$61,327.54
-4.44%
$3,318.55
-4.72%
$69.47
-6.65%
$22.48
-7.71%
$161.29
-1.66%
$0.00
+0.01%
$22.63
-2.62%
$0.12
-4.3%
$19.53
-2.41%
$0.00
-6.63%

Cryptocurrency Price Today: Bitcoin Rises Above $71,000, Top Coins Rally Alongside


Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, rallied close to its all-time high of $73,000 as it surpassed the $71,000 mark early Tuesday. 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 70 (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 $71,058.20, registering a 24-hour gain of 6.59 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.54 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,682.67, marking a 24-hour jump of 18.92 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.11 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 7.86 percent, as per CoinMarketCap data, currently priced at $0.163. As per WazirX, Dogecoin price in India stood at Rs 13.80.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 5.11 percent. At the time of writing, it was trading at $87.56. LTC price in India stood at Rs 7,394.11.

Ripple (XRP) Price Today

XRP price stood at $0.5364, seeing a 24-hour gain of 4.32 percent. As per WazirX, Ripple price stood at Rs 46.25.

Solana (SOL) Price Today

Solana price stood at $184.75, marking a 24-hour jump of 6.78 percent. As per WazirX, SOL price in India stood at Rs 15,313.75. 

Top Crypto Gainers Today (May 21)

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 21)

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 hovered to $71,000 level with increasing inflows into the Bitcoin spot ETFs. It surged above the $68,000 level for the first time in more than five weeks. BTC is facing resistance at the $71,850 and then $73,777 and support lies at the $68,850 level. On the other hand, Ethereum also surged above its resistance level at $3,500 level after the hopes of Ethereum ETFs increased with the recent SEC move. The global crypto market cap also rose to $2.61 Trillion seeing nearly 9% increase in the past 24 hours. Overall, there is a positive sentiment in the market.”

CoinSwitch Markets Desk noted, “Bitcoin yesterday jumped more than 6% on international exchanges as 70k USD was breached fairly easily by the bulls only to reach the resistance of 72k USD after 40 days. This jump however was led by ETH which jumped more than 15% as ETH gains surpassed BTC by distance after a really long time. The major reason for ETH ‘s rise could be attributed to the Ethereum ETF deadline, which is the 23rd of May. While many analysts were predicting that it is highly unlikely for an ETH ETF to be approved, the probability of an ETF approval suddenly jumped from 25% to 75% by Bloomberg analyst Eric Balchunas. This happened as SEC asked aspiring ether ETF exchanges to update 19b-4 filings ahead of the 23rd May deadline. However it is still unlikely that the ETH ETF will be approved this week itself – the SEC seems to be moving in a positive direction, and that is what has triggered the market.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin defied expectations with a surprise 6% jump in the last 24 hours, fueled by renewed buying pressure and a renewed spike in inflows into spot Bitcoin ETFs. This bullish sentiment marks a sharp turnaround from yesterday’s scepticism, which stemmed from Bitcoin’s historical tendency to consolidate around this time. The token has been hovering between $60,000 and $70,000 for the past two months, a typical characteristic of a stabilisation phase. Analysts are now identifying potential resistance levels at $71,632.47 and $72,110.41, which could signal the start of a post-halving rally. However, some volatility is still expected during this breakout phase. Bitcoin could see a dip towards $68,000, aligning with the 50% Fibonacci retracement level.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “In the last 24 hours, BTC and ETH showed tremendous upside moves as news emerged of the SEC requesting updates on filings, and Bloomberg analyst reported that ETH ETF approval odds increased to 75%. BTC crossed the $71,000 mark, and ETH surpassed $3,700, outperforming BTC. Technically, BTC now has one last level to clear, around $73,700. Above that, it would enter price discovery mode. Currently, BTC looks highly bullish and might consolidate a bit here, which could allow altcoins to shine.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin witnessed a mega rally on Monday as it crossed the $71,000 mark during the trading day. Investors gave a much-needed boost to BTC after the reports of big names like Morgan Stanley, JPMorgan, Wells Fargo, UBS, BNP Paribas, Royal Bank of Canada and hedge funds like Millennium Management and Schonfeld Strategic Advisors revealed their large Bitcoin ETF holdings. Bitcoin could test the $74,000 level in the coming weeks if the current momentum continues. The euphoria around Bitcoin Pizza Day tomorrow may add to the already buoyant investor sentiment.” 

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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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