Cryptocurrency Price Today: Bitcoin Dips Below $68,000, Notcoin Becomes Top Gainer
Cryptocurrency price on May 28 quick take: The global market cap dipped to $2.56 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $68,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 65 (Greed) out of 100, as per CoinMarketCap data. The Notcoin (NOT) token became the biggest gainer, with a 24-hour jump of over 50 percent. Ethena (ENA) became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.56 trillion at the time of writing, registering a 24-hour gain of 1 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,956.59, registering a 24-hour dip of 1.22 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.35 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,848.26, marking a 24-hour loss of 1.64 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.36 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 0.66 percent, as per CoinMarketCap data, currently priced at $0.1653. As per WazirX, Dogecoin price in India stood at Rs 14.24.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.36 percent. At the time of writing, it was trading at $84.12. LTC price in India stood at Rs 7,257.35.
Ripple (XRP) Price Today
XRP price stood at $0.5268, seeing a 24-hour gain of 0.84 percent. As per WazirX, Ripple price stood at Rs 46.85.
Solana (SOL) Price Today
Solana price stood at $167.90, marking a 24-hour gain of 0.94 percent. As per WazirX, SOL price in India stood at Rs 14,400.01.
Top Crypto Gainers Today (May 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Notcoin (NOT)
Price: $0.008217
24-hour gain: 50.94 percent
Floki (FLOKI)
Price: $0.0002725
24-hour gain: 15.30 percent
dogwifhat (WIF)
Price: $3.31
24-hour gain: 9.76 percent
BOOK OF MEME (BOME)
Price: $0.01394
24-hour gain: 8.02 percent
Bonk (BONK)
Price: $0.00003858
24-hour gain: 6.90 percent
Top Crypto Losers Today (May 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Athena (ENA)
Price: $0.881
24-hour loss: 6.56 percent
JasmyCoin (JASMY)
Price: $0.02617
24-hour loss: 6.54 percent
Lido DAO (LDO)
Price: $2.43
24-hour loss: 6.30 percent
Synthetix (SNX)
Price: $3.03
24-hour loss: 6.23 percent
Aave (AAVE)
Price: $106.75
24-hour loss: 5.97 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 a 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.”
CoinSwitch Markets Desk noted, “BTC traded mostly flat yesterday in the 68.6k USD to 70.5 k USD range as both bulls and bears trying to give a direction to the market but failing to do so after the unexpected ETH ETF last week. For ETH, 4k USD is acting as a big resistance for the prices to go further up and test all-time highs of 4800 USD while support can be expected around the 3800 USD mark.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin has failed to sustain the crucial $70,000 level and is consolidating around $68,500, signalling potential bearish trends. This inability to hold above $70,000 suggests weakening buying pressure. On the daily chart, Bitcoin's struggle to maintain gains above this psychological level is evident, with the 50-day moving average indicating possible downward momentum. If Bitcoin falls below the immediate support at $68,000, it may test lower levels around $65,000 and $62,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading at $68,400, down 0.50%, just below its pivotal point of $68,500, indicating a bearish outlook. The immediate resistance levels are $69,600, $70,650 and $71,950. On the downside, the support levels are $67,265, $66,380 and $65,144. The RSI is at 47, indicating neutral market sentiment, while the 50-day EMA at $68,737 indicates resistance. Bitcoin's position at $68,502 is critical, with a potential bearish move below $68,500 and bullish potential above. Technical indicators suggest a cautious approach, with market direction dependent on upcoming price action around the $68,500 mark.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin, the world’s largest digital asset by market cap failed to break the $70k resistance level yesterday as it faced heavy liquidations due to profit booking. The immediate short-term support level for BTC is at $68,000. Ethereum followed a similar trend as it slipped by almost 2% breaking its upward momentum for the first time in 2 weeks. The US economic data slated to be released this week may have a significant impact on investor sentiment and decide the course of financial markets across the globe.”
CoinDCX Research Team told ABP Live, “In the last 24 hours, the market remained mixed. BTC crossed $70,000 but later dropped below $68,000, liquidating high-leveraged positions on both sides. ETH attempted to break the $4,000 mark but failed. BTC dominance continued to decline, which could help alts gain strength. Funding rates of most tokens are neutral, while altcoins also showed mixed performance.”
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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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