Bitcoin and most altcoins recover after sharp plunge, but Huobi Token rises 11% on October 13.
The advertisements of US Department of Labor hit hard on Bitcoin and the main altcoins a few hours ago to recover later. However, the most notable case is that of Huobi-Tokenwhich appears as the main winner of the day.
- BTC is shaken strongly after publication of inflation reports in the US.
- Major altcoins replicate behavior of BTC throughout the day
- The main winner of the day is ht, exchange token Huobi
- It seems that certain aspects coincided and had a positive effect on HT
Bitcoin fluctuates after inflationary reports in the US
We open our price report for this October 13 highlighting the fluctuation seen in the price of Bitcoin (BTC), main cryptocurrency that despite trading at about USD $19,169 at the time of publication, capitalized on a notable drop a few hours ago after the announcements made by the US Department of Labor.
According to data published in CryptoMarkets DailyBitcoin Y CoinMarketCapalthough in the last 24 hours there do not seem to have been important fluctuations, when looking at the evolution in detail, the drop that took place in light of the new report that detailed an increase in inflationary levels is appreciated.
Although the price of Bitcoin It was falling and lost the barrier of USD $19,000 at 6:00 am (New York time), it is at 8:30 am when it begins to fall sharply to lows close to USD $18,319 per unit. From that point on, its price began to recover, finally reaching USD $19,100 three hours after capitalizing on its lowest point.
Just as the price of Bitcoinso did the volume of daily operations registered through the main exchanges, which increased in the last 24 hours by more than 50% after reaching over USD $39,904 million traded throughout the day.
Major altcoins replicate this behavior
In the same way that happened with Bitcoin, For this October 13 we also have that the main altcoins replicated the evolution seen in the price of the main digital currency, so they fell sharply in the morning hours and recovered almost completely at the time of publication.
Coins such as Ethereum (ETH), BNB, XRP, Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Polygon (MATIC) and many others, which capitalize on slight losses between 0.3% and 2% in the last 24 hours.
Huobi Token, the main winner of the day
But for this October 13, an especially atypical case stood out, since Huobi Token(HT)digital currency issued by the exchange of Chinese origin Huobi, It was listed as the main gainer of the day after increasing 11.8% in the last 24 hours, trading at about USD $7.25 at this time.
Regarding its evolution, the market data suggests that the increase seen in the price of the cryptocurrency has its beginnings since yesterday in the afternoon, since it went from USD $6.4 to USD $7.53 between 3 :00 pm and 9:00 pm on October 12.
According to published information for several reportsthe increase seen in the price of Houbi Token coincides with the announcement made by the exchange in the hours of yesterday nightsince it reported that it would open commercial operations for the cryptocurrency of Starfish Finance (SEAN) through its trading platform.
The latter is added to the previous announcements in which Justin Sun, the main figure behind the TRON Foundationindicated that he would support HT to further promote the brand and expansion of the exchange.
The most notable news this October 13
We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.
If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.
We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.