Cryptocurrency Price Today: Bitcoin Dips Below $41,000, Osmosis Becomes Top Gainer

Cryptocurrency price on December 13 quick take: The global market cap dipped to $1.54 trillion.

Bitcoin price stood at $40,832.92 on Wednesday.

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, dipped below the $41,000 mark early Wednesday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — saw minor dips across the board as well. The Osmosis (OSMO) token emerged to be the biggest gainer, with a 24-hour jump of over 16 percent. Synthetix (SNX), on the other hand, became the biggest loser, with a 24-hour loss of over 17 percent. 

The global crypto market cap stood at $1.54 trillion at the time of writing, registering a 24-hour loss of 2.66 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $40,832.92, registering a 24-hour dip of 2.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 35.82 lakh.

Ethereum (ETH) Price Today

ETH price stood at $2,170.57, marking a 24-hour loss of 2.84 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.92 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 5.13 percent, as per CoinMarketCap data, currently priced at $0.09147. As per WazirX, Dogecoin price in India stood at Rs 8.08.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 2.56 percent. At the time of writing, it was trading at $71.27. LTC price in India stood at Rs 6,300.

Ripple (XRP) Price Today

XRP price stood at $0.6072, seeing a 24-hour loss of 2.73 percent. As per WazirX, Ripple price stood at Rs 53.42.

Solana (SOL) Price Today

Solana price stood at $66.04, marking a 24-hour dip of 7.93 percent. As per WazirX, SOL price in India stood at Rs 5,950. 

Top Crypto Gainers Today (December 13)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Osmosis (OSMO)

Price: $1.04
24-hour gain: 16.09 percent

Cosmos (ATOM)

Price: $11.14
24-hour gain: 9.52 percent

Aptos (APT)

Price: $8.61
24-hour gain: 7.59 percent

VeChain (VET)

Price: $0.02919
24-hour gain: 6.18 percent

aelf (ELF)  

Price: $0.7936
24-hour gain: 5.92 percent

Top Crypto Losers Today (December 13)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Synthetix (SNX)

Price: $4.04
24-hour loss: 17.82 percent

Avalanche (AVAX)

Price: $35.22
24-hour loss: 16.02 percent

Bonk (BONK)

Price: $0.00001103
24-hour loss: 12.27 percent

MultiversX (EGLD)

Price: $59.39
24-hour loss: 12.04 percent

Algorand (ALGO)

Price: $0.1898
24-hour loss: 11.01 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidates at the $40,000 mark after experiencing some liquidations ahead of the US interest rate decision scheduled for today. Despite trading in the red, BTC shows an 8 percent month-to-date increase and an impressive 148 eprcent surge year-to-date. A recent low near $40,600 triggered a consolidation of losses. Key resistance for BTC is at $41,450, while support is found at $39,500.”

CoinSwitch Markets Desk noted, “Bitcoin continued its price correction in the last 24 hours after the CPI number in the United States but is still trading above the $40k mark with a dominance of 53 percent. If it starts consolidating around the 40k levels, a strong move in altcoins can be expected soon. While popular L1 like Solana has corrected rather sharply this week, one of the standout cryptos in the last 24 hours was Aptos’ native token APT (+8.5 percent). Aptos chain has recently become very active in the developer community with them distributing community grants at Indian Blockchain Week last week. If Aptos, which is one of the fastest chains today, can garner SOL-like community, the market can expect an upside price action.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin (BTC) steadied at around $41,300 amid anticipation of the last US interest rate decision. Ether (ETH) slipped 1 percent to sub-$2,200. Altcoins surged, with Polkadot (DOT), Cosmos (ATOM), and Injective (INJ) leading, gaining 10-20 percent. Despite the crypto majors' momentum slowdown, the market remains responsive to Federal Reserve decisions. A potential pause in rate hikes, expected due to slowing inflation, could be interpreted as bullish, historically triggering positive crypto market movements.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently experiencing a -2.6 percent decline, trading at $40,930 with potential support levels at $38k, $36k, and eventually $32k. INJ emerges as a prominent gainer on Uniswap with a 14.15 percent surge, fueled by a bullish trend supported by moving averages and MACD. However, an elevated RSI at 79.48 signals potential overbought conditions, urging caution. MUBI showcases impressive growth, marked by a 36 percent surge, supported by healthy moving averages and a moderate RSI at 60.14, suggesting further potential for upward movement. PRIME, amid a 15.78 percent increase, reflects a strong and sustained bullish trend, but a nuanced RSI at 61.64 hints at stability. Traders eye key levels, emphasizing a balanced approach amid the dynamic crypto market landscape.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market is facing some heat ahead of CPI data and interest rate decision by the US Fed. As the holiday season is approaching, users may have liquidated their positions to book profits from the recent crypto rally.  As per some reports, the US Fed is unlikely to raise interest rates as they are already at a 22-year high. If the US Fed decides to raise the interest rates, we may see further pressure on the crypto market in the coming weeks. Bitcoin and Ethereum are comfortably sitting at $40,810.66 and $2,166.03 levels at the time of writing.”

CoinDCX Research Team told ABP Live, “In the past 24 hours, the market experienced a bearish trend as both BTC and ETH traded sideways following a recent decline. BTC is positioned close to the support level at $40,600, and a potential breach of this level could lead to testing lower support levels around $37-38k. On the upside, key resistance is observed at $44k. ETH, on the other hand, is currently hovering around the critical support and resistance flip at $2130. In case of a market recovery, ETH could witness a substantial bounce from this level. Conversely, the bottom support level is at $2020, with resistance at $2,450. Presently, ETH is situated at the 20 EMA D, a level where historical bounces have occurred.”

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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.