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Cryptocurrency News Articles

Bitcoin (BTC) Dips Below $103,000 Mark, Ethereum (ETH) Follows Suit

May 13, 2025 at 01:56 pm

Bitcoin (BTC) Dips Below $103,000 Mark, Ethereum (ETH) Follows Suit

Bitcoin (BTC) price dipped below the $103,000 mark early Tuesday, registering a 24-hour loss of 1.54 percent, as per CoinMarketCap. At the time of writing, the world’s oldest and most valued crypto was trading at $102,357.42. According to Indian exchanges, BTC price stood at Rs 87.97 lakh.

The global crypto market cap stood at $3.28 trillion, registering a 24-hour dip of 1.32 percent. The overall Market Fear & Greed Index stood at 73 (Greed) out of 100.

XRP turns out to be the biggest gainer, with a 24-hour jump of over 4 percent. Among the losers, PI saw the biggest setback with a 15 percent price drop.

Also Read: Cryptocurrency Price Today May 13: Bitcoin (BTC) Price Remains Above $101K, Stellar (XLM) Price Rises 25%

Here are the top 5 crypto gainers and losers today, May 13.

Top Crypto Gainers Today (May 13)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

1. Ripple (XRP)

Price: $2.49

24-hour gain: 4.13 percent

2. Four (FORM)

Price: $2.83

24-hour gain: 3.63 percent

3. UNUS SED LEO (LEO)

Price: $8.60

24-hour gain: 2.64 percent

4. dogwifhat (WIF)

Price: $1.12

24-hour gain: 2.55 percent

5. Litecoin (LTC)

Price: $101.92

24-hour gain: 1.31 percent

Top Crypto Losers Today (May 13)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

1. Pi (PI)

Price: $1.08

24-hour loss: 14.43 percent

2. Kaspa (KAS)

Price: $0.1129

24-hour loss: 10.61 percent

3. Brett (BRETT)

Price: $0.075

24-hour loss: 9.67 percent

4. OFFICIAL TRUMP (TRUMP)

Price: $12.59

24-hour loss: 9.62 percent

5. Ethena (ENA)

Price: $0.3733

24-hour loss: 9.29 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Edul Patel, CEO and co-founder, Mudrex, said, “Bitcoin is trading at around $102,200 after rebounding from key support at $100,000. Investors turned to profit booking at higher levels as macroeconomic factors like the strengthening dollar index and the US-China trade deal had a direct impact on equities. However, despite the price dips, we're seeing institutions actively accumulate. Strategy just purchased 13,390 BTC for about $1.3 billion, and Metaplanet is adding 1,241 BTC to its treasury, which will take their total to 6,697 BTC, putting them ahead of El Salvador's bitcoin stack. All eyes are on today's April U.S. CPI data. A third consecutive downside surprise could favor Bitcoin, setting the stage for potential rate cuts in 2025.”

CoinSwitch Markets Desk noted, “The crypto market displayed a mix of profit-taking and bullish momentum. Bitcoin (BTC) dropped below $102,000—its largest single-day decline since April 10—as investors locked in gains after a U.S.-China trade truce eased tariff tensions. However, altcoins showed resilience, with Uniswap (UNI) surging 12.7% and BNB rallying nearly 5%. These tokens, along with XRP, ADA, and TRX, are now trading above their 200-day moving averages, signaling sustained investor confidence in the long-term potential of these cryptocurrencies.”

Avinash Shekhar, Co-founder & CEO, Pi42, said, “The resurgence in crypto markets, particularly Bitcoin’s rally past $105,000 from the March lows, is a testament to the shifting tide in investor sentiment. We're observing a brisk pace of institutional accumulation, a factor that's

Original source:abplive

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