Cryptocurrency Price Today: Bitcoin, Ethereum Regain Footing; PEPE Remains Top Loser
Cryptocurrency price on May 15 quick take: The global market cap managed to rise to $1.14 trillion over the weekend.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies in the world, managed to see some stability following nearly a week of slump. While BTC regained the $27,000 mark, ETH managed to remain above $1,800. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — managed to see minor gains across the board. PEPE, the memecoin which became trending ever since its Binance listing earlier this month, remained the top loser with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $1.14 trillion at the time of writing, registering a 24-hour gain of 1.25 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $27,230.97, registering a 24-hour jump of 1.35 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.60 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,826.97, marking a 24-hour gain of 1.32 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 1.14 percent, as per CoinMarketCap data, currently priced at $0.0727. As per WazirX, Dogecoin price in India stood at Rs 6.43.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 5.98 percent. At the time of writing, it was trading at $85.60. LTC price in India stood at Rs 7,469.15.
Ripple (XRP) Price Today
XRP price stood at $0.428, seeing a 24-hour jump of 0.34 percent. As per WazirX, Ripple price stood at Rs 37.32.
Solana (SOL) Price Today
Solana price stood at $21.21, marking a 24-hour gain of 1.20 percent. As per WazirX, SOL price in India stood at Rs 1,825.02.
Top Crypto Gainers Today (May 15)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Sui (SUI)
Price: $1.22
24-hour loss: 12.50 percent
Conflux (CFX)
Price: $0.2778
24-hour loss: 10.86 percent
Toncoin (TON)
Price: $2.00
24-hour loss: 7.73 percent
Huobi Token (HT)
Price: $2.97
24-hour loss: 6.67 percent
Rocket Pool (RPL)
Price: $52.74
24-hour loss: 6.42 percent
Top Crypto Losers Today (May 15)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Klaytn (KLAY)
Price: $0.1756
24-hour loss: 5.54 percent
Pepe (PEPE)
Price: $0.000001744
24-hour loss: 5.29 percent
Nexo (NEXO)
Price: $0.6654
24-hour loss: 0.83 percent
eCash (XEC)
Price: $0.00002696
24-hour loss: 0.29 percent
TRON (TRX)
Price: $0.06959
24-hour loss: 0.12 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the past 24 hours, Bitcoin has managed to make a slight recovery by gaining over 1 percent following a downward trend the last week. Although Bitcoin's value has decreased by 10 percent since May 5, it has still experienced a substantial increase of 98 percent since hitting its lowest cycle in January. Bitcoin's immediate resistance levels are at $27,400 and $27,800, with the latter having the potential to trigger a significant increase. Meanwhile, the support level for Bitcoin is at $27,000. In a similar trading pattern, Ethereum has also gained over 1 percent and is currently trading at the $1,825 level.”
WazirX Vice President Rajagopal Menon said, “Bitcoin showed stability following a seven-day slump as the largest crypto by market cap traded up in the past 24 hours. However, it remains over 10 percent down since May 5, attributed to profit-taking, low liquidity, and market uncertainties. Ether is changing hands near $1,800, relatively unchanged since early Saturday. On WazirX, Phala Network (PHA) and Verge (XVG) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Currently, the price of Bitcoin is $27,100 with a support level of $26,300. A break of the previous support level of $26,800 now acts as a resistance level. RSI and MACD indicators indicate an oversold market. If Bitcoin stays above $26,000, there is a good chance of an upside move towards $27,800 or $27,500. The 50-day EMA at $27,500 indicates a strong resistance level, indicating bearish sentiment. $26,000 is a crucial point for Bitcoin and a hold above it could lead to problems at $27,500 or $28,400. Alternatively, the next support could be at $25,300.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market started the week on a positive note as BTC and ETH are up by 1.50 percent and 1.69 percent, respectively. Bitcoin recovered after a steep fall of around 11 percent last week taking the total crypto market cap to $1.14 trillion. The current uptick in the market is mainly due to encouraging macro factors and under-control inflation.”
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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