Cryptocurrency Prices Today Oct 16: BTC Tops $67K, LTC & CHZ Up 4-7%

Cryptocurrency Prices Today, October 16: The broader market’s movement on Wednesday sparked mixed speculations globally. While Bitcoin (BTC) price topped the $67K level over the past day, top altcoins mainly illustrated a volatile movement. Besides, Litecoin (LTC) and Chiliz (CHZ) prices gained 4%-7%, emerging as the day’s top gainers.

Simultaneously, the global crypto market cap witnessed a 1.16% rise in value to $2.32 trillion. Further, the total market volume from yesterday soared 15% to $107.3 billion. Here’s a brief report on some of the top crypto by market cap and their price movements today, October 16.

Cryptocurrency Prices Today: BTC Gains While ETH, SOL, & XRP Turbulent

BTC price crossed the $67K mark, gaining considerably in the past 24 hours. But, ETH, SOL, and XRP prices traded in the red zone today. Simultaneously, LTC and CHZ lead the broader market’s gains. Intriguingly, the recent rising price actions, in light of the looming U.S. presidential elections set for November, have garnered noteworthy attention among market watchers globally.

Bitcoin Price Today

BTC price chart illustrated a nearly 3% gain in value and the coin is now trading at $67,125. Its intraday low and high were recorded as $64,809.20 and $67,881.68, respectively. Bitcoin’s market cap stood at $1.33 trillion today. This rising action falls in line with continued inflows in ETFs. Sosovalue data shows $371.02 million worth of inflows recorded in spot BTC ETFs as of October 15. Meanwhile, the flagship crypto’s market dominance stood at 57.42%, up 0.75% from yesterday.

Ethereum Price Today

Simultaneously, ETH price showcased a highly turbulent movement, with the coin dominantly in the red territory over the past day. ETH price rested at $2,617, down nearly 0.1% in the past 24 hours. The coin’s intraday low and high were $2,537.94 and $2,685.17, respectively. Ethereum’s market cap rested at $315.43 billion today. Sosovalue data indicated that spot Ethereum ETFs recorded $12.70 million in outflows, aligning with the coin’s turbulent movement.

Solana Price Today

The crypto SOL witnessed a nearly 1% drop in value today, reaching $154. The coin’s intraday low and high were $150.91 and $158.72, respectively. Solana’s market cap was recorded as $72.53 billion at press time. The coin falls despite Grayscale’s filing to convert SOL trust into an ETF. Meanwhile, the filing also includes converting AVAX and XRP trust into ETF.

XRP Price Today

XRP price followed with a tumbling movement, slipping roughly 1% from yesterday to reach $0.5432. The coin’s intraday low and high were recorded as $0.5327 and $0.5496, respectively. Crypto market enthusiasts speculate over the coin’s future movements as Ripple CLO spotlights the next steps in the XRP lawsuit.

Meme Coins Performance Today

Dogecoin (DOGE) price gained nearly 0.2% over the past day and is now trading at $0.1165. However, Shiba Inu (SHIB) price slipped nearly 1% from yesterday to $0.00001819. Even Pepe Coin (PEPE), dogwifhat (WIF), and Bonk prices waned by 3%-6%.

Top Cryptocurrency Gainer Prices Today

Litecoin

LTC price soared roughly 7% in the past 24 hours and is currently trading at $71.64. The coin’s intraday low and high were recorded as $65.56 and $72.85, respectively.

Chiliz

CHZ price gained nearly 4% over the past 24 hours and is resting at $0.08161. The coin’s intraday low and high were $0.07733 and $0.08305, respectively.

Beam

BEAM price gained roughly 4% over the past day and is trading at $0.01721. The coin’s intraday low and high were $0.01594 and $0.01785, respectively.

Top Cryptocurrency Loser Prices Today

SUI

SUI price tanked 10% over the past day and is now sitting at $2. The coin’s 24-hour low and high were $1.99 and $2.26, respectively.

Brett

BRETT price cracked 7% from yesterday to trade at $0.1046. The coin’s intraday low and high were $0.1037 and $0.1159, respectively.

First Neiro On Ethereum

NEIRO price tumbled 7% over the past day and is currently sitting at $0.001974. The coin’s intraday low and high were $0.001905 and $0.0023, respectively.

Besides, the hourly time frame charts continued to spark investors’ speculations over the cryptocurrency prices today, illustrating mixed trajectories. While BTC price waned by 0.03%, ETH gained by 0.08%, sparking discussions among traders and investors over future movements.

Cryptocurrency markets are trading relatively flat after a mid-day spike amid Donald Trump’s rising election odds.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$66,756.23	+1.2%
Ethereum ETH/USD	$2,584.21	-1.4%
Solana SOL/USD	$154.66	-0.6%
Dogecoin DOGE/USD	$0.1146	-0.7%
Shiba Inu SHIB/USD	$0.00001806	-0.8%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 73.8% and daily active addresses growing by 17.4%. Transactions greater than $100,000 are up from 5,104 to 9,217 in a single day. Exchanges netflows are down by 2,523%.
Coinglass data reports 97,280 traders were liquidated in the past 24 hours for $312.03 million. Crypto long liquidations of $169.4 million are the highest since Oct.2.

Notable Developments:

Top Gainers:

Cryptocurrency	Price	Gains +/-
cat in a dogs world MEW/USD	$0.008708	+8.4%
Fantom FTM/USD	$0.7717	+6.4%
Beam BEAM/USD	$0.01748	+6.3%

Trader Notes: With Bitcoin prices crossing the $66,000 mark, Smiley Capital said its time for “more bullish propaganda.” The trader pointed out a pattern that has held for the last three Bitcoin bull runs.

good afternoon it’s time for more bullish propaganda
you might not subscribe to 4 year cycles, but until they’re invalidated, I’m going to use them as confluence and there’s nothing you can do about it
Advertisement

for over a decade we have had an exact yearly pattern
what happens next? pic.twitter.com/TTravUqzwh
— 🙂 (@smileycapital) October 15, 2024

Crypto trader Ali Martinez noted that Bitcoin open interest across all exchanges peaked to a new all-time high of $19.75 billion. He added that this surge implies “big price moves ahead, with more capital on the line.” Coinglass data reported Bitcoin open interest of $37.3 billion, the highest since July 29.

Cold Blooded Shiller suggests that Bitcoin is approaching a critical battle zone on the weekly chart. Indicators on the Daily chart, such as the RSI at 67 show stalling momentum. If Bitcoin breaks above this level, it will confirm a shift in market momentum, signaling that bulls are in control.

The analyst predicts that if the market enters the “overbought” zone for the first time in 7 months, it could stay there for a while, potentially pushing Bitcoin to $100,000 and beyond. This shift would mark a significant technical breakout.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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The meme coin market is seeing a new contender rise in Mpeppe (MPEPE), an AI-driven cryptocurrency aimed at disrupting the decentralized gambling industry. As Mpeppe announces its upcoming listing on Bitmart in November 2024, it edges closer to dominating the meme coin space. This development comes at a critical time for Pepecoin (PEPE), a once-dominant force in the market that now finds itself at a crossroads.

Mpeppe’s (MPEPE) Bitmart Listing Marks a Turning Point

As Pepecoin (PEPE) struggles to regain its footing, Mpeppe (MPEPE) is gaining momentum. Its upcoming Bitmart listing has made waves in the cryptocurrency community, positioning Mpeppe as a serious contender in the meme coin market. The listing is expected to bring increased visibility and liquidity to Mpeppe, offering investors a chance to capitalize on its growth before prices surge.

Mpeppe’s focus on AI-driven gambling sets it apart from other meme coins, including Pepecoin (PEPE), which primarily rely on community hype. With its decentralized gambling platform, Mpeppe (MPEPE) provides a real-world use case that appeals to a broader audience of investors. This utility, combined with the upcoming Bitmart listing, gives Mpeppe (MPEPE) a significant edge in the race for meme coin dominance.

Pepecoin (PEPE) Struggles with Investor Confidence

Pepecoin (PEPE) is no stranger to the highs and lows of the cryptocurrency market. Having soared to prominence in 2023, it captivated investors with its rapid price increases and strong community backing. However, recent events have shaken investor confidence. A high-profile phishing attack in mid-October saw a trader lose $1.28 million in PEPE and other altcoins, highlighting the security vulnerabilities that plague the PEPE ecosystem.

Blockchain security firms, including PeckShield, have pointed out that phishing attacks targeting Pepecoin (PEPE) holders have become increasingly common. In this case, the attacker used Inferno Drainer, a phishing-as-a-service tool responsible for stealing over $237 million in assets from more than 200,000 victims. This kind of attack has not only impacted individual investors but has also contributed to a broader sense of unease among the PEPE community.

Will Pepecoin (PEPE) Hold Its Ground?

Despite these challenges, Pepecoin (PEPE) still has a strong community and a significant market presence. However, it is clear that the coin is at a critical juncture. Crypto analysts have warned that PEPE’s future is uncertain, with some predicting further price declines if the current security issues are not addressed. The growing popularity of coins like Mpeppe (MPEPE) only adds to the pressure on Pepecoin (PEPE) to innovate and regain the confidence of its investors.

As Mpeppe (MPEPE) continues to build momentum ahead of its Bitmart listing, Pepecoin (PEPE) may need to evolve to keep pace. While PEPE’s community remains loyal, the increasing competition from coins with real-world applications like Mpeppe (MPEPE) could signal a shift in the meme coin landscape.

Conclusion

With Mpeppe’s (MPEPE) Bitmart listing fast approaching, the race for meme coin dominance is heating up. Pepecoin (PEPE), once a leader in the space, now faces challenges from newer, utility-driven coins like Mpeppe (MPEPE). The AI-powered gambling platform that Mpeppe offers, combined with its strong presale performance, puts it in a prime position to capture a larger share of the market. As Pepecoin (PEPE) grapples with security concerns and investor uncertainty, Mpeppe (MPEPE) is emerging as a serious contender for meme coin supremacy.

For more information on the Mpeppe (MPEPE) Presale:
Visit Mpeppe (MPEPE)
Join and become a community member:
https://t.me/mpeppecoin
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Memecoins made full use of the return of bullish sentiment on Monday, with the less established ones topping the biggest market gainers list.

What happened: Solana SOL/USD-based BOOK OF MEME pumped over 28% to become the best-performing cryptocurrency in the last 24 hours.

The token spiked to levels not seen since July 30, with trading volume surging over 68% to $702.34 million.

Cryptocurrency	Gains +/-	Price (Recorded at 11:30 p.m. EDT)
BOOK OF MEME (BOME)	+28.76%	$0.01099
Cat in a dogs world (MEW)	+22.00%	$0.008811
Bonk BONK/USD	+10.04%	$0.00002346

.Cat-themed memecoin cat in a dogs world occupied the second spot in the biggest 24-hour gainers list after a 22% surge. The coin’s trading volume nearly doubled over the last 24 hours, indicating high buying pressure.

Yet another Solana-based token, Bonk, bounced 10%, becoming the best-performing billion-dollar capitalization meme coin in the 24-hour period.

See Also: Mark Cuban Defends Kamala Harris’ Crypto Knowledge, Appears To Take Dig At Trump For Selling Tokens And Merchandise: ‘Unlike Your Guy, She Doesn’t Pretend’

Blue-chip currencies such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD also saw decent gains, rising 3.78% and 3.13%, respectively.

Overall, the total meme coin market capitalization rose over 6% in the last 24 hours.

The upsurge followed a broader market rally that saw market bellwether Bitcoin BTC/USD surge over 5% to hit levels not seen since late July.

Photo by stockphoto-graf on Shutterstock

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