The global crypto market cap managed to rise above the $800 billion mark after days of slowdown, as greens dominated the price charts early Tuesday morning. Bitcoin (BTC) and Ethereum (ETH) — two of the most popular crypto coins — managed to remain stable within the $16,000 and $1,200 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw notable gains across the board. The Lido DAO (LDO) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 14 percent.
The global crypto market cap stood at $806.11 billion at the time of writing, registering a 24-hour jump of 0.94 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $16,692.27, registering a minor 24-hour gain of 0.27 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 14.39 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,214.73, marking a 24-hour jump of 1.14 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.05 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 2.35 percent as per CoinMarketCap data, currently priced at $0.0716. As per WazirX, Dogecoin price in India stood at Rs 6.36.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 7.29 percent. At the time of writing, it was trading at $75.47. LTC price in India stood at Rs 6,532.62.
Ripple (XRP) price today
XRP price stood at $0.3445, seeing a 24-hour gain of 5.33 percent. As per WazirX, Ripple price stood at Rs 29.86.
Solana (SOL) price today
Solana price stood at $11.25, marking a 24-hour gain of 12.78 percent. As per WazirX, SOL price in India stood at Rs 970.
Top crypto gainers today (January 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Lido DAO (LDO)
24-hour gain: 13.75 percent
24-hour gain: 12.63 percent
24-hour gain: 10.74 percent
Terra Classic (LUNC)
24-hour gain: 8.68 percent
24-hour gain: 7.30 percent
Top crypto losers today (January 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 1.96 percent
24-hour loss: 1.17 percent
Internet Computer (ICP)
24-hour loss: 0.80 percent
UNUS SED LEO (LEO)
24-hour loss: 0.50 percent
XDC Network (XDC)
24-hour loss: 0.47 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been trading sideways since last week due to the holiday season. BTC is oscillating between $16,256 and $17,061, recording small profits. If the price falls below $16,256, there may be increased selling pressure and a potential retest of support levels. On the other hand, if the price breaks above $17,061, there could be a strong struggle for control between bulls and bears. Ethereum has broken its nearest resistance level at $1,205 in the past 24 hours. If buyers can hold the gained initiative, ETH may rise towards the $1,236 level.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The value of BTC has fallen significantly from its all-time high and miners are facing challenges such as rising electricity prices and high levels of difficulty. The cryptocurrency market has also seen a drop in market cap. Technical indicators for BTC suggest it may face resistance at $16,660 and selling if it fails to break above the 50-day moving average, but there is also the possibility of a pullback based on the RSI and MACD entering the buying zone. The BTC price prediction is currently bullish, with the potential for a break of the $16,770 resistance level to lead to an increase in the price to $16,930.”
weTrade founder Prashant Kumar offered his take on the market scenario as well, “Bitcoin and Ethereum continue to hold steady with a 1 percent and 1.5 percent increase, respectively, over the past day. The global market cap also saw some activity in the green with a 1 percent jump. The first week of 2023 seems to be off to a stable start with key cryptocurrencies holding ground. The market has been reacting to economic developments including rising inflation and looming recession.”
Shivam Thakral, the CEO of BuyUCoin, said, “The overall crypto market cap crossed the $800 billion mark with crypto heavyweights like Bitcoin and Ether leading the effort. Solana, which was battered after the FTX contagion fears returned to double digits after a massive surge of over 12 percent in the last 24 hours. Solana received positive tweet support from the Ethereum founder that the chain has a bright future which may have created positive investor sentiment around SOL.”
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.