Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to remain above the $30,000 mark early Wednesday, despite minor losses across the price charts. 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 with some losses. Stellar (XLM) became the biggest gainer of the lot, with a 24-hour jump of nearly 10 percent. BitDAO (BIT) became the biggest loser, with a 24-hour dip of nearly 9 percent.
The global crypto market cap stood at $1.18 trillion at the time of writing, registering a 24-hour dip of 0.21 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $30,469.37, registering a 24-hour gain of 0.30 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 26.37 lakh.
Ethereum (ETH) Price Today
ETH price stood at $1,866.76, marking a 24-hour loss of 0.45 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 0.60 percent, as per CoinMarketCap data, currently priced at $0.06505. As per WazirX, Dogecoin price in India stood at Rs 5.70.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 0.83 percent. At the time of writing, it was trading at $87.32. LTC price in India stood at Rs 7,455.01.
Ripple (XRP) Price Today
XRP price stood at $0.4822, seeing a 24-hour loss of 0.08 percent. As per WazirX, Ripple price stood at Rs 41.49.
Solana (SOL) Price Today
Solana price stood at $16.34, marking a 24-hour dip of 0.55 percent. As per WazirX, SOL price in India stood at Rs 1,507.
Top Crypto Gainers Today (June 28)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Stellar (XLM)
Price: $0.1025
24-hour gain: 9.34 percent
Bitcoin Cash (BCH)
Price: $233.66
24-hour gain: 5.39 percent
VeChain (VET)
Price: $0.01915
24-hour gain: 4.42 percent
WOO Network (WOO)
Price: $0.2208
24-hour gain: 3.16 percent
Bitcoin SV (BSV)
Price: $38.11
24-hour gain: 2.48 percent
Top Crypto Losers Today (June 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
BitDAO (BIT)
Price: $0.3681
24-hour loss: 8.80 percent
Frax Share (FXS)
Price: $5.57
24-hour loss: 6.24 percent
Stacks (STX)
Price: $0.6914
24-hour loss: 6.18 percent
Aave (AAVE)
Price: $62
24-hour loss: 5.99 percent
Mina (MINA)
Price: $0.4856
24-hour loss: 5.92 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has maintained its position well above the $30,000 level for the fifth consecutive day, displaying stability with minimal price fluctuations. This can be attributed to the positive sentiment surrounding the potential Bitcoin ETF and encouraging economic indicators from the US. However, it is worth noting that there has been noticeable bearish activity near the $31,000 zone. Currently, BTC faces immediate resistance at the $30,680 and $30,950 levels, while finding support at the $30,000 mark. In terms of performance, Bitcoin has witnessed a 13 percent increase in value month-to-date and an impressive 85 percent surge year-to-date.”
Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, said, “BTC is up 0.3 percent and continues to stay above the $30,000 mark. A break on the upside to test the $31,500 – $33,500 range becomes more likely as long as BTC continues to maintain its position above $30,000. Most altcoins except notably Bitcoin Cash, BCH (+5.44 percent), continued to trade lower as Bitcoin dominance, currently at 51.8 percent, continues to rise. Furthermore, the most traded crypto pair ETH/BTC saw a drop to its 11-month low.”
Rajagopal Menon, Vice President, WazirX, offered his take, “Bitcoin (BTC) surged after news broke that Fidelity plans to file for a spot Bitcoin ETF. The price rose to $31,000 from $30,600 but quickly dropped back to $30,500. Fidelity’s previous spot Bitcoin ETF application was rejected by the SEC in 2022. On WazirX, Orchid (OXT) and Ontology (ONT) have been the top gainers in the last 24 hours.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Financial giant Fidelity is reportedly preparing to file for a Bitcoin ETF, which could encourage wider institutional adoption. Bitcoin’s current price is $30,600, with a 24-hour trading volume of $16.1 billion, a slight increase of less than 2 percent. With a market cap of $594 billion, Bitcoin remains the top cryptocurrency. However, it faces significant resistance around the $31,000 level on the daily chart. Neutral candles such as dojis and spinners indicate waning bullish sentiment and potential exhaustion among buyers, suggesting a minor price correction. Immediate support is located near $29,600, followed by $28,250 and $26,750.”
Shivam Thakral, the CEO of BuyUCoin, said, “Despite a slight 0.04% decrease, the crypto market maintained robust activity over the last 24 hours, with a total volume of $36.35B. Notably, the decentralized finance (DeFi) sector contributed significantly, recording a volume of $2.23B, representing 6.13% of the overall crypto market’s 24-hour volume. This highlights the continued significance and resilience of DeFi within the broader crypto landscape.”
CoinDCX Research Team told ABP Live, “Bitcoin’s latest price rally has diverged further from tech stocks in June, indicating that crypto assets are increasingly charting their own course. The correlation between the two asset classes stands at just 3 percent this month, compared to an average of 60 percent in 2022.”
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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.
