Following the announcement of US Consumer Price Index (CPI) data which showed that inflation was cooling down, the global crypto market cap managed to climb above the $900 billion mark for the firs time in weeks, ever since the FTX meltdown left overall prices in tatters. Bitcoin (BTC), the world’s oldest crypto, managed to remain stable within the $18,000 range on early Friday morning. Other popular coins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) — landed in the greens across the board. The Aptos (APT) token emerged to be the biggest gainer, with a 24-hour jump of over 20 percent.
The global crypto market cap stood at $907.38 billion at the time of writing, registering a 24-hour gain of 2.01 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $18,861.62, registering a 24-hour gain of 3.52 percent, as per CoinMarketCap. According to Indian exchange WazirX, 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. As per WazirX, Ethereum price in India stood at Rs 1.18 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 1.06 percent, as per CoinMarketCap data, currently priced at $0.08096. As per WazirX, Dogecoin price in India stood at 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. LTC price in India stood at Rs 7,298.53.
Ripple (XRP) price today
XRP price stood at $0.3784, seeing a 24-hour gain of 0.21 percent. As per WazirX, Ripple price stood at Rs 32.
Solana (SOL) price today
Solana price stood at $17.07, marking a 24-hour gain of 3.75 percent. As per WazirX, SOL price in India stood at Rs 1,448.03.
Top crypto gainers today (January 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 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)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 5.11 percent
24-hour loss: 3.30 percent
24-hour loss: 2.90 percent
24-hour loss: 2.40 percent
24-hour loss: 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 recovering from the negative impact caused by the collapse of FTX and the subsequent ripple effects. Bitcoin reached an intraday and two-month high of over $18,200 on Thursday. Over the past two weeks, the value of Bitcoin has risen by 10 percent. In fact, it has gained 4.2 percent in the past 24 hours. According to Bloomberg, this marks the longest consecutive streak of gains for Bitcoin since July.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “US Consumer Price Index (CPI) figures can affect the cryptocurrency market. Expected CPI figures are 6.5 percent,If they beat 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, the CEO of BuyUCoin, said, “The crypto market’s current momentum got a big boost after US Consumer Price Index (CPI) data showed signs of inflation cooling down. Bitcoin saw the biggest process jump in two months after it breached the $19,000 mark for a short period. Bitcoin already broke major resistance levels of $17,000 and $18,000 and it is expected to test $20,000 in the coming days. If the macroeconomic factors continue to remain favourable, we can expect the momentum to sustain in the coming weeks.”
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.