Cryptocurrency Price Today: Bitcoin Dips Below $65,000, CORE Becomes Top Gainer
Cryptocurrency price on June 21 quick take: The global market cap dipped to $2.35 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $65,000 mark early Friday. 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 52 (Neutral) out of 100, as per CoinMarketCap data. The CORE token emerged to be the biggest gainer, with a 24-hour jump of nearly 11 percent. LayerZero (ZRO) became the biggest loser, with a 24-hour dip of over 13 percent.
The global crypto market cap stood at $2.35 trillion at the time of writing, registering a 24-hour dip of 0.50 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $64,484.23, registering a 24-hour dip of 0.92 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.27 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,552.12, marking a 24-hour loss of 0.12 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.18 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.59 percent, as per CoinMarketCap data, currently priced at $0.1229. As per WazirX, Dogecoin price in India stood at Rs 11.35.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.80 percent. At the time of writing, it was trading at $74.03. LTC price in India stood at Rs 6,750.
Ripple (XRP) Price Today
XRP price stood at $0.4931, seeing a 24-hour loss of 0.73 percent. As per WazirX, Ripple price stood at Rs 43.76.
Solana (SOL) Price Today
Solana price stood at $133.55, marking a 24-hour dip of 5.41 percent. As per WazirX, SOL price in India stood at Rs 12,140.
Top Crypto Gainers Today (June 21)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Core (CORE)
Price: $1.44
24-hour gain: 10.22 percent
ORDI (ORDI)
Price: $40.41
24-hour gain: 5.16 percent
Fantom (FTM)
Price: $0.5703
24-hour gain: 4.40 percent
NEAR Protocol (NEAR)
Price: $5.25
24-hour gain: 4.31 percent
Sui (SUI)
Price: $0.9056
24-hour gain: 4.30 percent
Top Crypto Losers Today (June 21)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
LayerZero (ZRO)
Price: $3.52
24-hour loss: 13.66 percent
JasmyCoin (JASMY)
Price: $0.02797
24-hour loss: 7.74 percent
zkSync (ZK)
Price: $0.1991
24-hour loss: 7.22 percent
Dogwifhat (WIF)
Price: $1.92
24-hour loss: 6.28 percent
Notcoin (NOT)
Price: $0.01431
24-hour loss: 6.25 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded below the $65,000 level over the past day, breaking its support at $66,809 due to increased liquidations. The next support level is set at $64,000. Sellers continue to apply pressure with no reversal signals in sight. Similarly, Ethereum is trading around the $3,500 level, in line with BTC's performance. Meanwhile, on Thursday, MicroStrategy acquired an additional 11,931 BTC for $786 million.”
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said, “In the past 24 hours, AI-themed tokens have experienced remarkable gains, with some surging up to 35%, significantly outperforming the broader crypto market. Leading the charge were tokens such as Fetch.ai's FET, SingularityNET's AGIX, and Ocean Protocol's OCEAN. This rally aligns with a notable rise in Nvidia's stock, now the world's most valuable company, reflecting growing investor interest in AI-related technologies.”
Rajagopal Menon, Vice President, WazirX, said, “Concerns over prolonged higher U.S. borrowing costs have weighed on the cryptocurrency market, particularly impacting Bitcoin, the world's largest digital currency. Tuesday's U.S. retail sales data indicated that consumers are feeling the strain of elevated interest rates, with analysts predicting only one interest rate cut this year. Despite a recent acquisition by MicroStrategy, Bitcoin's price showed minimal reaction, continuing its downward trend and testing critical support levels over the past 14 hours. However, a decline from the latest psychological support level at $65k might have an impact on investor confidence for the token in the near term.”
Shivam Thakral, CEO of BuyUcoin, said, “This significant penalty is a clear indication of the increasing scrutiny and regulation in the digital asset space. It's essential to stay informed and aware of such developments to navigate this evolving landscape successfully. I believe that the regulations are getting more organised for cryptocurrency exchanges, globally. The need for compliance is critical for user protection and to conduct business in a fearless environment. Sustained efforts by FIU-IND will lead to a fertile ground for Web3 businesses to grow and enable India to become a $1 trillion digital economy.”
CoinDCX Research Team told ABP Live, “The crypto market has been relatively stagnant, with little change over the past few days. BTC is consolidating around the $65,000 mark, and its direction remains uncertain. This is a critical level because a drop below it could lead BTC to fall to $60,000. Altcoins are generally weaker compared to BTC and ETH. ETH also stayed neutral. The ETH/BTC pair appears strong, but ETH is confined between a range low of $3,400 and a range high of $3,650. It needs to break through either level to define a clear direction.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's fall below $65,000 was partly due to crypto hedge funds reducing their exposure to Bitcoin to 0.37, the lowest since October 2020. This cautious approach by hedge funds, driven by expected volatility, macroeconomic conditions or regulatory uncertainties, increased selling pressure, which contributed to Bitcoin's decline. Bitcoin is currently trading at $65,100, facing critical resistance at $66,800 and support at $64,150. The RSI is neutral at 47, while the 50-day EMA coincides with channel resistance at $65,500, indicating a bearish trend if it closes below this pivot point.”
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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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