Cryptocurrency price on July 16: Bitcoin holds at $63,000 level, Altcoins trade mixed
Dogecoin, and Shiba Inu recorded gains, trading up to 3% higher. Conversely, Toncoin, Cardano, Tron, Avalanche, and Polkadot saw losses, trading down by up to 4%.
Despite this, the global cryptocurrency market cap increased marginally by 0.12% to around $2.31 trillion in the last 24 hours.
Bitcoin was up 0.07% at $62,957 as of 11:59 a.m. IST, while Ethereum remained above the $3,350 level. Earlier in the day, Bitcoin briefly reached $65,000 following an incident involving Donald Trump, which increased the chances of his potential win in the US presidential election. This development is seen as positive for the crypto space, as Trump is a known crypto supporter.
«Bitcoin surged past $65,000 as Donald Trump's chances of winning the upcoming November election improved, boosting BTC's price. The market also gained optimism from the news that spot Ether ETFs will start trading next Tuesday,» said Edul Patel, CEO of Mudrex.
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View Details»CoinSwitch Markets Desk, said, «BTC bounce back post Trump's assassination attempt continues as BTC posted a third straight
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