Cryptocurrency Price Today (August 13): Bitcoin Inches Closer To $60,000, SATS Becomes Top Gainer
Cryptocurrency price on August 13 quick take: The global market cap rose to $2.09 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, inched closer to the $59,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 52 (Neutral) out of 100, as per CoinMarketCap data. The SATS token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 22 percent. MANTRA (OM) became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $2.09 trillion at the time of writing, registering a 24-hour gain of 2.43 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $59,183.56, registering a 24-hour jump of 1.28 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.07 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,648.13, marking a 24-hour gain of 3.55 percent at the time of writing. Ethereum price in India stood at Rs 2.13 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 4.14 percent, as per CoinMarketCap data, currently priced at $0.1055. Dogecoin price in India stood at Rs 8.53.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.74 percent. At the time of writing, it was trading at $62.06. LTC price in India stood at Rs 5,083.21.
Ripple (XRP) Price Today
XRP price stood at $0.5696, seeing a 24-hour gain of 1.32 percent. Ripple price in India stood at Rs 47.21.
Solana (SOL) Price Today
Solana price stood at $146.75, marking a 24-hour jump of 2.36 percent. SOL price in India stood at Rs 11,966.13.
Top Crypto Gainers Today (August 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
SATS (1000SATS)
Price: $0.0003173
24-hour gain: 22.57 percent
ORDI (ORDI)
Price: $31.29
24-hour gain: 14.02 percent
Starknet
Price: $0.402
24-hour gain: 11.25 percent
Helium (HNT)
Price: $6.64
24-hour gain: 11.14 percent
Celestia (TIA)
Price: $5.69
24-hour gain: 11.02 percent
Top Crypto Losers Today (August 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
MANTRA (OM)
Price: $0.9383
24-hour loss: 1.78 percent
TRON (TRX)
Price: $0.1263
24-hour loss: 1.24 percent
Hedera (HBAR)
Price: $0.05262
24-hour loss: 0.80 percent
Bittensor (TAO)
Price: $279.54
24-hour loss: 0.44 percent
Stellar (XLM)
Price: $0.09872
24-hour loss: 0.13 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been trading around the $59,000 mark over the past 24 hours as markets anticipate the release of July’s Consumer Price Index data from the UK and the US tomorrow. On the upside, resistance could emerge near the $60,250 level, with a clear break above potentially pushing the price higher. Support is found at the $58,800 level. Investors are also keeping an eye on upcoming earnings reports from Alibaba Group and Walmart, as well as GDP data from Hong Kong and Taiwan later this week.”
CoinSwitch Markets Desk noted, “With BTC trading sideways seeking support around the 58k USD mark, investors are waiting for crucial data this week to decide a direction to trade Bitcoin. US CPI data which is expected tomorrow will likely have a large impact on the short-term price volatility in Bitcoin. While both Bitcoin and Ethereum ETF had a net outflow day on Friday, Monday saw a net positive inflow in both BTC and ETH ETFs with Bitcoin products seeing 14 million dollars whereas Ethereum saw an inflow of 5 million dollars.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin remains stagnant around $59K while Ethereum surges 4% in the last 24 hours, in fact attracting $155 million in investments over the past week. Solana, XRP, and Cardano also saw positive inflows of $4.5 million, $0.7 million, and $0.6 million, respectively. Altcoins like TIA, APT, and ORDI are the tops the chart, gaining over 8% in the past 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “In a generally positive day for cryptocurrency markets, traders focused on altcoins as they outperformed Bitcoin, which hovered between $58,000 and $60,000. Expectations of U.S. CPI inflation data later this week, which could influence a potential Fed rate cut, kept traders cautious. However, several altcoins rallied, with Ethereum (ETH) gaining more than 6% in 24 hours. Among the top performers is 1000SATS (SATS), which is up more than 20% at $0.00000032 and may target March highs if it breaks through resistance at $0.00000036. Sui (SUI) rallied 17% to $1.025, breaking key resistance and potentially rising towards $2.20. ORDI (ORDI), the token of the Bitcoin-based Ordinals protocol, climbed 16% to $31, but needs to break above the 50 DMA at $34 to reverse its long-term downtrend.”
Shivam Thakral, CEO of BuyUcoin, said, “Institutions issuing stablecoins is a good sign that institutional investors are bullish. Still, the immediate impact may be limited due to impending macroeconomic data releases, like the Producer Price Index (PPI) and Consumer Price Index (CPI) for July. However, while these short-term pressures from global market disturbances and economic data may create volatility, the long-term outlook remains optimistic.”
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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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