Bitcoin (BTC), the oldest and the most valued cryptocurrency in the world, managed to rise above the $26,000 mark early Tuesday after a brief slump. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — managed to land in the greens across the board. The SUI token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 18 percent. Rocket Pool (RPL), on the other hand, became the top loser, with a 24-hour dip of nearly 5 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour jump of 1.17 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,060.40, registering a 24-hour gain of 0.99 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.60 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,746.64, marking a 24-hour jump of 0.61 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.58 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.99 percent, as per CoinMarketCap data, currently priced at $0.06186. As per WazirX, Dogecoin price in India stood at Rs 5.64.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.52 percent. At the time of writing, it was trading at $78.21. LTC price in India stood at Rs 7,007.01.
Ripple (XRP) Price Today
XRP price stood at $0.5266, seeing a 24-hour jump of 2.27 percent. As per WazirX, Ripple price stood at Rs 47.15.
Solana (SOL) Price Today
Solana price stood at $15.35, marking a 24-hour gain of 1.11 percent. As per WazirX, SOL price in India stood at Rs 1,428.
Top Crypto Gainers Today (June 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Price: $0.705924-hour gain: 18.36 percent
Price: $3.6824-hour gain: 9.74 percent
Terra Classic (LUNC)
Price: $0.0000939324-hour gain: 9.73 percent
Price: $4.3124-hour gain: 7.23 percent
Price: $45.2224-hour gain: 6.95 percent
Top Crypto Losers Today (June 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Rocket Pool (RPL)
Price: $41.2524-hour loss: 4.88 percent
Price: $0.0398724-hour loss: 3.70 percent
Price: $98.8124-hour loss: 2.90 percent
Price: $0.869624-hour loss: 2.56 percent
Price: $2.2624-hour loss: 2.08 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, most cryptocurrencies have gained decent values ahead of the release of May’s Consumer Price Index (CPI) data, scheduled for today. Bitcoin traded at the $26,000 level over the weekend following the low at $25,675. Currently, bulls are trying to break through the resistance level at $26,300. However, the prevailing market sentiment remains predominantly bearish. Investors are keeping a close eye on the US Federal Reserve’s forthcoming interest rate decision, scheduled for tomorrow. Meanwhile, Ethereum has continued to trade below the $1,800 threshold.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The top 10 cryptos by market capitalisation seem to be trading in the green, with TRX (+3.2 percent) replacing SOL (+2.0 percent) for the 10th position. BTC continues to trade above the crucial support of $25,000, even as bears take over altcoins. ETH continues to trade above $1,700, up 1.1 percent in the last 24 hours. Meanwhile, MATIC (+3.6 percent) has shown some strength as it announced its V2 plans amidst selling pressure from various US brokers.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin flirted with $26,000 before retreating below, currently trading at $25,850 with a 1 percent dip in 24 hours. US SEC lawsuits against crypto exchanges, inflation worries, and upcoming economic indicators have investors eagerly awaiting the May CPI and Fed’s interest rate decision. On WazirX, Cream Finance (CREAM) and Enjin (ENJ) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder, Unocoin said, “The price of Bitcoin is currently $25,806 and is experiencing a minor 1 percent decline. It has a 24-hour trading volume of $11.4 billion and a market capitalisation of $500.6 billion. Technical analysis shows Bitcoin facing resistance at $26,180 and finding support near $25,400. The market is consolidating within this range and a breakout will determine the next move. Candlestick patterns indicate investor indecision supported by oscillators such as RSI and MACD. The 50-day EMA acts as resistance at $25,900. The descending triangle pattern suggests bearish sentiment and if the $25,400 support is breached, selling pressure may increase with support levels at $24,950, $24,700 or $24,400.”
CoinDCX Research Team told ABP Live, “The total crypto market cap gained 0.43 percent to $1.06 trillion in the last 24 hours, while daily trading volume dropped 6 percent to $29.3 billion. An interesting development that has been observed is the significant shift of over 50 percent of BTC reserves on exchanges outside the United States. This trend can be attributed to the prevailing regulatory uncertainty within the country. According to CryptoQuant, BTC reserves on US-based crypto exchanges have declined to levels last seen in 2017, as more firms and assets seek refuge in non-US platforms. Ether (ETH), the second-largest crypto by market capitalisation, has also experienced a steady decrease in reserves. Approximately 56 percent of ETH held on crypto exchanges can now be found outside the United States.”
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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.