News
Bitcoin remains below $62,000, Notcoin becomes the top gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to break above the $62,000 mark early Wednesday. 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 46 (neutral) out of 100, according to CoinMarketCap data. Notcoin (NOT) token emerged as the biggest gainer, jumping nearly 14% in 24 hours. Arweave (AR) became the biggest loser, down more than 5% in 24 hours.
At the time of writing, the global cryptocurrency market cap stood at $2.27 trillion, up 0.87% over 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, the price of Bitcoin stood at $61,497.21, recording a jump of 0.90% in 24 hours. According to Indian exchange WazirX, the price of BTC stood at Rs 55.15 lakh.
Ethereum (ETH) price today
At the time of writing, ETH price stood at $3,380.46, marking a 24-hour gain of 0.47%. According to WazirX, the price of Ethereum in India stood at Rs 3.03 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour gain of 2.27%, according to CoinMarketCap data, currently priced at $0.1251. According to WazirX, the price of Dogecoin in India was Rs 11.30.
Litecoin (LTC) price today
Litecoin recorded a gain of 1.26% in the 24 hours. As of this writing, it was trading at $71.52. The price of LTC in India stood at Rs 6,461.46.
Ripple (XRP) Price Today
XRP price settled at $0.474, recording a 24-hour gain of 0.24%. According to WazirX, Ripple price stood at Rs 42.55.
Solana (SOL) Price today
Solana’s price settled at $136.37, marking a gain of 1.14% in the 24 hours. According to WazirX, the SOL price in India stood at Rs 12,150.
Top cryptocurrency gains today (June 26)
According to CoinMarketCap data, here are the five biggest cryptocurrency gains in the last 24 hours:
Notcoin (NOT)
Price: $0.0161
Earnings over 24 hours: 13.27%.
Ethereum Naming Service (ENS)
Price: $24.63
Earnings over 24 hours: 8.21%.
Pepper (PEPPER)
Price: $0.00001258
Earnings over 24 hours: 7.76%.
dogwifhat (WIF)
Price: $2
Earnings over 24 hours: 7.75%.
Stacks (STX)
Price: $1.72
Earnings over 24 hours: 7.45 percent
Today’s Top Crypto Losers (June 26)
According to CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:
Arweave (AR)
Price: $27.92
Loss in 24 hours: 5.60%.
NEAR (NEAR) protocol
Price: $5.27
Loss in 24 hours: 4.94%.
PENDLE (PENDLE)
Price: $5.54
Loss in 24 hours: 3.93%.
LevelZero (ZRO)
Price: $2.66
Loss in 24 hours: 3.81%.
Sui (SUI)
Price: $0.8462
Loss in 24 hours: 3.44 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin, after testing $58,000 on Monday, has rebounded to $62,000 in the last 24 hours. This move coincided with the recovery of Nvidia and the Nasdaq Composite, which in the previous session both experienced their worst days since April. The next resistance level for Bitcoin is at $62,900, while support is at $61,600. Meanwhile, Solana has also seen a surge following the Solana Foundation’s announcement of an update that allows users to share actions on-chain as shareable links across the internet.”
The CoinSwitch Markets Desk noted: “Bitcoin continues to hold the USD 61,000 mark, making it only the second highest gaining day in June as long as the overall market structure remains perfectly balanced for both bulls and bears to support their respective reasons.However, the Bitcoin chart needs significant downside selling pressure to break the 4-month low of USD 56.5,000 and is likely to retest USD 70,000 first.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin (BTC) has struggled recently, falling below $61,000, but is recovering and trading above that level. Factors contributing to the Its declines include the transfer of 6,500 BTC by the German government, worth $425 million, which sparked speculation of increased selling pressure. Additionally, Bitcoin ETFs have seen significant outflows exceeding $1 billion. with Grayscale’s GBTC recording a total outflow of $18.4 billion. Institutional selling amid global uncertainty has further weighed on BTC prices. BTC is currently trading at $61,340 and is facing resistance levels $63,435, $64,510 and $65,710 with support at $60,620, $59,670 and $58,630 The Relative Strength Index (RSI) at 37 shows potential oversold conditions that could signal a recovery. A move above $62,140 could lead to an increase in sentiment, while a move above $60,620 could increase selling pressure.
Shivam Thakral, CEO of BuyUcoin, said: “Selling pressure on BTC continues as it slipped below the $60,000 level yesterday, but buying activity pushed BTC price above $61,000. Bitcoin still appears to be above the 200-day moving average, which is a good sign for the recovery of the world’s largest digital asset. The cryptocurrency market will stabilize if buying interest grows within the Mt. investment community Gox, which is expected to return over 140,000 BTC to victims of a 2014 hack, said it will begin refunds next month and expects this news to create some disruption in the digital asset market.
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