News
Bitcoin Falls to $60,000 as Market Troubles Continue
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, fell to the $60,000 mark early Thursday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw a mix of minor gains across the board as the overall market of fear and greed prevails. The index is trading at 45 (neutral) out of 100, according to CoinMarketCap data. Kaspa (KAS) token was the biggest gainer, up nearly 11% over the 24-hour period. BRETT became the biggest loser, down over 7% over the 24-hour period.
At the time of writing, the global cryptocurrency market capitalization stood at $2.24 trillion, recording a 24-hour decline of 1.26%.
Bitcoin (BTC) price today
Bitcoin’s price was at $60,696.05, recording a 24-hour decline of 1.39 percent, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC was Rs 55 lakh.
Ethereum (ETH) price today
At the time of writing, ETH price stood at $3,367.77, marking a 24-hour gain of 0.61%. According to WazirX, the price of Ethereum in India stood at Rs 3.03 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour loss of 3.74%, according to CoinMarketCap data, currently valued at $0.1207. According to WazirX, the price of Dogecoin in India was Rs 10.86.
Litecoin (LTC) Price Today
Litecoin recorded a 0.53% drop in 24 hours. As of this writing, it was trading at $70.70. The price of LTC in India stood at Rs 6,356.81.
Ripple (XRP) price today
XRP price settled at $0.466, recording a loss of 1.54% in the 24-hour period. According to WazirX, Ripple price stood at Rs 42.05.
Solana (SOL) Price today
Solana’s price settled at $135.64, marking a 1.02% decline in 24 hours. According to WazirX, the SOL price in India stood at Rs 12,110.
Top cryptocurrency gains today (June 27)
According to CoinMarketCap data, here are the five biggest cryptocurrency gains in the last 24 hours:
Kaspa (KAS)
Price: $0.1768
Earnings in 24 hours: 10.63%.
Creator (MKR)
Price: $2,531.07
Earnings over 24 hours: 7.99%.
Flare (FLR)
Price: $0.02454
Earnings over 24 hours: 4.75%.
Lido DAO (LDO)
Price: $2.40
Earnings over 24 hours: 4.05%.
Akash Network (AKT)
Price: $3.11
Earnings over 24 hours: 2.91%.
Top Crypto Losers Today (June 27)
According to CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:
Brett (based) (BRETT)
Price: $0.1506
Loss in 24 hours: 7.35%.
Radius (RADIUS)
Price: $0.01585
Loss in 24 hours: 6.50%.
Ethena (ENA)
Price: $0.547
Loss in 24 hours: 6.35%.
World Currency (WLD)
Price: $2.72
Loss in 24 hours: 5.89%.
Ondo (ONDO)
Price: $1.17
Loss in 24 hours: 5.84%.
What cryptocurrency exchanges say about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin fell to the $60,000 level after a US government-linked wallet moved around $240 million of seized Silk Road BTC For the past few months, Bitcoin has fluctuated between $56,000 and $73,000, indicating strong buying at support levels and significant selling at resistance levels. If bulls fail to hold the $60,200 support, BTC could trade between $60,000 and $73,000. $56,000 Meanwhile, Ethereum is facing challenges to push its price above the $3,500 level, with the Spot Ether ETF decision anticipated next week.
CoinSwitch Markets Desk noted: “BTC traded sideways for another day as the recent price decline began to consolidate around the USD 60,000 mark. With the US expecting jobless claims data and PCE data tomorrow at 6pm :30 IST, traders could expect a rather quiet move in the world’s leading cryptocurrency After the recent news that the German government has started selling BTC recovered from the seizure of a dark website, blockchain tracking firm ARKM intelligence reported that. The US government has sent $240 million worth of BTC from the original dark website Silk Road, just as institutions are finally starting to buy again after the dip, with an inflow of $50 million dollars in the last few two days after 7 days of net outflows.
Rajagopal Menon, Vice President of WazirX, said: “Bitcoin is trading above $60,000, down 1.68% over the past 24 hours, facing significant selling pressure and market volatility. The RSI near the zone oversold suggests a potential buying opportunity. If Bitcoin holds above $60,000, it could rebound to $65,000, potentially leading to a rally towards $70,000 with increased buying volume see support at $57,000, risking a downtrend if this level is exceeded.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin (BTC) rose to $62,322, supported by inflows of $31 million into US bitcoin spot ETFs, which offset recent outflows. Fidelity’s FBTC has led with inflows of $48.8 million, while Grayscale’s GBTC recorded outflows of $30 million, reflecting market uncertainty. BlackRock’s IBIT surpassed $1 billion in trading volume, signaling a strong institutional interest Despite the positive trading, the ups and downs of the GBTC market are putting pressure on BTC, which is currently trading around $61,000. Resistance levels at $63,440 indicate potential upside, while support at $60,620 indicates levels. Critical bearish indicators such as the RSI at 45 and the 50-day EMA at $61,960 suggest a cautious outlook below $62,510.
Shivam Thakral, CEO of BuyUcoin, said: “The crypto market is witnessing another volatile session as BTC has slipped below the $61,000 level due to heavy liquidations on DeFi platforms. According to Coinglass data, spot Bitcoin ETFs saw $31 million inflows on Tuesday, ending a seven-day streak of outflows. This shows that institutional buying is at the high end. The bullish sentiment is expected to continue on Friday as $6.68 billion worth of bitcoin (BTC) options and $3.5 billion worth of ether (ETH) options expire on Deribit, a crypto derivatives exchange.
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