Cryptocurrency Price Today: Bitcoin Dips Down To $60,000 As Market Woes Continue

Cryptocurrency price on June 27 quick take: The global market cap dipped to $2.24 trillion.

Bitcoin price stood at $60,696.05 on Thursday. ( Image Source :Mohamed Hassan/Pixabay )

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to the $60,000 mark early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw a mix of minor gains across the board as the overall Market Fear & Greed Index stood at 45 (Neutral) out of 100, as per CoinMarketCap data. The Kaspa (KAS) token emerged to be the biggest gainer, with a 24-hour jump of nearly 11 percent. BRETT became the biggest loser, with a 24-hour dip of over 7 percent. 

The global crypto market cap stood at $2.24 trillion at the time of writing, registering a 24-hour dip of 1.26 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $60,696.05, registering a 24-hour dip of 1.39 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 55 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,367.77, marking a 24-hour gain of 0.61 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.03 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 3.74 percent, as per CoinMarketCap data, currently priced at $0.1207. As per WazirX, Dogecoin price in India stood at Rs 10.86.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 0.53 percent. At the time of writing, it was trading at $70.70. LTC price in India stood at Rs 6,356.81.

Ripple (XRP) Price Today

XRP price stood at $0.466, seeing a 24-hour loss of 1.54 percent. As per WazirX, Ripple price stood at Rs 42.05.

Solana (SOL) Price Today

Solana price stood at $135.64, marking a 24-hour dip of 1.02 percent. As per WazirX, SOL price in India stood at Rs 12,110. 

Top Crypto Gainers Today (June 27)

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

Kaspa (KAS)

Price: $0.1768
24-hour gain: 10.63 percent

Maker (MKR)

Price: $2,531.07
24-hour gain: 7.99 percent

Flare (FLR)

Price: $0.02454
24-hour gain: 4.75 percent

Lido DAO (LDO)

Price: $2.40
24-hour gain: 4.05 percent

Akash Network (AKT)

Price: $3.11
24-hour gain: 2.91 percent

Top Crypto Losers Today (June 27)

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

Brett (Based) (BRETT)

Price: $0.1506
24-hour loss: 7.35 percent

Beam (BEAM)

Price: $0.01585
24-hour loss: 6.50 percent

Ethena (ENA)

Price: $0.547
24-hour loss: 6.35 percent

Worldcoin (WLD)

Price: $2.72
24-hour loss: 5.89 percent

Ondo (ONDO)

Price: $1.17
24-hour loss: 5.84 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin dropped to the $60,000 level after a wallet linked to the US Government moved approximately $240 million worth of seized Silk Road BTC. For the past few months, Bitcoin has fluctuated between $56,000 and $73,000, indicating strong buying at support levels and significant selling at resistance levels. If bulls fail to maintain the $60,200 support, BTC may trade between $60,000 and $56,000. Meanwhile, Ethereum is facing challenges in pushing its price above the $3,500 level, with the upcoming week holding anticipation for the decision on Spot Ether ETFs.”

CoinSwitch Markets Desk noted, “BTC traded sideways for another day as the recent price dump started to consolidate around the 60k USD mark. With the US expecting jobless claims data and PCE data tomorrow at 6.30 PM IST, traders could expect a rather silent move in the world’s top crypto. After the recent news of the German government starting to sell BTC it recovered from seizing a dark website, blockchain tracking firm ARKM intelligence reported that the US government sending 240 million dollars worth of BTC from the original dark web site Silk Road - even as institutions are finally back buying the dip, inflowing 50 million dollars of USD in the last two days after 7 days of net outflows.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin is trading above $60,000, with a decline of 1.68% in the past 24 hours, facing significant selling pressure and market volatility. The RSI near the oversold zone suggests a potential buying opportunity. If Bitcoin holds above $60,000, it could rebound to $65,000, potentially leading to a rally toward $70,000 with increased buying volume. Conversely, dropping below $60,000 may see support at $57,000, risking a bearish trend if this level is breached.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) surged to $62,322 supported by inflows of $31 million in US spot bitcoin ETFs, which offset recent outflows. Fidelity's FBTC led with inflows of $48.8 million, while Grayscale's GBTC saw outflows of $30 million, reflecting market uncertainty. BlackRock's IBIT exceeded $1 billion in trading volume, signaling strong institutional interest. Despite the positive trading, the ebbs and flows of the GBTC market are putting pressure on BTC, which is currently trading near $61,000. Resistance levels at $63,440 indicate potential upside, while support at $60,620 indicates critical downside levels. Technical indicators such as RSI at 45 and 50-day EMA at $61,960 suggest a cautious outlook below $62,510.”

Shivam Thakral, CEO of BuyUcoin, said, “The crypto market witnesses another session of volatility as BTC slipped below the $61,000 level due to heavy liquidations on defi platforms. According to data from Coinglass, Bitcoin spot ETFs saw an inflow of $31 million on Tuesday, ending a seven-day streak of outflows. This shows that institutional buying is on the higher side. The bullish sentiment is expected to continue on Friday as bitcoin (BTC) options worth $6.68 billion and ether (ETH) options worth $3.5 billion are set to expire on the Deribit, a crypto derivatives exchange.” 

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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.