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Bitcoin remains stable above $65,000, FLOKI becomes the best gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained above the $65,000 mark early Friday. Other popular altcoins — including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — ended up in the green across the board as the overall market fear and greed index he remained standing. to 59 (Neutral) out of 100, according to CoinMarketCap data. Memecoin FLOKI emerged as the biggest gainer of the lot, jumping nearly 11% in 24 hours. Worldcoin (WLD) became the biggest loser, down nearly 10% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization stood at $2.37 trillion, marking a 24-hour decline of 1%.
Bitcoin (BTC) price today
According to CoinMarketCap, the price of Bitcoin stood at $65,487.77, recording a decline of 0.60% in the 24 hours. According to Indian exchange WazirX, the price of BTC stood at Rs 57.30 lakh.
Ethereum (ETH) price today
At the time of writing, the price of ETH stood at $2,947.37, marking a 24-hour loss. According to WazirX, the price of Ethereum in India stands at Rs 2.58 lakh.
Dogecoin (DOGE) price today
DOGE is down 4.51% in 24 hours, according to CoinMarketCap data, currently priced at $0.1495. According to WazirX, the price of Dogecoin in India was Rs 13.23.
Litecoin (LTC) price today
Litecoin posted a 24-hour gain of 4.55%. As of this writing, it was trading at $82.13. The price of LTC in India stood at Rs 7,106.
Ripple (XRP) price today
XRP price settled at $0.5167, recording a loss of 0.32% in the 24-hour period. According to WazirX, the price of Ripple stood at Rs 44.99.
Solana (SOL) Price today
Solana’s price settled at $162.16, marking a decline of 0.96% in 24 hours. According to WazirX, the SOL price in India stood at Rs 14,096.99.
Top cryptocurrency gains today (May 17)
According to CoinMarketCap data, here are the five biggest cryptocurrency gains in the last 24 hours:
Floki (FLOKI)
Price: $0.0002158
Earnings over 24 hours: 10.77%.
Pepper (PEPPER)
Price: $0.00001141
Earnings over 24 hours: 6.10%.
Arweave (AR)
Price: $41.22
Earnings over 24 hours: 4.90%.
Wormholes (W)
Price: $0.5436
Earnings over 24 hours: 2.88%.
THORChain (RUNE)
Price: $5.65
Earnings over 24 hours: 1.75%.
Today’s Top Crypto Losers (May 17)
According to CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:
World Currency (WLD)
Price: $4.79
Earnings over 24 hours: 9.30%.
Ethena (ENA)
Price: $0.7021
Earnings over 24 hours: 6.98%.
Celestia (TIA)
Price: $8.19
Earnings over 24 hours: 6.77%.
dogwifhat (WIF)
Price: $2.92
Earnings over 24 hours: 5.98%.
NEAR (NEAR) protocol
Price: $6.97
Earnings over 24 hours: 4.91%.
What cryptocurrency exchanges are saying about the 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 reporting profits and it may take some time before it attempts another The first major resistance levels are at $66,000 and $67,000.
Parth Chaturvedi, chief investment officer at CoinSwitch Ventures, said: “Over the past 24 hours, the cryptocurrency market has moved sideways and consolidated in a narrow range. This happened despite the US Senate voting against the rule SEC accountant. However, President Joe Biden has suggested vetoing the resolution. Trading around $65.4k and $2.9k, BTC and ETH are down 0.8% and 1.9%, respectively. While the broader market is in the red, a clear outlier among the major cryptocurrencies is LINK (+13.6%). The Depository Trust and Clearing Corporation (DTCC) in the United States, along with Chainlink and major US banks, have successfully completed a pilot project to accelerate the tokenization of funds. This collaboration represents a further step towards the adoption of blockchain technology in the traditional wealth management sector.”
Rajagopal Menon, Vice President of WazirX, said: “Over the past 24 hours, Bitcoin (BTC) has risen to $66,750, but is now trading at $65,408, down 0.82%. This increase has led to an increase in Liquidations Bitcoin’s recent bullish breakout suggests the potential for continued gains. Despite a possible pullback, the outlook remains positive, with the forecast for new all-time highs. Ethereum has recently broken above its 20-day EMA, but is struggling due of Bitcoin volatility. Social sentiment for ETH is positive but just above neutral. The Elder-Ray Index indicates a buyer’s market. ETH is trading inside a descending triangle, signaling potential bearish trends significant could occur at $2,864. Breaking the upper trend line could reach $3,100. Next week’s SEC decision on ETH ETFs is crucial.”
Shivam Thakral, CEO of BuyUcoin, said: “Recently released CPI data showed that inflation is showing signs of cooling. Financial markets are optimistic following speculation that the US Fed may cut rates if inflation continues to slow. The cryptocurrency market reacted immediately when BTC touched the $66,000 mark while ETH hovers around the $3,000 mark. According to media reports, India’s market regulator SEBI has also suggested oversight of cryptocurrency trading that brings us one step closer to regulated cryptocurrency trading in one of the world’s leading digital asset markets.”
CoinDCX’s research team told ABP Live: “The overall cryptocurrency market is stable now, with BTC showing good momentum post-CPI. However, the ETH/BTC pair continues to decline, causing ETH to lag behind compared to BTC, while alts are trading mixed. Technically, BTC faces a short-term hurdle at $66,670. The main support is at $60,850 is expected to hold its position above this level, while bullish, it is weaker than BTC. Key support for ETH is at $2,875 and resistance 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 losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature on the subject before making any type of investment. Cryptocurrency market forecasts are speculative and any investments made will be at the sole cost and risk of the readers.