Cryptocurrency Price Today: Bitcoin Remains Stable Around $68,000 Over The Weekend, JASMY Becomes Top Gainer
Cryptocurrency price on May 27 quick take: The global market cap dipped to $2.59 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remains table 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 a mix of minor dips and gains across the board as the overall Market Fear & Greed Index stood at 64 (Neutral) out of 100, as per CoinMarketCap data. JasmyCoin (JASMY) token became the biggest gainer, with a 24-hour jump of over 31 percent. CORE became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.59 trillion at the time of writing, registering a 24-hour gain of 1.01 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,812.99, registering a 24-hour dip of 0.22 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.89 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,915.31, marking a 24-hour jump of 4.41 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.39 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 2.58 percent, as per CoinMarketCap data, currently priced at $0.1667. As per WazirX, Dogecoin price in India stood at Rs 14.39.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.53 percent. At the time of writing, it was trading at $84.43. LTC price in India stood at Rs 7,398.06.
Ripple (XRP) Price Today
XRP price stood at $0.5316, seeing a 24-hour loss of 1.35 percent. As per WazirX, Ripple price stood at Rs 46.50.
Solana (SOL) Price Today
Solana price stood at $164.97, marking a 24-hour dip of 0.26 percent. As per WazirX, SOL price in India stood at Rs 14,529.71.
Top Crypto Gainers Today (May 27)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
JasmyCoin (JASMY)
Price: $0.02862
24-hour gain: 31.81 percent
Ethereum Name Service (ENS)
Price: $27.29
24-hour gain: 16.01 percent
Synthetix (SNX)
Price: $3.28
24-hour gain: 12.97 percent
Pepe (PEPE)
Price: $0.00001667
24-hour gain: 12.75 percent
Aave (AAVE)
Price: $113.21
24-hour gain: 8.40 percent
Top Crypto Losers Today (May 27)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Core (CORE)
Price: $2.06
24-hour gain: 6.54 percent
Ondo (ONDO)
Price: $1.23
24-hour gain: 6.01 percent
NEAR Protocol (NEAR)
Price: $7.87
24-hour gain: 3.54 percent
dogwifhat (WIF)
Price: $3.03
24-hour gain: 3.08 percent
Chainlink (LINK)
Price: $17.17
24-hour gain: 2.81 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin continues to trade at the $69,000 level over the weekend. Bitcoin is facing major resistance at the $70,000 level. If there is a fresh increase, the immediate resistance is at the $69,500 level and the support lies at the $68,000. On the other hand, Ethereum set a new peak by moving higher than the $3,800 resistance. It is currently trading above the $3,900 level and is eyeing towards $4,000.”
Parth Chaturvedi, Head of Investments, CoinSwitch Ventures, said “The ETH price, which was up more than 20% in the past week, fell 4% after the listing approval, mirroring the trend observed after Bitcoin ETF approvals earlier this year. If these ETFs gain approval for trading, we can anticipate a substantial influx of institutional capital. Standard Chartered projects potential inflows of up to $45 billion within the first 12 months. On Friday, popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant spikes following a tweet from Elon Musk about the passing of Kabosu, the dog that inspired these tokens.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin recently surged past $69,000, marking a significant milestone after a prolonged consolidation phase. This rise hints at potential bullish attempts, supported by positive news, yet market volatility remains high. Analysts note Bitcoin's exit from the "post-halving danger zone," though caution that a correction of around 13% is possible. Historical trends suggest rejections at initial breakout attempts post-halving, with consolidation likely between $60,000 and $70,000 until September 2024.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is trading at $69,088, reflecting a decline of 0.33%, indicating a bearish outlook. The pivot point at $68,747 is crucial to determine the next move, with resistance at $70,000, $71,500 and $73,000 and support at $68,500, $67,000 and $65,900. The RSI at 56.26 shows neutral momentum and the 50-day EMA at $68,747 offers significant support. Traders should watch for a break above $70,000 for bullish continuation or a drop below $68,500 for potential dips to $67,000 and $65,900.”
Shivam Thakral, CEO of BuyUcoin, said, “Ethereum, the largest altcoin has witnessed remarkable growth since the news of the SEC approving listing of ETH ETFs became public. Ethereum has delivered stellar returns of around 27% in just seven days and the momentum is expected to sustain in the coming weeks owing to favorable macroeconomic factors. Bitcoin has witnessed a marginal dip in its price over the weekend and is trading at $68,800 mark at the time of writing. Bitcoin needs to sustain above the $70,000 level for at least a couple of weeks to spark a new rally.”
CoinDCX Research Team told ABP Live, “Over the weekend, the market remained stable, with ETH showing more strength compared to BTC. BTC showed a neutral performance. The reduction in BTC dominance was notable due to the ETH ETF approval. BTC’s price action slowed down as the ETH/BTC pair bounced. Currently, the price action is neutral in the lower time frame, but in the broader time frame, it remains bullish. ETH has posted its highest weekly return, mainly due to the ETH ETF approval. Many expected a sell-off after the approval news, but ETH remained stable, which is a positive sign. The ETH ETF approval is bullish for ETH in the long term. To signal a strong upswing, ETH needs to clear the key level of $4,000.”
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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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