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Bitcoin Stuck in Range, Altcoins Slide Amid Market Pressure

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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.

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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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5 Terra Luna Classic Developments, How LUNC Price To Impact?

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9 hours ago

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January 12, 2025

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LUNC News: Terra Luna Classic community’s recovery efforts hit roadblocks as the broader crypto market took a downturn, with traders reconsidering market activity ahead of Donald Trump’s inauguration on January 20. Here are key developments making buzz in the Terra Luna Classic community.

Terra Luna Classic Forks Removal Software Upgrade

Blockchain developer Orbit Labs announced the completion of the first phase of the removal of the fork modules. The upgrade proposal will be put up for governance voting next week and the mainnet upgrade is planned to happen in February.

“We have successfully transitioned all relevant logic and code that were previously part of the forked repository. The changes include the following repositories and associated modules.”

According to the developer group, the upgrade will bring Terra Luna Classic into alignment with the mainstream Cosmos ecosystem. It makes security updates and maintenance easy. This includes the fix of multi-send handling for the “reverse charge” implementation.

Billions of LUNC and USTC Tokens Burn

The Terra Luna Classic community is planning major LUNC and USTC burn campaigns after Terraform Labs bankruptcy. With support from Binance LUNC burn mechanism, the community has burned nearly 400 billion LUNC tokens in total.

Currently, the community plans to burn 1.8 billion USTC in Luna Foundation Guard-linked wallets, burning all USTC in the Oracle rewards pool, and burn LUNC and USTC in wallets no one has access to. The plans were proposed by Lunanauts validator, hoping for potential repeg.

Building for Utility on Terra Classic Network

Recently, the network was successfully boosted with “Upgrade to v3.3.0” to increase utility on the Terra Luna Classic, removing barriers for developers and dapps wanting to build on the chain.

The Terra Luna Classic ecosystem is growing with Terraport, LBUN, Selenium, Garuda DEX, and TerraCasino. Selenium Protocol was created in line with Mirror Protocol, the most important protocol of the Terra chain.

Terra Co-Founder Do Kwon’s Criminal Trial

Terraform Labs co-founder Do Kwon was finally extradited to the U.S. authorities, but he pled not guilty to a nine-count indictment charging him with securities fraud, wire fraud, commodities fraud and money laundering conspiracy.

Do Kwon’s criminal fraud trial will likely not begin until January 2026 as prosecutors work on unlocking encrypted devices and translating communications from Korean into English.

LUNC and USTC Prices to Recover

LUNC price is down 15% in a week amid the broader crypto market crash, with the price currently trading at $0.0001022. The 24-hour low and high are $0.0001012 and $0.0001046, respectively.

As per an analysis, LUNC price is following the altcoin market trend exactly. The price is at the key Fibonacci 0.618 level. Additionally, trading volume remains at the lowest level. These sections do not last long, cause extreme volatility, and usually have a set direction.

“In the end, LUNC has no choice but to depend on the movement of Ethereum along with the decline in Bitcoin dominance, and it is very important to support it without major deviations from the current section.”

ImageImage

Meanwhile, USTC price climbed nearly 1%, with the price now trading at $0.0185. However, the trading volume saw a 15% decline in the last 24 hours. The price is still down more than 15% in a week.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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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Where To Invest Before January Ends?

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1 day ago

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January 12, 2025

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January begins with investors eyeing two prominent meme coins, Fartcoin and Pippin. As the tokens gained new traction, their performance increased, increasing their demand even further. Let’s analyze the Fartcoin Vs Pippin price performance and where investors should invest in before January ends.

Fartcoin Vs Pippin: Analyzing Their Price Performance

Since its launch in October 2024, Fartcoin’s price has grown by 1580754.15%, showing an impressive performance on the chart. Although the meme coin had a slow start, it hit its prime at the beginning of January 2025, creating an ATH of $1.60 regardless of the market’s declining conditions. However, it currently traded at only $0.7913 after a 50% drop from the peak with $791M in market capitalization.

There’s a significant drop in demand as the 24-hour trading volume has declined 40% to $98.81M. This is the result of the continuous downtrend, reducing the buyer’s activity as investors flock to utility-based tokens amid a consolidating market.

Fartcoin price analysis

On the other hand, Pippin is in its price right now, creating an ATH of $0.3269 just a few hours ago with increasing investor interest. According to Coingecko data, the Pippin price has surged 1453% in the last week and 3692% over the week, currently trading at $0.226. It also has $252M in market capitalization and $134M in trading volume, indicating a high demand for the token in the market. However, it could face consolidation next, with the RSI presenting overbuying zone.

Pippin price analysisPippin price analysis

Where To Investment Before January Ends?

Both meme coins have witnessed new highs in the last few days. One trader made $2.5M with Pippin, whereas many earned with the other. Interestingly, with a similar total supply and market background, Fartcoin is ahead in overall performance, but investors’ bullish sentiments are higher for Pippin per CoinmarketCap’s community sentiments.

Considering the rising demand for AI cryptos and the market favoring AI in the cryptocurrency trend 2025, Pippins gets ahead in the Fartcoin vs. Pippin battle for the short-term objective. However, Fartcoin is not much behind and presents a potential for trend reversal and recovery. A strategic trade with deep research and analysis could make significant returns for investors in both meme coins.

What To Remember From This Fartcoin Vs Pippin Analysis?

2025 has favored two less-known cryptocurrencies, Fartcoin and Pippin, as their demand has grown in the last few days. The former achieved a peak at the beginning of the month and is in a downtrend today, but the other achieved a peak a few hours ago. However, consolidation could follow as the technical indicators indicate overbuying. Overall, both tokens show profit potential for January.

This is not a Pippin price prediction or investment advice but an analysis of current performance. Investors should do their own research and technical analysis before investing in any cryptocurrency, as a market trend and community sentiments fluctuate often, leading to price fluctuations.

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As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

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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Expert Predicts SEC To Approve XRP And Solana ETF This Year

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1 day ago

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January 11, 2025

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ETF Store President Nate Geraci has shared his top ten crypto exchange-traded fund ecosystem predictions, with XRP and Solana in the spotlight. Like many industry experts, Nate Geraci believes a major shift is coming to the ecosystem this year. 

XRP and Solana ETF Prospect In 2025

According to Nate Geraci, spot XRP and Solana ETF products will gain approval this year. As reported earlier by Coingape, asset manager VanEck filed the first Solana ETF product in the US in June 2024. Since then, the US Securities and Exchange Commission (SEC) has welcomed other SOL ETF applications from Grayscale, Canary Capital, and 21Shares.

While the Solana products are still under review, Canary Capital filed for XRP ETF in October 2023. This filing changed the crypto ETF outlook and inspired other asset managers to join the trend.

While there is no definitive update from the US SEC, the confidence for approval remains high. The change in the US SEC leadership is a major catalyst many are citing will drive the approval. President-elect Donald Trump has nominated Paul Atkins as US SEC Chair in the coming administration. 

Atkins is expected to redirect the SEC from its strict approach to crypto under Gary Gensler. Like other industry experts, Geraci believes 2025 will see the launch of Solana and XRP ETF products.

The Nate Geraci Crypto ETF Predictions

The ETF Store President shared 10 predictions on what to expect in the crypto ETF space. He believes spot Bitcoin ETFs will surpass the physical gold ETFs in assets under management. After one year of launch, several Bitcoin ETF milestones are now on record.

The Bitcoin ETF products topped $150 billion Assets Under Management (AUM), a feat that took gold 20 years to achieve. Beyond the approval forecast for Solana and XRP ETF, Geraci also believes the U.S. SEC will approve Ethereum ETF staking this year.

Meanwhile, he narrowed the predictions to include specific ETF filings from Grayscale and Bitwise, predicting approvals for both. He predicted that Vanguard would shift its stance and support crypto ETF trading.

Donald Trump to Change the Tides

President-elect Donald Trump will take office officially on January 20, creating a new era for the industry. Beyond Paul Atkins, Trump also named a Crypto and AI Czar, David Sacks, to help coordinate policies from the White House. As reported by Coingape, one of Sacks’ first tasks is to organize an inaugural crypto ball next week.

As predicted by many experts, these trends will help fuel a robust shift in crypto regulation and enforcement. In addition to the Solana and XRP ETF approvals, price boosts are expected for both.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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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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