Cryptocurrency Price Today: Bitcoin Rises Above $63,000 Over The Weekend
Cryptocurrency price on July 1 quick take: The global market cap rose to $2.28 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $63,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 49 (Neutral) out of 100, as per CoinMarketCap data. The Ethereum Name Service (ENS) token emerged to be the biggest gainer, with a 24-hour jump of nearly 30 percent. Kaspa (KAS) became the biggest loser, with a 24-hour dip of nearly 2 percent.
The global crypto market cap stood at $2.33 trillion at the time of writing, registering a 24-hour jump of 2.98 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $63,193.77, registering a 24-hour jump of 4.11 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 56.89 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,483.77, marking a 24-hour jump of 3.66 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 4.67 percent, as per CoinMarketCap data, currently priced at $0.1262. As per WazirX, Dogecoin price in India stood at Rs 11.22.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.21 percent. At the time of writing, it was trading at $75.22. LTC price in India stood at Rs 6,673.59.
Ripple (XRP) Price Today
XRP price stood at $0.4778, seeing a 24-hour gain of 1.59 percent. As per WazirX, Ripple price stood at Rs 42.80.
Solana (SOL) Price Today
Solana price stood at $147.21, marking a 24-hour jump of 7.21 percent. As per WazirX, SOL price in India stood at Rs 13,183.48.
Top Crypto Gainers Today (July 1)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Ethereum Name Service (ENS)
Price: $32.45
24-hour gain: 29.08 percent
dogwifhat (WIF)
Price: $2.29
24-hour gain: 17 percent
Mog Coin (MOG)
Price: $0.000001923
24-hour gain: 13.53 percent
Bearm (BEAM)
Price: $0.01722
24-hour gain: 12.66 percent
Ondo (ONDO)
Price: $1.21
24-hour gain: 10.66 percent
Top Crypto Losers Today (July 1)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Kaspa (KAS)
Price: $0.1877
24-hour loss: 1.54 percent
Litecoin (LTC)
Price: $75.23
24-hour loss: 0.29 percent
UNUS SED LEO (LEO)
Price: $5.81
24-hour loss: 0.22 percent
TRON (TRX)
Price: $0.125
24-hour loss: 0.13 percent
Lido DAO (LDO)
Price: $2.36
24-hour loss: 2.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin bounced back above $63,000 as lower prices drew in buyers. Bulls successfully defended the $60,000 mark and pushed BTC past $62,500. The next resistance is at $64,600, with support at $62,700. Meanwhile, Ethereum also saw a rise as the market eagerly awaits the spot Ether ETF approval this week.”
CoinSwitch Markets Desk noted, “The EU's new Markets in Crypto-Assets (MiCA) regulation has taken effect, providing comprehensive legal and regulatory clarity for the digital asset market. MiCA aims to address the crypto industry's boom-bust cycles and give euro-denominated stablecoins a chance to succeed. It requires stablecoins to comply with e-money rules, enhancing consumer protections and setting a precedent for future crypto legislation globally. On the other hand, the U.S. Securities and Exchange Commission (SEC) has sued Ethereum software provider ConsenSys, alleging that its MetaMask wallet service acted as an unregistered broker by offering the sale of securities. The SEC also targeted Ethereum staking services Lido and Rocket Pool, claiming their popular stETH and rETH tokens are unregistered securities. This lawsuit represents the SEC's latest attempt to regulate a broad swath of the crypto market as securities.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently hovering around $60,000, with David Portnoy eyeing a potential $10 million investment if it falls below $50,000. His move could affect market momentum amid reports of long-term holders selling assets. Bitcoin's immediate resistance is at $61,500, which is key to start a bullish trend towards $62,500 and $64,300. Despite the downtrend of the 50-day EMA at $61,240, Bitcoin's hold above this level and the RSI of 60.11 indicate a balanced market sentiment. Traders should closely monitor support levels at $59,940, $59,270 and $58,580, while considering long positions above $61,200 with robust risk management.”
Shivam Thakral, CEO of BuyUcoin, said, “After a low-key weekend, Bitcoin jumped by over 4% in the past few hours. On the other hand, Ethereum followed the BTC trajectory and jumped by over 3.5% to touch the $3480 mark. With the US presidential debate showing that pro-crypto Trump has a better chance of winning the upcoming elections, investors are optimistic about the future of the world’s largest digital asset. The crypto market will sustain this momentum this week if the macroeconomic factors remain favourable.”
CoinDCX Research Team told ABP Live, “The market saw gains, with BTC crossing $63,000 and ETH nearing $3,500. BTC seems to have taken support from the range low and is continuing to move upward within this range. ETH is attempting to break out of its downtrend channel again, which is bullish. Overall, the market looks healthy right now, but this week will be crucial due to key U.S. macro events such as the job openings and unemployment rate announcements.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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