News
Bitcoin Surpasses $61K, Akash Network Becomes Top Gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to break above the $61,000 mark early on Friday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw a mix of minor gains across the board as the overall market of fear and greed prevails. The index is trading at 46 (neutral) out of 100, according to CoinMarketCap data. Akash Network (AKT) token emerged as the biggest gainer, jumping nearly 15% in 24 hours. Fetch.ai (FET) became the biggest loser, down more than 11% in 24 hours.
At the time of writing, the global cryptocurrency market capitalization stood at $2.28 trillion, jumping 1.17% in 24 hours.
Bitcoin (BTC) price today
Bitcoin price was $61,597.48, up 0.94 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, BTC price was Rs 55.40 lakh.
Ethereum (ETH) price today
At the time of writing, the price of ETH stood at $3,452.50, marking a 2.11% jump in 24 hours. According to WazirX, the price of Ethereum in India stands at Rs 3.09 lakh.
Dogecoin (DOGE) Price Today
DOGE has seen a 24-hour gain of 2.85 percent, according to CoinMarketCap data, currently trading at $0.1256. According to WazirX, Dogecoin price in India was Rs 11.21.
Litecoin (LTC) Price Today
Litecoin recorded a 3.67% jump in 24 hours. As of this writing, it was trading at $73.56. The price of LTC in India stood at Rs 6,547.69.
Ripple (XRP) price today
XRP price settled at $0.4764, recording a 1.54% gain over 24 hours. According to WazirX, Ripple price was at Rs 42.71.
Solana (SOL) Price Today
Solana’s price stood at $146.10, marking a 6.54% jump in 24 hours. According to WazirX, the SOL price in India stood at Rs 13,207.65.
Top cryptocurrency gains today (June 28)
According to CoinMarketCap data, here are the five biggest cryptocurrency gainers in the last 24 hours:
Akash Network (AKT)
Price: $3.65
Earnings over 24 hours: 14.59 percent
Book of Memes (BOME)
Price: $0.01047
Earnings in 24 hours: 13.81%.
Confluence (CFX)
Price: $0.1714
Earnings over 24 hours: 10.07 percent
Avalanche (AVAX)
Price: $27.91
Earnings over 24 hours: 8.50 percent
Polka dots (DOT)
Price: $6.22
Earnings in 24 hours: 8.21%.
Cryptocurrency’s Biggest Losers Today (June 28)
According to CoinMarketCap data, here are the top five cryptocurrency losers over the past 24 hours:
Fetch.ai (FET)
Price: $1.47
Loss in 24 hours: 11.82%.
SingularityNET (AGIX)
Price: $0.6207
Loss in 24 hours: 9.45%.
Notcoin (NOT)
Price: $ 0.01532
Loss in 24 hours: 3.56%.
PENDLE (PENDLE)
Price: $5.26
Loss in 24 hours: 3.44%.
Lido DAO (LDO)
Price: $2.36
Loss in 24 hours: 2.96%.
What Cryptocurrency Exchanges Are Saying About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin has surpassed $62,000 in the past 24 hours, driven by investors returning to Bitcoin spot ETFs and an increase in real GDP United States The next obstacle for BTC is at $62,700, with support around $61,400. Bulls are actively buying at these support levels. Meanwhile, Ethereum has seen a 3% increase. Spot Ether ETF by July 4. Solana also jumped 9% following VanEck’s unveiling of a Solana ETF.”
CoinSwitch Markets Desk noted, “Asset manager VanEck’s unveiling of the first exchange-traded fund (ETF) Solana (SOL) in the United States triggered a 6% increase in the price of SOL, pushing it to $148. This follows closely a similar launch of Solana ETF in Canada just six days earlier. The SEC’s approval of the first spot Bitcoin ETF and the expected approval of an Ether ETF signal a growing trend in cryptocurrency investment products that ETH ETFs could attract $5 billion within the first five months, driven largely by independent investment advisors and broker-dealer platforms However, the absence of staking rewards could dampen the appeal of these spot ETFs for some investors”.
Rajagopal Menon, vice president of WazirX, said: “In a notable change, Bitcoin posted gains as optimism grew ahead of the expected Biden versus Trump debate, with investors expecting the cryptocurrency to be a focal point. However, the absence of any mention of cryptocurrencies during the debate has led to concerns about the potential impact on Bitcoin prices, perhaps dampening sector enthusiasm. Holding its level above the $60,000 mark, Bitcoin is rooted in oversold territory. , indicating prolonged bearish sentiment. Market analysts predict that this phase of stagnation could continue for a few more weeks. Conversely, the upcoming launch of the Ethereum ETF on July 4 is seen as a potential turning point. Ethereum price projections rising above $5,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin has surpassed $61,500 as more than one million addresses now hold at least one whole bitcoin, marking a significant milestone. The surge reflects growing confidence in Bitcoin’s long-term investment appeal amid market volatility. The rise of wholecoiners highlights the growing confidence in Bitcoin as a stable asset and store of value. With only 21 million Bitcoins in existence, holding them has become increasingly valuable, highlighting Bitcoin’s scarcity and intrinsic value. Bitcoin is currently trading at $61,585 with a market cap of $1.21 trillion, facing resistance at $62,700 but showing potential for further gains, supported by technical indicators and market sentiment.
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Disclaimer: Cryptocurrency products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any losses arising from such transactions. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and carefully read the offering documents along with other relevant relevant literature before making any investment. Cryptocurrency Market forecasts are speculative and any investment made will be at the sole cost and risk of the readers.