HYPE leads, Bitcoin steady at $64,000.

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Quick analysis on the pricing of cryptocurrencies on January 13: The total value of the world market fell to $3.29 trillion.

 

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), stayed below $95,000 throughout the weekend. According to CoinMarketCap statistics, the overall Market Fear & Greed Index was 47 (Neutral) out of 100, meaning that other well-known altcoins, including as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also saw declines. With a 24-hour increase of about 6%, the Hyperliquid (HYPE) token was the biggest gainer. The largest loser today was Virtuals Protocol (VIRTUAL), which saw a 24-hour decline of more than 12 percent.

 

At the time of writing, the worldwide cryptocurrency market capitalization was $3.29 trillion, representing a 0.8 percent 24-hour loss.

The Current Price of Bitcoin (BTC)

According to CoinMarketCap, the price of bitcoin was $94,639.38, representing a 0.07 percent 24-hour increase. Indian markets reported that the price of bitcoin was Rs 81.85 lakh.

The current price of Ethereum (ETH)

At the time of writing, the price of ETH was $3,244.19, a 1.28 percent 24-hour decline. In India, the price of Ethereum was Rs 2.81 lakh.

The current price of Dogecoin (DOGE)

According to CoinMarketCap data, DOGE saw a 2.42 percent 24-hour drop and is presently trading at $0.3343. In India, the price of Dogecoin was Rs 28.92.

The current price of Litecoin (LTC)

Over a 24-hour period, Litecoin lost 3.15 percent of its value. It was trading at $101.45 at the time of publication. In India, the price of LTC was Rs

 

The Current Price of Ripple (XRP)

 

The price of XRP was $2.53 after a 0.88 percent 24-hour decline. In India, the price of ripple was Rs 218.50.

 

The current price of Solana (SOL)

 

At $185.94, the price of Solana had dropped 0.38 percent in a day. In India, the price of SOL was Rs 15,924.36.

 

Today’s Top Crypto Gainers (January 13)

 

The top five cryptocurrency gainers during the last 24 hours, according to CoinMarketCap data, are as follows:

HYPE, or hyperliquid

 

Cost: $21.38

Gain in a day: 5.03 percent

 

The KuCoin Token (KCS)

 

Cost: $11.29; gain in 24 hours: 4.05%

 

Raydium

 

Cost: $4.59

Gain in a day: 2%

 

Monero (XMR)

 

Cost: $198.62

Gain over 24 hours: 0.92 percent

 

The XDC Network (XDC)

 

Cost: $0.101

Gain over 24 hours: 0.23 percent

Today's Top Crypto Losers (January 13)

The top five cryptocurrency losers over the last day, according to CoinMarketCap data, are as follows:

 

Protocol for Virtuals (VIRTUAL)

 

Cost: $2.58

Loss over a 24-hour period: 12.36%

 

SPX6900 (SPX)

 

Cost: $0.9969

Loss over 24 hours: 8.02 percent

 

Ethena (ENA)

 

Cost: $0.8319

Loss over 24 hours: 7.46 percent

 

The Bitget Token (BGB)

 

Cost: $6.78

Loss over 24 hours: 7.16 percent

 

Ondo (ONDO)

 

Cost: $1.17

Loss over 24 hours: 6.97 percent

Crypto Exchanges' Reactions to the Present Market Situation

“After briefly touching $95,800, Bitcoin is stabilizing near the $94,000 mark,” Edul Patel, co-founder and CEO of Mudrex, told ABP Live. Following better-than-expected US non-farm statistics, profit booking persisted in the overall market. Volumes in altcoins like as XRP and others rose by 80%, signaling a reversal in price movement, even if the markets were trading sideways. Currently, in order to build momentum for any further rallies, Bitcoin must remain above $92,300. At $96,300, the resistance is present.

 

According to the CoinSwitch Markets Desk, “Bitcoin prices stayed relatively steady over the weekend, circling the 94k mark with little movement.” However, despite its best efforts, XRP was unable to break through the critical resistance level at 2.6 dollars, which was necessary for a further surge. Since the Fed may halt rate cuts in 2025 due to better-than-expected economic data, markets have been somewhat declining. The actual statistics exceeded the estimate of 167k jobs added in December by a significant margin, coming in at 256k.

 

“Bitcoin recently tested the $100,000 level but failed to hold and fell to the critical support at $92,000,” stated Sathvik Vishwanath, CEO and co-founder of Unocoin. Although this support has been held multiple times on the daily chart, retests raise the possibility of a failure, with $85,000 as a possible target. On the other hand, if it contains $92,000, Bitcoin might attempt to increase even more, reaching $100,000 and higher.There are no discernible signs of a comeback, and bearish momentum dominates the four-hour chart. Funding rates are declining, according to chain data, which reflects market uncertainty. Reduced speculative pressure, however, indicates that spot market demand may result in long-term expansion, contingent on a breach of significant resistance levels.

 

According to CoinDCX co-founder Sumit Gupta, “Bitcoin is still below $95,000 and the 100-hourly SMA, with key resistance around $95,500 and immediate resistance close to $95,000.” The price may move above $97,000 if it breaks out over $96,000, which would correspond with the 50% Fib retracement from the high of $102,761 to the low of $91,168. In the meantime, Bitcoin’s range-bound movement has caused altcoins to see steep drops.

 

“Bitcoin’s recent rollercoaster ride, which included a sharp correction from over $102,000 to lows around $91,250, highlights the market’s inherent volatility but also its cyclical nature,” stated Avinash Shekhar, co-founder and CEO of Pi42. Strong recoveries have frequently followed such price declines in the past, such as the one that occurred in December 2024 when Bitcoin dropped from $100,000 to $90,000. As an illustration, consider how, only a few weeks after a notable decline, Bitcoin reached its all-time high of $108,000 in mid-December.

 

“Bitcoin has recovered impressively in the last 24 hours, currently trading above $94,500, reflecting a resilient market sentiment amid ongoing volatility,” stated Shivam Thakral, CEO of BuyUcoin. Market expectations have risen as Donald Trump gets ready for his January 20, 2025, inauguration. Trump has laid out bold ambitions for his first day in office, such as possible import tariffs on important trading partners and cryptocurrency changes. It is anticipated that this aggressive strategy will stimulate markets and draw interest from investors in cryptocurrency assets. Investors were excited by this, which also suggests that the banking industry is moving toward innovation and liberalization.

FAQ

The global cryptocurrency market fell to $3.29 trillion on January 13, 2025, primarily due to Bitcoin’s inability to hold above the $95,000 mark and broader declines in altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP). Market volatility, combined with profit-booking after the release of better-than-expected US economic data, contributed to the downturn.

Bitcoin’s price has been highly volatile, with recent movements testing resistance levels above $95,000. Factors influencing its fluctuations include market sentiment, economic data releases, speculative activity, and regulatory developments. The market is currently in a phase of consolidation, with Bitcoin’s price ranging between key support and resistance levels, such as $92,000 and $96,300.

Ethereum (ETH) and Solana (SOL) experienced price declines over the past 24 hours. Ethereum lost 1.28%, while Solana fell by 0.38%. These declines are part of the broader market trend, where altcoins are underperforming amid Bitcoin’s price stability. However, market reversals could occur if Bitcoin breaks through critical resistance levels.

Hyperliquid (HYPE) has been one of the biggest gainers in the past 24 hours, with a 5.03% increase. Its performance contrasts with the broader market trend, as it has shown resilience despite the declines in other cryptocurrencies. Its recent gains make it a token to watch in the near future.

The upcoming inauguration of Donald Trump on January 20, 2025, is expected to impact the cryptocurrency market positively, as his potential policies could lead to changes in import tariffs and regulations surrounding digital assets. This has generated optimism among investors, driving market expectations and renewed interest in cryptocurrencies.

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