Ethereum (ETH) price managed to rally above the $1,300 mark as the broader crypto market started to see a rally this week. Bitcoin (BTC), the world’s oldest cryptocurrency, held above $17,000 early Tuesday morning. Other popular altcoins, including Dogecoin (DOGE), Ripple (XRP), and Solana (SOL), saw a mix of gains and losses across the board. The Aptos (APT) token became the top gainer of the batch, gaining more than 24 percent in 24 hours.
The global crypto market capitalization stood at $848.99 billion at the time of writing, recording a 24-hour drop of 0.01 percent.
Bitcoin (BTC) price today
The Bitcoin price stood at $17,208.06, posting a 24-hour gain of 0.11 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 14.67 lakhs.
Ethereum (ETH) price today
ETH price sat at $1,323.12, marking a 24-hour gain of 0.97 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.11 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour drop of 0.03 percent, according to data from CoinMarketCap, currently trading at $0.0755. According to WazirX, the Dogecoin price in India was Rs 6.50.
Litecoin (LTC) price today
Litecoin posted a 24-hour loss of 1.04 percent. At the time of writing, it was trading at $81.06. The LTC price in India stood at Rs 6,801.39.
Ripple Price (XRP) Today
XRP price stood at $0.3476, with a 24-hour drop of 1.73 percent. According to WazirX, the Ripple price stood at Rs 29.38.
Solana (SOL) price today
Solana price settled at $15.90, marking a 24-hour loss of 1.85 percent. According to WazirX, the SOL price in India stood at Rs 1,332.
Top cryptocurrency gainers today (January 10)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
24 hour gain: 24.61 percent
24 hour gain: 24.39 percent
24 hour gain: 6.26 percent
24 hour gain: 5.86 percent
24 hour gain: 5.40 percent
Top crypto losers today (January 10)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Classic Ethereum (ETC)
Loss of 24 hours: 5.68 percent
Loss of 24 hours: 5.46 percent
NEAR protocol (NEAR)
Loss of 24 hours: 4.32 percent
Loss of 24 hours: 4.15 percent
Frax Share (FXS)
Loss of 24 hours: 4.08 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin hit a three-week high, breaching the $17,200 level as market participants continue to react ahead of US inflation data coming out. will be published this week. This marked the highest point for BTC since mid-December. If the positive trend continues, the next resistance level for Bitcoin would be $17,400, with a support level at $17,050.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin and Ether prices increased this week. The increase in prices occurred on a day with lower-than-expected inflation expectations. Lower inflation expectations are good news for investors in these cryptocurrencies. Bitcoin and Ether prices rose further after the FOMC announcement. Bitcoin is up 1.5 percent and Ether is up 4 percent on above-average volume.”
weTrade founder Prashant Kumar also offered his take on the market scenario: “After a day of big moves in the green, the cryptocurrency market on Tuesday showed a flat move. Both Bitcoin and Ethereum held their ground and maintained their position above $17,000 and $1,300, respectively.Other coins including Cardano and Solana also saw big gains over the past week.The market has been reacting positively to the news of easing macroeconomic conditions as volume trading is also experiencing a jump”.
Shivam Thakral, CEO of BuyUCoin, said: “The overall crypto market is holding steady with Bitcoin and Ether showing a marginal jump after witnessing a strong rally yesterday. Solana, who got caught up in the FTX crash, was given a new lease of life in 2023 with a 42 percent mega rally over the last 7 days. The current favorable macroeconomic factors are increasing the value of dormant crypto assets and this may bode well for the crypto market in the long run.”
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.