Cryptocurrency Price Today (July 16): Bitcoin Rises Above $118,000, ENS Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $118,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the green across the board as the overall Market Fear & Greed Index stood at 68 (Greed) out of 100, as per CoinMarketCap data. Ethereum Name Service (ENS) became the biggest gainer of the lot, with a 24-hour jump of nearly 18 percent. Fartcoin (FARTCOIN) on the other hand, became the biggest loser, with a 24-hour dip of nearly 6 percent.
The global crypto market cap stood at $3.73 trillion at the time of writing, registering a 24-hour jump of 1.18 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $118,027.33, registering a 24-hour jump of 0.62 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 1.04 crore.
Ethereum (ETH) Price Today
ETH price stood at $3,144.03, marking a 24-hour gain of 6 percent at the time of writing. Ethereum price in India stood at Rs 2.61 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 3.56 percent, as per CoinMarketCap data, currently priced at $0.1980. Dogecoin price in India stood at Rs 17.56.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.69 percent. At the time of writing, it was trading at $95.95. LTC price in India stood at Rs 8,347.30.
Ripple (XRP) Price Today
XRP price stood at $2.92, seeing a 24-hour jump of 1.95 percent. Ripple price in India stood at Rs 252.45.
Solana (SOL) Price Today
Solana price stood at $163.40, marking a 24-hour gain of 2.10 percent. SOL price in India stood at Rs 14,416.72.
Top Crypto Gainers Today (July 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Name Service (ENS)
Price: $26.07
24-hour loss: 17.70 percent
Pump.fun (PUMP)
Price: $0.006537
24-hour gain: 10.68 percent
Curve DAO Token (CRV)
Price: $0.7719
24-hour gain: 9.96 percent
Bonk (BONK)
Price: $0.00003129
24-hour gain: 8.19 percent
Optimism (OP)
Price: $0.7
24-hour gain: 8.12 percent
Top Crypto Losers Today (July 16)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Fartcoin (FARTCOIN)
Price: $1.19
24-hour loss: 5.51 percent
Four (FORM)
Price: $3.11
24-hour loss: 4.38 percent
Pi (PI)
Price: $0.4452
24-hour loss: 2.04 percent
UNUS SED LEO (LEO)
Price: $8.84
24-hour loss: 1.76 percent
Mantle (MNT)
Price: $0.7078
24-hour loss: 1.48 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is consolidating near $117,000 following a procedural setback for crypto-related legislations in the U.S. Despite this, the broader market remains bullish, with Ethereum trading at a 5-month high above $3,100. Steady ETF inflows and over 545,000 ETH accumulated by corporate treasuries in the past month helped maintain the uptrend. Market focus now shifts to the U.S. PPI data due today. A softer-than-expected print could revive bullish momentum and push BTC above $120,000, while a higher reading may lead to a retest of the $115,000 support zone.”
CoinSwitch Markets Desk noted, “Crypto markets paused after a + ~33% rally in Bitcoin, as profit-taking kicked in: BTC pulled back around 5%, trading near $117,000, while long liquidations exceeded $333 million and Ether saw roughly $113 million in forced exits. Ethereum hovered around $3,013, holding steady amid upbeat commentary from EMJ Capital, which reiterated its bullish thesis that ETH could reach $10,000 in this cycle thanks to staking ETF approvals, deflationary protocols, and institutional interest. Among altcoins, XRP tumbled from $3.02 to $2.78, as institutions de-risked ahead of the ProShares XRP futures ETF launch, though a late-session rebound hinted at re-entry near $2.87.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s sharp $6,000 decline is a textbook case of healthy profit-taking after an extended rally that pushed prices past $123,000. With over $1.5 billion in realised profits by large holders—potentially up to $3.5 billion across all investor categories—the market was clearly primed for a pullback. A stronger-than-expected CPI print also acted as a macroeconomic headwind, dampening risk appetite. Additionally, the surge in FOMO-driven retail activity, reflected in a spike in social dominance above 43%, signalled overheated sentiment.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading around $117,500, showing strong bullish momentum backed by institutional ETF inflows exceeding $14.8 billion in 2025. The recent breakout above $110K–$123K resistance indicates a continuation toward $130K–$135K, with RSI levels supportive but not overbought. Key drivers include post-halving supply shock, expected Fed rate cuts, and advancing U.S. crypto regulation bills. Analysts forecast BTC to hit $150K–$200K by year-end, with long-term projections reaching $500K. However, risks like regulatory delays and macro shocks remain. Overall, Bitcoin’s trend remains upward, with healthy consolidation and renewed buying interest likely supporting further price appreciation in the coming months.”
CoinDCX Research Team noted, “Bears continue tohold a tight grip over the markets as Bitcoin price faces a continued bearish pressure, while bulls hold $117,000 support range. Besides, the other popular altcoins do not appear to have moved much as they remain stuck around the gained levels. Regardless of this, the momentum and the sentiments of the markets is bullish and hence the cryptos are believed to rise again. Among the top gainers are Ethereum Name Service (ENS) with iver 18% jump, followed by Bonk with 15.5% and Pump.fum by 15%. The losers for the day include Fartcoin with a drop of 3.22%, Four by 2.78% and UNUS SED LEO by close to 2%.”
Srinivas L, CEO, 9Point Capital, said, “Bitcoin continues to hold its bullish structure despite minor pullbacks, which we view as healthy pauses in a broader uptrend. Strong institutional demand and improving regulatory clarity support the long-term thesis. We expect BTC to consolidate above key support levels before targeting the $125K–$127K rang . Investors should continue to adopt a disciplined buy-the-dip approach.”
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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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