Cryptocurrency Price Today: Bitcoin Rises Above $61,000, Akash Network Becomes Top Gainer
Cryptocurrency price on June 28 quick take: The global market cap rose to $2.28 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $61,000 mark early Friday. 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 46 (Neutral) out of 100, as per CoinMarketCap data. The Akash Network (AKT) token emerged to be the biggest gainer, with a 24-hour jump of nearly 15 percent. Fetch.ai (FET) became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $2.28 trillion at the time of writing, registering a 24-hour jump of 1.17 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $61,597.48, registering a 24-hour jump of 0.94 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 55.40 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,452.50, marking a 24-hour jump of 2.11 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.09 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 2.85 percent, as per CoinMarketCap data, currently priced at $0.1256. As per WazirX, Dogecoin price in India stood at Rs 11.21.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 3.67 percent. At the time of writing, it was trading at $73.56. LTC price in India stood at Rs 6,547.69.
Ripple (XRP) Price Today
XRP price stood at $0.4764, seeing a 24-hour gain of 1.54 percent. As per WazirX, Ripple price stood at Rs 42.71.
Solana (SOL) Price Today
Solana price stood at $146.10, marking a 24-hour jump of 6.54 percent. As per WazirX, SOL price in India stood at Rs 13,207.65.
Top Crypto Gainers Today (June 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Akash Network (AKT)
Price: $3.65
24-hour gain: 14.59 percent
Book Of Meme (BOME)
Price: $0.01047
24-hour gain: 13.81 percent
Conflux (CFX)
Price: $0.1714
24-hour gain: 10.07 percent
Avalanche (AVAX)
Price: $27.91
24-hour gain: 8.50 percent
Polkadot (DOT)
Price: $6.22
24-hour gain: 8.21 percent
Top Crypto Losers Today (June 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Fetch.ai (FET)
Price: $1.47
24-hour loss: 11.82 percent
SingularityNET (AGIX)
Price: $0.6207
24-hour loss: 9.45 percent
Notcoin (NOT)
Price: $0.01532
24-hour loss: 3.56 percent
Pendle (PENDLE)
Price: $5.26
24-hour loss: 3.44 percent
Lido DAO (LDO)
Price: $2.36
24-hour loss: 2.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin climbed past $62,000 in the last 24 hours, driven by investors flocking back to spot Bitcoin ETFs and an increase in the USA's real GDP. The next hurdle for BTC is at $62,700, with support around $61,400. Bulls are actively buying at these support levels. Meanwhile, Ethereum saw a 3% rise, anticipating the spot Ether ETF approval by July 4th. Solana also jumped 9% following VanEck's filing for a Solana ETF.”
CoinSwitch Markets Desk noted, “Asset manager VanEck's filing for the first Solana (SOL) exchange-traded fund (ETF) in the U.S. has sparked a 6% surge in SOL's price, pushing it to $148. This follows closely on the heels of a similar Solana ETF launch in Canada just six days prior. The SEC's approval of the first spot Bitcoin ETF and the anticipated approval of an Ether ETF signal a growing trend in crypto investment products. Analysts forecast that ETH ETFs could draw $5 billion within the first five months, driven largely by independent investment advisors and broker-dealer platforms. However, the absence of staking rewards might dampen the allure of these spot ETFs for some investors.”
Rajagopal Menon, Vice President, WazirX, said, “In a notable shift, Bitcoin posted gains as optimism swelled ahead of the anticipated Biden vs. Trump debate, with investors expecting cryptocurrency to be a focal point. However, the absence of any mention of crypto during the debate has led to concerns over potential impact for Bitcoin prices, possibly dampening industry enthusiasm. Maintaining its level above the $60,000 mark, Bitcoin is entrenched in oversold territory, indicating a prolonged bearish sentiment. Market analysts predict this phase of stagnation could extend for a few more weeks. In contrast, the forthcoming launch of the Ethereum ETF on July 4th is seen as a potential game-changer, with projections of Ethereum prices climbing above $5,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin has surpassed $61,500 as more than one million addresses now hold at least one whole bitcoin, marking a significant milestone. The increase reflects growing confidence in bitcoin's long-term investment appeal amid market volatility. The rise of "wholecoiners" highlights the growing confidence in Bitcoin as a stable asset and store of value. With only 21 million Bitcoins ever in existence, owning them has become increasingly valuable, highlighting Bitcoin's scarcity and intrinsic value. Bitcoin is currently trading at $61,585 with a market cap of $1.21 trillion, facing resistance at $62,700, but showing potential for further gains, supported by technical indicators and market sentiment.”
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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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