The crypto market is seeing a much-needed upswing, thanks to the multiple Bitcoin ETF filings led by BlackRock, leading to investors regaining confidence on the digital assets. Bitcoin (BTC) managed to climb above the $30,000 mark for the first time since April. Ethereum (ETH), managed to rise above the $1,900 mark alongside. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw notable gains across the board. Memecoin PEPE emerged to be the biggest gaine, with a whopping 24-hour jump of over 40 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour gain of 4.71 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,213.51, registering a 24-hour jump of 5.03 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,916.52, marking a 24-hour gain of 5.66 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.66 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 6.84 percent, as per CoinMarketCap data, currently priced at $0.06825. As per WazirX, Dogecoin price in India stood at Rs 5.92.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 7.20 percent. At the time of writing, it was trading at $87.82. LTC price in India stood at Rs 7,500.76.
Ripple (XRP) Price Today
XRP price stood at $0.5121, seeing a 24-hour gain of 6.47 percent. As per WazirX, Ripple price stood at Rs 44.10.
Solana (SOL) Price Today
Solana price stood at $17.44, marking a 24-hour gain of 4.04 percent. As per WazirX, SOL price in India stood at Rs 1,520.
Top Crypto Gainers Today (June 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pepe (PEPE)
Price: $0.000001512
24-hour gain: 40.66 percent
Bitcoin Cash (BCH)
Price: $139.73
24-hour gain: 24.84 percent
Conflux (CFX)
Price: $0.2564
24-hour gain: 18.12 percent
Neo (NEO)
Price: $9.22
24-hour gain: 11.66 percent
Bitcoin SV (BSV)
Price: $28.73
24-hour gain: 10.36 percent
Top Crypto Losers Today (June 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Rocket Pool (RPL)
Price: $41.69
24-hour loss: 1.17 percent
Toncoin (TON)
Price: $1.38
24-hour loss: 0.69 percent
PAX Gold (PAXG)
Price: $1,918.17
24-hour loss: 0.38 percent
Tether Gold (XAUT)
Price: $1,934.29
24-hour loss: 0.22 percent
Pax Dollar (USDP)
Price: $1.00
24-hour loss: 0.20 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 maintained a position above the $30,000 mark, experiencing a 5 percent increase compared to the previous day. This upward trend has been fueled by investor enthusiasm following the announcement of multiple spot Bitcoin ETF filings. After a prolonged period of decline, BTC has reached its highest value since April 2023. Its month-to-date gains exceed 10 percent and year-to-date gains stand at an impressive 80 per cent. Similarly, Ethereum has surged above the $1,900 level, indicating strong buying activity.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “BTC, up 5.6 percent, crossed its resistance level of $30,000 for the first time since April and currently trading above it. Market confidence has been on the rise as BlackRock has successfully attained over 500 ETF applications, with only one denial. This has started institutional entry into the BTC ETFs by major financial institutions like WisdomTree and Invesco. Fidelity is rumoured to join the bandwagon.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin’s price continues to gain momentum as more financial institutions aid in crypto adoption globally. The market indicators for the largest crypto token indicate a strong ‘Buy’ sentiment for the second day in a row.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently trading at $30,800 and Ethereum is currently around $1,917. The price of Bitcoin has crossed $30,000 and is aiming to reach $31,000, which may lead to a 15 percent increase towards $35,000. The rising momentum of buyers is evident through the rising Relative Strength Index (RSI) and positive green histograms, which indicate bullish dominance. Ethereum (ETH) is also benefiting from Bitcoin’s rally with a 5 percent daily gain and a target of $1,941. However, if Bitcoin shows exhaustion, it could break ETH’s rally and potentially cause a drop below the 50-day EMA. Ripple (XRP) is trading with a bullish bias, but is facing resistance at the $0.528-$0.520 bid zone, which could turn into blocking failed orders if not breached.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market has experienced a remarkable upswing in trading activity, with a total volume of $59.34 billion over the past 24 hours, representing a substantial 35.35 percent increase. Within this dynamic landscape, the decentralized finance (DeFi) sector has made significant strides, contributing $3.61 billion in volume, accounting for 6.08 percent of the overall crypto market activity. Additionally, stablecoins have emerged as a dominant force, boasting a volume of $55.33 billion, making up an impressive 93.24 percent of the total crypto market 24-hour volume. Notably, Bitcoin has crossed the $30,000 mark, further solidifying its position as a leading cryptocurrency.”
CoinDCX Research Team told ABP Live, “EDX Markets, a crypto-platform supported by Schwab and Fidelity, has commenced trading for popular cryptos such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Notably, an institutional non-custodial wallet, meaning it does not hold customer crypto-assets but relies on third-party custodians to ensure the security of customer funds. This approach eliminates concerns about potential fund misappropriation. The emergence of EDX, backed by prominent firms like Citadel Securities and Fidelity Digital Assets, has the potential to reshape the digital asset landscape, particularly in the face of increased scrutiny of the sector by US regulators.”
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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.
