Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Land In Red; Helium Becomes Top Gainer
Cryptocurrency price on January 6 quick take: The global crypto market cap stood at $816.21 on Friday morning.
Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, registered minor losses as the overall crypto market saw reds across the board. Other top altcoins — including the likes of Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) — saw losses in the past 24 hours. The Helium (HNT) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 8 percent. TRON (TRX), on the other hand, became the biggest loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $816.21 billion at the time of writing, registering a 24-hour dip of 0.54 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $16,818.02, registering a 24-hour dip of 0.16 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.50 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,250.08, marking a 24-hour dip of 0.32 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.07 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 3.43 percent, as per CoinMarketCap data, currently priced at $0.07112. As per WazirX, Dogecoin price in India stood at Rs 6.21.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 2.49 percent. At the time of writing, it was trading at $74.19. LTC price in India stood at Rs 6,307.01.
Ripple (XRP) price today
XRP price stood at $0.3368, seeing a 24-hour dip of 3.05 percent. As per WazirX, Ripple price stood at Rs 28.85.
Solana (SOL) price today
Solana price stood at $13.17, marking a 24-hour dip of 1.37 percent. As per WazirX, SOL price in India stood at Rs 1,149.86.
Top crypto gainers today (January 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Helium (HNT)
Price: $1.83
24-hour gain: 8.40 percent
BitDAO (BIT)
Price: $0.4224
24-hour gain: 5.52 percent
Kava (KAVA)
Price: $0.6514
24-hour gain: 3.37 percent
Monero (XMR)
Price: $156.12
24-hour gain: 2.93 percent
Cardano (ADA)
Price: $0.2735
24-hour gain: 2.66 percent
Top crypto losers today (January 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
TRON (TRX)
Price: $0.05028
24-hour loss: 7.82 percent
eCash (XEC)
Price: $0.00002379
24-hour loss: 6.62 percent
Huobi Token (HT)
Price: $4.59
24-hour loss: 6.02 percent
NEAR Protocol (NEAR)
Price: $1.52
24-hour loss: 5.88 percent
Casper (CSPR)
Price: $0.02819
24-hour loss: 5.74 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidated below the $17,000 level as market volatility remained high following the recent FOMC’s minutes. The market participants reacted to the FOMC’s minutes, where the Fed has seemingly agreed to maintain interest rate hikes. The bank expects a more aggressive rise in inflation to be at 3.5 percent this year, which is higher than expected. BTC’s immediate support lies at the $16,800 level. And the resistance lies at $16,900 and then $17,000. However, a clear move above the $17,000 level might create a sense of confidence among the bulls to move further.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The current Bitcoin price is $16,855, with a trading volume of $13 billion in the last 24 hours. If the price falls below the support level of $16,775, it may drop to as low as $16,450. However, if the price shows a buying tendency above the $16,775 level, it could continue to rise. It is important to monitor the price action at the $16,775 level.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, "The global crypto market cap remained below $900 billion, Bitcoin was under $17,000 and Ethereum under $1,300 as volatility in the market continued to affect value. Other cryptocurrencies including XRP, Dogecoin and Polygon also saw a decline in the last 24 hours. This comes after minutes from the US Federal Reserve meeting showed that inflation remains the key focus area with continued high-interest rates.”
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin and Ethereum continue to be stable despite the concerns surrounding the economy and the hawkish stance taken by central banks. The US jobs report slated to be released today may shake up the traditional and crypto market next week. Any indication of strong hiring will encourage Fed to continue with aggressive interest rate hikes which may have an adverse impact on the investment activity in the markets.”
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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