Altcoin
Bitcoin Stuck in Range, Altcoins Slide Amid Market Pressure
Crypto market today is stuck in the zone, with Bitcoin trading steadily between $92K and $96K. Altcoins, following Bitcoin’s range-bound movement, have seen notable price drops. Virtual Protocols (VIRTUAL) plunged by 11% in the last 24 hours, followed by AI16Z, which dropped 8%.
The overall cryptocurrency price action reflects growing market concerns, including FTX liquidations and rumors of a potential U.S. government sell-off of Silk Road-related Bitcoin holdings. These events have weighed heavily on investor sentiment.
The global crypto market declined by approximately 1%, bringing the total market cap to around $3.3 trillion. Trading volume also dropped compared to last week, now standing at $74 billion.
Here’s an overview of some leading cryptocurrencies and their prices on Jan 13.
Crypto Market Today: Bitcoin Holds Range, Altcoins Decline
Bitcoin price fell by 0.5% over the past 24 hours, trading within its usual range on Jan 13. Meanwhile, major altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) dropped between 1% and 5%.
The crypto market today remains cautious as investors watch for key developments ahead of pro-crypto President Donald Trump’s inauguration next week. His stance on digital assets could significantly influence the market’s direction in the coming weeks.
Bitcoin Market Today
Bitcoin (BTC) price was trading at $94,275, with its 24-hour low at $93,743 and high at $95,869. BTC’s market cap slipped below the $2 trillion mark, now standing at approximately $1.86 trillion.
In crypto market today, BTC recorded a movement of $900 million on the 16th anniversary of the historic “Bitcoin” tweet. Despite the buzz, Bitcoin’s price action remains range-bound, reflecting broader market caution.
Ethereum Market Today
Ethereum (ETH) price was trading at $3,257, down by approximately 1% in the last 24 hours. Its 24-hour low and high stood at $3,225 and $3,336, respectively.
According to Coinglass data, ETH price saw liquidations worth $7.7 million in the past 24 hours. Out of this, $1.1 million came from long positions, while a significant $6.6 million was from short positions, reflecting increased market volatility.
XRP Market Today
XRP price was trading at $2.52, with a drop of less than 1% over the last 24 hours. Its 24-hour low and high stood at $2.47 and $2.56, respectively.
Veteran trader Peter Brandt highlighted that XRP’s price chart is forming a bull flag pattern on the daily timeframe. If this pattern confirms, XRP could skyrocket a potential price target of $3.40. In the crypto market today, XRP remains one to watch for traders eyeing bullish momentum.
Solana Market Today
Solana (SOL) price was trading at $185, with its 24-hour low at $184 and high at $191. The crypto market today shows SOL maintaining its position despite broader market pressure.
Top Crypto Market Gainers Today
As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:
Hyperliquid (HYPE)
Price: $21.51
24-hour gain: +5%
KuCoin Token (KCS)
Price: $11.31
24-hour gain: +4.5%
Raydium (RAY)
Price: $4.59
24-hour gain: +2%
Monero (XMR)
Price: $199
24-hour gain: +1.8%
XDC Network (XDC)
Price: $0.1012
24-hour gain: +1%
Top Crypto Loser Market Today
As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:
Virtual Protocols (VIRTUAL)
Price: $2.58
24-hour loss: -11%
AI16Z (AI16Z)
Price: $1.08
24-hour loss: -8%
SPX6900 (SPX)
Price: $0.997
24-hour loss: -7.5%
Ondo (ONDO)
Price: $1.16
24-hour loss: -7%
Bitget Token (BGB)
Price: $6.78
24-hour loss: -6.35%
Meme Crypto Market Today
Meme cryptocurrencies have also seen a dip in the last 24 hours. Dogecoin (DOGE) price was down by 1.87%, trading at $0.3329, with its 24-hour low and high at $0.3319 and $0.3453, respectively. According to Coingape report, Dogecoin open interest surged to $3.5 billion amid news surrounding Trump’s inauguration. Similarly, Shiba Inu (SHIB) price fell by 3.2% and is now trading at $0.00002101.
Other notable meme coins, including PEPE, BONK, PENGU, and WIF, also experienced a 3-5% decline in the last 24 hours.
On a positive note, Bitcoin (BTC) price saw a slight rise of 0.2% in the past hour, offering some optimism. Ethena (ENA) price led with a 2% gain in the last hour, while most other altcoins showed bearish momentum, remaining in the red at the time of writing. The crypto market today remains mixed with some pockets of recovery amidst ongoing losses.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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