Altcoins
Cryptocurrency Price Today: Bitcoin Holds Above $61,000; Top Altcoins See Up to 3% Gains
Updated June 26, 2024 | 3:31 PM IST
Cryptocurrency prices today: According to data available on CoinMarketCap, the total amount of stablecoins is currently $60.4 billion, or 94.16% of the 24-hour volume of the whole of the cryptocurrency market.
Major cryptocurrencies also saw a positive bias in their trading. (Image: Freepik/ET NOW News)
Cryptocurrency prices today: Bitcoin saw steady trading on Wednesday, which edged up 1% to $61,411.71 at 2:30 p.m. IST. Major cryptocurrency currencies have also seen a positive bias in their trading. Etehreum, BNB, Solana, Dogecoin, Tron, Cardano, Shiba Inu, and Avalanche were among the other altcoins that rose as much as 2.5% throughout this period.
On the other hand, some altcoins including XRP, Polygon, XRP and Toncoin were down slightly by 1 percent.
“The cryptocurrency market has seen significant volatility recently, with Bitcoin (BTC) falling to $58,500, its lowest level since the Fed’s rate decision two weeks ago. This triggered a broader sell-off in altcoins. However, a rapid recovery followed, with BTC rebounding to $62,074, marking a 2.45% gain, alongside similar moves in altcoins. Solana (SOL) has seen significant price movements recently. Having started strong in 2023, it surpassed $200 but faced corrections. Currently, SOL is trading around $139.40, up 4.75% over the past day despite a weekly decline of 0.29% and a decline of 16.16% over the past month. Solana’s market cap stands at $64 billion, with daily trading volume down 25% to $2.5 billion, while its network’s total value locked (TVL) increased by 6 .44% to $4.25 billion,” said Mr. Rajagopal Menon, Vice President, WazirX.
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According to data available on CoinMarketCap, the total amount of stablecoins is currently $60.4 billion, or 94.16% of the 24-hour volume of the entire cryptocurrency market.
The world’s largest cryptocurrency, Bitcoin, saw its market capitalization increase to $1.21 trillion over the past day. Currently, Bitcoin Dominance represents 53.41% of the market, according to CoinMarketCap. Bitcoin volume decreased 35.24% to $26.8 billion the previous day.
“Bitcoin continues to hold the $61,000 mark, this is only the second winningest day of June as the overall market structure remains perfectly balanced for both bulls and bears to make their respective arguments. However, the Bitcoin chart needs significant downward pressure to break the 4-month low of $56.5,000 and is likely to retest $70,000 first,” according to CoinSwitch Markets Desk. .