Crypto Prices Today July 16: BTC Touches $64K High, ETH Nears $3,500 Amid Broader Uptrend

Coingapestaff
July 16, 2024
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Crypto Market Today (Feb 11): BTC & Altcoins Jump Ahead of US CPI & PPI

Highlights

  • Bitcoin continues to pump, reclaiming a break above $64K.
  • Ethereum follows with an upside movement, nearing $3,500.
  • The altcoin market mimics the uptrend.

The crypto prices today have continued generating a torrent of optimism across the industry as Bitcoin (BTC) briefly topped the $64k mark, maintaining its pump. Meanwhile, Ethereum (ETH) soared non-stop to surpass $3,400, followed by top altcoins experiencing a rising price action.

The global crypto market cap saw a significant 3.46% increase over the past day to reach $2.37 trillion. Further, the total crypto market volume from yesterday saw a rise of 45.47% to $84.28 billion.

Here’s a brief collection of the top crypto prices today, July 16.

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Top Crypto Prices Today

Bitcoin Price

BTC price saw a remarkable 3.48% upswing over the past day to reach $64,699.51. The token’s 24-hour lows and highs were recorded as $62,340.12 and $64,888.94, illustrating a move towards $65K.

This remarkable increase in value comes against the backdrop of continued ETF inflows. Data by Soso Value shows $301.4 million in inflows in BTC ETFs as of July 15.

Bitcoin’s dominance stood at 53.82%, a slight 0.02% dip from yesterday, hinting that the altcoin market undermined Bitcoin’s gains. Simultaneously, Japan’s Metaplanet has once again sent tongues wagging, announcing plans to purchase an additional 21.8 BTC for ¥200 million.

BTC Price July 16

However, the token appears to have encountered some volatility as it slipped to $63,884 as the day longed.

Ethereum Price

Meanwhile, the ETH price noted gains of 4.19% over the past day to reach $3,462,75. Ethereum’s 24-hour bottoms and highs were $3,323.41 and $3,498.22, respectively.

Notably, institutional market data provider Kaiko has recently revealed that Ethereum may outperform Bitcoin after spot ETF approval, CoinGape Media reported. Collectively, the market stats have birthed significant market optimism on the crypto.

ETH Price July 16

Solana Price

Simultaneously, SOL price witnessed a 4.16% gain in value to reach $157.98 today. Solana’s 24-hour bottoms and tops were recorded as $150.96 and $159.94, respectively.

Crypto SOL price July 16

XRP Price

The XRP price continued gaining unprecedently today, up 7.73% to $0.5675. The Ripple-backed asset’s 24-hour bottoms and peaks were $0.5241 and $0.5678, respectively.

Crypto XRP price July 16

DOGE & SHIB Prices

Dogecoin (DOGE) pumped 6.49% in value to reach $0.1254, whereas Shiba Inu (SHIB) surged 9.91% to rest at $0.00001988.

Notably, Pepe coin (PEPE), dogwifhat (WIF), and FLOKI emerged among the day’s top gainers.

Also Read: 10.6 Years Dormant Bitcoin Address With 7,597% Gain Is Back

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Top Crypto Gainers Today

Pepe coin (PEPE) price rallied 25.40% to reach $0.0000122.
dogwifhat (WIF) price surged 22.57$ to rest at $2.18.
Floki Inu (FLOKI) price rallied 22.41% to $0.0001884.
Brett (BRETT) price upsurged 19.87% to $0.147

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Top Crypto Losers Today

TRON (TRX) price dipped 1.61% to $0.136
Aave (AAVE) price slipped 0..78% to $103.82.
Polkadot (DOT) price tumbled 0.57% to $6.48.
Immutable (IMX) price fell 0.38% to $1.49

However, the hourly time frame charts illustrated that BTC and ETH traded in the red zone, slipping 0.51% and 0.49%, respectively. Also, altcoins mainly mirrored this waning price action during the same time frame, birthing investor speculations on the crypto prices today.

Also Read: MAGA VP (MVP) Rallies 5% As Trump Announces Senator J.D Vance For VP

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.