Cryptocurrency Price Today: Bitcoin Dips Below $62,000 As Downward Trend Continues

Cryptocurrency price on June 25 quick take: The global market cap dipped to $2.26 trillion.

Bitcoin price stood at $61,195.07 on Tuesday.

Source : Getty

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $62,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of minor gains and losses across the board as the overall Market Fear & Greed Index stood at 49 (Neutral) out of 100, as per CoinMarketCap data. The Fetch.ai (FET) token emerged to be the biggest gainer, with a 24-hour jump of nearly 21 percent. Gnosis (GNO) became the biggest loser, with a 24-hour dip of over 5 percent. 

The global crypto market cap stood at $2.26 trillion at the time of writing, registering a 24-hour dip of 1.08 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $61,195.07, registering a 24-hour dip of 2.06 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 55.56 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,371.37, marking a 24-hour loss of 0.53 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.06 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 1.53 percent, as per CoinMarketCap data, currently priced at $0.1234. As per WazirX, Dogecoin price in India stood at Rs 11.09.

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 6,375.

Ripple (XRP) Price Today

XRP price stood at $0.4789, seeing a 24-hour gain of 0.24 percent. As per WazirX, Ripple price stood at Rs 43.17.

Solana (SOL) Price Today

Solana price stood at $136.13, marking a 24-hour gain of 7.32 percent. As per WazirX, SOL price in India stood at Rs 12,416.58. 

Top Crypto Gainers Today (June 25)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Fetch.ai (FET)

Price: $1.71
24-hour gain: 20.97 percent

dogwifhat (WIF)

Price: $1.93
24-hour gain: 20.39 percent

SingularityNET (AGIX)

Price: $0.6944
24-hour gain: 17.78 percent

Lido DAO (LDO)

Price: $2.42
24-hour gain: 16.78 percent

Bonk (BONK)

Price: $0.00002263
24-hour gain: 15.76 percent

Top Crypto Losers Today (June 25)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Gnosis (GNO)

Price: $296.80
24-hour loss: 5.41 percent

ORDI (ORDI)

Price: $36.74
24-hour loss: 5.21 percent

Nexo (NEXO)

Price: $1.15
24-hour loss: 2.75 percent

Mantle (MNT)

Price: $0.7586
24-hour loss: 2.74 percent

KuCoin Token (KCS)

Price: $9.56
24-hour loss: 2.71 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's price fell to $59,000, the lowest point in six weeks. There are several reasons for this decline. The German government, which transferred nearly 6,500 BTC, as reported by Arkham Intelligence on June 19, pulled BTC down. Yesterday, Mt. Gox announced it would return $8.5 billion worth of BTC to clients affected by the 2014 hack. Since Bitcoin’s price has risen more than 8,000% since 2014, this could introduce a certain amount of selling pressure for BTC. The decline in BTC's price also coincides with outflows from spot Bitcoin ETFs. However, BTC has since recovered and is trading above the $61,000 level. The next immediate resistance lies at the $61,400 level and the support is at the $60,800 level. Investors and traders should monitor the market closely for developments.”

CoinSwitch Markets Desk noted, “It was a rather unusual day in crypto ecosystem, While Bitcoin (BTC) plummeted by over 8% at one point, altcoins showed resilience, maintaining their positions as BTC dominance decreased by nearly 1%. Despite being in a bearish trend for the past 18 days, BTC appears to have found support at $58.5k USD. Before the daily closing candle, it managed a slight rebound above $60k USD. Bitcoin has gone below 60k USD mark only once after February end this year.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) faced bearish pressure recently, falling from $64,380 to $61,090 amid increased selling activity. It's down more than 6% over the past week, driven by profit-taking from addresses that bought BTC between $63,490 and $64,930, and significant miner selling totaling 30,000 BTC ($2 billion) since June. The strength of the US dollar, supported by robust US PMI data and expectations of a Fed rate cut, also dampened BTC prices. Analysts suggest that the current lull in the price of BTC is temporary and expect future catalysts to drive upward momentum. Immediate levels to watch include resistance at $63,440, $64,510 and $65,710 and support at $60,620, $59,670 and $58,630, with the RSI at 13 indicating oversold conditions.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market continued its downward trend with the overall crypto market cap slipping by almost 3.5% to $2.27 trillion. At the time of writing, BTC was trading at $61,290 while Ethereum was changing hands at $3,383. The wider sell-off in the crypto market created immense pressure on digital assets across the board including altcoins. The market sentiment is slightly on the negative side which will keep the investors on their toes in the coming weeks.”

CoinDCX Research Team told ABP Live, “The market saw a significant downturn due to Mt. Gox news, with BTC dropping below $59,000 and ETH falling below $3,300. Despite the dip, altcoins outperformed BTC as the ETH/BTC pair remained strong. Currently, the market appears stable with open interest flushed and funding rates reset, even turning negative. Technical indicators remain strong on higher time frames. Newly released tokens continue to perform better than older coins.”

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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.