Bitcoin (BTC), the world's oldest and most valued cryptocurrency, held steady around $68,000 early Monday. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw smaller declines across the board as the overall market fear and greed index fell. ranked at 60 (Greed) out of 100, according to data from CoinMarketCap. The Notcoin token (NOT) remained the top gainer, maintaining its super rally, gaining over 285 percent in the last seven days. The ORDI token became the biggest loser, with a drop of almost 7 percent in 24 hours.
The global crypto market capitalization stood at $2.55 trillion at the time of writing, recording a 0.48 percent gain in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at $68,438.29, registering a jump of 0.96 percent in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 59.86 lakh.
Ethereum (ETH) price today
The price of ETH stood at $3,803.92, down 0.13 percent in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 3.33 lakh.
Dogecoin (DOGE) price today
DOGE posted a 24-hour loss of 0.26 percent, according to data from CoinMarketCap, currently priced at $0.1595. According to WazirX, the Dogecoin price in India stood at Rs 13.66.
Litecoin (LTC) price today
Litecoin saw a drop of 0.07 percent in 24 hours. At the time of writing, it was trading at $83.25. LTC price in India stood at Rs 7,329.12.
Ripple Price (XRP) Today
The price of XRP stood at $0.5164, with a loss of 0.41 percent in 24 hours. According to WazirX, the price of Ripple stood at Rs 45.28.
Solana (SOL) price today
The price of Solana stood at $163.17, representing a drop of 1.64 percent in 24 hours. According to WazirX, SOL price in India stood at Rs 14,233.
Top Crypto Gainers Today (June 3)
According to data from CoinMarketCap, these are the top five cryptocurrency gainers in the last 24 hours:
Notcoin (NO)
Price: $0.02228
24 hour gain: 28.80 percent
AEVO
Price: $1.04
24 hour gain: 13.04 percent
Toncoin (TON)
Price: $6.91
24 hour gain: 9.55 percent
Flare (FLR)
Price: $0.02941
24 hour gain: 8.32 percent
Klaytn (KLAY)
Price: $0.2388
24 hour gain: 8.12 percent
Top Crypto Losers Today (June 3)
According to data from CoinMarketCap, these are the top five cryptocurrency losers in the last 24 hours:
Ordi (ORDI)
Price: $45.34
Loss of 24 hours: 6.73 percent
Beam (BEAM)
Price: $0.02745
Loss of 24 hours: 5.65 percent
Bonk (BONK)
Price: $0.00003146
Loss of 24 hours: 5.02 percent
Book of memes (BOME)
Price: $0.01286
Loss of 24 hours: 4.65 percent
Core (CORE)
Price: $1.88
Loss of 24 hours: 4.06 percent
What Crypto Exchanges Say About the Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โOver the weekend, Bitcoin traded above $68,000, fluctuating between $67,000 and $69,000 over the past week. Investors and traders are eagerly awaiting US employment data for May, due to be released on Friday. This week is expected to be full of important data releases. Bitcoin is encountering resistance above the psychological barrier of $70,000, but the bulls have held their ground against the bears. If the bulls fail to secure a strong rebound from the current level, the next support is at $66,500, with resistance at $69,100.โ
Parth Chaturvedi, chief investment officer at CoinSwitch Ventures, said: โUS President Joe Biden vetoed a joint House resolution that aimed to repeal the Securities and Exchange Commission Staff Accounting Bulletin 121. (SEC). Under SAB 121, financial institutions that hold crypto assets for clients can declare these assets on their own balance sheets. Bitcoin price action has been relatively quiet, staying within the $67,000 to $69,000 range. This stability coincided with difficulties in other risk assets, including US stocks. However, several reports indicate a softening of economic conditions in the states, which could improve the prospects for lower interest rates. โThis development could serve as a catalyst for Bitcoin to attempt to surpass its all-time high of over $73,000 set in March.โ
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin exchange balances hit a five-year low, falling below 2.3 million BTC due to heavy outflows from Binance and Coinbase. This suggests a shift toward long-term holding strategies by large holders, or "whales," who expect future price growth. Currently, the price of Bitcoin is $67,731. The pivot point at $68,000 suggests a bearish outlook if BTC remains below this level, with resistance at $69,000, $70,600 and $71,000. Support levels are at $66,650, $65,950 and $65,150. The RSI is neutral at 46.62 and the 50-day EMA is in line with the pivot point. If Bitcoin breaks above $68,000, it could target higher resistance levels. Conversely, a fall below this pivot point may continue the downtrend.โ
Shivam Thakral, CEO of BuyUcoin, said: โUS inflation data showed that inflation rose moderately in April and consumer spending showed some signs of weakening. The inflation figures had a negligible impact on the cryptocurrency market as BTC remained strong above the $68,000 level while ETH remains stable at the $3,800 mark at the time of writing. โMacroeconomic factors surrounding financial markets appear positive and we can expect sustained momentum in digital assets in the coming weeks.โ
The CoinDCX research team told ABP Live: โOver the weekend, the market remained stable, while today it saw bullish momentum. Currently, BTC is outperforming ETH. Both are in the lateral zone. BTC is trying to break out of the bullish pattern and looks positive, targeting the range high and ATH level around $73,500. ETH is between its low and high range, looking neutral. Alternatives are trading mixed. This week, we can expect big moves and volatility due to upcoming US macroeconomic data announcements such as the unemployment rate and job openings.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.
