Bitcoin (BTC) and Ethereum (ETH), two of the most valued crypto coins, managed to remain stable within the $17,000 and $1,300 range early Wednesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and losses across the board. The WOO Network (WOO) token managed to become the top gainer with a 24-hour jump of 10.46 percent. GALA, on the other hand, emerged as the top loser, with a 24-hour dip of 9.73 percent.
The global crypto market cap stood at $854.99 billion at the time of writing, registering a 24-hour gain of 0.77 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $17,409.74, registering a 24-hour gain of 1.05 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.74 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,330.87, marking a 24-hour jump of 0.27 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.13 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.77 percent, as per CoinMarketCap data, currently priced at $0.07649. As per WazirX, Dogecoin price in India stood at Rs 6.55.
Litecoin (LTC) price today
Litecoin saw a 24-hour loss of 1.02 percent. At the time of writing, it was trading at $80.51. LTC price in India stood at Rs 6,800.01.
Ripple (XRP) price today
XRP price stood at $0.3638, seeing a 24-hour gain of 4.59 percent. As per WazirX, Ripple price stood at Rs 31.
Solana (SOL) price today
Solana price stood at $16, marking a 24-hour loss of 0.44 percent. As per WazirX, SOL price in India stood at Rs 1,351.
Top crypto gainers today (January 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
WOO Network (WOO)
24-hour gain: 10.46 percent
24-hour gain: 8.04 percent
24-hour gain: 3.49 percent
Shiba Inu (SHIB)
24-hour gain: 3.07 percent
24-hour gain: 2.70 percent
Top crypto losers today (January 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 9.73 percent
24-hour loss: 5.45 percent
24-hour loss: 3.88 percent
24-hour loss: 3.46 percent
Lido DAO (LDO)
24-hour loss: 3.24 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the last 24 hours, Bitcoin has traded above the $17,400 level in anticipation of the release of US inflation data which is scheduled to be published tomorrow. Bitcoin has grown almost 5 percent over the past 7 days. The upward trend since the weekend could be linked to the accumulation of whales in the past two days. If this positive momentum continues, Bitcoin may reach the resistance level of $17,500 by the end of the week.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is trading around $17,200 and Ethereum around $1,350, both currencies have been showing a bullish trend lately. A flat market and contagion risks aren’t deterring crypto traders from finding the next major narrative to generate returns, and a meme coin is at the centre of that in the Solana (SOL) ecosystem. Bonk, a Shiba Inu-themed token that was issued on December 25, has returned 2,220 percent to traders in the past week, with a 150 percent rise in the past 24 hours alone. The token was airdropped to Solana NFT communities and creators, which led to quick hype and trading volumes for the token.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “After a day of big moves in the green, the cryptocurrency market on Tuesday showed some flat movement. Both Bitcoin and Ethereum held ground and maintained their position above $17,000 and $1,300, respectively. Other currencies including Cardano and Solana also saw big gains over the last week. The market has been reacting positively to the news of easing macroeconomic conditions due to which trading volume is also seeing a jump.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market remains stable with crypto heavyweights like Bitcoin and Ether witnessing a marginal jump in their value. Altcoins also registered a healthy surge led by Solana which is up by 18 percent in the last seven days and is exchanging hands at $16. Investors will be closely watching the developments at Coinbase to take informed investment decisions in the mid- to short-term.”
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.