News
Bitcoin Soars Above $61K, Akash Network Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to surpass the $61,000 mark early Friday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), have seen a mix of smaller gains across the board as an overall market of fear and greed. The index stands at 46 (neutral) out of 100, according to CoinMarketCap data. The Akash Network token (AKT) emerged as the biggest gainer, with a jump of almost 15% in 24 hours. Fetch.ai (FET) became the biggest loser, falling more than 11% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization stood at $2.28 trillion, jumping 1.17% in 24 hours.
Bitcoin (BTC) price today
According to CoinMarketCap, the price of Bitcoin stood at $61,597.48, recording a jump of 0.94% in 24 hours. According to Indian exchange WazirX, the price of BTC stood at Rs 55.40 lakh.
Ethereum (ETH) price today
The price of ETH was $3,452.50, marking a 24-hour jump of 2.11 percent at the time of writing. According to WazirX, the price of Ethereum in India was Rs 3.09 lakh.
Dogecoin (DOGE) Price Today
DOGE posted a 24-hour gain of 2.85 percent, according to data from CoinMarketCap, currently trading at $0.1256. According to WazirX, the price of Dogecoin in India was Rs 11.21.
Litecoin (LTC) price today
Litecoin has seen a 3.67 percent jump in 24 hours. At the time of writing, it was trading at $73.56. LTC price in India was Rs 6,547.69.
Ripple (XRP) price today
XRP price was $0.4764, with a 24-hour gain of 1.54 percent. According to WazirX, Ripple price was Rs 42.71.
Solana (SOL) Price Today
Solana’s price was $146.10, marking a 24-hour jump of 6.54 percent. According to WazirX, the price of SOL in India was Rs 13,207.65.
Cryptocurrency Top Earnings Today (June 28)
According to data from CoinMarketCap, here are the five cryptocurrencies that have recorded the biggest gains in the last 24 hours:
Akash Network (AKT)
Price: $3.65
Earnings in 24 hours: 14.59%.
Book of Memes (BOME)
Price: $0.01047
Earnings in 24 hours: 13.81%.
Conffluent (CFX)
Price: $0.1714
Earnings in 24 hours: 10.07 percent
Avalanche (AVAX)
Price: $27.91
Earnings over 24 hours: 8.50 percent
Dots (DOT)
Price: $6.22
Earnings in 24 hours: 8.21%.
Cryptocurrency’s Biggest Losers Today (June 28)
According to CoinMarketCap data, here are the five cryptocurrencies that have lost the most in the last 24 hours:
Fetch.ai (FET)
Price: $1.47
Loss in 24 hours: 11.82%.
SingularityNET (AGIX)
Price: $0.6207
Loss in 24 hours: 9.45 percent
Notcoin (NOT)
Price: $0.01532
Loss in 24 hours: 3.56 percent
Pendel (PENDEL)
Price: $5.26
Loss in 24 hours: 3.44 percent
Lido DAO (LDO)
Price: $2.36
Loss in 24 hours: 2.96%.
What Cryptocurrency Exchanges Are Saying About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin has surpassed $62,000 in the past 24 hours, driven by investors returning to Bitcoin ETFs and an increase in US real GDP. United The next hurdle for BTC is at $62,700, with support at around $61,400. Bulls are actively buying at these support levels on Ether by July 4. Solana jumped 9% following VanEck’s call for a Solana ETF.”
CoinSwitch Markets Desk noted, “Asset manager VanEck’s unveiling of the first Solana exchange-traded fund (ETF) in the United States has triggered a 6% surge in the price of SOL, pushing it to $148. This follows a similar launch of the Solana ETF in Canada just six days earlier. The SEC’s approval of the first spot Bitcoin ETF and the expected approval of an Ether ETF signal a growing trend in cryptocurrency investment products. Analysts predict that ETH ETFs could attract $5 billion within the first five months, driven largely by independent investment advisors and broker-dealer platforms. However, the lack of staking rewards may dampen the appeal of these spot ETFs for some investors.”
Rajagopal Menon, vice president of WazirX, said: “In a notable change, Bitcoin posted gains as optimism grew ahead of the expected Biden versus Trump debate, with investors expecting the cryptocurrency to be a focal point. However, the absence of any mention of cryptocurrencies during the debate has led to concerns about the potential impact on Bitcoin prices, perhaps dampening sector enthusiasm. Holding its level above the $60,000 mark, Bitcoin is rooted in oversold territory. , indicating prolonged bearish sentiment. Market analysts predict that this phase of stagnation could continue for a few more weeks. Conversely, the upcoming launch of the Ethereum ETF on July 4 is seen as a potential turning point. Ethereum price projections rising above $5,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin has surpassed $61,500 as over one million addresses now hold at least one whole bitcoin, marking a significant milestone. The surge reflects growing confidence in bitcoin’s long-term investment appeal amid market volatility. The rise of wholecoiners highlights growing confidence in bitcoin as a stable asset and store of value. With only 21 million bitcoins ever having existed, owning them 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, facing resistance at $62,700 but showing potential for further gains, supported by technical indicators and market sentiment.”
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Disclaimer: Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with other relevant relevant literature before making any investment. Cryptocurrency Market forecasts are speculative and any investment made will be at the sole cost and risk of the readers.