripple price stood at Rs 44.99.
Solana (SOL) Price Today
Solana price stood at $162.16, marking a 24-hour dip of 0.96 percent. As per WazirX, SOL price in India stood at Rs 14,096.99.
Top Crypto Gainers Today (May 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Floki (FLOKI)
Price: $0.0002158
24-hour gain: 10.77 percent
Pepe (PEPE)
Price: $0.00001141
24-hour gain: 6.10 percent
Arweave (AR)
Price: $41.22
24-hour gain: 4.90 percent
Wormhole (W)
Price: $0.5436
24-hour gain: 2.88 percent
THORChain (RUNE)
Price: $5.65
24-hour gain: 1.75 percent
Top Crypto Losers Today (May 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Worldcoin (WLD)
Price: $4.79
24-hour gain: 9.30 percent
Ethena (ENA)
Price: $0.7021
24-hour gain: 6.98 percent
Celestia (TIA)
Price: $8.19
24-hour gain: 6.77 percent
dogwifhat (WIF)
Price: $2.92
24-hour gain: 5.98 percent
NEAR Protocol (NEAR)
Price: $6.97
24-hour gain: 4.91 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is currently trading around $65,000. BTC is consolidating its gains with some participants booking profits and may take some time before attempting another rise. The first major resistance levels are at $66,000 and $67,000. If the bulls remain active today, the price could increase over the weekend. The support lies at $65,150.”
Parth Chaturvedi, Investments Head, CoinSwitch Ventures, said, “In the last 24 hours, the crypto market traded sideways and consolidated in a tight range. This happened despite the U.S. Senate voting against the SEC accounting rule. However, President Joe Biden has suggested vetoing the resolution. Trading around $65.4k and $2.9k, BTC and ETH are down by 0.8% and 1.9% respectively. While the broader market is in the red, a clear outlier amidst the leading cryptos is LINK (+13.6%). The Depository Trust and Clearing Corporation (DTCC) in the U.S., along with Chainlink and major US banks, completed a successful pilot to accelerate the tokenisation of funds. This collaboration is a step further towards the adoption of blockchain technology in the traditional asset management sector.”
Rajagopal Menon, Vice President, WazirX, said, “In the last 24 hours, Bitcoin (BTC) surged to $66,750 but is now trading at $65,408, down 0.82%. This rise saw an increase in liquidations. Bitcoin's recent bullish breakout suggests potential for continued gains. Despite a possible pullback, the outlook remains positive, with new record highs anticipated. Ethereum recently surpassed its 20-day EMA but is struggling due to Bitcoin's volatility. Social sentiment for ETH is positive but just above neutral. The Elder-Ray Index indicates a buyer's market. ETH trades within a descending triangle, signalling potential bearish trends. A significant drop might occur at $2,864. Breaking the upper trend line could target $3,100. Next week's SEC decision on ETH ETFs is crucial.”
Shivam Thakral, CEO of BuyUcoin, said, “The CPI data released recently showed the inflation showing signs of cooling down. The financial markets are buoyant with the buzz around the possibility of a rate cut by the US fed if inflation continues to slow down. The crypto market reacted immediately as BTC touched the $66,000 mark while ETH is hovering around the $3,000 mark. As per the media reports, India’s market regulator SEBI also suggested crypto trade oversight which brings us a step closer to regulated crypto trading in one of the major digital asset markets in the world.”
CoinDCX Research Team told ABP Live, “The overall crypto market is stable now, with BTC showing good momentum post-CPI. However, the ETH/BTC pair continues to drop, causing ETH to lag behind BTC, while alts are trading mixed. Technically, BTC faces a short-term hurdle at $66,670. Clearing this level could lead to a continued upside move. The major support is at $60,850, and BTC should maintain its position above this level. ETH, although bullish, is weaker compared to BTC. Key support for ETH is at $2,875, and resistance is at $3,040.”
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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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