Cryptocurrency Price Today: Bitcoin Rises Above $68,000, Notcoin Remains Top Gainer
Cryptocurrency price on May 29 quick take: The global market cap rose to $2.58 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $68,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — saw minor gains across the board as the overall Market Fear & Greed Index stood at 63 (Greed) out of 100, as per CoinMarketCap data. The Notcoin (NOT) token remained the biggest gainer for the second consecutive day, with a 24-hour jump of over 25 percent. PENDLE became the biggest loser, with a 24-hour dip of over 6 percent.
The global crypto market cap stood at $2.58 trillion at the time of writing, registering a 24-hour gain of 1.41 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $68,652.23, registering a 24-hour jump of 1.33 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.42 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,871.37, marking a 24-hour gain of 0.50 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 jump of 2.47 percent, as per CoinMarketCap data, currently priced at $0.169. As per WazirX, Dogecoin price in India stood at Rs 14.50.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.94 percent. At the time of writing, it was trading at $83.99. LTC price in India stood at Rs 7,100.46.
Ripple (XRP) Price Today
XRP price stood at $0.5299, seeing a 24-hour jump of 0.97 percent. As per WazirX, Ripple price stood at Rs 46.09.
Solana (SOL) Price Today
Solana price stood at $171.63, marking a 24-hour gain of 3.14 percent. As per WazirX, SOL price in India stood at Rs 14,700.
Top Crypto Gainers Today (May 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Notcoin (NOT)
Price: $0.009743
24-hour gain: 25.95 percent
dogwifhat (WIF)
Price: $3.94
24-hour gain: 21.34 percent
Celestia (TIA)
Price: $11.46
24-hour gain: 17.97 percent
Shiba Inu (SHIB)
Price: $0.00002864
24-hour gain: 15.76 percent
Book Of Meme (BOME)
Price: $0.01546
24-hour gain: 14.49 percent
Top Crypto Losers Today (May 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pendle (PENDLE)
Price: $6.47
24-hour loss: 6.26 percent
Lido DAO (LDO)
Price: $2.33
24-hour loss: 4.22 percent
Arweave (AR)
Price: $38.46
24-hour loss: 2.60 percent
KuCoin Token (KCS)
Price: $10.25
24-hour loss: 1.37 percent
Bittensor (TAO)
Price: $419.65
24-hour loss: 1.18 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidates at the $68,000 level following the $9B Mt. Gox transfer yesterday. However, there is a key bullish trend line on the support at $67,600. If there is a fresh increase, the next resistance would be at the $68,800 and then $69,550. If Bitcoin fails to climb above, the next support is at the $67,600 and then $67,500 level. On the other hand, Ethereum continued to trade at the $3,800 level.”
CoinSwitch Markets Desk noted, “After falling below 67.5k USD, BTC recovered pretty quickly to regain the 68k USD mark as BTC continues to trade in the tight range it has formed. The sell pressure on BTC seems to come from the transfer of around 140k BTC worth more than 9 billion dollars from the now defunct Mt Gox exchange to an unknown address. Mt Gox. The biggest bitcoin exchange back in 2014 is set to return Bitcoin holdings back to its creditors by 31st October 2024. Since the buying price of these crypto lies around 700 dollars, the investors sitting at around 100x gains and are expected to sell some of their holdings on receiving the Bitcoin back.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's value has plummeted to $68,725, sparking investor anxiety. Short-term sell-offs above $70,000 add to market volatility. Bitcoin dropped by $2,000 before stabilising around $68,700. Analysts warn if Bitcoin doesn't surpass $69,000, it may decline further. Immediate support is near $67,650, adding to the market's uncertainty amidst recent price swings.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin bulls remain bullish despite the recent 2% drop in price due to Mt.Gox coin movements. QCP Capital sees the decline as a minor setback in the ongoing uptrend, citing strong US equity performance, political support and the upcoming Ether ETF as key bullish factors. Analysts highlight the key boundary at $68,383 with resistance at $69,566 and support at $68,127. The RSI at 49.37 suggests neutral sentiment, while the bullish trendline supports further gains. Fundstrat predicts Bitcoin could reach $150,000 by the end of the year, emphasizing patience and potential momentum above $70,000.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market remained volatile with BTC and ETH witnessing marginal swings in their prices. BTC fell below the $68,000 mark but quickly recovered to the $68,800 mark, maintaining a critical support level of $68k. Ethereum on the other hand fell below the $3,900 mark despite the euphoria around the ETF approval buzz. Meme coin space is getting good traction with SHIB surging by almost 16% in just 24 hours. The market is expected to remain volatile in the coming weeks due to uncertain macroeconomic conditions.”
CoinDCX Research Team told ABP Live, “The crypto market has been volatile due to the news of Mt. Gox transferring BTC, causing many altcoins to fall. BTC is stuck between $68,000 and $69,000, with short-term price action looking uncertain, though it remains strong and bullish in the higher time frame. ETH is also following BTC's path and is hovering in a range. The meme category is currently outperforming the market. Notably, tomorrow's US GDP Q announcement could induce more volatility.”
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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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