Cryptocurrency Price Today: Bitcoin Remains Below $68,000 As Top Coins See Bloodbath
Cryptocurrency price on June 11 quick take: The global market cap dipped to $2.45 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, failed to climb above the $68,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 56 (Neutral) out of 100, as per CoinMarketCap data. Memecoin PEPE emerged to be the biggest gainer, with a 24-hour jump of over 11 percent. ORDI became the biggest loser, with a 24-hour dip of nearly 10 percent.
The global crypto market cap stood at $2.45 trillion at the time of writing, registering a 24-hour dip of 0.88 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,380.03, registering a 24-hour dip of 0.83 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,517.76, marking a 24-hour dip of 1.25 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.16 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.30 percent, as per CoinMarketCap data, currently priced at $0.1394. As per WazirX, Dogecoin price in India stood at Rs 12.55.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.58 percent. At the time of writing, it was trading at $77.25. LTC price in India stood at Rs 6,937.
Ripple (XRP) Price Today
XRP price stood at $0.4816, seeing a 24-hour loss of 1.15 percent. As per WazirX, Ripple price stood at Rs 43.15.
Solana (SOL) Price Today
Solana price stood at $150.85, marking a 24-hour dip of 2.19 percent. As per WazirX, SOL price in India stood at Rs 13,555.01.
Top Crypto Gainers Today (June 11)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pepe (PEPE)
Price: $0.00001293
24-hour gain: 11.04 percent
Bonk (BONK)
Price: $0.00002803
24-hour gain: 7.94 percent
Ondo (ONDO)
Price: $1.26
Stacks (STX)
Price: $2.21
24-hour gain: 4.27 percent
Kaspa (KAS)
Price: $0.1648
24-hour gain: 4.08 percent
Top Crypto Losers Today (June 11)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
ORDI (ORDI)
Price: $51.02
24-hour loss: 9.40 percent
Akash Network (AKT)
Price: $4.03
24-hour loss: 8.01 percent
dYdX (Native) DYDX
Price: $1.68
24-hour loss: 5.63 percent
FLOKI (FLOKI)
Price: $0.0002351
24-hour loss: 5.53 percent
Chiliz (CHZ)
Price: $0.1181
24-hour loss: 5.48 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin fell to three weeks low at $66,170 level on Tuesday with increased liquidations. However, it has since consolidated at the $67,000 level ahead of the key US inflation report and Federal Reserve meeting due for today. The next immediate support lies at the $67,100 and the resistance at the $67,700. On the other hand, Ethereum is also trading in the similar lines with Bitcoin trading at $3,400 level.”
CoinSwitch Markets Desk noted, “With all eyes on US CPI Data and Fed interest rate decision today, crypto market has already taken a beating with Bitcoin holding fort at 66k USD. With market expecting no rate cuts in the US, any sign of a rate cut could drive the market to bullish territories yet again. In altcoin news, Polygon community treasury have promised 1 billion tokens over the next 10 years for incentivising builders to build on top of the polygon blockchain with season 1 consisting of distributing around 22 million dollars for the same. With MATIC underperforming against other crypto assets, this could give the project some much needed boost.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is trading near $67,250 as the market awaits key US economic data. Core CPI is expected to hold steady at 0.3%, while headline CPI is expected to rise 0.1%. These numbers influence the Fed's monetary policy. Higher inflation can lead to an increase in interest rates, which can have a negative impact on Bitcoin. Conversely, lower inflation could support bitcoin. The key is the announcement of Fed rates and the FOMC projection at 6:00 p.m. Bitcoin is currently slightly bearish, trading at $67,262, with key support at $65,985 and resistance at $69,174. A buy position is recommended above $65,985 with a target of $69,174.”
Shivam Thakral, CEO of BuyUcoin, said, “The financial markets around the world including the digital asset market are bracing for the crucial inflation data and US Fed meeting on Wednesday, which could determine the interest rate decision by the US Fed. The crypto market witnessed a marginal decline with BTC slipping below the $68,000 mark while Ethereum changed hands below the $3600 level at the time of writing. If the Fed decides to cut the interest rate after encouraging inflation data, we can expect an upward trajectory in the overall crypto market.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the crypto market continued to fall as investors and traders await key U.S. economic data: CPI and the Fed's fund rate (both to be announced today), and PPI (to be announced tomorrow). Technically, BTC broke below a key support level but rebounded, currently hovering around that level. Today's daily close will be crucial. ETH is also holding at the critical $3500 support level. If it loses this support, it could fall to the $3200 level. The ETH/BTC pair is at a key support/resistance flip level. If BTC pushes up slightly, ETH and other altcoins are likely to outperform BTC.”
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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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