Cryptocurrency Price Today: Bitcoin Dipped Down To $69,000, Mantra Becomes Top Gainer
Cryptocurrency price on June 10 quick take: The global market cap dipped to $2.54 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, lost all its gains from last week (going up to $71,000) and dipped down to the $69,000 range early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor gains and dips across the board as the overall Market Fear & Greed Index stood at 61 (Greed) out of 100, as per CoinMarketCap data. The Mantra (OM) token emerged to be the biggest gainer, with a 24-hour jump of over 19 percent. ORDI became the biggest loser, with a 24-hour dip of nearly 4 percent.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour gain of 0.52 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $69,617.02, registering a 24-hour jump of 0.55 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 61.61 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,687.67, marking a 24-hour gain of 0.40 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.26 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.28 percent, as per CoinMarketCap data, currently priced at $0.1457. As per WazirX, Dogecoin price in India stood at Rs 13.10.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.29 percent. At the time of writing, it was trading at $79.85. LTC price in India stood at Rs 7,125.47.
Ripple (XRP) Price Today
XRP price stood at $0.4987, seeing a 24-hour jump of 1.19 percent. As per WazirX, Ripple price stood at Rs 44.03.
Solana (SOL) Price Today
Solana price stood at $159.96, marking a 24-hour gain of 1.61 percent. As per WazirX, SOL price in India stood at Rs 14,200.62.
Top Crypto Gainers Today (June 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mantra (OM)
Price: $1.09
24-hour gain: 19.24 percent
Oasis (ROSE)
Price: $0.1185
24-hour gain: 13.48 percent
Notcoin (NOT)
Price: $0.01919
24-hour gain: 8.53 percent
Chiliz (CHZ)
Price: $0.1261
24-hour gain: 6.60 percent
Pepe (PEPE)
Price: $0.00001276
24-hour gain: 5.60 percent
Top Crypto Losers Today (June 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
ORDI (ORDI)
Price: $57.99
24-hour loss: 3.50 percent
Fetch.ai (FET)
Price: $1.70
24-hour loss: 2.73 percent
Injective (INJ)
Price: $27.63
24-hour loss: 2.01 percent
Filecoin (FIL)
Price: $6.11
24-hour loss: 1.80 percent
Cronos (CRO)
Price: $0.1089
24-hour loss: 1.71 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded below the $71,000 mark over the weekend following a surprisingly robust May employment report, which showed 272,000 jobs added. This strong job growth has fueled investor and trader optimism about potential rate cuts in September. Despite the dip, Bitcoin has remained comfortably above $69,000, indicating bullish sentiment as investors seize buying opportunities. The next resistance level is at $70,600, with support at $67,100.”
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said, “Last Friday, Bitcoin's price dropped below $70,000, erasing most of its weekly gains. This steep decline was part of a broader crypto market selloff, triggered by an unexpectedly strong US employment report. The report revealed that 272,000 jobs were added in May, significantly surpassing the forecast of 185,000. This strong jobs report, coupled with higher-than-expected wage growth, led to a sell-off in stock market futures and a surge in Treasury yields. The prospect of sustained higher interest rates pressured Bitcoin, causing it to fall sharply from a two-month high, currently priced at $69,740.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's price has increased by 0.75% in the last 24 hours, reaching $69,724 on June 10. This performance outpaces the broader crypto market's similar decline. The rise is driven by a strong U.S. employment report, with nonfarm payrolls surging by 272,000 and a slight reduction in the BTC supply held by whales. Technically, Bitcoin tested its resistance at $70,000, which is the neckline of an inverse-head-and-shoulders (IH&S) pattern. Bitcoin could target $90,000 in July if this classic bullish reversal setup holds. Conversely, a pullback could send BTC toward its 50-day EMA at around $66,740.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading at $69,300, a slight increase of less than 0.10%. A tweet from millionaire trader Zoran Kole has caused concern in the market. Kole cryptically referred to "$44,444," suggesting a bearish outlook and suggesting that Bitcoin could drop significantly from its current levels. This prediction increased market uncertainty and prompted traders to keep a close eye on Bitcoin's support and resistance levels. Currently, Bitcoin's key support is at $68,700, with resistance at $69,600 and $69,750. The 50-day EMA at $69,600 is crucial to confirm the bullish trend. The recommendation is to sell below $69,700 and buy above $68,700.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market had a moderately volatile weekend as the world’s largest digital asset, Bitcoin fell below the $70,000 market after challenging $ the $72,000 level on Friday. Stronger than expected US jobs data dashed the rate cut hopes by the US fed which dampened the investor sentiment. Investors switched to sell-off mode due to which BTC plunged below the $70,000 mark while Ethereum is hovering around the $3600 mark, at the time of writing. Markets are expected to remain choppy this week.”
CoinDCX Research Team told ABP Live, “This week, the market experienced high volatility due to key U.S. macro data announcements. While the overall week showed promise, Friday saw a sudden drop despite favourable data, creating mixed signals. BTC technically bounced from the 20 EMA D and key support level. Key support levels to consider are around $68,400, $67,000, and $66,000. On the upside, resistance levels are at $71,500, $72,350, & $73,500.”
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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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