Cryptocurrency Price Today: Bitcoin Remains Stable, Notcoin Posts Nearly 290% Rally In 7 Days
Cryptocurrency price on June 3 quick take: The global market cap dipped to $2.55 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained stable around the $68,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor dips across the board as the overall Market Fear & Greed Index stood at 60 (Greed) out of 100, as per CoinMarketCap data. The Notcoin (NOT) token continued to be the biggest gainer, holding on to its super rally, gaining over 285 percent in the past seven days. The ORDI token became the biggest loser, with a 24-hour dip of nearly 7 percent.
The global crypto market cap stood at $2.55 trillion at the time of writing, registering a 24-hour gain of 0.48 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,438.29, registering a 24-hour jump of 0.96 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.86 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,803.92, marking a 24-hour dip of 0.13 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.33 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 0.26 percent, as per CoinMarketCap data, currently priced at $0.1595. As per WazirX, Dogecoin price in India stood at Rs 13.66.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.07 percent. At the time of writing, it was trading at $83.25. LTC price in India stood at Rs 7,329.12.
Ripple (XRP) Price Today
XRP price stood at $0.5164, seeing a 24-hour loss of 0.41 percent. As per WazirX, Ripple price stood at Rs 45.28.
Solana (SOL) Price Today
Solana price stood at $163.17, marking a 24-hour dip of 1.64 percent. As per WazirX, SOL price in India stood at Rs 14,233.
Top Crypto Gainers Today (June 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Notcoin (NOT)
Price: $0.02228
24-hour gain: 28.80 percent
Aevo (AEVO)
Price: $1.04
24-hour gain: 13.04 percent
Toncoin (TON)
Price: $6.91
24-hour gain: 9.55 percent
Flare (FLR)
Price: $0.02941
24-hour gain: 8.32 percent
Klaytn (KLAY)
Price: $0.2388
24-hour gain: 8.12 percent
Top Crypto Losers Today (June 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ordi (ORDI)
Price: $45.34
24-hour loss: 6.73 percent
Beam (BEAM)
Price: $0.02745
24-hour loss: 5.65 percent
Bonk (BONK)
Price: $0.00003146
24-hour loss: 5.02 percent
Book Of Meme (BOME)
Price: $0.01286
24-hour loss: 4.65 percent
Core (CORE)
Price: $1.88
24-hour loss: 4.06 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin traded above $68,000, fluctuating between $67,000 and $69,000 throughout the past week. Investors and traders are eagerly anticipating the US jobs data for May, which is set to be released on Friday. This week is expected to be filled with significant data releases. Bitcoin is encountering resistance above the psychological barrier of $70,000, but the bulls have maintained their position against the bears. If the bulls fail to secure a strong rebound from the current level, the next support is at $66,500, with resistance at $69,100.”
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said, “US President Joe Biden vetoed a House Joint Resolution that aimed to repeal the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121. Under SAB 121, financial institutions holding crypto assets for customers can report these assets on their own balance sheets. Bitcoin's price action has been relatively muted, staying within the $67,000-$69,000 range. This stability coincided with struggles in other risk assets, including U.S. stocks. However, several reports indicate a softening of economic conditions in the states, which could improve prospects for lower interest rates. This development might serve as the catalyst for Bitcoin to attempt breaching its all-time high of over $73,000 set in March.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin exchange balances hit a five-year low, falling below 2.3 million BTC due to heavy outflows from Binance and Coinbase. This suggests a shift toward long-term holding strategies by large holders, or "whales," who expect future price growth. Currently, the price of Bitcoin is $67,731. The pivot point at $68,000 suggests a bearish outlook if BTC stays below this level, with resistance at $69,000, $70,600 and $71,000. Support levels are at $66,650, $65,950 and $65,150. The RSI is neutral at 46.62 and the 50-day EMA is in line with the pivot point. If Bitcoin breaks above $68,000, it could target higher resistance levels. Conversely, a drop below this pivot point may continue the bearish trend.”
Shivam Thakral, CEO of BuyUcoin, said, “The US inflation data showed that inflation grew moderately in April and consumer spending showed some signs of weakening. The inflation numbers had a negligible impact on the crypto market as BTC held strong above the $68,000 level while ETH is stable at the $3,800 mark at the time of writing. The macroeconomic factors surrounding the financial markets are looking positive and we can expect sustained momentum in digital assets in the coming weeks.”
CoinDCX Research Team told ABP Live, “Over the weekend, the market remained stable, while today saw upward momentum. Currently, BTC is outperforming ETH. Both are in a sideways zone. BTC is attempting to break out of the bullish pattern and looks positive, targeting the range high and ATH level around $73,500. ETH is between its range low and high, looking neutral. Alts are trading mixed. This week, we can expect big moves and volatility due to upcoming US macro data announcements like the unemployment rate and job openings.”
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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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