Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, fell below the $62,000 mark early Monday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) have all fallen into the red due to the slump in the overall market fear and greed index. . According to CoinMarketCap data, it has a score of 52 out of 100 (neutral). THORChain (RUNE) token rose over 3% in 24 hours and emerged as the biggest gainer. Akash Network (AKT) had the biggest decline, falling nearly 9% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.25 trillion, a decline of 0.25% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, Bitcoin price was $61,442.21, up 0.85 percent in 24 hours. According to Indian exchange WazirX, the BTC price was 54.5 million rupees.
Ethereum (ETH) price today
ETH price was $2,927.93, up 0.25% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India was Rs 258,000,000.
Dogecoin (DOGE) price today
According to CoinMarketCap data, DOGE has fallen by 1.79% in 24 hours and is currently priced at $0.1409. According to WazirX, the price of Dogecoin in India was Rs 12.52.
Litecoin (LTC) price today
Litecoin fell by 0.51% in 24 hours. At the time of writing, it was trading at $80.79. The LTC price in India was 7,137.79 rupees.
Ripple (XRP) price today
XRP price was $0.5001, down 1.24% in 24 hours. According to WazirX, Ripple price was Rs 44.36.
Solana (SOL) price today
Solana price was $141.77, down 3.29% in 24 hours. According to WazirX, his SOL price in India was Rs 12,605.
Top crypto earners today (May 13th)
According to data from CoinMarketCap, the top 5 cryptocurrencies that gained in the past 24 hours are:
Saw Chain (Rune)
price: $6.05
24 hour increase: 3.57%
Toncoin (TON)
price: $7.10
24 hour increase: 2.48%
Bitcoin (BTC)
price: $61,367.26
24 hour increase: 0.70%
UNUS SED Leo (Leo)
price: $5.95
24 hour increase: 0.69%
BNB (BNB)
price: $592.21
24 hour increase: 0.42%
Top Cryptocurrency Losers Today (May 13th)
According to CoinMarketCap data, the top 5 crypto losers in the past 24 hours are:
Akash Network (AKT)
price: $5.27
24 hour increase: 8.77%
Immutable (IMX)
price: $2.09
24 hour increase: 7.81%
Arweave (AR)
price: $38.42
24 hour increase: 7.64%
PENDLE
price: $4.02
24 hour increase: 7.56%
Wormhole (W)
price: $0.5528
24 hour increase: 6.73%
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin struggled to maintain its recent recovery amid a surge in liquidations over the weekend, reaching $61,000. It was traded nearby.” Additionally, after a 10-year dormancy, there was $61 million in movement in two Bitcoin wallets, which also caused price fluctuations. The bulls are currently holding ground at $59,600 and are aiming to break above $62,600 to maintain the upward momentum. Support levels are $60,520 and $59,600, and resistance levels are $62,500 and $63,100. ”
“The crypto market appears to be in a lull, with many major cryptocurrencies consolidating in recent weeks,” said Parth Chaturvedi, investment director at CoinSwitch Ventures. Remained range bound. However, investor interest remains high and the index remains in the 'Greed' zone. Trading at around $609,000, blockchain activity on the BTC (-0.1%) network is showing low participation and transactions on the BTC network are facing a downturn. However, Jack Dorsey also joins the trend in his latest predictions for future BTC prices. Dorsey believes that BTC will exceed $1 million by 2030. ”
“Bitcoin’s fight to stay above $63,000 has heightened investor caution and increased focus on altcoins,” said WazirX Vice President Rajagopal Menon. Bitcoin, which is currently trading around $61,000, is facing increasing selling pressure and requires a key support hold at $60,000 to prevent further declines. The inability to sustain higher levels has significantly dampened bullish sentiment and casts a shadow over the crypto market as a whole, especially with key economic indicators such as the April inflation rate just around the corner. ”
Satvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin price is around $61,154, a slight increase of 0.60% in 24 hours, trading volume is over $13 billion, market capitalization is approaching $1.2 trillion.” The bulls are defending the $61,000 support level, which is important to maintain momentum. The current price center is $60,975, and if it is firmly broken, the resistance levels are $63,400, $65,050, and $67,160. Conversely, support is located at $59,075, $56,640, and $54,400. Technical indicators are mixed. The RSI of 45 suggests balance, while the 50-day EMA at $61,875 suggests a bearish undertone. If Bitcoin does not sustainably close above this moving average, it may be difficult to sustain the rally. ”
The CoinDCX research team told ABP Live: “Over the weekend, the crypto market maintained a sideways trend, with BTC and ETH consolidating within their respective ranges, while altcoins showed mixed trading performance. While there was no price movement, there were notable developments among traditional financial companies adopting Bitcoin, with both JPMorgan Chase and Wells Fargo in recent filings with the U.S. Securities and Exchange Commission. revealed their exposure to Bitcoin spot trading funds.While their Bitcoin allocation remains small, this represents a positive step towards mainstream adoption and is good for the crypto market. It’s an omen.”
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Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. Regulatory remedies may not be available for losses from such transactions. Cryptocurrencies are not legal tender and are therefore subject to market risks. Readers are advised to seek professional advice and carefully read the offer document together with relevant key literature on the subject before making any type of investment. cryptocurrency Market forecasts are speculative and investments are made at the reader's sole expense and risk.
