Cryptocurrency Price Update: Bitcoin Remains Below $62,000, Notcoin Tops Gainers List
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to cross the $62,000 mark early Wednesday. Other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) saw minor changes in their values, with the overall Market Fear & Greed Index standing at 46 (Neutral) out of 100. Notcoin (NOT) became the biggest gainer, jumping nearly 14 percent in the last 24 hours. On the other hand, Arweave (AR) witnessed a significant drop with a more than 5 percent dip.
The global crypto market cap stood at $2.27 trillion, which means it gained 0.87 percent in the last 24 hours.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,497.21, showing a 24-hour increase of 0.90 percent.
Ethereum (ETH) Price Today
ETH price stood at $3,380.46, marking a 24-hour gain of 0.47 percent.
Dogecoin (DOGE) Price Today
DOGE saw a 24-hour rise of 2.27 percent, priced currently at $0.1251.
Litecoin (LTC) Price Today
Litecoin had a 24-hour gain of 1.26 percent, trading at $71.52.
Ripple (XRP) Price Today
XRP price was $0.474, showing a 0.24 percent gain in the last 24 hours.
Solana (SOL) Price Today
Solana stood at $136.37, marking a rise of 1.14 percent in the past 24 hours.
Top Crypto Gainers Today
- Notcoin (NOT): Price: $0.0161 | 24-hour gain: 13.27 percent
- Ethereum Name Service (ENS): Price: $24.63 | 24-hour gain: 8.21 percent
- Pepe (PEPE): Price: $0.00001258 | 24-hour gain: 7.76 percent
- dogwifhat (WIF): Price: $22 | 24-hour gain: 7.75 percent
- Stacks (STX): Price: $1.72 | 24-hour gain: 7.45 percent
Top Crypto Losers Today
- Arweave (AR): Price: $27.92 | 24-hour loss: 5.60 percent
- NEAR Protocol (NEAR): Price: $5.27 | 24-hour loss: 4.94 percent
- Pendle (PENDLE): Price: $5.54 | 24-hour loss: 3.93 percent
- LayerZero (ZRO): Price: $2.66 | 24-hour loss: 3.81 percent
- Sui (SUI): Price: $0.8462 | 24-hour loss: 3.44 percent
What Crypto Exchanges Are Saying About the Current Market Scenario
Edul Patel's Perspective
“Bitcoin tested the $58,000 mark on Monday but rebounded to $62,000 within 24 hours. This recovery happened alongside a bounce in Nvidia and the Nasdaq Composite, both of which had faced their worst days since April in the previous session. The next resistance level for Bitcoin is at $62,900 with support at $61,600. Solana also surged after the Solana Foundation announced updates that allow users to share on-chain actions as shareable links across the internet.”
CoinSwitch Markets Desk Insights
“Bitcoin continues to hold the 61k USD mark. It’s the second-highest gainer day in June as the overall market remains balanced for both bulls and bears. The Bitcoin chart needs significant sell pressure on the downside to break the 4-month low of 56.5k USD and is likely to test 70k USD."
Sathvik Vishwanath's Take
“Bitcoin has struggled, falling below $61,000 but is now recovering. Factors for its decline include the German government transferring 6,500 BTC, worth $425 million, and significant outflows from Bitcoin ETFs, with Grayscale's GBTC seeing a $18.4 billion outflow. Bitcoin faces resistance at $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 might indicate a recovery. A break above $62,140 could improve sentiment, while a break above $60,620 could increase selling pressure.”
Shivam Thakral's View
“There is ongoing selling pressure on BTC as it briefly slipped below $60,000 but buying activities have pushed it above $61,000. Bitcoin is above the 200-day moving average, signaling recovery potential. The crypto market's stability depends on increasing buying interest from investors. Mt. Gox plans to return over 140,000 BTC to the victims of a 2014 hack in the next month, which might disrupt the digital asset market.”
This update aims to provide a clear and concise overview of recent cryptocurrency price changes and market insights to help you stay informed about the latest trends.
