Cryptocurrency Price Today: Bitcoin Dips Below $70,000, Top Coins See Mixed Movement
Cryptocurrency price on May 22 quick take: The global market cap dipped to $2.60 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to $69,00 from $71,000 early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of reds and greens across the board as the overall Market Fear & Greed Index stood at 68 (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 $2.61 trillion at the time of writing, registering a 24-hour gain of 8.14 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,920.95, registering a 24-hour dip of 1.80 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,764.11, marking a 24-hour jump of 2.84 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.19 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 3.19 percent, as per CoinMarketCap data, currently priced at $0.1687. As per WazirX, Dogecoin price in India stood at Rs 13.98.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.24 percent. At the time of writing, it was trading at $87.20. LTC price in India stood at Rs 7,216.
Ripple (XRP) Price Today
XRP price stood at $0.5347, seeing a 24-hour dip of 0.63 percent. As per WazirX, Ripple price stood at Rs 45.80.
Solana (SOL) Price Today
Solana price stood at $181.79, marking a 24-hour jump of 6.78 percent. As per WazirX, SOL price in India stood at Rs 15,176.
Top Crypto Gainers Today (May 22)
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 22)
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 rose above the $71,000 briefing in the 24 hours gaining about 13% over the past seven days. However, since it has consolidated to $70,000 level with some players booking profits. The surge was driven by inflows into Bitcoin spot ETFs and hopes of SEC approving the Ethereum spot ETFs. If bulls can push Bitcoin above the current level, the next resistance would be at the $71,100 and then towards $73,600 level. The support lies at $69,400. With optimism around Ethereum ETFs, Ethereum rose above the $3,840 level gaining 31% in the past seven days. Bulls are now eyeing towards the $4,000 level.”
CoinSwitch Markets Desk noted, “Traders continued to rotate money from BTC to ETH with the speculation of an ETH ETF approval this week remained high. While BTC is taking support around the 69k USD mark - ETH has been rallying and testing the 3800 levels. For ETH to go further, 4k USD is the critical level. With ETH and related coins rising, the total value locked in DeFi protocols also increased to 100 billion dollars and achieved this feat for the first time in two years with the leading protocols being Lido and Coinbase’s wrapped staked ETH. If the ETH ETF is approved, a new all time high in TVL will not be a far off dream.”
Rajagopal Menon, Vice President, WazirX, said, “Cryptocurrencies are rallying after positive signs emerged regarding U.S. approval for Ethereum exchange-traded funds (ETFs). Investor optimism is driven by speculation surrounding these long-awaited ETFs, similar to the price hikes observed with Bitcoin ETF inflows. Industry experts expect further progress on spot ETF approvals for other tokens, fueling the bullish sentiment. The overall market capitalization has jumped by over 7% in the past day, with major tokens experiencing significant gains. The positive market sentiment is reflected by the Fear and Greed Index, which currently sits at 70.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) continues its upward momentum, trading around $70,025 after hitting an intraday high of $71,957. The increase is driven by positive regulatory news on Ethereum ETFs, with recent actions by the US SEC boosting investor confidence. In addition, public bitcoin miners received $2 billion in equity funding before the April halving, bolstering financial resilience. Analysts predict that the chances of the Ethereum ETF being approved have risen to 75%, further boosting market sentiment. Key levels for BTC include the pivot at $72,030, with resistance at $73,734, $75,480 and $76,000. The support levels are $69,219, $68,853 and $65,949. The RSI indicates approaching overbought conditions and the 50 EMA at $68,853 provides key support.”
CoinDCX Research Team told ABP Live, “in the last 24 hours, the crypto market remained mixed with ETH outperforming BTC. With the ETH ETF decision just one day away, ETH is standing strong, with key resistance levels at $4,000, $4,400, and $4,800. BTC is hovering around $70,000, slightly below its range high and ATH level. Overall, BTC still looks bullish in higher time frames (HTF) and neutral in lower time frames (LTF). Funding rates are neutral, and ETF inflows continue to be net positive.”
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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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