Cryptocurrency Prices Today, October 16: Wednesday's market action sparked global speculation. While Bitcoin (BTC) price broke through the $67,000 mark in the past day, top altcoins were mostly volatile. In addition, Litecoin (LTC) and Chiliz (CHZ) prices rose 4%-7%, becoming the biggest gainers of the day.


Meanwhile, the global cryptocurrency market capitalization rose by 1.16% to $2.32 trillion. Moreover, the total market volume surged by 15% to $107.3 billion yesterday. Here is a brief report on some of the top cryptocurrencies by market capitalization and their price action on October 16.


Cryptocurrency Prices Today: BTC Rises, ETH, SOL, and XRP Are Volatile


BTC price has broken the $67,000 mark, having surged in the past 24 hours. However, ETH, SOL, and XRP prices are trading in the red zone today. Meanwhile, LTC and CHZ are leading the broader market higher. Interestingly, the recent price gains have caught the attention of global market watchers given the upcoming US presidential election in November.


1. Today's Bitcoin Price


The BTC price chart shows that its value has increased by nearly 3% and is currently trading at $67,125. Its intraday low and high were $64,809.20 and $67,881.68 respectively. The market capitalization of Bitcoin reached $1.33 trillion today.


This upward movement is consistent with the continued inflow of ETFs. Sosovalue data shows that the inflow of spot BTC ETFs is $371.02 million as of October 15. Meanwhile, the market dominance of the flagship cryptocurrency is 57.42%, up 0.75% from yesterday.


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2. Ethereum price today


Meanwhile, ETH price has shown highly volatile movement, with the token mostly in the red zone over the past day. ETH price remains at $2,617, down nearly 0.1% over the past 24 hours. The token’s intraday low and high were $2,537.94 and $2,685.17, respectively.


Ethereum’s market cap remains at $315.43 billion today. Sosovalue data shows that spot Ethereum ETFs recorded $12.7 million in outflows, in line with the token’s volatile trend.


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3.Solana Price Today


The cryptocurrency SOL fell nearly 1% today to $154. The coin’s intraday low and high were $150.91 and $158.72, respectively.


Solana’s market cap is $72.53 billion at press time. The token’s decline comes despite Grayscale’s application to convert the SOL Trust into an ETF. The application also includes converting the AVAX and XRP Trusts into ETFs.


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4. XRP Price Today


Subsequently, XRP price saw a sharp decline, down about 1% from yesterday to $0.5432. The token’s intraday low and high were $0.5327 and $0.5496, respectively. As Ripple CLO focuses on the next step of the XRP lawsuit, cryptocurrency market enthusiasts speculate on the future trend of the token.


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5. The price of Dogecoin (DOGE) has increased by nearly 0.2% over the past day and is currently trading at $0.1165.


However, the price of Shiba Inu (SHIB) fell nearly 1% from yesterday to $0.00001819. Even Pepe Coin (PEPE), dogwifhat (WIF), and Bonk fell by 3%-6%.


The cryptocurrency prices with the highest increase today


1.LTC

The LTC price has surged by about 7% in the past 24 hours and is currently trading at $71.64. The coin’s intraday low and high prices were $65.56 and $72.85, respectively.


2. CHZ 

The CHZ price has increased by nearly 4% in the past 24 hours and currently stands at $0.08161. The coin’s intraday low and high were $0.07733 and $0.08305 respectively.


3.BEAM

BEAM price has increased by about 4% in the past day and is currently trading at $0.01721. The coin’s intraday low and high were $0.01594 and $0.01785 respectively.


Cryptocurrencies with the biggest price drops today


1.ABOUT

The price of SUI has fallen by 10% over the past day and is currently trading at $2. The token’s 24-hour low and high prices were $1.99 and $2.26, respectively.


2.BRETT

BRETT’s price is up 7% from yesterday and is trading at $0.1046. The token’s intraday low and high were $0.1037 and $0.1159 respectively.


3. The first Neiro on Ethereum

NEIRO’s price has fallen by 7% over the past day and is currently trading at $0.001974. The token’s intraday low and high prices were $0.001905 and $0.0023, respectively.


Additionally, the hourly chart continues to fuel investor speculation on cryptocurrency prices today, showing a mixed trajectory. While BTC prices fell 0.03%, ETH rose 0.08%, sparking discussions among traders and investors about future trends.