Cryptocurrency Price Today: Despite Minor Losses, Bitcoin Manages To Remain Above $30,000
Cryptocurrency price on June 23 quick take: The global market cap dipped to $1.17 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $30,000 mark early Friday morning, despite minor losses dominating the price charts, which was expected following the sudden boom seen yesterday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — landed in the reds across the board. UNUS SED LEO (LEO) managed to be the biggest gainer of the lot, with a 24-hour jump of nearly 7 percent.
The global crypto market cap stood at $1.17 trillion at the time of writing, registering a 24-hour dip of 1.36 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,013.21, registering a 24-hour loss of 0.91 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 25.90 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,882.01, marking a 24-hour loss of 1.84 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.62 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.26 percent, as per CoinMarketCap data, currently priced at $0.06626. As per WazirX, Dogecoin price in India stood at Rs 5.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 7.20 percent. At the time of writing, it was trading at $86.24. LTC price in India stood at Rs 7,256.01.
Ripple (XRP) Price Today
XRP price stood at $0.4989, seeing a 24-hour loss of 3.57 percent. As per WazirX, Ripple price stood at Rs 42.73.
Solana (SOL) Price Today
Solana price stood at $16.78, marking a 24-hour dip of 4.40 percent. As per WazirX, SOL price in India stood at Rs 1,471.35.
Top Crypto Gainers Today (June 23)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $3.82
24-hour gain: 6.85 percent
Bitcoin SV (BSV)
Price: $30.37
24-hour gain: 5.59 percent
Conflux (CFX)
Price: $0.2612
24-hour gain: 2.36 percent
Pepe (PEPE)
Price: $0.00000155
24-hour gain: 2.25 percent
VeChain (VET)
Price: $0.01741
24-hour gain: 1.88 percent
Top Crypto Losers Today (June 23)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Flow (FLOW)
Price: $0.5346
24-hour loss: 9.10 percent
Mask Network (MASK)
Price: $3.75
24-hour loss: 7.62 percent
Gala (GALA)
Price: $0.02513
24-hour loss: 7.17 percent
Stacks (STX)
Price: $0.7743
24-hour loss: 7.03 percent
Frax Share (FXS)
Price: $5.76
24-hour loss: 6.96 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After experiencing two consecutive days of substantial surges driven by the applications of major financial institutions for spot Bitcoin ETF licenses, the price of Bitcoin has entered a phase of stability within the last 24 hours. BTC has maintained a relatively steady position, trading within the range of $29,900 and $30,100. In order for Bitcoin to sustain its upward momentum and achieve new annual highs, it is essential for the cryptocurrency to consolidate its position above the critical level of $30,000. Ethereum has followed a similar trajectory to Bitcoin, with its current trading value hovering around $1,870.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC, down 1.3 percent, continues to trade around $30,000. BTC’s price is beginning to stall after the BTC ETF excitement within the market. Though we can expect the BTC price to hold firmly around the current levels with support at $29,700. Institutional entry into the crypto market has shifted the narrative and investor sentiment away from regulatory developments from last week. Furthering this case, French regulators have granted registration to CACEIS, the asset servicing division of banking giants Crédit Agricole and Santander, allowing them to provide crypto custody services. Developments like these are a propellant for the crypto industry at large.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Crypto transaction volume in APAC surges as countries draw clear regulatory frameworks in the region. TradFi institutions continue to join crypto. However, it remains to be seen how many get the approval of the SEC and help crypto regain market momentum."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin price is $29,897.12 with a change of -0.77 percent. It failed to break the $30,700 level and therefore could trigger a correction towards the $29,300 Fibonacci retracement. Increased selling pressure could push the price to around $28,400, which is the 38.2 percent Fibonacci level. If the bearish trend strengthens, the targets at $27,750 and $27,000 (50 percent and 61.8 percent Fibonacci retracement levels) will become relevant. The $27,000 level is significant due to its past role as resistance, and the descending channel on the daily time frame chart further highlights its importance.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market has witnessed a notable decline in trading activity, with a total volume of $40.57 billion over the past 24 hours, marking a significant 31.76 percent decrease. However, amidst this downturn, the decentralized finance (DeFi) sector remains resilient, contributing $2.75 billion in volume, comprising 6.77 percent of the overall crypto market activity. Stablecoins continue to maintain their prominence, accounting for a substantial volume of $38.39 billion, representing 94.62 percent of the total crypto market 24-hour volume. Additionally, Bitcoin has crossed the $30,000.01 mark, demonstrating its stability and resilience in the face of market fluctuations.”
CoinDCX Research Team told ABP Live, “The price of bitcoin rose as high as $30,822, before settling back to around $30,000. The surge comes after the recent filing of spot bitcoin ETF applications by BlackRock, Invesco, and other large asset management firms has given investors hope that the crypto market is starting to recover. Spot bitcoin ETFs are designed to track the price of bitcoin directly, and their approval would allow investors to buy and sell bitcoin through traditional brokerage accounts.”
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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