The cryptocurrency market exhibited complex price movements again today, after giving signs of improvement following the US Consumer Price Index (CPI) data yesterday. While Bitcoin (BTC) and leading altcoin Ethereum (ETH) were struggling with market volatility, artificial intelligence (AI)-based coins were among the winners of the day. BTC price lost the upward momentum it gained yesterday and fell back to the $67,000 level. ETH price followed suit, dropping below $3,500. However, other valuable coins such as Solana (SOL), XRP and Dogecoin (DOGE) recorded significant increases. Here are the details…
Increase in the value of Bitcoin and altcoin market
The overall cryptocurrency market value increased by 1.49% between yesterday and today, reaching 2.48 trillion dollars. However, total process volume decreased by 2.86% to 87.7 billion dollars. Here is a brief look at the price movements of some leading cryptocurrencies as of today, June 13:
- Bitcoin Price: Despite trading heavily in the green zone in the last 24 hours, BTC price remained under pressure from volatility. As of press time, Bitcoin is down 0.19% to $67,263.78. The last 24-hour low and high levels were $67,197.69 and $69,977.89, respectively. Bitcoin’s dominance is at 54.19% today, showing a decrease of 0.27% compared to the previous day. The market value of the leading cryptocurrency is currently at 1.32 trillion dollars.
- Ethereum Price: ETH price also followed the high volatility, losing 0.08% in the last 24 hours and falling to $3,502. Ethereum’s 24-hour low and high were $3,478.89 and $3,652.49 respectively. This situation is parallel to the volatile price movements of ETH. The market value of ETH is 420.72 billion dollars. Despite the spectacular rises in stock market movements, the ETH price remains in a downward trend.
What about other coins?
Meanwhile, SOL price is trading at $151.56 today, with an increase of 1.23%. Solana’s 24-hour low and high were $149.68 and $161.51, respectively. XRP price also followed the general market trend, reaching $0.486 with an increase of 0.92%. The 24-hour low and high of the Ripple-backed cryptocurrency were $0.4783 and $0.4975, respectively. While Dogecoin (DOGE) increased by 3.05% to $ 0.143, Shiba Inu (SHIB) lost 1.22% today and fell to $ 0.00002161. At the same time, Pepe Coin (PEPE) increased by 0.47%, reaching $0.00001282.
Additionally, Altcoins led the rise, with some leading names such as Uniswap (UNI) gaining over 11%. In general, a bullish trend prevails with the expectation of breaking through current resistance levels. LINK also increased by 6 percent. Artificial intelligence coins stand out in the winners list along with other altcoins.
- Injective (INJ) price increased by 11.01% to $30.11.
- Fetch.ai (FET) price increased by 6.10% to $1.64.
- Livepeer (LPT) price jumped 18.25% to $23.91.
- Notcoin (NOT)
TON broke the record
Finally, Toncoin (TON), The Open Network’s native cryptocurrency, broke a record by reaching a new all-time high. As of writing, Toncoin price is trading at $7.64, up 8.53%, and its market cap has increased by $18.5 billion, making it the 9th largest cryptocurrency.