Bitcoin (BTC), the world's oldest and most valued cryptocurrency, fell below the $41,000 mark early Wednesday morning. Popular altcoins including Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) also saw minor drops across the board. The Osmosis token (OSMO) turned out to be the biggest gainer, jumping more than 16 percent in 24 hours. Synthetix (SNX), on the other hand, became the biggest loser, losing more than 17 percent in 24 hours.
The global crypto market capitalization stood at $1.54 trillion at the time of writing, recording a loss of 2.66 percent in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $40,832.92, registering a drop of 2.20 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 35.82 lakh.
Ethereum (ETH) price today
The price of ETH stood at $2,170.57, marking a loss of 2.84 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 1.92 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour loss of 5.13 percent, according to data from CoinMarketCap, currently priced at $0.09147. According to WazirX, the Dogecoin price in India stood at Rs 8.08.
Litecoin (LTC) price today
Litecoin saw a drop of 2.56 percent in 24 hours. At the time of writing, it was trading at $71.27. The LTC price in India stood at Rs 6,300.
Ripple Price (XRP) Today
The price of XRP stood at $0.6072, with a loss of 2.73 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 53.42.
Solana (SOL) price today
The price of Solana stood at $66.04, representing a drop of 7.93 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 5,950.
Top Crypto Gainers Today (December 13)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
Osmosis (OSMO)
Price: $1.04
24 hour gain: 16.09 percent
Cosmos (ATOM)
Price: $11.14
24 hour gain: 9.52 percent
Apts (APT)
Price: $8.61
24 hour gain: 7.59 percent
VeChain (FP)
Price: $0.02919
24 hour gain: 6.18 percent
self (ELF)
Price: $0.7936
24 hour gain: 5.92 percent
Top Crypto Losers Today (December 13)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Synthetix (SNX)
Price: $4.04
Loss of 24 hours: 17.82 percent
Avalanche (AVAX)
Price: $35.22
Loss of 24 hours: 16.02 percent
Bonk (BONK)
Price: $0.00001103
Loss of 24 hours: 12.27 percent
MultiversX (EGLD)
Price: $59.39
Loss of 24 hours: 12.04 percent
Algorand (SOMETHING)
Price: $0.1898
Loss of 24 hours: 11.01 percent
What Crypto Exchanges Say About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โBitcoin is consolidating at the $40,000 mark after experiencing some sell-offs ahead of the US interest rate decision scheduled for today. Despite trading in the red, BTC is showing an 8 percent increase so far this month and an impressive 148 percent increase so far this year. A recent low near $40,600 triggered a consolidation of losses. The key resistance for BTC is at $41,450, while support lies at $39,500.โ
CoinSwitch Markets Desk noted: โBitcoin continued its price correction in the last 24 hours after the CPI number in the United States, but it is still trading above the $40,000 mark with a 53 percent dominance. If it starts consolidating around 40k levels, a strong move in altcoins can be expected soon. While L1 popular like Solana has corrected quite sharply this week, one of the most notable cryptocurrencies in the last 24 hours was Aptos' native APT token (+8.5 percent). The Aptos chain has recently become very active in the developer community and distributed community grants at Indian Blockchain Week last week. If Aptos, which is one of the fastest chains today, can generate a SOL-like community, the market can expect bullish price action.โ
Rajagopal Menon, vice president of WazirX, said: โBitcoin (BTC) stabilized at around $41,300 amid anticipation of the latest US interest rate decision. Ether (ETH) fell 1 percent to below $2,200. Altcoins surged, with Polkadot (DOT), Cosmos (ATOM), and Injective (INJ) leading the way, gaining between 10 and 20 percent. Despite the slowing momentum of large cryptocurrencies, the market continues to respond to the Federal Reserve's decisions. A possible pause in rate hikes, expected due to slowing inflation, could be interpreted as bullish, historically triggering positive movements in the crypto market.โ
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin is currently experiencing a decline of -2.6 percent, trading at $40,930 with potential support levels of $38,000, $36,000 and finally $32,000. INJ emerges as a notable gainer on Uniswap with a rise of 14.15 percent, driven by an uptrend supported by moving averages and MACD. However, an elevated RSI at 79.48 indicates possible overbought conditions, urging caution. MUBI shows impressive growth, marked by a 36 percent rise, supported by healthy moving averages and a moderate RSI at 60.14, suggesting further upside movement potential. PRIME, amid a 15.78 percent rise, reflects a strong and sustained uptrend, but a nuanced RSI at 61.64 hints at stability. โTraders are eyeing key levels and emphasizing a balanced approach amid the dynamic crypto market landscape.โ
Shivam Thakral, CEO of BuyUcoin, said: โThe cryptocurrency market is facing some tension ahead of the CPI data and the US Federal Reserve's interest rate decision as the deadline approaches. holiday season, users may have liquidated their positions to book profits from the recent cryptocurrency rally. According to some reports, the US Federal Reserve is unlikely to raise interest rates as they are at their highest level in 22 years. If the US Federal Reserve decides to raise interest rates, we may see more pressure on the cryptocurrency market in the coming weeks. Bitcoin and Ethereum sit comfortably at the $40,810.66 and $2,166.03 levels at the time of writing.
The CoinDCX research team told ABP Live: โOver the last 24 hours, the market experienced a bearish trend as both BTC and ETH traded sideways following a recent drop. BTC is positioned near the support level at $40,600, and a possible break of this level could lead to testing lower support levels around $37-38k. On the upside, key resistance is seen at $44,000. ETH, on the other hand, is currently hovering around the critical support and resistance of $2,130. In the event of a market recovery, ETH could witness a substantial bounce from this level. On the contrary, the lower support level is at $2020, with resistance at $2450. Currently, ETH stands at the 20 EMA D, a level where historic bounces have occurred.โ
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Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature on the subject before making any type of investment. Cryptocurrency Market predictions are speculative and any investment made will be at the sole risk and expense of the readers.
