Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to surpass the $69,000 mark early Tuesday morning. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), landed in the green across the board while the overall market fear and greed index held. at 62 (Greed) out of 100, according to data from CoinMarketCap. A memecoin bite DOGโขGOโขTOโขTHEโขMOON (DOG) remained the biggest gainer, with a gain of nearly 25 percent in 24 hours. Axie Infinity (AXS) became the biggest loser, falling almost 5 percent in 24 hours.
The global crypto market capitalization stood at $2.56 trillion at the time of writing, recording a 0.27 percent gain in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $69,004.71, registering a jump of 0.40 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 60.41 lakh.
Ethereum (ETH) price today
The price of ETH stood at $3,763.06, down 1.46 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 3.29 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour loss of 1.65 percent, according to data from CoinMarketCap, currently priced at $0.1581. According to WazirX, the Dogecoin price in India stood at Rs 13.75.
Litecoin (LTC) price today
Litecoin saw a drop of 2.10 percent in 24 hours. At the time of writing, it was trading at $82.06. LTC price in India stood at Rs 7,139.
Ripple Price (XRP) Today
The price of XRP stood at $0.52, up 0.45 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 45.50.
Solana (SOL) price today
The price of Solana stood at $166.09, representing a gain of 0.60 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 14,370.
Top Crypto Gainers Today (June 3)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
DOG GO TO THE MOON (DOG)
Price: $0.009128
24 hour gain: 24.85 percent
Kaspa (KAS)
Price: $0.1747
24 hour gain: 18.80 percent
Notcoin (NO)
Price: $0.02424
24 hour gain: 17.57 percent
JasmyCoin (JASMY)
Price: $0.03828
24 hour gain: 10.02 percent
Wormhole (W)
Price: $0.6924
24 hour gain: 8.63 percent
Top Crypto Losers Today (June 3)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Infinite Axie (AXS)
Price: $8.04
Loss of 24 hours: 4.64 percent
Gala (GALA)
Price: $0.0448
Loss of 24 hours: 4.60 percent
Decentralized (MANA)
Price: $0.4515
Loss of 24 hours: 4.46 percent
Bitget Token (BGB)
Price: $1.31
Loss of 24 hours: 4.31 percent
Ronin (RON)
Price: $3.15
Loss of 24 hours: 4.10 percent
What Crypto Exchanges Say About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โBitcoin traded above $70,000 on Monday after a week of sideways movement. It has since consolidated around $69,000. The next resistance levels are at $69,300 and $70,400, with support at $67,700. Meanwhile, Ethereum has remained above $3,700 for several days, indicating that the bulls are attempting to establish this level as support. The next resistance for Ethereum is at $3,900.โ
CoinSwitch Markets Desk noted: โBTC stabilizes around the $69,000 mark, the market structure appears primed for another rally towards the all-time highs it reached almost 3 months ago, which is only 6% higher than current levels. ETH also found its base at $3,800 and with ETH ETF trading expected to begin in late June, not much selling pressure is expected either.โ
Rajagopal Menon, Vice President at WazirX, said: โEthereum continues to fluctuate around the EMA50, which provides strong support. Positive signals are emerging as the stochastic indicator begins to overlay positively, suggesting a possible bullish trend. If Ethereum falls below $3,641.82, it could signal a bearish correction, with the next target at $3,360.31. Bitcoin is testing the crucial resistance level of $69,110.00. Exceeding this level could push the price up, with initial targets at $70,645.00 and expandable to $73,800.00. The bullish trend remains valid as long as Bitcoin remains above $67,080.00.โ
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin (BTC/USD) is trading at $69,300 and is showing an uptrend as it remains above the support level of $69,100. Recent crypto asset inflows of $185 million last week and $2 billion in May indicate strong investor confidence. TechDev analysis highlights a major breakout against the M1 money supply following the longest consolidation period in Bitcoin history, suggesting the potential for a substantial price rise. Immediate resistance is at $69,600, other levels at $70,300 and $70,900. The RSI at 63 suggests a slightly overbought market, but the outlook remains bullish for further gains.โ
Shivam Thakral, CEO of BuyUcoin, said: โBitcoin appears to be gearing up for its next rally as it hits the $70,000 mark following encouraging US inflation data. Weak inflation data has sparked debate over whether the US Federal Reserve will cut interest rates at its next meeting this month. If Bitcoin surpasses its all-time high again, we can expect BTC to approach $100,000, as predicted by banking giant Standard Chartered. โMacroeconomic factors appear favorable and the current momentum is expected to continue.โ
The CoinDCX research team told ABP Live: โThe cryptocurrency market saw a small rally, with BTC touching $70,000. Currently, it is settling between $69,000 and $70,000. ETH is also consolidating, moving between $3,750 and $3,850. Altcoins saw bullish momentum as BTC rose. As for the indicators, the EMAs suggest optimism for both ETH and BTC. Funding rates are neutral and BTC ETFs continue to see positive net inflows, which is bullish for the broader cryptocurrency market.โ
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Disclaimer: Crypto products and NFTs are unregulated and can be very 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 relevant relevant literature on the subject before making any type of investment. Cryptocurrency Market predictions are speculative and any investment made will be at the sole risk and expense of the readers.
