Cryptocurrency Price Today: Bitcoin Dips Below $27,000, LOOM Gains Over 30%

Cryptocurrency price on October 13 quick take: The global market cap stood at $1.05 trillion.

Bitcoin price stood at $26,781.63 on Friday. ( Image Source :Mohamed Hassan/Pixabay )

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $27,000 mark early Friday. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board. The Loom Network (LOOM) token became the biggest gainer of the lot, with a 24-hour gain of over 30 percent. Mantle (MNT), on the other hand, became the biggest loser, with a 24-hour dip of over 4 percent.

The global crypto market cap stood at $1.05 trillion at the time of writing, registering a 24-hour dip of 0.42 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $26,781.63, registering a 24-hour loss of 0.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.30 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,538.18, marking a 24-hour dip of 1.44 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.35 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 0.41 percent, as per CoinMarketCap data, currently priced at $0.05792. As per WazirX, Dogecoin price in India stood at Rs 5.03.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 0.04 percent. At the time of writing, it was trading at $61.16. LTC price in India stood at Rs 5,398.99.

Ripple (XRP) Price Today

XRP price stood at $0.4836, seeing a 24-hour dip of 0.55 percent. As per WazirX, Ripple price stood at Rs 42.20.

Solana (SOL) Price Today

Solana price stood at $21.26, marking a 24-hour loss of 2.04 percent. As per WazirX, SOL price in India stood at Rs 1,889.34. 

Top Crypto Gainers Today (October 13)

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

Loom Network (LOOM)

Price: $0.2787
24-hour gain: 30.71 percent

THORChain (RUNE)

Price: $1.66
24-hour gain: 7.51 percent

Frax Share (FXS)

Price: $5.57
24-hour gain: 4.53 percent

Trust Wallet Token (TWT)

Price: $0.9561
24-hour gain: 3.80 percent

Ocean Protocol (OCEAN)

Price: $0.2881
24-hour gain: 2.06 percent

Top Crypto Losers Today (October 13)

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

Mantle (MNT)

Price: $0.338
24-hour loss: 4.22 percent

XDC Network (XDC)

Price: $0.04649
24-hour loss: 3.89 percent

GMX (GMX)

Price: $34.58
24-hour loss: 3.71 percent

Synthetix (SNX)

Price: $1.85
24-hour loss: 3.57 percent

Maker (MKR)

Price: $1,355.82
24-hour loss: 3.42 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, Bitcoin has been trading around the $26,600 mark. This price movement followed the US Consumer Price Index (CPI) for September, rising by 0.4 percent against the expected 0.3 percent, following which the US Dollar index (DXY) rose by 0.8 percent. As a result, investors appear to be treading cautiously with their investments. This has affected traditional markets in a similar way.  Bitcoin will now need to overcome the $26,900 resistance or face potential support around the $26,500 level. Concurrently, Ethereum is currently trading above $1,500, marking its weakest performance since March 2023.”

Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “The crypto market has been witnessing a slight dip for the sixth consecutive day. As per CoinGecko, the global crypto M.Cap is down just 0.34 percent since yesterday but stands below $1.1 trillion. The dip in the markets, including crypto, is being attributed to the September CPI (Consumer Price Index) data that came out yesterday. CPI has risen 0.4 percent against a market estimate of 0.3 percent. Outperforming most of the digital assets market, BTC (-0.1 percent) is trading around $26.8k, with support at $26,500 and resistance at $27,000. ETH (-1.3 percent) witnessed selling pressure, taking its price down to its 7-month low, before showing a slight recovery. The US Dollar Index (DXY) has climbed around 0.8 percent, pressuring ‘risk-on’ asset classes like equities and crypto.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Key tokens have settled at a familiar pattern and price movement after the price rally last week. The US Consumer Price Index rose 0.4 percent in September which was higher than anticipated. This is also another factor that is affecting the prices of Crypto. Bitcoin is unable to find its foothold after losing its support level last week. This is in contrast to the forecast pattern of a stable crypto market irrespective of the CPI data. The moving averages have echoed the market sentiment, indicating a strong ‘Sell’.”

Shivam Thakral, CEO of BuyUcoin, said, “A big day for crypto enthusiasts as the SEC deadline to appeal against Bitcoin ETF ends today. If the SEC chooses not to appeal, it may pave the way for speedy Bitcoin ETF approval in the future and could spark the next bull run for BTC and other digital assets. BTC, ETH, and other digital assets remained almost flat during the last 24 hours which could be a sign that traders switching to wait-and-watch mode. CPI data showed that inflation stayed higher in September and US Fed may take corrective measures to tame the soaring inflation.” 

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The Bitcoin market is approaching its maximum supply of 21 million coins, with the 4-hour chart revealing significant levels. Key readings include the pivot point at $27,000, resistance at $27,210, $27,717 and $28,198, and supports at $26,586, $26,023 and $25,475. RSI at 30 indicates bearish sentiment and await MACD readings for further information. The price is currently hovering just above the 50 EMA at $26,950. Chart patterns suggest a potential upside breakout around $27,700, while stability in US inflation at 3.7 percent in September 2023 and the behavior of energy prices could influence Bitcoin's trajectory. A bearish trend is emerging below $26,950, with short-term swings around key levels expected.”

CoinDCX Research Team told ABP Live, “In the last 24 Hours, ETH fell to Rs 1,36,400 ($1,514), its lowest point since March, while Bitcoin (BTC) saw a milder drop, settling at Rs 23,58,000 ($26,600). This decline was due to a cautious market mood, influenced by a slightly higher-than-expected inflation report, which led to increased U.S. Treasury rates and a stronger dollar. Notably, today, the Securities and Exchange Commission (SEC) faces a crucial decision: whether to challenge Grayscale Investments' recent legal win. This choice not only holds big implications for spot Bitcoin ETFs but could also bring some ups and downs to Bitcoin's price.”

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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.