Cryptocurrency prices Updates: Today's (October 13) cryptocurrency prices increased slightly, with Bitcoin, the biggest and most well-known digital currency, trading practically flat with a bullish bias at USD 19,088. According to CoinGecko, the market capitalization of all cryptocurrencies fell below the USD 1 trillion threshold today while being nearly unchanged over the previous 24 hours at USD 955 billion.
"Bitcoin has been flat over the last 24 hours as investors wait impatiently for the next batch of US Consumer Price Index (CPI) data to be released. For several weeks, BTC has been fluctuating between USD 19,000 and USD 21,000. BTC may soon reach USD 20,000 if it can rise above the present price. However, if it drops below the present level, USD 18,843 would serve as the next support. With a rise of 0.85% over the previous day, Ethereum, the second-largest cryptocurrency, is among the top gainers. Bulls have a chance to seize the initiative to the next significant milestone at USD 1,300 if ETH can continue to increase, according to Edul Patel, CEO and Co-Founder of international cryptocurrency investment platform Mudrex.
On the other side, Ether, the second-largest cryptocurrency and coin connected to the Ethereum blockchain, also marginally increased by 0.3% to USD 1,281. Shiba Inu's price increased by almost 1% to USD 0.000010, while Dogecoin's price increased by over 2% to USD 0.05.
Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Litecoin, Terra, and Polygon prices were trading with slight gains over the last 24 hours, whilst Uniswap, Stellar, XRP, Tron, and Cardano prices fell. Other cryptocurrency values performed differently today.
As central banks throughout the world raised interest rates to tame growing inflation, the value of the global markets fell over the past few months. As fears of a recession increase, risky assets like cryptocurrency have been particularly severely hit.
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