Cryptocurrency Price Today: Bitcoin Rises Above $18,000, Ethereum Breaks $1,400 Barrier After Months
Cryptocurrency price on January 12 quick take: Ethereum managed to climb above the $1,400 mark for the first time since November 2022.
Ethereum (ETH) climbed above the $1,400 mark on early Thursday morning, breaking the barrier for the first time since November last year. Bitcoin (BTC), on the other hand, managed to climb above the $18,000 mark for the first time since December 2022. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — managed to land in the greens. The Avalanche (AVAX) token became the top gainer of the lot, with a 24-hour gain of over 28 percent.
The global crypto market cap stood at $890.02 billion at the time of writing, registering a 24-hour gain of 4.16 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $18,219.22, registering a 24-hour gain of 4.61 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 15.38 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,401.46, marking a 24-hour gain of 5.24 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.17 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour jump of 4.50 percent, as per CoinMarketCap data, currently priced at $0.08009. As per WazirX, Dogecoin price in India stood at Rs 6.71.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 5.33 percent. At the time of writing, it was trading at $84.74. LTC price in India stood at Rs 7,298.
Ripple (XRP) price today
XRP price stood at $0.3775, seeing a 24-hour gain of 7.90 percent. As per WazirX, Ripple price stood at Rs 31.50.
Solana (SOL) price today
Solana price stood at $16.45, marking a 24-hour gain of 2.73 percent. As per WazirX, SOL price in India stood at Rs 1,408.
Top crypto gainers today (January 12)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Avalanche (AVAX)
Price: $15.98
24-hour gain: 28.02 percent
NEAR Protocol (NEAR)
Price: $1.81
24-hour gain: 12.64 percent
Fantom (FTM)
Price: $0.2611
24-hour gain: 9.72 percent
Helium (HNT)
Price: $2.14
24-hour gain: 8.54 percent
Axie Infinity (AXS)
Price: $7.93
24-hour gain: 8.15 percent
Top crypto losers today (January 12)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitcoin SV (BSV)
Price: $41.31
24-hour loss: 6.97 percent
XDC Network (XDC)
Price: $0.02647
24-hour loss: 0.06 percent
Lido DAO (LDO)
Price: $1.90
24-hour loss: 0.04 percent
Tether (USDT)
Price: $1.00
24-hour loss: 0.01 percent
TrueUSD (TUSD)
Price: $1.00
24-hour loss: 0.01 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Altcoins have seen impressive growth since the start of the year. In fact, Bitcoin's market dominance has been down by 1 percent to 39.2 percent since last week. Ethereum is trading above $1,300, and other altcoins such as Binance Coin, Dogecoin, Polygon, OKB, and Litecoin have seen daily increases of up to 2 percent. Ripple had the highest jump in the past 24 hours, with its value jumping by about 5 percent and reaching close to $0.37. However, Lido DAO's LDO token has experienced a significant retracement and is down 8 percent daily. Overall, the total value of the cryptocurrency market is still well above $850 billion.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin has surpassed $17,500, showing bullish tendencies. Meanwhile, Ethereum's price has stabilized in the range of $1,320 to $1,345 and Ripple has seen a growth of 5 percent to reach $0.3700. The recent market panic caused by FTX's collapse in November is showing signs of subsiding. For the first time, the three-month futures of Bitcoin listed on the Chicago Mercantile Exchange are drawing a premium above its current spot market price, indicating a shift towards institutional trading away from shorting the market. Bitcoin has been more stable than expected in the past two months, with a decline being halted around $16,000.”
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin is showing early signs of another bull run as it broke the $18,000 resistance today. BTC volume in the last 24 hours stood at approximately $22 billion which is a jump of 40 percent in the last 24 hours. The crypto market is witnessing a series of positive developments such as Dubai issuing federal-level regulations, FTX recovering customer funds, and improvement of macroeconomic conditions, as a result of which, the crypto market is moving north with signs of sustained momentum.”
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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