Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped under the $62,000 mark early Monday. Different common altcoins — together with the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed within the reds throughout the board as the general Market Concern & Greed Index stood at 52 (Impartial) out of 100, as per CoinMarketCap knowledge. The THORChain (RUNE) token emerged as the largest gainer of the lot, with a 24-hour leap of over 3 p.c. Akash Network (AKT) turned the largest loser, with a 24-hour dip of almost 9 p.c.
The global crypto market cap stood at $2.25 trillion on the time of writing, registering a 24-hour dip of 0.25 p.c.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,442.21, registering a 24-hour achieve of 0.85 p.c, as per CoinMarketCap. In accordance with Indian trade WazirX, BTC price stood at Rs 54.50 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,927.93, marking a 24-hour leap of 0.25 p.c on the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.58 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.79 p.c, as per CoinMarketCap knowledge, at the moment priced at $0.1409. As per WazirX, Dogecoin price in India stood at Rs 12.52.
Litecoin (LTC) Price Today
Litecoin noticed a 24-hour lack of 0.51 p.c. On the time of writing, it was buying and selling at $80.79. LTC price in India stood at Rs 7,137.79.
Ripple (XRP) Price Today
XRP price stood at $0.5001, seeing a 24-hour lack of 1.24 p.c. As per WazirX, Ripple price stood at Rs 44.36.
Solana (SOL) Price Today
Solana price stood at $141.77, marking a 24-hour dip of three.29 p.c. As per WazirX, SOL price in India stood at Rs 12,605.
Prime Crypto Gainers Today (May 13)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto gainers over the previous 24 hours:
THORChain (RUNE)
Price: $6.05
24-hour achieve: 3.57 p.c
Toncoin (TON)
Price: $7.10
24-hour achieve: 2.48 p.c
Bitcoin (BTC)
Price: $61,367.26
24-hour achieve: 0.70 p.c
UNUS SED LEO (LEO)
Price: $5.95
24-hour achieve: 0.69 p.c
BNB (BNB)
Price: $592.21
24-hour achieve: 0.42 p.c
Prime Crypto Losers Today (May 13)
As per CoinMarketCap knowledge, listed below are the highest 5 crypto losers over the previous 24 hours:
Akash Network (AKT)
Price: $5.27
24-hour achieve: 8.77 p.c
Immutable (IMX)
Price: $2.09
24-hour achieve: 7.81 p.c
Arweave (AR)
Price: $38.42
24-hour achieve: 7.64 p.c
Pendle (PENDLE)
Price: $4.02
24-hour achieve: 7.56 p.c
Wormhole (W)
Price: $0.5528
24-hour achieve: 6.73 p.c
What Crypto Exchanges Are Saying About Present Market State of affairs
Mudrex co-founder and CEO Edul Patel advised ABP Live, “Bitcoin traded across the $61,000 mark over the weekend, struggling to take care of its latest restoration amidst a surge in liquidations. Moreover, two Bitcoin wallets moved $61 Million after a decade of dormancy which additionally led to price volatility. Bulls are at the moment holding floor at $59,600, aiming for a breakthrough above $62,600 to maintain the upward momentum. Assist ranges are at $60,520 and $59,600, whereas resistance ranges stand at $62,500 and $63,100.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, stated, “The crypto market appears to be in a lull, with many main cryptos consolidating for the previous couple of weeks. Prime cryptos by M.Cap. had been rangebound over the weekend. Nevertheless, the investor curiosity continues to remain optimistic, with the index nonetheless within the “Greed” zone. Buying and selling round $60.9k, the blockchain exercise on the BTC (-0.1%) community indicators low participation, with transactions on the BTC community dealing with a dip. Nevertheless, within the newest set of predictions of BTC costs sooner or later, Jack Dorsey has now joined the bandwagon. Dorsey believes that BTC will transcend $1 million in 2030.”
Rajagopal Menon, Vice President, WazirX, stated, “Bitcoin’s battle to maintain above $63,000 has prompted warning amongst buyers, driving consideration in the direction of altcoins. At the moment buying and selling close to $61,000, Bitcoin faces intensified promoting stress, necessitating a essential help maintain at $60,000 to forestall deeper declines. Failing to take care of greater ranges has notably subdued bullish sentiment, casting a shadow over the broader crypto market, notably with key financial knowledge like April’s inflation figures on the horizon.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, stated, “The price of Bitcoin is round $61,154, a slight enhance of 0.60% in 24 hours, with buying and selling quantity exceeding $13 billion and a market cap approaching $1.2 trillion. The bulls are defending the $61,000 help degree, which is essential to take care of the momentum. The present price is centered at $60,975, with resistance ranges at $63,400, $65,050 and $67,160 whether it is convincingly breached. Quite the opposite, the help lies at 59,075, 56,640 and 54,400 {dollars}. Technical indicators are blended; The RSI at 45 suggests stability, whereas the 50-day EMA at $61,875 indicators a bearish undertone. Bitcoin might battle to maintain an upward transfer if it doesn’t sustainably shut above this shifting common.”
CoinDCX Analysis Group advised ABP Live, “Over the weekend, the crypto market maintained a sideways development, with BTC and ETH consolidating inside their respective ranges, whereas altcoins exhibited blended buying and selling efficiency. Regardless of the dearth of great price motion, there have been notable developments in conventional finance corporations adopting Bitcoin. Each JPMorgan Chase and Wells Fargo disclosed publicity to identify Bitcoin exchange-traded funds of their latest submitting with america Securities and Trade Fee. Though their Bitcoin allocation stays small, it indicators a optimistic step in the direction of mainstream adoption, which bodes properly for the crypto market.”
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Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency shouldn’t be a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and browse provide doc(s) together with associated vital literature on the topic rigorously earlier than making any sort of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.
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