Bitcoin Rises Above $103,000, Story Becomes Biggest Gainer
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $103,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as the overall Market Fear & Greed Index stood at 69 (Greed) out of 100, as per CoinMarketCap data. Story (IP) became the biggest gainer, with a 24-hour jump of nearly 8 percent. WIF turned out to be the biggest loser today, with a 24-hour dip of nearly 12 percent.
The global crypto market cap stood at $3.33 trillion at the time of writing, registering a 24-hour jump of 0.23 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $103,971.19, registering a 24-hour gain of 1.02 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 87.97 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,566.12, marking a 24-hour dip of 0.83 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 4.18 percent, as per CoinMarketCap data, currently priced at $0.2249. Dogecoin price in India stood at Rs 20.63.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.42 percent. At the time of writing, it was trading at $100.55. LTC price in India stood at Rs 8,599.48.
Ripple (XRP) Price Today
XRP price stood at $2.40, seeing a 24-hour dip of 4.91 percent. Ripple price in India stood at Rs 203.49.
Solana (SOL) Price Today
Solana price stood at $171.73, marking a 24-hour loss of 1.82 percent. SOL price in India stood at Rs 14,724.39.
Top Crypto Gainers Today (May 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Story (IP)
Price: $4.91
24-hour gain: 7.54 percent
Bitget Token (BGB)
Price: $5.05
24-hour gain: 6.70 percent
Hyperliquid (HYPE)
Price: $26.63
24-hour gain: 6.57 percent
KuCoin Token (KCS)
Price: $11.98
24-hour gain: 5.68 percent
Pendle (PENDLE)
Price: $04.26
24-hour gain: 4.96 percent
Top Crypto Losers Today (May 16)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
dogwifhat (WIF)
Price: $1.01
24-hour loss: 11.35 percent
Aptos (APT)
Price: $5.39
24-hour loss: 6.63 percent
Celestia (TIA)
Price: $2.79
24-hour loss: 6.52 percent
Optimism (OP)
Price: $0.7616
24-hour loss: 6.26 percent
The Sandbox (SAND)
Price: $0.3258
24-hour loss: 5.78 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is gaining momentum, trading above $104,200 amid strong institutional inflows. Bitcoin spot ETFs recorded nearly $320 million in net inflows, highlighting continued demand. Market sentiment was further lifted by JPMorgan’s prediction that Bitcoin could offer more upside potential than gold in H2. BTC now eyes resistance at $105,600, with support at $102,000. Meanwhile, Solana is back in focus as Glassnode data shows a shift to positive 30-day capital inflows after months of outflows, signalling renewed investor interest and positioning for further upside in the SOL ecosystem.”
CoinSwitch Markets Desk noted, “BTC has continued to trade within a range between the $101,700 support and $104,800 resistance levels, maintaining its position above the critical $100K mark for the seventh consecutive day. BTC ETFs recorded outflows totaling $295 million. In regulatory developments, XRP dropped over 6% after the U.S. District Court denied a joint motion by the SEC and Ripple Labs, refusing to lift an injunction and reduce a $125 million civil penalty. Meanwhile, MoonPay partnered with Mastercard to enable crypto users to make transactions using Tether’s USDT stablecoin, signaling further integration of stablecoins into mainstream payments.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The recent correction across crypto markets reflects a classic case of overextension following heightened optimism. While Bitcoin briefly soared past $105,000 on the back of macroeconomic developments, the inability to sustain those gains shows the market’s sensitivity to resistance levels and investor caution. Altcoins have borne the brunt of the pullback, with high-beta assets like PI experiencing sharp declines amid shifting sentiment post-ecosystem updates. As always, volatility remains a core characteristic of this asset class, and such corrections often create opportunities for disciplined investors.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is surging near $104,000, backed by softer U.S. inflation and rising hopes of Fed rate cuts. This isn’t hype—it’s accumulation. Whales are quietly scooping supply while retail still doubts the rally. With resistance at $106K and support holding firm at $98K, BTC is setting the stage for a potential breakout toward $110K. Exchange balances remain low, and long-term holders aren’t budging. Every dip is being absorbed fast—an early sign of bullish exhaustion from sellers. As macro tailwinds build, Bitcoin isn’t just a trade—it’s becoming a hedge. This calm phase may erupt soon. Smart money is already in position.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market is experiencing notable developments, with Bitcoin (BTC) leading the charge. BTC has surpassed $104,000, driven by increased institutional interest and the establishment of the U.S. Strategic Bitcoin Reserve. For instance, Hong Kong-based Avenir has expanded its position in BlackRock’s Bitcoin ETF to $688 million. If the current momentum continues, we can expect the next rally in the broader crypto market sooner than expected.”
CoinDCX Research Team noted, “The crypto markets are consolidating above the gains as Bitcoin’s price repeats the pattern it was stuck in the last week of April. The price has climbed above $104K, while the volume has remained stable for the past few weeks. Besides, the altcoins are also manifesting enormous strength as they hold above the pivotal range. The top gainers for the day are Hyperliquid (HYPE) with a 7.64% rise, Story (IP) with a 6.34% increase, and Bitget Token (BGB) with over 6%. Besides, dogwifhat (WIF) price drops by over 10%, while Optimism (OP), Celestia (TIA), and Aptos (APT) plunge by over 6% each.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.