Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $58,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 33 (Fear) out of 100, as per CoinMarketCap data. The BEAM token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 11 percent. Aave became the biggest loser, with a 24-hour dip of nearly 5 percent.
The global crypto market cap stood at $2.04 trillion at the time of writing, registering a 24-hour dip of 0.21 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $57,892.17, registering a 24-hour dip of 0.68 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 46.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,358.57, marking a 24-hour loss of 0.58 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 dip of 0.55 percent, as per CoinMarketCap data, currently priced at $0.1021. Dogecoin price in India stood at Rs 8.12.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.29 percent. At the time of writing, it was trading at $62.66. LTC price in India stood at Rs 5,077.50.
Ripple (XRP) Price Today
XRP price stood at $0.56, seeing a 24-hour gain of 4.30 percent. Ripple price in India stood at Rs 44.34.
Solana (SOL) Price Today
Solana price stood at $134.65, marking a 24-hour loss of 0.75 percent. SOL price in India stood at Rs 10,990.25.
Top Crypto Gainers Today (September 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Beam (BEAM)
Price: $0.01451
24-hour gain: 10.94 percent
Quant (QNT)
Price: $77.12
24-hour gain: 9.31 percent
Worldcoin (WLD)
Price: $1.53
24-hour gain: 9.03 percent
Popcat (SOL) (POPCAT)
Price: $0.6619
24-hour gain: 6.73 percent
Pyth Network (PYTH)
Price: $0.2928
24-hour gain: 5.53 percent
Top Crypto Losers Today (September 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Aave (AAVE)
Price: $143.22
24-hour loss: 4.75 percent
Helium (HNT)
Price: $7.71
24-hour loss: 4.31 percent
THORChain (RUNE)
Price: $3.90
24-hour loss: 3.50 percent
UNUS SED LEO (LEO)
Price: $5.58
24-hour loss: 3.36 percent
Bitcoin SV (BSV)
Price: $47.75
24-hour loss: 3.04 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has sustained at the $58,000 level maintaining the bullish trajectory. The announcement by Trump on plans to the launch his sons crypto business and the bullish predictions by Standard Chartered Bank for BTC have further strengthed the market sentiment. BTC’s resistance level stands at $59,100 and the support level remains at $56,500.”
CoinSwitch Markets Desk noted, “Bitcoin has bounced back to over $58,000 levels, driven by strong U.S. Producer Price Index (PPI) data and a rebound in major U.S. stock market indices. The correlation between Bitcoin and the Nasdaq remains evident, with BTC closely mirroring the movements of tech-heavy stock indices.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin has shown resilience, trading around $57,916 despite volatility due to mixed U.S. macroeconomic data. The Producer Price Index (PPI) exceeded expectations, while unemployment figures were slightly higher than anticipated. Analysts maintain that the Federal Reserve will likely implement a modest 0.25% interest rate cut on September 18, bolstering positive sentiment around Bitcoin.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, "Bitcoin's price has made a remarkable recovery, rising above the $58,000 mark and reversing a brief bearish trend following the release of the U.S. Consumer Price Index (CPI) data. Investors are reacting to broader market trends and new inflows into crypto exchange-traded funds (ETFs). As anticipation builds for next week’s crucial FOMC meeting, where the Fed is expected to announce a 25 basis point interest rate cut, there is optimism that this could positively impact the crypto market."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's price has seen a slight decline of 0.97% since mid-August, currently trading around $58,360. Analysts are cautious, with some predicting a potential dip to the low $40,000s before a possible bull market resurgence. Markus Thielen from 10x Research forecasted that Bitcoin could fall into the low $40,000 range before rebounding. If Bitcoin drops to $45,000, it might trigger market fear and uncertainty, but a recovery to around $70,000 could lead to increased investor enthusiasm and fear of missing out (FOMO). Overall, the market sentiment remains fear-driven, as reflected in the Crypto Fear & Greed Index score of 31.”
CoinDCX Research Team told ABP Live, “The crypto market remained overall positive in the last 24 hours, even after neutral to negative U.S. PPI data. BTC experienced volatility and choppy price action in shorter time frames, while many altcoins showed strong upward movements. AI tokens, in particular, are demonstrating strength, correlating with NVDA's impressive performance, which is up by more than 10% over the last three days. Looking ahead, next week's Fed Funds rate data will be a key event and could introduce significant volatility to the 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.