Cryptocurrency Price Today: Bitcoin Dips Below $63,000 As Top Coins See Bloodbath
Cryptocurrency price on June 24 quick take: The global market cap dipped to $2.29 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below 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 reds across the board as the overall Market Fear & Greed Index stood at 49 (Neutral) out of 100, as per CoinMarketCap data. The UNUS SED LEO (LEO) token emerged to be the sole gainer, with a 24-hour jump of nearly 1 percent. LayerZero (ZRO) became the biggest loser, with a 24-hour dip of over 13 percent.
The global crypto market cap stood at $2.29 trillion at the time of writing, registering a 24-hour dip of 2.79 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $62,852.10, registering a 24-hour dip of 2.35 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 57.50 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,404.03, marking a 24-hour loss of 3.16 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.10 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.14 percent, as per CoinMarketCap data, currently priced at $0.1207. As per WazirX, Dogecoin price in India stood at Rs 11.15.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.72 percent. At the time of writing, it was trading at $71.89. LTC price in India stood at Rs 6,552.
Ripple (XRP) Price Today
XRP price stood at $0.4746, seeing a 24-hour gain of 2.73 percent. As per WazirX, Ripple price stood at Rs 43.26.
Solana (SOL) Price Today
Solana price stood at $126.48, marking a 24-hour dip of 6.14 percent. As per WazirX, SOL price in India stood at Rs 11,700.90.
Top Crypto Gainers Today (June 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $5.78
24-hour gain: 0.32 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 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
LayerZero (ZRO)
Price: $2.70
24-hour loss: 13.29 percent
Ethereum Name Service (ENS)
Price: $22.83
24-hour loss: 10.60 percent
dogwifhat (WIF)
Price: $1.59
24-hour loss: 10.59 percent
Brett (Based) (BRETT)
Price: $0.1332
24-hour loss: 10.15 percent
Pendle (PENDLE)
Price: $5.50
24-hour loss: 9.56 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded around the $62,000 level over the weekend hitting its one month lowest. BTC has been trading in red since the past few weeks, amid a strong dollar and a robust US tech index market. Additionally, activity in US spot Bitcoin ETFs has also decreased. If a rebound does not occur, there is a possibility of a breakout followed by a move towards the $60,000 level. Similarly, Ethereum has declined to the $3,400 level. With bears dominating the market, most altcoins are also trading in the red.”
CoinSwitch Markets Desk noted, “Bitcoin has fallen below $64,000 for the first time since mid-May, aligning with a broader market downturn as both the S&P 500 and Nasdaq Composite indexes also experienced declines. Analysts attribute this negative sentiment to concerns over higher interest rate regime and a potential economic slowdown. Additionally, U.S. spot bitcoin ETFs recorded their fifth consecutive day of outflows, which may have further pressured prices Despite the recent pullback, Bitcoin remains up over 50% year-to-date and continues to trade well above its 2023 lows. This resilience underscores its ongoing appeal to investors.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin has dropped below its $66,000 support, now turned resistance, and is trading at approximately $62,954, down by 2.81%. This shift marks a key change in market behaviour. Around 1.9 million addresses bought BTC between $63,493 and $64,931. If breached, the new support level could lead to further declines as investors seek to break even, adding selling pressure at this level. With a decline of 2.87% in the past 24 hours, currently trading at $3,408, Ethereum shows reversal potential as it enters a falling wedge pattern and relies on the 50 EMA support. This pattern suggests a bullish reversal, with ETH potentially breaking upward soon. With the RSI near 46, ETH is poised to rise without heavy selling pressure. Increasing trading volumes further support a bullish breakout.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $64,380, which is slightly below the $64,500 pivot point, indicating a bearish trend. Interest from retail investors has increased by 7% since May, indicating a potential stabilization of the market. Analysts point out that retail momentum and profits from the reinvestment of crypto whales could support the recovery. Mining dynamics are crucial as inefficient miners exit the market, signaling potential price increases. Key resistance levels are at $65,000, $65,700 and $66,500, while support lies at $64,000, $63,500 and $62,900. The RSI is neutral at 47.8 and the 50-day EMA at $64,500 is adding resistance, indicating continued bearish sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “As per the media reports, the US commodity Futures Trading Commission (CFTC) is investigating Jump Crypto and it remains to be seen if CFTC will consider any charges against the company. The negative news showed an immediate impact on the crypto market as BTC slipped below the $64,000 mark during the weekend. Ethereum on the other hand is changing hands at $3,385 level at the time of writing which is a dip of over 3.5% from the previous day. The market is expected to remain choppy in the coming weeks owing to the uncertain macroeconomic factors.”
CoinDCX Research Team told ABP Live, “The crypto market continues to fall and remain choppy as BTC declines due to negative ETF flows and poor macro data from prior weeks. BTC has fallen below the key level of $64k, with key support levels at $60,700 and $56,700, and resistance at $67,100 and $71,650. ETH is trading sideways and needs to break either the range low or high for a clearer direction. Significant support levels for ETH are $3435 and $3350, while resistance levels are $3650 and $3950.”
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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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