Cryptocurrency Price Today: Bitcoin Remains Below $27,000, PEPE Continues To See Losses
Cryptocurrency price on June 5 quick take: The global market cap remained at $1.14 trillion over the weekend.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $27,000 mark over the weekend, as Ethereum (ETH) continued to remain stable within the $1,800 range. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — managed to see a mix of dips and gains across the board. Terra Classic (LUNC) emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 20 percent. Memecoin Pepe (PEPE), on the other hand, continues to be the biggest loser.
The global crypto market cap stood at $1.14 trillion at the time of writing, registering a 24-hour loss of 0.80 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,828.90, registering a 24-hour loss of 0.80 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 $1,872, marking a 24-hour loss of 1.19 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.67 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.31 percent, as per CoinMarketCap data, currently priced at $0.07171. As per WazirX, Dogecoin price in India stood at Rs 6.31.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 2.29 percent. At the time of writing, it was trading at $93.11. LTC price in India stood at Rs 8,280.22.
Ripple (XRP) Price Today
XRP price stood at $0.5324, seeing a 24-hour jump of 2.04 percent. As per WazirX, Ripple price stood at Rs 46.70.
Solana (SOL) Price Today
Solana price stood at $21.63, marking a 24-hour gain of 1.46 percent. As per WazirX, SOL price in India stood at Rs 1,851.
Top Crypto Gainers Today (June 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Terra Classic (LUNC)
Price: $0.0001109
24-hour gain: 19.64 percent
Decentraland (MANA)
Price: $0.506
24-hour gain: 3.71 percent
ApeCoin (APE)
Price: $3.24
24-hour gain: 3.56 percent
dYdX (DYDX)
Price: $2.15
24-hour gain: 3.03 percent
The Sandbox (SAND)
Price: $0.586
24-hour gain: 2.49 percent
Top Crypto Losers Today (June 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pepe (PEPE)
Price: $0.000001203
24-hour loss: 5.90 percent
Filecoin (FIL)
Price: $4.58
24-hour loss: 5.47 percent
WOO Network (WOO)
Price: $0.23
24-hour loss: 4.73 percent
Optimism (OP)
Price: $1.45
24-hour loss: 4.19 percent
The Graph (GRT)
Price: $0.1233
24-hour loss: 3.97 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has been consolidating, fluctuating within the range of $26,900 and $27,000 within the last 24 hours. Following the release of positive job data in May, with the US adding 339,000 jobs surpassing expectations, BTC managed to surpass the $27,000 mark during the weekend. Should buyers maintain BTC above its current level, a potential upward movement towards the $27,350 and subsequently the $27,500 range may occur. Conversely, failure to overcome the resistance could result in a continued downward trajectory. Looking ahead, investors are now focused on the upcoming release of the FOMC meeting minutes scheduled for June 14, following the significant data events from the previous week.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Crypto markets have continued to be tightly range-bound as overall market capitalization remained just below $1.2 trillion over the weekend, without any change in the last 24 hours. The crypto fear and greed index has climbed a point since yesterday and currently remains in the neutral zone with 53 points. Investors are currently displaying a lack of initiation for trend control. It is because of this that we can expect the market to perform sideways till a prominent narrative picks up.”
Rajagopal Menon, Vice President, WazirX, offered his take, "Crypto security sees new enthusiasm from the industry as new projects emerge around digital asset protection and new features such as artificial intelligence, interoperability, etc become more prominent in these ventures. Terra’s v2.1.0 upgrade proposal that could align Terra Classic with other blockchains in the Terra network has given a significant rise in price for the token. This has been mainly due to increased buying pressure. Bitcoin’s moving averages point to a sell sentiment."
Sathvik Vishwanath, CEO and co-founder, Unocoin said, “Bitcoin is currently trading in a sideways band with support at $27,000 and resistance expected at $27,600. Traders are keeping a close eye on a potential breakout from this range with a target of $28,000 if the resistance level is breached. Meanwhile, Ethereum is currently at $1,882.24, showing a slight decrease of -0.54 percent in the last 24 hours. It is currently -2 percent away from its 7-day high of $1,920.57 and 2.05 percent away from its 7-day low of $1,844.51. Ethereum has a circulating supply of 120.23 million ETH.”
Shivam Thakral, the CEO of BuyUCoin, said, “The global crypto market cap currently stands at $1.14 trillion, reflecting a 0.56 percent decrease over the last day. In contrast, the total crypto market volume over the past 24 hours has reached $23.40 billion, indicating a significant increase of 20.85 percent. These figures highlight the dynamic nature of the cryptocurrency market, where fluctuations in market cap and trading volume occur regularly. It is crucial for investors and enthusiasts to closely monitor these changes to make informed decisions. Overall, despite the slight dip in market cap, the substantial surge in trading volume suggests continued interest and activity in the crypto space.”
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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