Cryptocurrency Price Today: Bitcoin Dips Below $68,000 Yet Again, Notcoin Remains Top Gainer For 3rd Consecutive Day
Cryptocurrency price on May 30 quick take: The global market cap rose to $2.58 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $68,000 mark early Thursday, continuing its roller coaster ride. 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 63 (Greed) out of 100, as per CoinMarketCap data. The Notcoin (NOT) token remained the biggest gainer for the third consecutive day, with a 24-hour jump of over 16 percent. BONK became the biggest loser, with a 24-hour dip of over 11 percent.
The global crypto market cap stood at $2.54 trillion at the time of writing, registering a 24-hour dip of 1.48 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $67,931.09, registering a 24-hour dip of 1.12 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 58.82 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,778.66, marking a 24-hour dip of 1.75 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.26 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.70 percent, as per CoinMarketCap data, currently priced at $0.1644. As per WazirX, Dogecoin price in India stood at Rs 14.10.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.14 percent. At the time of writing, it was trading at $83.67. LTC price in India stood at Rs 7,300.98.
Ripple (XRP) Price Today
XRP price stood at $0.5264, seeing a 24-hour loss of 0.25 percent. As per WazirX, Ripple price stood at Rs 45.99.
Solana (SOL) Price Today
Solana price stood at $169.58, marking a 24-hour dip of 0.60 percent. As per WazirX, SOL price in India stood at Rs 14,500.
Top Crypto Gainers Today (May 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Notcoin (NOT)
Price: $0.01082
24-hour gain: 16.73 percent
Bitget Token (BGB)
Price: $1.32
24-hour gain: 6.78 percent
Arweave (AR)
Price: $40.16
24-hour gain: 6.50 percent
Chiliz (CHZ)
Price: $0.1587
24-hour gain: 5.62 percent
Worldcoin (WLD)
Price: $4.96
24-hour gain: 5.15 percent
Top Crypto Losers Today (May 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bonk (BONK)
Price: $0.00003723
24-hour loss: 11.68 percent
Pepe (PEPE)
Price: $0.00001505
24-hour loss: 8.13 percent
Ondo (ONDO)
Price: $1.19
24-hour loss: 7.68 percent
Book Of Meme (BOME)
Price: $0.01421
24-hour loss: 6.62 percent
Floki (FLOKI)
Price: $0.0002809
24-hour loss: 6.49 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is stabilizing around $67,900 after recent volatility triggered by the Mt. Gox transfer. Key levels to watch are the $67,200 support and the $69,500 resistance; breaking either could set the short-term trend. Meanwhile, Ethereum is trading at $3,700. If there is a fresh increase, ETH will face resistance at the $3,800 level.”
CoinSwitch Markets Desk noted, “BTC found a trend line support at around 67k USD and is now all set launch towards all time highs once again, having just about 8% move remaining in the process. ETH bulls are unable to cross 3800 USD in the short term, and it seems like this mid term pressure is the only thing between ETH reaching 5k USD and celebrating retail customers’ victory. Blakcrock also has filed its updated S1 form for its spot ethereum ETF. On Bitcoin ETC front, Blackrock’s IBIT also becomes the largest holder of this instrument with them crossing Grayscale’s bitcoin tally.”
Rajagopal Menon, Vice President, WazirX, said, “Currently trading at $67,899, Bitcoin has extended its decline below the $68,000 level. BTC is now slowly moving lower toward the $66,250 support zone. On the hourly chart of the BTC/USD pair, a key bearish trend line is forming, with resistance at $67,900. The pair could continue to move down unless there is a close above $68,500. Immediate support is near $67,250, with major support at $67,000 and next at $66,250. Further losses might push the price toward the $65,000 support zone.”
CoinDCX Research Team told ABP Live, “The crypto market continued to remain sideways, exhibiting mixed price action in the lower time frame. Both BTC and ETH dipped slightly within their respective ranges. Technically, BTC is stuck around $68,000, hovering between its range high and range low.ETH is undergoing a big consolidation after its recent significant upside move. Most altcoins showed a lack of movement.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The price of Bitcoin fell to $67,325, reflecting a 1.43% decline in the last 24 hours. With a market cap of $1.33 trillion and a circulating supply of 19.71 million BTC, a recent break of the $67,500 trend line suggests a bearish outlook. Key resistance levels are at $68,250, $69,365 and $70,500 with immediate support at $67,000, $66,601 and $65,911. The RSI at 40 suggests further downside potential and the 50 EMA at $68,243 reinforces bearish sentiment. Traders should consider selling below the $68,000 pivot point, targeting $66,600 and using a stop-loss above $68,500.”
Shivam Thakral, CEO of BuyUcoin, said, “The crypto market witnessed marginal recovery as BTC regained some lost ground and was trading above the $68,000 mark after it slipped to the $67,000 level yesterday. Blackrock’s ishares Bitcoin trust became the largest fund for BTC as it racked up $20 billion in total assets since its listing earlier this year. The data shows that there is a strong demand from institutional investors which may drive the price of BTC north. The crypto market is waiting for its next catalyst and we can expect a sustained momentum owing to the favourable macroeconomic factors.”
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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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