Cryptocurrency Price Today: Bitcoin Remains Above $71,000, Stacks Becomes Top Gainer
Cryptocurrency price on June 6 quick take: The global market cap rose to $2.64 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain above the $71,000 mark early Wednesday, occasionally dipping down to $70,000 but regaining not before long. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 66 (Greed) out of 100, as per CoinMarketCap data. The Stacks (STX) token emerged to be the biggest gainer, with a 24-hour jump of over 9 percent. Toncoin (TON) became the biggest loser, with a 24-hour dip of nearly 7 percent.
The global crypto market cap stood at $2.64 trillion at the time of writing, registering a 24-hour gain of 0.68 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $71,024.46, registering a 24-hour jump of 0.20 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.78 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,857.69, marking a 24-hour gain of 1.32 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.30 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.70 percent, as per CoinMarketCap data, currently priced at $0.1623. As per WazirX, Dogecoin price in India stood at Rs 13.97.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 1.38 percent. At the time of writing, it was trading at $85.02. LTC price in India stood at Rs 7,189.57.
Ripple (XRP) Price Today
XRP price stood at $0.5255, seeing a 24-hour jump of 0.09 percent. As per WazirX, Ripple price stood at Rs 45.01.
Solana (SOL) Price Today
Solana price stood at $174.25, marking a 24-hour gain of 0.51 percent. As per WazirX, SOL price in India stood at Rs 14,879.99.
Top Crypto Gainers Today (June 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stacks (STX)
Price: $2.40
24-hour gain: 9.13 percent
Mantle (MNT)
Price: $1.05
24-hour gain: 8.51 percent
Pyth Network (PYTH)
Price: $0.4929
24-hour gain: 8.20 percent
ORDI (ORDI)
Price: $57.64
24-hour gain: 7.73 percent
Sui (SUI)
Price: $1.13
24-hour gain: 7.10 percent
Top Crypto Losers Today (June 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Toncoin (TON)
Price: $7.16
24-hour loss: 6.85 percent
Floki (FLOKI)
Price: $0.0003124
24-hour loss: 6.01 percent
Core (CORE)
Price: $1.93
24-hour loss: 4.48 percent
Arweave (AR)
Price: $43.72
24-hour loss: 3.44 percent
Bonk (BONK)
Price: $0.00003396
24-hour loss: 3.32 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin hovered above the $71,000 level with increasing inflows in the Bitcoin spot ETfs and rising open interest in the futures market. The $72,000 level continues to be a significant resistance. On the other hand, Ethereum also saw a surge and is trading above the $3,800 level. A break above the $4,100 can suggest resumption of the uptrend.”
CoinSwitch Markets Desk noted, “With BTC being less than 4% away from its all-time high, options traders anticipate an imminent rally to 80k USD by the end of this month. With around 1.5 billion dollars worth of shorts concentrated around the 72k USD mark, bitcoin bulls are waiting for a short squeeze.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin surged past the $71,000 mark, indicating potential for further growth amidst robust trading volumes. This rally signifies renewed interest and optimism, supported by several key technical indicators. Additionally, a weaker dollar this week has provided a boost to crypto markets. The cryptocurrency has broken out of its recent $60,000 to $70,000 trading range, and is now just $3,000 shy of a new record high. Recent months saw Bitcoin's price constrained by profit-taking, high interest rates, and tempered enthusiasm over Bitcoin ETFs. However, the prospect of lower interest rates this year appears to be reigniting interest in the cryptocurrency market.”
CoinDCX Research Team told ABP Live, “The crypto market saw a small uptick, with BTC crossing the $71,000 mark and ETH crossing $3,850. Altcoins traded mixed. Technically, BTC is currently at a resistance level, with the next resistance level at $73,500. ETH's resistance level is at $3,945. The AI category saw a recovery as Nvidia stock jumped 5% in a day. Overall, the market outlook remains bullish.”
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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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