Cryptocurrency Price Today: Bitcoin Remains Below $27,000, IMX Becomes Top Gainer
Cryptocurrency price on June 9 quick take: The global market cap stood at $1.10 trillion.
Bitcoin (BTC), the oldest and the most valued cryptocurrency in the world, remained below the $27,000 mark on Friday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of red and greens across the board. The Immutable (IMX) token managed to remain the biggest gainer of the lot, with a 24-hour gain of over 5 percent. SUI, on the other hand, became the biggest loser, with a 24-hour dip of nearly 5 percent..
The global crypto market cap stood at $1.10 trillion at the time of writing, registering a 24-hour gain of 0.24 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $26,433.73, registering a 24-hour gain of 0.14 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.57 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,837.05, marking a 24-hour loss of 0.05 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.64 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.38 percent, as per CoinMarketCap data, currently priced at $0.06779. As per WazirX, Dogecoin price in India stood at Rs 6.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.04 percent. At the time of writing, it was trading at $87.68. LTC price in India stood at Rs 7,820.
Ripple (XRP) Price Today
XRP price stood at $0.5249, seeing a 24-hour jump of 0.78 percent. As per WazirX, Ripple price stood at Rs 46.79.
Solana (SOL) Price Today
Solana price stood at $18.75, marking a 24-hour gain of 1.02 percent. As per WazirX, SOL price in India stood at Rs 1,690.
Top Crypto Gainers Today (June 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Immutable (IMX)
Price: $0.7281
24-hour gain: 5.31 percent
Mina (MINA)
Price: $0.4972
24-hour gain: 4.43 percent
Injective (INJ)
Price: $6.92
24-hour gain: 3.76 percent
Mask Network (MASK)
Price: $4.15
24-hour gain: 3.33 percent
XDC Network (XDC)
Price: $0.03542
24-hour gain: 3.28 percent
Top Crypto Losers Today (June 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sui (SUI)
Price: $0.7284
24-hour loss: 4.82 percent
Lido DAO (LDO)
Price: $2.15
24-hour loss: 3.78 percent
Frax Share (FXS)
Price: $5.89
24-hour loss: 3.07 percent
Synthetix (SNX)
Price: $2.05
24-hour loss: 2.04 percent
Monero (XMR)
Price: $141.35
24-hour loss: 1.77 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is presently in a consolidation phase, holding its position above the $26,000 level. Tensions arise from the conflict between the SEC, Binance, and Coinbase, while concerns regarding inflation and central bank hawkishness add to the market unease. Despite these factors, BTC has demonstrated resilience by remaining above the $26,000 threshold in recent days. If it can successfully breach the resistance at $26,750, a substantial increase in its value may be observed. Moreover, surpassing the next significant resistance at approximately $27,000 could propel the price even higher. On the downside, the current support level is at $25,400.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Crypto markets have traded sideways in the last 24 hours. The global crypto market capitalization is at $1.14 trillion, with a slight decline of 0.1 per cent since yesterday. The crypto fear and greed index continues to maintain yesterday’s position right in the middle of the scale with 50 points.”
Rajagopal Menon, Vice President, WazirX, offered his take, "Bitcoin price fluctuation continues amidst the SEC’s crackdown on Crypto exchanges. The ecosystem anticipates more rules to be imposed on the industry. Bitcoin’s moving averages and market oscillators indicate a strong ‘Sell’ sentiment."
Sathvik Vishwanath, CEO and co-founder, Unocoin said, “Ether held its position at $1,842 , signaling stability in Bitcoin's downtrend. Notably, the tokens mentioned in the SEC lawsuits saw a smaller recovery, with BNB up 0.49 percent and ADA, SOL, and MATIC seeing a Minor dip. Bitcoin remains resilient despite recent SEC lawsuits against Binance and Coinbase, along with inflation and central bank concerns. It hovers around $26,300 seemingly untouched by regulatory action. SEC Chairman Gary Gensler delivers a resolute message in which he argues that the appeal of an additional instrument cannot exempt crypto assets from the securities categorisation.”
Shivam Thakral, the CEO of BuyUCoin, said, “The US SEC action on crypto firms has not impacted BTC prices in a big way as the world’s largest crypto holds strong above the $26,000 mark. The largest altcoin, ETH, also remains resilient and did not slide further in the last 24 hours which is mainly due to optimism around Fed’s monetary policy decision which is due next week. There is a sense in the market that Fed may relax its hawkish stance to boost market liquidity.”
CoinDCX Research Team told ABP Live, “The crypto market has experienced volatility this week, with Bitcoin and Ethereum trading around $26,400 and $1,840, respectively. A fascinating trend has emerged in the Bitcoin Accumulation Trend Score, as major whales with over 10,000 BTC continue to accumulate aggressively, while other significant groups are witnessing substantial distribution. On the other hand, Web3 initiatives in Asian countries have started reflecting. On-chain data indicates that Asia has surpassed the United States in terms of active capital in Bitcoin and crypto markets.”
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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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