Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, continues its rollercoaster ride of ups and downs, dropping below the $68,000 mark early Thursday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), saw smaller declines across the board, with the market-wide Fear and Greed Index hitting 63 out of 100 (Greed), according to CoinMarketCap data. Notcoin (NOT) token was up more than 16% in 24 hours, its biggest gain for the third consecutive day. BONK was down more than 11% in 24 hours, its biggest decline.
At the time of writing, the global cryptocurrency market capitalization was $2.54 trillion, down 1.48% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $67,931.09, down 1.12% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 58.82 lakh.
Ethereum (ETH) Price Today
The ETH price is at $3,778.66, down 1.75% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 3.26 lakh crore.
Dogecoin (DOGE) price today
According to data from CoinMarketCap, DOGE has recorded a loss of 1.70% in 24 hours and is currently priced at $0.1644. According to WazirX, the price of Dogecoin in India is Rs 14.10.
Litecoin (LTC) price today
Litecoin has risen by 0.14 percent in 24 hours. It was trading at $83.67 at the time of writing. The LTC price in India was Rs 7,300.98.
Ripple (XRP) Price Today
The price of XRP was at $0.5264, down 0.25% in 24 hours. According to WazirX, the price of Ripple was at Rs 45.99.
Solana (SOL) Price Today
Solana price was at $169.58, down 0.60 percent in 24 hours. According to WazirX, the price of SOL in India was Rs 14,500.
Today's Top Crypto Gainers (May 30)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Notcoin (NOT)
price: $0.01082
24 hour increase: 16.73 percent
BitGet Token (BGB)
price: $1.32
24 hour increase: 6.78 percent
Arweave (AR)
price: $40.16
24 hour increase: 6.50 percent
Chiliz (CHZ)
price: $0.1587
24 hour increase: 5.62 percent
WorldCoin (WLD)
price: $4.96
24 hour increase: 5.15 percent
Today's Biggest Crypto Losers (May 30th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
BONK
price: $0.00003723
24 hours lost: 11.68 percent
Pepe
price: $0.00001505
24 hours lost: 8.13 percent
ONDO
price: $1.19
24 hours lost: 7.68 percent
Book of Memes (BOME)
price: $0.01421
24 hours lost: 6.62 percent
Floki
price: $0.0002809
24 hours lost: 6.49 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Madrex, told ABP Live: “Bitcoin has stabilised around $67,900 after the recent volatility caused by the Mt Gox relocation. The key levels to watch are support at $67,200 and resistance at $69,500, a breach of either of which could signal a short-term trend formation. Meanwhile, Ethereum is trading at $3,700. Any renewed upside could see ETH face resistance at $3,800 levels.”
CoinSwitch Markets Desk stated, “BTC found trendline support at around $67,000 and is currently poised to set off towards all-time highs again, with around 8% movement remaining in the process. ETH bulls have not been able to surpass $3,800 in the short term and this medium-term pressure seems the only way ETH can reach $5,000 and celebrate a win for retail customers. Blackrock also filed an updated S1 form for its spot Ethereum ETF. On the Bitcoin ETC front, Blackrock's IBIT has also become the largest holder of the instrument, surpassing Grayscale's Bitcoin total.”
Rajagopal Menon, Vice President at WazirX said, “Currently trading at $67,899, Bitcoin continues to fall below $68,000. BTC is now slowly moving down towards the support zone at $66,250. A key bearish trend line has formed with resistance at $67,900 on the hourly chart of the BTC/USD pair. Unless the pair can close above $68,500, it is likely to continue falling. The immediate support is near $67,250, with the major support at $67,000 and the next support at $66,250. Further dips can push the price down towards the support zone at $65,000.”
CoinDCX research team told ABP Live: “The cryptocurrency market continued to remain sideways with mixed price action on lower timeframes. Both BTC and ETH declined slightly within their respective ranges. Technically, BTC is stagnating near $68,000 and fluctuating between the highs and lows of the range. ETH is undergoing major consolidation after a recent strong rally. Most altcoins were static.”
Sathvik Vishwanath, CEO and co-founder, Unocoin, said, “Bitcoin price has fallen to $67,325, marking a 1.43% decline over the past 24 hours. With a market cap of $1.33 trillion and a circulating supply of 19.71 million BTC, the recent break of the trendline at $67,500 suggests a bearish outlook. The key resistance levels are $68,250, $69,365, and $70,500, while the immediate support is at $67,000, $66,601, and $65,911. The RSI at 40 suggests further declines are possible and the 50 EMA at $68,243 strengthens the bearish sentiment. Traders should consider selling below the $68,000 pivot point and target $66,600 and use stops above $68,500.”
Shivam Thakral, CEO, BuyUcoin said, “The crypto market saw a slight recovery as BTC regained some lost ground and traded above $68,000 after dropping to $67,000 yesterday. BlackRock's iShares Bitcoin Trust has become the largest fund in BTC with total assets reaching $20 billion since listing earlier this year. Data indicates strong demand from institutional investors, which could drive BTC prices higher. While the crypto market awaits the next catalyst, favorable macroeconomic factors are likely to provide sustained momentum.”
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