Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $22,000 mark as the global crypto market seems to ride high on the upcoming Ethereum Merge. Ethereum (ETH), the second most-valued crypto coin after Bitcoin, managed to hold steady within the $1,700 range. Among popular altcoins, Solana (SOL) saw a massive gain of above 10 percent in the last 24 hours. Among lesser-known altcoins, Ravencoin (RVN) emerged to be the biggest gainer in the last 24 hours.
At the time of writing, the global crypto market cap stood at $1.06 trillion, marking a 1.33 percent gain in the last 24 hours, as per CoinMarketCap data.
Bitcoin (BTC) price today
As per CoinMarketCap, Bitcoin saw a 24-hour gain of 2.85 percent, priced at $22,304.70. As per Indian exchange WazirX, BTC price stood at Rs 18.36 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,719.31, marking a 24-hour dip of 0.56 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.42 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.61 percent as per CoinMarketCap data, currently priced at $0.06366. As per WazirX, Dogecoin price in India stood at Rs 5.20
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 1.32 percent. At the time of writing, it was priced at $61.86. LTC price in India stood at Rs 5,000.
Ripple (XRP) price today
XRP price stood at $0.3551, seeing a 24-hour gain of 1.13 percent. As per WazirX, Ripple price stood at Rs 29.15.
Solana (SOL) price today
Solana price stood at $38.58, marking a 24-hour gain of 10.47 percent. As per WazirX, SOL price in India stood at Rs 3,090.
Top crypto gainers today (September 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 23.35 percent
24-hour gain: 11.99 percent
24-hour gain: 10.70 percent
24-hour gain: 8.60 percent
Trust Wallet Token (TWT)
24-hour gain: 6.78 percent
Top crypto losers today (September 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Terra Classic (LUNC)
24-hour loss: 19.59 percent
24-hour loss: 19.36 percent
24-hour loss: 16.02 percent
Curve DAO Token (CRV)
24-hour loss: 3.27 percent
24-hour loss: 3.00 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has shown some signs of optimism, with increasing buying strength over the past few days. BTC extended a relief rally for the fourth consecutive day after a period of consolidation. If BTC manages to hold above the current level, the next immediate resistance of BTC could be at $24,000. In contrast, Ethereum has been changing hands at $1,690. It suffered a 2 percent dip as the uncertainty increased ahead of the Merge. If ETH can hold above the $1,689 level, it will bounce back to the $1,700 mark. But if it fails to do so, one can expect the test of a critical support level at $1,650.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Monday was pretty bearish compared to last week, as approximately 75 percent of the top 100 coins and tokens ended the day in the red zone. The highest gain was seen by the coin named Golem (GLM) by approximately 48 percent in the last 24 hours. Golem is an Ethereum-based platform that allows software developers to use unused computing resources. This coin has faced the highest fluctuations as this coin was not a part of the top 100 coins and tokens but recently has made its highest growth in a single day. This kind of behaviour of the global crypto market could indicate that new projects are coming through and taking over the steady-paced coins and tokens. The highest trending token LUNA has lost close to 25 percent in the last 24 hours whereas the overall growth it had in the last 7 days was 119 percent. The upcoming week is expected to have more such variations throughout the global crypto market.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “The crypto market capital continued to hold above $1 trillion ahead of the examination of US inflation data by the Federal Open Market Committee on Tuesday. Bitcoin, which bounced back over the weekend, continued to trade above $22,000. Meanwhile, Ethereum is supposed to complete the much-awaited Merge from proof-of-work to proof-of-stake consensus mechanism this week. It declined by approximately 4 percent in the last 24 hours. The two key cryptocurrencies seem to be reacting to inflation readings and expectations from the Merge.”
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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