Today’s Cryptocurrency Price in India (July 13): Exploring Global Market Cap of Bitcoin (BTC), Ethereum, Doge, Solana, Litecoin (LTC), and Compound (COMP)
Bitcoin remained stable around the $30,000 range, while altcoins like Ethereum, Dogecoin, Litecoin, Solana, and Ripple saw minor fluctuations. The biggest gainer was the Compound token, with a 5% jump in 24 hours, while Wrapped Bitcoin experienced the biggest loss, dipping over 16%. The global crypto market cap reached $1.18 trillion, with a minor 0.84% dip in 24 hours.
Bitcoin price stood at $30,300.12 with a 1.03% dip in 24 hours. Ethereum price was $1,866.99 with a 0.74% dip, while Dogecoin was priced at $0.06469 with a 1.04% dip. Litecoin saw a 1.05% loss, trading at $95.90, and Ripple had a 0.74% dip, priced at $0.4716. Solana experienced a 1.52% dip, with a price of $21.70.
The top crypto gainers in the past 24 hours were Compound, BitDAO, Conflux, Bitcoin Cash, and Nexo. The top five losers were Wrapped Bitcoin, Kava, Algorand, Render Token, and Flow.
Market experts shared their insights on the current market scenario. Edul Patel, CEO of Mudrex, attributed Bitcoin’s volatility to the US government’s movement of Silk Road-linked Bitcoin worth $300 million. Shubham Hudda, Senior Manager at CoinSwitch, noted the indecisiveness among investors despite positive inflation data. Rajagopal Menon, VP of WazirX, expressed concerns about inflation’s impact on Bitcoin. Sathvik Vishwanath, CEO of Unocoin, analyzed Bitcoin’s resistance and support levels. Shivam Thakral, CEO of BuyUCoin, highlighted Bitcoin’s stability and Decentralized Finance’s growing market share.
CoinDCX Research Team noted the cautious monitoring of the potential impact of the US CPI data for June on Bitcoin’s performance and the positive trend in the crypto market with inflows into crypto-linked investment products.
The content concludes with a disclaimer, advising readers to carefully consider the risks involved in cryptocurrency investments and to seek expert advice.