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    Home»Cryptocurrency»Bitcoin Rises Above $96,000, CAKE Gains Nearly 60%
    Cryptocurrency

    Bitcoin Rises Above $96,000, CAKE Gains Nearly 60%

    February 13, 20256 Mins Read


    Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $96,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 40 (Neutral) out of 100, as per CoinMarketCap data. The PancakeSwap (CAKE) token became the biggest gainer of the lot, with a 24-hour jump of nearly 58 percent. Bitget Token (BGB) remained the biggest loser for the third consecutive day, with a 24-hour loss of over 8 percent. 

    The global crypto market cap stood at $3.2 trillion at the time of writing, registering a 24-hour jump of 1.89 percent.

    Bitcoin (BTC) Price Today

    Bitcoin price stood at $96,650.55, registering a 24-hour gain of 0.97 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 85.09 lakh.

    Ethereum (ETH) Price Today

    ETH price stood at $2,719.23 marking a 24-hour jump of 4.34 percent at the time of writing. Ethereum price in India stood at Rs 2.31 lakh.

    Dogecoin (DOGE) Price Today

    DOGE registered a 24-hour gain of 3.69 percent, as per CoinMarketCap data, currently priced at $0.2613. Dogecoin price in India stood at Rs 21.91.

    Litecoin (LTC) Price Today

    Litecoin saw a 24-hour jump of 5.18 percent. At the time of writing, it was trading at $123.44. LTC price in India stood at Rs 9,911.61.

    Ripple (XRP) Price Today

    XRP price stood at $2.47, seeing a 24-hour jump of 2.49 percent. Ripple price in India stood at Rs 210.46.

    Solana (SOL) Price Today

    Solana price stood at $195.67, marking a 24-hour dip of 0.19 percent. SOL price in India stood at Rs 17,854.07. 

    Top Crypto Gainers Today (February 13)

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

    PancakeSwap (CAKE)

    Price: $3.02
    24-hour gain: 57.82 percent

    Sonic (prev. FTM) (S)

    Price: $0.548
    24-hour gain: 16.87 percent

    Jito (JTO)

    Price: $3.04
    24-hour gain: 14.58 percent

    Lido DAO (LDO)

    Price: $1.75
    24-hour gain: 12.94 percent

    BNB (BNB)

    Price: $707.51
    24-hour gain: 12.37 percent

    Top Crypto Losers Today (February 13)

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

    Bitget Token (BGB)

    Price: $5.80
    24-hour loss: 8.07 percent

    Mantra (OM)

    Price: $5.73
    24-hour loss: 3.24 percent

    FTX Token (FTT)

    Price: $2.03
    24-hour loss: 2.78 percent

    DeXe (DEXE)

    Price: $18.17
    24-hour loss: 2.74 percent

    Raydium (RAY)

    Price: $5.16
    24-hour loss: 0.88 percent

    What Crypto Exchanges Are Saying About Current Market Scenario

    Alankar Saxena, co-founder and CTO, Mudrex told ABP Live, “Bitcoin rebounded quickly to $98,000 from a low of $94,100 following higher-than-expected inflation data. January’s CPI rose 0.5%, further lowering expectations for a Fed rate cut as Powell reaffirmed a cautious stance in his testimony. Despite high inflation numbers, buying interest emerged in the broader market, signalling a shift in market sentiment as all the major news gets priced in. If Bitcoin holds above $98,000, it could soon test the $100K mark, marking a potential breakout in the current trend.”

    CoinSwitch Markets Desk noted, “BTC has been trading around the 96.5k USD mark for more than two weeks now establishing it is as a a major support area. However, with BTC dominance hovering around 60%, altcoins have not been able to get upto speed as of yet. However, BNB ecosystem has started making the moves now as Binance’s ex CEO CZ has been quite vocal these days about BNB’s upgrades and expansion plans. Not just BNB but major projects on BNB like CAKE, BAKE etc have all been seeing magnificent gains.”

    Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin institutional demand is increasing as many investors accumulate on the backdrop of reduced selling pressure. Miners have decreased their liquidation, and the rise of stablecoin reserves signals a strong buying power is in the arena. Long-term holders are holding their positions, and that only enhances the bullish sentiment. If this goes on, Bitcoin could cross the psychological mark of $100K and usher in yet another bullish phase for the institutional markets. Meanwhile, Dogecoin builds up a case for breaking past $0.33, with optimism speculating further upside.” 

    Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s price action shows short-term consolidation between $94,500 and $97,000 on the 1-hour chart, with low volume indicating reduced trading activity. Key support lies at $94,091, while resistance is at $98,490. A break above $97,000 could trigger bullish momentum, while a drop below $94,500 may lead to further declines. The 4-hour chart shows a bearish trend, with resistance at $102,754 and support at $91,530. Daily analysis suggests consolidation between $94,000 and $96,000, with support at $89,164. Oscillators show neutral signals, while the MACD and awesome oscillator indicate weak bearish momentum.”

    Shivam Thakral, CEO of BuyUcoin, said, “The crypto market is showing resilience, recovering from CPI data as President Trump advances Russia-Ukraine diplomacy. Over the last 24 hours, Bitcoin surged by 2.09%, reflecting positive investor sentiment. Altcoins have also demonstrated strength, with Ethereum climbing 5.88% and XRP increasing by 3.67%. This recovery follows stronger-than-expected U.S. inflation data, which initially tempered expectations for interest rate cuts in 2025. However, Trump’s efforts to foster a positive regulatory environment for digital assets and resolve geopolitical tensions are boosting market confidence.”

    CoinDCX Research Team noted, “The bulls seem extremely vigilant as they have prevented the Bitcoin price from plunging below the crucial support zone. As a result, the crypto markets have begun to rebound but are yet to trigger a fine recovery and until then, the fear of a bearish reversal may prevail. While the major altcoins received a significant bullish push, Solana failed to reclaim $200 while ADA, UNI, and PEPE & SHIB are fighting hard with the bearish forces. However, the market sentiments are slowly rising, which suggests the cryptos are under bullish influence.”

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    Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.



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