Cryptocurrency Price Today: Bitcoin, Other Top Coins Trading Sideways, COMP Becomes Top Gainer
Cryptocurrency price on July 13 quick take: The global market cap dipped to $1.18 trillion.
Bitcoin, the world’s oldest and most valued crypto, managed to remain stable within the $30,000 range. Popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and Ripple (XRP) — saw minor movements across the board. The Compound (COMP) token, emerged to be the biggest gainer early Thursday, with a 24-hour jump of over 5 percent. Wrapped Bitcoin (WBTC), on the other hand, became the biggest gainer, with a 24-hour dip of over 16 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a minor 24-hour dip of 0.84 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,300.12, registering a 24-hour dip of 1.03 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.91 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,866.99 marking a 24-hour dip of 0.74 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.60 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.04 percent, as per CoinMarketCap data, currently priced at $0.06469. As per WazirX, Dogecoin price in India stood at Rs 5.64.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.05 percent. At the time of writing, it was trading at $95.90. LTC price in India stood at Rs 8,248.37.
Ripple (XRP) Price Today
XRP price stood at $0.4716, seeing a 24-hour dip of 0.74 percent. As per WazirX, Ripple price stood at Rs 40.33.
Solana (SOL) Price Today
Solana price stood at $21.70, marking a 24-hour dip of 1.52 percent. As per WazirX, SOL price in India stood at Rs 1,854.72.
Top Crypto Gainers Today (July 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Compound (COMP)
Price: $70.08
24-hour gain: 5.16 percent
BitDAO (BIT)
Price: $0.473
24-hour gain: 4.86 percent
Conflux (CFX)
Price: $0.197
24-hour gain: 3.49 percent
Bitcoin Cash (BCH)
Price: $284.08
24-hour gain: 3.42 percent
Nexo (NEXO)
Price: $0.6309
24-hour gain: 2.46 percent
Top Crypto Losers Today (July 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Wrapped Bitcoin (WBTC)
Price: $23,717.87
24-hour loss: 16.01 percent
Kava (KAVA)
Price: $0.9327
24-hour loss: 11.03 percent
Algorand (ALGO)
Price: $10.1036
24-hour loss: 5.11 percent
Render Token (RNDR)
Price: $1.92
24-hour loss: 4.36 percent
Flow (FLOW)
Price: $0.5715
24-hour loss: 3.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “In the last 24 hours, Bitcoin has witnessed price volatility, despite the positive inflation data reported in June's CPI. The cryptocurrency has encountered difficulties in surpassing the US$30,500 threshold. The volatility is due to the US government's movement of approximately $300 million worth of Silk Road-linked Bitcoin in three separate transactions, as indicated by on-chain data on Wednesday. Similar incidents in the past, including a billion-dollar Bitcoin transfer from the same wallet in March, have had significant repercussions on major cryptocurrencies, leading to substantial declines. Currently, Bitcoin faces resistance levels at $30,400 and $30,550. If it fails to overcome these resistance levels, it could potentially trigger further declines, bringing the price closer to its support level at $30,230.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “Even bullish CPI data highlighting the lowest inflation in two years (3 percent, better than the 3.1 percent forecast) was not able to give the market any positive momentum. This could be indicative of indecisiveness among the investors. The possibility of BTC’s downside support getting tested is likely to increase as even the US equity index S&P 500 was up 0.75 percent in the wake of the positive CPI data.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin investors initially embraced news of an inflation slowdown, leading to BTC's rise to nearly $31,000. Yet, it fell below $30,500, down over 1 percent post-CPI release. June's consumer prices rose 3 percent YoY (compared to 4 percent in May) while core inflation moderated to 4.8 percent. This unexpected market response raises concerns regarding inflation's impact on Bitcoin. On WazirX, Helium (HNT) and WazirX Token (WRX) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently in an uptrend, hovering around $30,380 with resistance near $31,000 and strong resistance at $31,350. A successful break above $31,350 could push the price towards further targets around $32,500 or even higher to $34,150. On the downside, there is immediate support at $30,300 and potentially $29,650. A significant break below $29,650 could lead to a decline towards $28,650 or lower to $27,900. Monitoring the $31,000 level is crucial for potential buying opportunities. Despite recent lawsuits against major exchanges such as Binance and Coinbase, Bitcoin has shown resilience, currently up 18 percent from last month at $30,700, with a dominant market share of over 50 precent.”
Shivam Thakral, the CEO of BuyUCoin, said, “The bitcoin market has demonstrated its persistence by transacting $30.59 billion in total over the last day, a phenomenal increase of 14.21 percent. Decentralised finance (DeFi), which accounts for $2.1 billion, or 6.85 percent of the market's overall turnover, is also growing. As seen by its present price of $30,298, the leading cryptocurrency, Bitcoin, is also stable in the market.”
CoinDCX Research Team told ABP Live, “Bitcoin continues to hold above $30,000 reflecting a 1 percent increase in the last 24 hours, with the impending release of US CPI data for June. The market is cautiously monitoring its potential impact on Bitcoin's performance. The crypto market witnessed a positive trend, with crypto-linked investment products experiencing net inflows of $136 million in the last week. This marks the third consecutive week of inflows, effectively correcting the prior nine weeks of outflows.”
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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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