It appears that the US SEC's lawsuit on crypto majors Binance and Coinbase is still managing to show its teeth weeks later, as Bitcoin (BTC) fails to recapture the $27,000 mark and continues to see a slide. Ethereum (ETH), also held below the $1,800 mark early Tuesday morning. Other popular altcoins, including Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), saw minor moves across the board. While KuCoin Token (KCS) remained the biggest loser for the second day in a row, Stacks (STX) emerged as the biggest winner of the lot.
The global crypto market capitalization stood at $1.08 trillion at the time of writing, posting a 24-hour gain of 1.21 percent.
Bitcoin (BTC) price today
The Bitcoin price stood at $26,889.68, recording a 24-hour jump of 1.83 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 23.67 lakh.
Ethereum (ETH) price today
ETH price sat at $1,730.48, marking a 24-hour gain of 0.46 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.55 lakh.
Dogecoin (DOGE) Price Today
DOGE posted a 24-hour jump of 0.57 percent, according to data from CoinMarketCap, currently trading at $0.06228. According to WazirX, the Dogecoin price in India was Rs 5.57.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.28 percent. At the time of writing, it was trading at $77.37. The LTC price in India stood at Rs 6,802.14.
Ripple Price (XRP) Today
XRP price stood at $0.4904, with a 24-hour gain of 0.02 percent. According to WazirX, the Ripple price stood at Rs 43.60.
Solana (SOL) Price Today
Solana price settled at $16.07, marking a 24-hour gain of 3.47 percent. According to WazirX, the SOL price in India stood at Rs 1,459.85.
Top cryptocurrency gainers today (June 20)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Batteries (STX)
Price: $0.6254
24 hour gain: 11.53 percent
Sui (SUI)
Price: $0.8039
24 hour gain: 11.46 percent
Injective (INJ)
Price: $6.27
24 hour gain: 6.12 percent
Lido DAO (LDO)
Price: $1.80
24 hour gain: 5.35 percent
Processing Token (RNDR)
Price: $2.06
24 hour gain: 5.29 percent
Top crypto losers today (June 20)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
KuCoin Token (KCS)
Price: $6.43
Loss of 24 hours: 5.62 percent
Theta Grid (THETA)
Price: $0.6449
Loss of 24 hours: 1.44 percent
Polka Dots (POINT)
Price: $4.52
Loss of 24 hours: 1.37 percent
XDC Network (XDC)
Price: $0.03206
Loss of 24 hours: 1.34 percent
Tron (TRX)
Price: $0.06923
Loss of 24 hours: 1.33 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โOver the last 24 hours, Bitcoin has been holding above the $26,600 level, which suggests a consolidation phase. The price saw a rise, breaking above $27,000 and reaching a peak of approximately $27,184. However, a correction is currently underway as the bullish momentum has weakened slightly. Bitcoin is currently trading at around $26,900. The immediate resistance level for Bitcoin is at $27,200, while the support level sits at $26,700."
Parth Chaturvedi, Chief Investment Officer at CoinSwitch Ventures, said: โCrypto markets have seen positive price action in the last 24 hours. The global crypto market capitalization is at $1.12 trillion, up 1.2 percent from yesterday. The Cryptocurrency Fear and Greed Index has also improved by 2 points and remains in the neutral zone with a score of 49. BlackRock's development seems to have provided optimism to the markets, lifting investor confidence and activity." .
Rajagopal Menon, Vice President of WazirX, offered his opinion: โBlackrock's ETF filing has given the Bitcoin price a humble boost. Market oscillators point to neutral sentiment as no price increases are in sight for Bitcoin in the near future. Bitcoin moving averages indicate a 'Buy' sentiment even as the market goes through a correction phase."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โCryptocurrency trader Andrew Kang awaits a decision in Grayscale vs. SEC in the coming weeks, which could expedite the approval of a bitcoin ETF before the SEC's 240-day review period. . Bitcoin recovered from a three-month low to hit a weekly high of $26,675.93. A break of the resistance level at $26,800 and a break above the RSI ceiling of 50.00 could push BTC/USD towards $27,300. Ethereum, trading above $1,700, also saw an upward move, hitting an intraday high of $1,746.51 and maintaining its weekly high around $1,769."
Shivam Thakral, CEO of BuyUCoin, said: โThe crypto market has rebounded from yesterday's slide as selling pressure showed signs of cooling. The pause in rate hikes announced by the US Fed failed to buoy the market as the Fed made it clear that it will not refrain from taking tough action in the coming months to tackle inflation. We can expect the market to remain choppy if the hawkish stance on monetary policy continues."
The CoinDCX research team told ABP Live: โOver the past 24 hours, the total volume of the cryptocurrency market reached $27.54 billion, reflecting a significant increase of 33.03 percent compared to the Previous period. In addition, the decentralized finance (DeFi) sector contributed $1.67 billion to the total volume, representing approximately 6.06% of the total volume of the crypto market. These numbers indicate growing interest and participation in both the broader cryptocurrency market and the specific sector of DeFi."
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Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.
