Crypto Price Today: Bitcoin, Ether Prices Hold Stable While Altcoins Show Mixed Trends

The crypto market continued its lackluster trajectory for the third week of June, with cryptocurrencies posting mixed prices the following week. Bitcoin recorded a minor gain of 0.32% on Monday June 17 according to CoinMarketCap. With this, the price of this asset on international exchanges stands at $66,426 (approximately Rs. 55.4 lakh). Meanwhile, on Indian exchanges like WazirX and CoinSwitch, the value of Bitcoin stands at $71,504 (approximately Rs. 59.7 lakh). The asset has been stagnant between these price levels for some time now, and no major push is expected in the near future to drive change.

“Bitcoin price movement is flattened. Its nearest support level lies at $64,825 (approximately Rs. 54 lakh), while the next resistance point awaits at $66,978 (approximately Rs. 66.9 lakh),” said Edul Patel, CEO from Mudrex to Gadgets360.

Ether rose in value by 3.45 percent on Monday. With this, Ether is currently trading around the price of $3,232 (approximately Rs. 2.70 lakh).

“ETH made a strong comeback this week, finding support at its key 50-day moving average (SMA) around $3,415 (roughly Rs. 2.85 lakh). The next hurdle for the bulls is the 20-day EMA which currently sits at $3,612 (around Rs. 3 lakh). However, a break below the 20-day EMA and a daily close below the 50-day SMA could trigger a further decline towards the crucial support zone around $2,850 (approximately Rs. 2.38 lakh),” Rajagopal Menon, Vice President, WazirX told Gadgets360. .

Cardano, Tron, Peas, Chain link, Uniswap, Close protocolAnd Polygon reflected the profits.

Litecoin, Leo, Stellar, CosmosAnd outsider also recorded minor profits.

The overall crypto market cap increased by 0.44% in the last 24 hours. With this, the crypto sector valuation stands at $2.42 trillion (approximately Rs. 2,02,14,054 crore), showed CoinMarketCap.

A number of cryptocurrencies also posted losses on Monday. These include Attached, Ripple, Dogecoin, Shiba InuAnd avalanche.

Price cuts have also taken place Kronos, BitcoinSVAnd Elrond.

“Despite a strong job market, the United States, crypto’s largest consumer base, is being cautious with its investments in the altcoin market. California is set to hold a meeting in Washington regarding the regulation of crypto assets, billed as the most important event yet involving all stakeholders. This is a precursor to the US elections where crypto will be an important pivot for both parties,” Menon added.

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