Cryptocurrency Price Today: Ethereum Rises Above $1,300, Bitcoin Remains Stable Above $17,000
Cryptocurrency price on January 10 quick take: Ethereum price rose above the $1,300 mark after days of slump.
Ethereum (ETH) price managed to rise above the $1,300 mark as the overall crypto market started seeing an upswing this week. Bitcoin (BTC), the world’s oldest crypto coin, remained above $17,000 on early Tuesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) — saw a mix of gains and losses across the board. The Aptos (APT) token became the top gainer of the lot, with a 24-hour gain of over 24 percent.
The global crypto market cap stood at $848.99 billion at the time of writing, registering a 24-hour dip of 0.01 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $17,208.06, registering a 24-hour gain of 0.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.67 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,323.12, marking a 24-hour gain of 0.97 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.11 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour dip of 0.03 percent, as per CoinMarketCap data, currently priced at $0.0755. As per WazirX, Dogecoin price in India stood at Rs 6.50.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 1.04 percent. At the time of writing, it was trading at $81.06. LTC price in India stood at Rs 6,801.39.
Ripple (XRP) price today
XRP price stood at $0.3476, seeing a 24-hour dip of 1.73 percent. As per WazirX, Ripple price stood at Rs 29.38.
Solana (SOL) price today
Solana price stood at $15.90, marking a 24-hour loss of 1.85 percent. As per WazirX, SOL price in India stood at Rs 1,332.
Top crypto gainers today (January 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Aptos (APT)
Price: $5.06
24-hour gain: 24.61 percent
Gala (GALA)
Price: $0.04298
24-hour gain: 24.39 percent
Ziliqa (ZIL)
Price: $0.02441
24-hour gain: 6.26 percent
Chiliz (CHZ)
Price: $0.1205
24-hour gain: 5.86 percent
GMX (GMX)
Price: $43.58
24-hour gain: 5.40 percent
Top crypto losers today (January 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethereum Classic (ETC)
Price: $20.09
24-hour loss: 5.68 percent
Cardano (ADA)
Price: $0.3137
24-hour loss: 5.46 percent
NEAR Protocol (NEAR)
Price: $1.62
24-hour loss: 4.32 percent
Optimism (OP)
Price: $1.25
24-hour loss: 4.15 percent
Frax Share (FXS)
Price: $5.51
24-hour loss: 4.08 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin reached a three-week high, rising above the $17,200 level as market participants continue to react ahead of the US inflation data which is to be released this week. This marked the highest point for BTC since mid-December. If the positive trend continues, the next resistance level for Bitcoin would be at $17,400, with a support level at $17,050.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin and Ether prices rose this week. The increase in prices came on a day with lower-than-expected inflation expectations. Lower inflation expectations are good news for investors in these cryptocurrencies. Both Bitcoin and Ether prices rose further after the FOMC announcement.Bitcoin was up 1.5 percent and ether was up 4 percent on higher than average volume”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "After a day of big moves in the green, the cryptocurrency market on Tuesday showed some flat movement. Both Bitcoin and Ethereum held ground and maintained their position above $17,000 and $1,300, respectively. Other currencies including Cardano and Solana also saw big gains over the last week. The market has been reacting positively to the news of easing macroeconomic conditions due to which trading volume is also seeing a jump.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market remains stable with Bitcoin and Ether showing marginal jump after witnessing a strong upswing yesterday. Solana, which was caught in the FTX collapse, has received a new lease of life in 2023 with a mega rally of 42 percent in the past 7 days. The current favourable macroeconomic factors are boosting the value of dormant crypto assets and this may be a good sign for the crypto market in the long term.”
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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