Cryptocurrency Price Today (September 12): Bitcoin Rises Above $58,000, POPCAT Becomes Top Gainer
Cryptocurrency price on September 12 quick take: The global market cap rose to $2.05 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise up to $58,000 early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens across the board as the overall Market Fear & Greed Index stood at 37 (Fear) out of 100, as per CoinMarketCap data. The POPCAT token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 19 percent. Internet Computer (ICP) became the biggest loser, with a 24-hour dip of over 3 percent.
The global crypto market cap stood at $2.05 trillion at the time of writing, registering a 24-hour dip of 2.81 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $58,200.91, registering a 24-hour gain of 3.01 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 46.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,358.80, marking a 24-hour jump of 1.49 percent at the time of writing. Ethereum price in India stood at Rs 1.93 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.82 percent, as per CoinMarketCap data, currently priced at $0.1026. Dogecoin price in India stood at Rs 8.12.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.74 percent. At the time of writing, it was trading at $62.03. LTC price in India stood at Rs 5,077.50.
Ripple (XRP) Price Today
XRP price stood at $0.5372, seeing a 24-hour gain of 0.96 percent. Ripple price in India stood at Rs 44.34.
Solana (SOL) Price Today
Solana price stood at $134.93, marking a 24-hour loss of 2.99 percent. SOL price in India stood at Rs 10,990.25.
Top Crypto Gainers Today (September 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Popcat (SOL) (POPCAT)
Price: $0.674
24-hour gain: 18.71 percent
Internet Computer (ICP)
Price: $3.61
24-hour gain: 15.50 percent
Sui (SUI)
Price: $1.02
24-hour gain: 15.24 percent
Artificial Superintelligence Alliance (FET)
Price: $1.43
24-hour gain: 10.89 percent
BinaryX (BNX)
Price: $1.61
24-hour gain: 9.35 percent
Top Crypto Losers Today (September 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Internet Computer (ICP)
Price: $8.47
24-hour loss: 3.11 percent
Bitcoin SV (BSV)
Price: $49.27
24-hour loss: 1.38 percent
Notcoin (NOT )
Price: $0.00781
24-hour loss: 0.66 percent
Optimism (OP)
Price: $1.55
24-hour loss: 0.50 percent
dogwifhat (WIF)
Price: $1.55
24-hour loss: 0.50 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin hovered above the $58,000 level following higher than expected inflation data after briefly testing the support level at $55,000 after the presidential debate, as market sentiment leaned towards the Democratic party. If BTC continues on this track, we could see it touching towards $60,000, with the new support now at $56,500.”
CoinSwitch Markets Desk noted, “US Stock Indexes rebounded strongly, closing near weekly highs despite a sharp drop following yesterday’s positive inflation data. This recovery has led to growing speculation that the indexes may be heading toward all-time highs. Bitcoin (BTC) has reclaimed the $58K level and is holding steady after dipping below $56K briefly yesterday. Positive net inflows into ETFs for the third consecutive day highlight increasing institutional demand. In the Altcoin space, SUI is among top gainers following Grayscale’s launch of the SUI Trust.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, "The investors are expressing bearish sentiments as net outflow recorded $750M, the highest since May, more significantly, the Bitcoin and Altcoins sank more than 1% as the latest US Consumer Price Index (CPI) report showed 2.5% year-over-year increase, it has been reduced from 2.9% previously, sparking wave of selling in the crypto market."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The price of Bitcoin fell more than 3% on Wednesday, falling back below $56,000 due to recent US Consumer Price Index (CPI) data. While overall CPI was in line with expectations, Core CPI was slightly higher than expected, dampening hopes for a significant Fed rate cut this month. This shift reduced the probability of a 50 bps cut from 34% to 15%, impacting Bitcoin and traditional assets such as stocks. In addition, the Kamal Harris debate on Donald Trump and continued yen strength thanks to the Bank of Japan's hawkish stance also add to the bearish outlook for Bitcoin, with risks leaning towards a possible dip below $50,000.”
Shivam Thakral, CEO of BuyUcoin, said, “India has maintained its top spot on the global crypto adoption index, showcasing remarkable resilience in the face of regulatory challenges. In the last 24 hours, Bitcoin has risen by 3.16%, while Solana increased by 2.22%. India's strong grassroots movement is evident in the recent Chainalysis report, highlighting the country's active participation in decentralized finance and centralized exchanges.”
CoinDCX Research Team told ABP Live, “The crypto market continued its upward trend as the CPI data came in neutral to positive, providing a boost to market sentiment. This was further supported by a rise in global markets, helping BTC and altcoins regain momentum. For BTC, the key resistance to clear is at $61,600, while maintaining a position above the $56,000 support level is crucial to sustain the bullish trend. Among altcoins, SUI has been one of the top performers recently.”
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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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