Cryptocurrency Price Today: Bitcoin Fails To Rise Above $27,000, Ethereum Remains Below $1,800

Cryptocurrency price on June 20 quick take: The global market cap rose to $1.08 trillion.

Bitcoin price stood at $26,889.68 on Tuesday.

Source : Gerd Altmann/Pixabay

It appears that the US SEC lawsuit on crypto majors Binance and Coinbase is still managing to show its teeth weeks later, as Bitcoin (BTC) fails to regain the $27,000 mark, continuing to see a slump. Ethereum (ETH), too, remained below the $1,800 mark early Tuesday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw minor movements across the board. While KuCoin Token (KCS) remained the biggest loser for the second consecutive day, Stacks (STX) emerged to be the biggest gainer of the lot. 

The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour gain of 1.21 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $26,889.68, registering a 24-hour jump of 1.83 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.67 lakh.

Ethereum (ETH) Price Today

ETH price stood at $1,730.48, marking a 24-hour gain of 0.46 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.55 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour jump of 0.57 percent, as per CoinMarketCap data, currently priced at $0.06228. As per WazirX, Dogecoin price in India stood at Rs 5.57.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour gain of 0.28 percent. At the time of writing, it was trading at $77.37. LTC price in India stood at Rs 6,802.14.

Ripple (XRP) Price Today

XRP price stood at $0.4904, seeing a 24-hour gain of 0.02 percent. As per WazirX, Ripple price stood at Rs 43.60.

Solana (SOL) Price Today

Solana price stood at $16.07, marking a 24-hour gain of 3.47 percent. As per WazirX, SOL price in India stood at Rs 1,459.85. 

Top Crypto Gainers Today (June 20)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Stacks (STX)

Price: $0.6254
24-hour gain: 11.53 percent

Sui (SUI)

Price: $0.8039
24-hour gain: 11.46 percent

Injective (INJ)

Price: $6.27
24-hour gain: 6.12 percent

Lido DAO (LDO)

Price: $1.80
24-hour gain: 5.35 percent

Render Token (RNDR)

Price: $2.06
24-hour gain: 5.29 percent

Top Crypto Losers Today (June 20)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

KuCoin Token (KCS)

Price: $6.43
24-hour loss: 5.62 percent

Theta Network (THETA)

Price: $0.6449
24-hour loss: 1.44 percent

Polkadot (DOT)

Price: $4.52
24-hour loss: 1.37 percent

XDC Network (XDC)

Price: $0.03206
24-hour loss: 1.34 percent

Tron (TRX)

Price: $0.06923
24-hour loss: 1.33 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, Bitcoin has remained above the $26,600 level, suggesting a consolidation phase. The price experienced a surge, surpassing $27,000 and reaching a peak of approximately $27,184. However, a correction is currently taking place as the bullish momentum has weakened slightly. Presently, Bitcoin is trading at around $26,900. The immediate resistance level for Bitcoin is $27,200, while the support level is situated at $26,700.”

Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Crypto markets have seen some positive price action in the last 24 hours. Global crypto market capitalisation is $1.12 trillion, up 1.2 percent since yesterday. The crypto fear and greed index has also improved by 2 points and continues to be in the neutral zone with a score of 49. BlackRock’s development seems to have provided buoyancy to the markets, lifting up investor sentiment and activity.”

Rajagopal Menon, Vice President, WazirX, offered his take, “Blackrock’s ETF Filing has given Bitcoin’s price a humble push. The market oscillators point to a neutral sentiment as there are no price surges in sight for Bitcoin in the near future. Bitcoin’s moving averages indicate a ‘Buy’ sentiment even as market goes through a correction phase."

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Crypto trader Andrew Kang expects a decision in the Grayscale vs. SEC case in the coming weeks, potentially speeding up approval of a bitcoin ETF ahead of the SEC's 240-day review period. Bitcoin rebounded from a three-month low to reach a weekly high of $26,675.93. A break of the resistance level at $26,800 and a break above the RSI ceiling of 50.00 could push BTC/USD towards $27,300. Ethereum, trading above $1,700, also saw an upward move, hitting an intraday high of $1,746.51 and maintaining its weekly high around $1,769.”

Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market recovered from yesterday’s dip as selling pressure showed signs of cooling down. The rate hike pause announced by US Fed failed to cheer the market as Fed made it clear that it will not refrain from taking tough steps in the coming months to tackle inflation. We can expect the market to remain choppy if the hawkish stance on monetary policy continues.” 

CoinDCX Research Team told ABP Live, “In the past 24 hours, the total volume of the cryptocurrency market reached $27.54 billion, reflecting a significant increase of 33.03 percent compared to the previous period. Additionally, the decentralized finance (DeFi) sector contributed $1.67 billion to the overall volume, accounting for approximately 6.06 percent of the total crypto market volume. These figures indicate a growing interest and participation in both the broader cryptocurrency market and the specific DeFi sector.”

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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.