Following the announcement of US Consumer Price Index (CPI) data that showed inflation cooling, the global crypto market capitalization managed to breach the $900 billion mark for the first time in weeks, ever since the FTX crash sent overall prices through the roof. . Bitcoin (BTC), the world’s oldest crypto, managed to hold steady within the $18,000 range early Friday morning. Other popular coins, including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), have landed in the greens across the board. The Aptos (APT) token turned out to be the biggest gainer, jumping more than 20 percent in 24 hours.
The global crypto market capitalization stood at $907.38 billion at the time of writing, posting a 24-hour gain of 2.01 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $18,861.62, posting a 24-hour gain of 3.52 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 15.90 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,412.51, marking a 24-hour gain of 0.70 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.18 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour jump of 1.06 percent, according to data from CoinMarketCap, currently priced at $0.08096. According to WazirX, the Dogecoin price in India was Rs 6.86.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.56 percent. At the time of writing, it was trading at $85.18. The LTC price in India stood at Rs 7,298.53.
Ripple Price (XRP) Today
XRP price stood at $0.3784, with a 24-hour gain of 0.21 percent. According to WazirX, the Ripple price stood at Rs 32.
Solana (SOL) price today
Solana’s price stood at $17.07, representing a 3.75 percent gain in 24 hours. According to WazirX, the SOL price in India stood at Rs 1,448.03.
Top cryptocurrency gainers today (January 13)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
24 hour gain: 20.67 percent
24 hour gain: 10.48 percent
Frax Share (FXS)
24 hour gain: 10.47 percent
24 hour gain: 10.42 percent
24 hour gain: 9.89 percent
Top crypto losers today (January 13)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Loss of 24 hours: 5.11 percent
Loss of 24 hours: 3.30 percent
Loss of 24 hours: 2.90 percent
Loss of 24 hours: 2.40 percent
Loss of 24 hours: 2.28 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin and other cryptocurrencies appear to be reeling from the negative impact caused by the FTX crash and the subsequent ripple effects. Bitcoin hit an intraday and two-month high of over $18,200 on Thursday. In the last two weeks, the value of Bitcoin has increased by 10 percent. In fact, it has gained 4.2 percent in the last 24 hours. According to Bloomberg, this marks the longest consecutive winning streak for Bitcoin since July.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “The US Consumer Price Index (CPI) figures may affect the cryptocurrency market. The expected CPI figures are 6.5 percent. If they exceed expectations, prices may rise. If they fall short, a sell-off may occur. Bitcoin could potentially rise to $19,000 or fall to $17,500 based on these figures.”
Shivam Thakral, CEO of BuyUCoin, said: “The current momentum of the crypto market got a big boost after US Consumer Price Index (CPI) data showed signs of cooling inflation. Bitcoin saw the biggest process jump in two months after it broke above the $19,000 mark for a short period. Bitcoin has already broken the major resistance levels of $17,000 and $18,000 and is expected to test $20,000 in the coming days. If macroeconomic factors continue to be favourable, we can expect the momentum to continue in the coming weeks.”
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.