Cryptocurrency Price Today: Bitcoin Rises Above $67,000, FLOKI Remains Top Gainer

Cryptocurrency price on May 20 quick take: The global market cap rose to $2.41 trillion.

Bitcoin price stood at $67,116.10 on Monday.

Source : Getty

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $67,000 mark over the weekend. 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 60 (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 $2.41 trillion at the time of writing, registering a 24-hour dip of 0.85 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $67,116.10, registering a 24-hour dip of 0.07 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.65 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,219.56, marking a 24-hour gain of 0.22 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.71 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour dip of 1.68 percent, as per CoinMarketCap data, currently priced at $0.1531. As per WazirX, Dogecoin price in India stood at Rs 13.27.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 4.55 percent. At the time of writing, it was trading at $83.81. LTC price in India stood at Rs 7,190.04.

Ripple (XRP) Price Today

XRP price stood at $0.5167, seeing a 24-hour loss of 1.09 percent. As per WazirX, Ripple price stood at Rs 45.50.

Solana (SOL) Price Today

Solana price stood at $172.80, marking a 24-hour dip of 0.46 percent. As per WazirX, SOL price in India stood at Rs 15,000. 

Top Crypto Gainers Today (May 20)

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 20)

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 traded at the $67,000 level over the weekend with an increase in Bitcoin spot ETF inflows. Additionally, the house bill heading towards the final vote also added to the positive sentiment. However, since it has decreased a bit and is currently trading at the $66,000 level. The next resistance is set at the $67,500 level and the support lies at the $65,500 level.”

Parth Chaturvedi, Investments Head, CoinSwitch Ventures, said, “Over the weekend, Bitcoin (BTC) surged past the $67,000 mark for the first time in nearly a month. This swift change in sentiment comes on the heels of recent economic data indicating a softening in U.S. inflation, coupled with regulatory filings revealing significant interest in the relatively new spot Bitcoin ETFs. However, it still lagged behind other crypto tokens such as Chainlink (LINK), Ether (ETH), and Solana (SOL), which experienced more significant gains.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin surged to $66,000 last week, overcoming a bearish phase and maintaining this level over the weekend. Despite a slight 0.83% decline in the past 24 hours, strong buying interest and the formation of a morning star pattern suggest a continued bullish trend, potentially pushing prices to $70,000. Technical indicators, including moving averages, signal a 'Buy' sentiment for Bitcoin as it surpasses previous price levels. However, as May progresses, price consolidation and mid-year sentiment shifts may pose challenges. Should Bitcoin fail to hold the $66,000 mark, it could see a decline to $65,100 or $64,500.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading at $67,330.50, up 0.15% in 24 hours, with a volume of $16.3 billion and a market cap of $1.33 trillion. Technical analysis shows that Bitcoin is above the $66,680 pivot point, indicating a bullish trend. Key resistance levels are $69,296, $71,090 and $72,809, while support lies at $64,662, $63,299 and $61,517. The RSI at 64 suggests potential for further gains and the 50-day EMA at $64,739 supports the uptrend. The Doji candlestick formation suggests neutral sentiment, but overall, as long as Bitcoin holds above $66,680, the outlook remains positive. Traders should watch these levels closely for market direction.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market continues to rally after the soft US inflation data sparked the debate around the possibility of an interest rate cut by the US Fed. Bitcoin rallied to touch $67,000 while Ethereum breached the $3,100 mark for the first time in weeks. Any strong signal from the US fed to cut interest rates will strengthen the current momentum and spark a market-wide rally. Bitcoin’s immediate resistance is at the $70,000 mark and a sustained price above $70k will pave the way for further upward price movement.”

CoinDCX Research Team told ABP Live, “Over the weekend, the crypto market remained neutral to bearish. BTC is hovering around $67,000, with momentum appearing bullish in the higher time frame. Key support levels to consider are around $61,000, $59,000, and $57,000. On the upside, resistance levels are at $68,600, $71,250, and $72,850. ETH also formed a new higher high but still needs to clear several hurdles to overtake BTC. ETH is hovering around $3,100, staying above the 20 EMA daily, which is a positive sign. Significant support levels include $2,950 and $2,875, while resistance levels to watch are at $3,250, $3,500, and $3,650.”

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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.