Markets
Bitcoin Surges Above $62,000 After Donald Trump Assassination Attempt
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $62,000 mark over the weekend, recovering from losses seen last week. The assassination attempt on pro-crypto presidential candidate Donald Trump is widely believed to have severely influenced investor sentiments. Other popular altcoins — including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — fell into the green across the board as the overall Market Fear and Greed Index stood at 40 (Neutral) out of 100, according to data from CoinMarketCap. The PENDLE token emerged as the biggest gainer with a 24-hour jump of over 14%. Fantom (FTM) became the biggest loser with a 24-hour drop of over 1%.
The global cryptocurrency market cap was $2.29 trillion at the time of writing, recording a 3.80% gain in 24 hours.
Bitcoin (BTC) Price Today
Bitcoin price stood at $62,713.45, registering a 4.64% gain in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 55.33 lakh.
Ethereum (ETH) Price Today
The price of ETH stood at $3,333.88, marking a 4.17% jump in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 2.96 lakh.
Dogecoin (DOGE) Price Today
DOGE has recorded a 24-hour gain of 3.92 percent, according to data from CoinMarketCap, currently priced at $0.118. According to WazirX, the Dogecoin price in India stood at Rs 10.58.
Litecoin (LTC) Price Today
Litecoin saw a 0.71% jump in 24 hours. At the time of writing, it was trading at $70.55. The LTC price in India was at Rs 6,194.45.
Ripple (XRP) Price Today
XRP price stood at $0.5306, up 2.40 percent in 24 hours. According to WazirX, Ripple price stood at Rs 46.92.
Solana (SOL) Price Today
Solana price stood at $152.05, marking a 4.88 percent gain in 24 hours. According to WazirX, the SOL price in India stood at Rs 13,460.
Top Crypto Gainers Today (July 15)
According to data from CoinMarketCap, here are the top five cryptocurrency gainers in the last 24 hours:
Hang (PENDLE)
Price: $4.38
24 hour gain: 14.40 percent
Synthetic (SNX)
Price: $1.91
24 hour gain: 11.79 percent
Stacks (STX)
Price: $1.87
24 hour gain: 10.55 percent
Immutable (IMX)
Price: $1.48
24 hour gain: 9.72 percent
JasmyCoin (JASMY)
Price: $0.02669
24 hour gain: 8.79 percent
Top Crypto Losers Today (July 15)
According to data from CoinMarketCap, here are the five biggest losses in the crypto sector in the last 24 hours:
Fantom (FTM)
Price: $0.4927
Loss of 24 hours: 1.55 percent
Notcoin (NO)
Price: $0.01536
Loss of 24 hours: 0.60 percent
Internet Computer Protocol (ICP)
Price: $8.81
Loss of 24 hours: 0.45 percent
Trom (TRX)
Price: $0.1383
Loss of 24 hours: 0.37 percent
MultiversX (EGLD)
Price: $35.60
Loss of 24 hours: 0.17 percent
What Cryptocurrency Exchanges Are Saying About the Current Market Landscape
Mudrex co-founder and CEO Edul Patel told ABP Live: “Over the weekend, Bitcoin surged to $62,000 as Donald Trump’s chances of reclaiming the White House in November increased, pushing BTC price higher. The next key level to watch is $64,125, with support at $61,500. Meanwhile, Ethereum outperformed Bitcoin in weekly gains with a surge above $3,300. Market participants are also optimistic about the expected approval of Ether spot ETFs this week, which could boost interest in Ethereum.”
CoinSwitch Markets Desk noted: “Bitcoin is currently priced above $62,000, experiencing a surge following an assassination attempt on former U.S. President Donald Trump. The incident significantly influenced market sentiment, as Trump’s chances of winning the 2024 election have increased to 70%, according to multiple analysts. Trump’s pro-crypto stance, emphasizing the protection of individuals’ rights to own crypto assets, has further fueled positive sentiment within the crypto community. This has propelled Bitcoin’s price from a recent low of $53,000.”
Rajagopal Menon, Vice President of WazirX, said, “The crypto market valuation increased by 2.88% following the incident as Bitcoin prices crossed $60,000 for the first time in ten days. The memecoin MAGA (TRUMP), the cryptocurrency associated with Trump, saw a notable surge of over 30%. Crypto markets are also relieved by the news that Germany has finished selling its Bitcoin. So, overall, these are interesting developments based on momentum and voter sentiment, but BTC would need stronger factors to back its price rise.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin surged 4% to $60,300 following the assassination attempt on former US President Donald Trump, amid bullish sentiment linked to Trump’s pro-crypto stance. Analysts are speculating on a potential market backlash to Trump’s election victory, fueled by support from the likes of Elon Musk. Bitcoin is currently trading at $60,787, showing signs of a bullish reversal with whale accumulation and positive technical indicators. A sustained break above $64,602 is crucial to confirm the bullish momentum; failure to do so could result in repeated support tests. In the near term, Bitcoin could range between $61,000 and $62,000, potentially breaking above $63,000 or returning to $55,000. Market stability depends on geopolitical developments and investor sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market had an inspiring weekend as BTC crossed the $62,000 mark, which is a jump of almost 5% from the previous day. Ethereum, which usually follows BTC’s lead, also jumped by similar percentage points and is changing hands at the $3,336 level. The Trump shooting incident seems to have boosted his re-election chances. As Trump has made pro-crypto statements in the past, the digital asset market is reacting positively to this development. The selling pressure in the crypto market is easing and we can expect the current momentum to sustain in the coming weeks.”
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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 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 document(s) along with relevant related literature before making any investment. Cryptocurrency Market forecasts are speculative and any investment made will be at the sole risk of the readers.