Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, surpassed the $61,000 mark early Friday morning. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC), saw smaller gains across the board, with the overall Market Fear and Greed Index hitting a score of 46 out of 100 (neutral), according to CoinMarketCap data. Akash Network (AKT) token was the biggest gainer, up about 15% in 24 hours. Fetch.ai (FET) was the biggest loser, dropping more than 11% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization was $2.28 trillion, up 1.17% in 24 hours.
Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of Bitcoin was $61,597.48, up 0.94% in 24 hours. According to Indian exchange WazirX, the price of BTC was Rs 5.54 lakh.
Ethereum (ETH) Price Today
The ETH price is at $3,452.50, up 2.11% in 24 hours at the time of writing. According to WazirX, the Ethereum price in India is at Rs 3.09 lakh crore.
Dogecoin (DOGE) price today
DOGE has risen 2.85% in the last 24 hours and is currently priced at $0.1256, according to data from CoinMarketCap. According to WazirX, the price of Dogecoin in India is Rs 11.21.
Litecoin (LTC) price today
Litecoin has risen by 3.67% in 24 hours. It was trading at $73.56 at the time of writing. The LTC price in India was Rs 6,547.69.
Ripple (XRP) Price Today
The price of XRP was at $0.4764, up 1.54 percent in 24 hours, while Ripple was at Rs 42.71, according to WazirX.
Solana (SOL) Price Today
Solana price was $146.10, up 6.54% in 24 hours. According to WazirX, the price of SOL in India was Rs 13,207.65.
Top Crypto Gains Today (June 28th)
According to data from CoinMarketCap, the top five cryptocurrencies that have increased in value over the past 24 hours are:
Akash Network (AKT)
price: $3.65
24 hour increase: 14.59 percent
Book of Memes (BOME)
price: $0.01047
24 hour increase: 13.81 percent
Conflux (CFX)
price: $0.1714
24 hour increase: 10.07 percent
Avalanche (AVAX)
price: $27.91
24 hour increase: 8.50 percent
Polkadot (DOT)
price: $6.22
24 hour increase: 8.21 percent
Today's Biggest Crypto Losers (June 28th)
According to data from CoinMarketCap, the top five cryptocurrencies that fell in the last 24 hours were:
Fetch.ai (FET)
price: $1.47
24 hours lost: 11.82 percent
SingularityNet (AGIX)
price: $0.6207
24 hours lost: 9.45 percent
Notcoin (NOT)
price: $0.01532
24 hours lost: 3.56 percent
PENDLE
price: $5.26
24 hours lost: 3.44 percent
Lido DAO (LDO)
price: $2.36
24 hours lost: 2.96 percent
What Crypto Exchanges are saying about the current market scenario
Edur Patel, co-founder and CEO of Mudrex, told ABP Live: “Bitcoin has surpassed $62,000 in the past 24 hours, driven by investors flocking to spot Bitcoin ETFs and rising US real GDP. The next hurdle for BTC is $62,700, with support near $61,400. Bulls are buying aggressively at these support levels. Meanwhile, Ethereum has risen 3% on expectations that a spot Ether ETF will be approved by July 4th. Solana has also risen 9% after VanEck filed for a Solana ETF.”
CoinSwitch Markets Desk noted, “Asset management firm VanEck's filing for the first Solana (SOL) exchange-traded fund (ETF) in the U.S. sent SOL prices up 6% to $148. This comes just six days after a similar Solana ETF was launched in Canada. The SEC's approval of the first spot Bitcoin ETF and the expected approval of an Ethereum ETF are signs of a growing trend for crypto investment products. Analysts predict that an ETH ETF could attract $5 billion in funds within the first five months, driven mainly by independent investment advisors and broker-dealer platforms. However, the lack of staking rewards may make spot ETFs less attractive to some investors.”
Rajagopal Menon, Vice President at WazirX, said: “In a notable change, Bitcoin rose on growing optimism ahead of the expected Biden vs. Trump debate as investors expected the cryptocurrency to be a focal point. However, no mention of cryptocurrency was made during the debate, raising concerns about its potential impact on Bitcoin price, which may dampen enthusiasm in the industry. Bitcoin is holding above $60,000 levels and is entrenched in oversold territory, indicating lingering bearish sentiment. Market analysts predict that this stagnant period may continue for a few more weeks. In contrast, the launch of an Ethereum ETF scheduled for July 4 is seen as a potential game-changer as Ethereum price is predicted to surpass $5,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has crossed $61,500 and reached a significant milestone with over 1 million addresses holding at least 1 Bitcoin. The rise reflects growing confidence in Bitcoin's appeal as a long-term investment amidst increasing market volatility. The rise in 'whole coiners' highlights the growing confidence in Bitcoin as a stable asset and store of value. With only 21 million Bitcoins ever in existence, owning one has become increasingly valuable, highlighting Bitcoin's scarcity and intrinsic value. Bitcoin is currently trading at $61,585 with a market cap of $1.21 trillion and is facing resistance at $62,700 but is supported by technical indicators and market sentiment, indicating potential for further upside.”
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Disclaimer: Cryptocurrency products and NFTs are unregulated and may be extremely risky. There may be no regulatory remedy for losses from such transactions. Cryptocurrencies are not legal tender and are subject to market risks. Readers are advised to seek professional advice and to carefully read the offer documents and any related material literature before making any type of investment. Cryptocurrency Market forecasts are speculative and any investments are made at the reader's own expense and risk.
