Bitcoin (BTC), the oldest and most-valued crypto coin, failed to pick up steam and dwelled within the $19,000 range on early Thursday morning. Ethereum (ETH) managed to rise above the $1,300 mark late on October 12 but slipped back to the $1,200 range yet again. Most popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. Among lesser-known altcoins, Huobi Token (HT) emerged to be the biggest gainer in the past 24 hours. Interestingly, TerraClassicUSD (USTC), the coin that remained the biggest gainer over the past two days, emerged to be the biggest loser on October 13.
At the time of writing, the global crypto market cap stood at $914.77 billion, marking a minor 0.72 percent dip in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
Bitcoin price stood at $19,090.13, seeing a 24-hour dip of 0.01 percent, as per CoinMarketCap. As per Indian exchange WazirX, BTC price stood at Rs 16.32 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,285.20, marking a 24-hour loss of 0.31 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.10 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 2.66 percent as per CoinMarketCap data, currently priced at $0.05893. As per WazirX, Dogecoin price in India stood at Rs 5.08.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 0.71 percent. At the time of writing, it was priced at $51.93. LTC price in India stood at Rs 4,512.54.
Ripple (XRP) price today
XRP price stood at $0.4731, seeing a 24-hour dip of 3.21 percent. As per WazirX, Ripple price stood at Rs 40.25.
Solana (SOL) price today
Solana price stood at $30.69, marking a 24-hour loss of 1.54 percent. As per WazirX, SOL price in India stood at Rs 2,719.94.
Top crypto gainers today (October 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Huobi Token (HT)
24-hour gain: 8.29 percent
24-hour gain: 5.51 percent
24-hour gain: 5.40 percent
KuCoin Token (KCS)
24-hour gain: 3.30 percent
24-hour gain: 2.75 percent
Top crypto losers today (October 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 20.66 percent
Lido DAO (LDO)
24-hour loss: 7.59 percent
24-hour loss: 7.02 percent
Internet Computer (ICP)
24-hour loss: 6.10 percent
24-hour loss: 5.49 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded flat over the past 24 hours as investors keenly waited for the next US Consumer Price Index (CPI). BTC is currently trading at the $19,000 level. Bulls could not seize the initiative after slight gains at the start of the day. If BTC can move above the current level, we might see it rise to $20,00 soon. But if it falls below the current level, the next support would be $18,843. Bulls are expected to defend this zone to avoid further downward pressure.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin remained a hold as investors remain wary of inflation updates. Bitcoin price has struggled to hold above the $19,000 level and has seen holders lose 6.2 percent over the past week. Over the past month, the price of BTC has fluctuated between $19,000 and $21,000. Traders remain cautious ahead of Wednesday’s release from the Federal Open Market Committee (FOMC), the US central bank’s monetary policy body. The release could affect trader sentiment towards risky assets such as Bitcoin and altcoins. All eyes are on Ethereum Classic’s ability to hold support, firmly highlighted at $23.50. If it can respect this demand zone, short sellers can forget about the ETC price and extend the 36.20 percent decline below the $15 breakout.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “Choppy market behaviour from September seems to have rolled over to October for the global crypto market cap. While Bitcoin is holding its $19,000 position on Thursday, Ethereum is inching closer to the $1,300 level that it lost earlier this week. Other key cryptocurrencies are in the red with Cardano seeing an approximately 4 percent loss in the past 24 hours. The market is prepping for another interest rate hike as the minutes from the US Federal Reserve’s September meeting, released on Wednesday, showed that higher rates would stay in place.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap fell by 0.45 percent and is hovering around the $915 billion mark. Bitcoin and Ether exchanged hands at $19,110 and $1,287 respectively which is a slight variation in the prices the previous day. In the altcoin space, AVAX, SOL, ADA, DOT, and MATIC witnessed minor fluctuations in their prices as most of the crypto assets remained flat during the day trade. The minutes from a crucial Fed meeting in September show that another rate hike in November is on the cards as the Federal Reserve is shocked by the pace of rising inflation. The rising rates will keep the investors on their toes as the borrowing will get tougher with further tightening of monetary policy.”
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.
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