Home Business & Economy Cryptocurrency Price : Bitcoin, Ethereum Remain Stable; XEC Becomes Top Gainer

Cryptocurrency Price : Bitcoin, Ethereum Remain Stable; XEC Becomes Top Gainer

Cryptocurrency price on January 5 quick take: The global crypto market cap stood at $819.92 on Thursday morning.

by News Desk
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Bitcoin (BTC) — the world’s oldest crypto — managed to remain stable within the $16,000 range as the overall market saw minor movement in prices as of early Thursday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Litecoin (LTC) — saw a mix of minor losses and gains across the board.

The eCash (XEC) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 13 percent. Huobi Token (HT) became the biggest loser, with a 24-hour dip of over 7 percent.

The global crypto market cap stood at $819.92 billion at the time of writing, registering a minor 24-hour dip of 0.01 percent.

Bitcoin (BTC) price today
Bitcoin price stood at $16,845.37, registering a 24-hour dip of 0.09 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.37 lakhs.

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Ethereum (ETH) price today
ETH price stood at $1,254.45, marking a 24-hour jump of 0.39 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.07 lakhs.

Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 1.34 percent, as per CoinMarketCap data, currently priced at $0.07337. As per WazirX, Dogecoin price in India stood at Rs 6.29.

Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.58 percent. At the time of writing, it was trading at $75.88. LTC price in India stood at Rs 6,420.01.

Ripple (XRP) price today
XRP price stood at $0.3467, seeing a 24-hour loss of 0.57 percent. As per WazirX, Ripple price stood at Rs 29.51.

Solana (SOL) price today
Solana price stood at $13.39, marking a 24-hour gain of 0.04 percent. As per WazirX, SOL price in India stood at Rs 1,105.01.

Top crypto gainers today (January 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

eCash (XEC)

Price: $0.00002572
24-hour gain: 13.01 percent

NEAR Protocol (NEAR)

Price: $1.56
24-hour gain: 10.19 percent

Chiliz (CHZ)

Price: $0.1146
24-hour gain: 9.47 percent

Ethereum Classic (ETC)

Price: $19.05
24-hour gain: 8.26 percent

Lido DAO (LDO)

Price: $1.35
24-hour gain: 8.13 percent

Top crypto losers today (January 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Huobi Token (HT)

Price: $4.92
24-hour loss: 7.37 percent

Aptos (APT)

Price: $3.80
24-hour loss: 3.62 percent

Internet Computer (ICP)

Price: $3.89
24-hour loss: 2.88 percent

Trust Wallet Token (TWT)

Price: $1.44
24-hour loss: 2.81 percent

OKB (OKB)

Price: $27.18
24-hour loss: 2.78 percent

What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin, Ethereum, and most cryptocurrencies saw a surge on Wednesday following the release of data from the Institute for Supply Management (ISM), indicating a decrease in demand and reduced input for manufacturing.

This gave investors hope that the Federal Reserve may lower interest rates in the future. Bitcoin traded higher in the past 24 hours above the $16,800 level. If BTC can clear its immediate resistance at $16,900, the next would be $17,000. While the support now lies at the $16,750 level.”

Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The Ether-Bitcoin (ETH/BTC) ratio is expected to rally to a two-month high due to a breakout from a triangle pattern, indicating a victory for bulls over bears. The breakout has opened the door for a rally towards early December’s high of 0.07636 and early November’s high of nearly 0.078.

Factors contributing to this rally include the upcoming Shanghai upgrade for the Ethereum network and expected reductions in rollup fees. Bitcoin is expected to continue lagging behind ether due to miner selling.”

weTrade founder Prashant Kumar offered his take on the market scenario as well, “Market has shown some upturn in the first week of 2023 with Bitcoin seeing a 2 percent rise and Ethereum seeing a 5.5 percent rise over the last seven days. The global market cap is at $820 billion with a 1.2 percent increase in 24 hours.

Similar trends were seen in other cryptocurrencies including Litecoin, Cardano, and Polkadot which have shown a jump of approximately 10 percent in a week”

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