Cryptocurrency Price Today: Bitcoin, Ether Stable Amid Volatility, Most Altcoins Hit by Recession

The cryptocurrency market is showing volatility for most of the cryptocurrencies on Wednesday, June 26. Bitcoin recorded a slight decline of 0.29 percent that dragged its price from $63,200 (roughly Rs. 52.8 lakh) to $61,752 (roughly Rs. 51.5 lakh) on June 26. foreign exchanges such as CoinMarketCap. On the domestic exchanges, meanwhile, Bitcoin is trading at $60,145 (roughly Rs. 50.2 lakh). However, the Bitcoin chart needs significant downside selling pressure to retest the $70,000 (roughly Rs. 58.4 lakh) mark.

“Bitcoin, after testing $58,000 (around Rs. 48.4 lakh) on Monday, has rebounded to $62,000 (around Rs. 51.9 lakh) in the last 24 hours. This move coincided with a rally in Nvidia and the Nasdaq Composite, both of which had their worst days since April in the previous session,” Edul Patel, CEO of Mudrex, told Gadgets360.

Ether showed a slight price increase of 2.63% on Crypto price tracker on Wednesday. Ether, at the time of writing, is trading at $3,725 (around Rs. 3.11 lakh) on domestic bourses and at $3,387 (around Rs. 2.82 lakh) on international ones.

“The sharp decline is unexpected in light of the expected approval of spot ETFs in the US in July, which had fueled optimism for a significant price recovery. Significant Year-To-Date Price Movements ETH, after breaking out of the ‘Descending Triangle’ pattern, rallied to $3,977 (around Rs. 33 lakh) and started consolidating in a range from $3,900 (around Rs. 3.25 lakh) to $3700 (approximately Rs. 3.25 lakh) 3.08 lakh),” the ZebPay Trade Desk told Gadgets360.

Since Wednesday, cryptocurrency trading at losses includes Binance coin, Ripple, Tron, Close protocol, Uniswap, Polygon, LeoAND Cosmos.

Meanwhile, cryptocurrencies trade profits Bind, Solana, Dogemoneta, Cardan, Shiba InuAND Avalanche.

Chain shirt, Polka dot, Litecoin, Stellar, Bitcoin SVAND Elrond it also managed to maintain small gains on the price charts.

The overall cryptocurrency market valuation managed to increase by 0.91% in the last 24 hours. As of Wednesday, the cryptocurrency market capitalization stands at $2.28 trillion (approximately Rs. 1,90,34,922 crore), shows CoinMarketCap.

“In altcoins, memecoins continued to dominate the day’s top movers, with Coinbase L2’s leading memecoin, BRETT, and Ethereum’s PEPE topping the charts. Both of these memecoins are inspired by artist Matt Furie’s comic book series, ‘The Boy’s Club,’” the CoinSwitch Markets Desk told Gadgets360.

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