The crypto market today (March 13) has continued to keep investors hopeful, preventing a downtrend amid macro relief. With cooler U.S. CPI data released recently, risk assets have witnessed a positive market sentiment. Bitcoin (BTC) price topped the $84K level on Thursday, offering traders relief after a highly volatile session previously. Ethereum (ETH), XRP, and Solana (SOL) prices also maintained a trading session in the green zone, up 1%-3%.
Crypto Market Today: BTC Touches $84K, Alts Prevent Dip Amid US CPI Relief
Notably, CoinGape reported that the headline CPI dropped from 0.3% in January to 0.2% in February, signaling declining inflation. Also, the annual decline totaled from 3.0% to 2.8%, better than market expectations of 2.9%.
Historically, with reducing inflation in play, risk assets witness a boosted market sentiment. Moreover, the Core inflation, which excludes volatile items like food and energy, also hit a multi-year low at 3.1%.
In turn, BTC, ETH, XRP, & SOL prices witnessed some relief after a bloodbath post-Donald Trump’s tariff saga. The crypto market gained nearly 1.65% in the past 24 hours, with the market cap exchanging hands at $2.71 trillion.
BTC Price Touches $84K
As of press time, BTC price gained nearly 2% and closed near the $84K level. The flagship coin’s 24-hour low and high were $80,635.25 and $84,358.58, respectively. Bitcoin sees renewed market interest, as indicated by a 3% gain in its futures OI to $47.72 billion. Simultaneously, the coin’s market dominance gained by 0.08% to 61.36%, undermining the altcoin sector.
ETH Price Jumps 1%
ETH price gained only by 1% in the past 24 hours and exchanged hands at $1,889. The coin’s intraday low and peak were $1,832.02 and $1,954.57, respectively. Ethereum further lost market dominance by 1.66%, reaching 8.4% on Thursday. Nevertheless, ETH futures OI gained by 1.5% to $17.59 billion, underscoring rising investor interest.
XRP Price Up 3%
Ripple’s XRP gained 3% to $2.24, leveraging rising XRP ETF odds and the broader market trend. The coin bottomed and peaked at $2.14 and $2.26 in the past 24 hours. XRP soars in sync with the broader market trend, whilst its futures OI surged nearly 4% to $3.04 billion today.
SOL Price Gains 2%
SOL price gained by nearly 2% in the past 24 hours and closed in at $125. The coin’s intraday bottom and peak were $121.37 and $130.66, respectively. Solana mimics the broader market upswing today, with its futures OI up 2.5% to $3.64 billion.
Meme Crypto Market Gains Today
Simultaneously, meme coins have also witnessed an uptick in the past 24 hours, in sync with the relief to risk assets. Dogecoin (DOGE) price gained over 5% and exchanged hands at $0.1707. Shiba Inu (SHIB) price soared 2.5% to reach $0.00001228. Also, Pepe Coin (PEPE) led the meme coin market gains, pumping nearly 18% to reach $0.000007316.
Top Gainers In The Crypto Market Today
Pi (PI)
Price: $1.71
24-Hour Gains: +16%
Story (IP)
Price: $6.30
24-Hour Gains: +14%
Celestia (TIA)
Price: $3.68
24-Hour Gains: +12%
Top Losers In The Crypto Market Today
Ethena (ENA)
Price: $0.365
24-Hour Loss: -4%
Hyperliquid (HYPE)
Price: $13.42
24-Hour Loss: -4%
Movement (MOVE)
Price: $0.4792
24-Hour Loss: -3%
In conclusion, broader market sentiments revolving around the market’s future took an optimistic shift with cooling U.S. inflation. Further, a recent X post by Santiment revealed that Bitcoin’s total amount of holders (non-empty wallets) had reached 54.71 million, which is within 0.018% of the all-time high of 54.72 million. Despite the previous volatility, these stats have pushed investors to weigh optimism on the market’s long-term prospects.
Source: Santiment, X
The post Crypto Market Today (Mar 13): BTC Tops $84K, Altcoins Sustain Gains As US CPI Cools appeared first on CoinGape.
