Cryptocurrency Price Today: Bitcoin Dips Below $62,000, Akash Network Becomes Biggest Loser

Cryptocurrency price on May 13 quick take: The global market cap dipped to $2.25 trillion.

Bitcoin price stood at $61,442.21 on Monday. ( Image Source :Getty )

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $62,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 52 (Neutral) out of 100, as per CoinMarketCap data. The THORChain (RUNE) token emerged as the biggest gainer of the lot, with a 24-hour jump of over 3 percent. Akash Network (AKT) became the biggest loser, with a 24-hour dip of nearly 9 percent. 

The global crypto market cap stood at $2.25 trillion at the time of writing, registering a 24-hour dip of 0.25 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $61,442.21, registering a 24-hour gain of 0.85 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 54.50 lakh.

Ethereum (ETH) Price Today

ETH price stood at $2,927.93, marking a 24-hour jump of 0.25 percent at 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 percent, as per CoinMarketCap data, currently priced at $0.1409. As per WazirX, Dogecoin price in India stood at Rs 12.52.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 0.51 percent. At the time of writing, it was trading 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 loss of 1.24 percent. 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 3.29 percent. As per WazirX, SOL price in India stood at Rs 12,605. 

Top Crypto Gainers Today (May 13)

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

THORChain (RUNE)

Price: $6.05
24-hour gain: 3.57 percent

Toncoin (TON)

Price: $7.10
24-hour gain: 2.48 percent

Bitcoin (BTC)

Price: $61,367.26
24-hour gain: 0.70 percent

UNUS SED LEO (LEO)

Price: $5.95
24-hour gain: 0.69 percent

BNB (BNB)

Price: $592.21
24-hour gain: 0.42 percent

Top Crypto Losers Today (May 13)

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

Akash Network (AKT)

Price: $5.27
24-hour gain: 8.77 percent

Immutable (IMX)

Price: $2.09
24-hour gain: 7.81 percent

Arweave (AR)

Price: $38.42
24-hour gain: 7.64 percent

Pendle (PENDLE)

Price: $4.02
24-hour gain: 7.56 percent

Wormhole (W)

Price: $0.5528
24-hour gain: 6.73 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded around the $61,000 mark over the weekend, struggling to maintain its recent recovery amidst a surge in liquidations. Additionally, two Bitcoin wallets moved $61 Million after a decade of dormancy which also led to price volatility. Bulls are currently holding ground at $59,600, aiming for a breakthrough above $62,600 to sustain the upward momentum. Support levels are at $60,520 and $59,600, while resistance levels stand at $62,500 and $63,100.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “The crypto market seems to be in a lull, with many major cryptos consolidating for the last few weeks. Top cryptos by M.Cap. were rangebound over the weekend. However, the investor interest continues to stay positive, with the index still in the “Greed” zone. Trading around $60.9k, the blockchain activity on the BTC (-0.1%) network signals low participation, with transactions on the BTC network facing a dip. However, in the latest set of predictions of BTC prices in the future, Jack Dorsey has now joined the bandwagon. Dorsey believes that BTC will go beyond $1 million in 2030.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's battle to sustain above $63,000 has prompted caution among investors, driving attention towards altcoins. Currently trading near $61,000, Bitcoin faces intensified selling pressure, necessitating a critical support hold at $60,000 to prevent deeper declines. Failing to maintain higher levels has notably subdued bullish sentiment, casting a shadow over the broader crypto market, particularly with key economic data like April's inflation figures on the horizon.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The price of Bitcoin is around $61,154, a slight increase of 0.60% in 24 hours, with trading volume exceeding $13 billion and a market cap approaching $1.2 trillion. The bulls are defending the $61,000 support level, which is crucial to maintain the momentum. The current price is centered at $60,975, with resistance levels at $63,400, $65,050 and $67,160 if it is convincingly breached. On the contrary, the support lies at 59,075, 56,640 and 54,400 dollars. Technical indicators are mixed; The RSI at 45 suggests balance, while the 50-day EMA at $61,875 signals a bearish undertone. Bitcoin may struggle to sustain an upward move if it does not sustainably close above this moving average.”

CoinDCX Research Team told ABP Live, “Over the weekend, the crypto market maintained a sideways trend, with BTC and ETH consolidating within their respective ranges, while altcoins exhibited mixed trading performance. Despite the lack of significant price movement, there were notable developments in traditional finance companies adopting Bitcoin. Both JPMorgan Chase and Wells Fargo disclosed exposure to spot Bitcoin exchange-traded funds in their recent filing with the United States Securities and Exchange Commission. Although their Bitcoin allocation remains small, it signals a positive step towards mainstream adoption, which bodes well for the crypto market.”

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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.