Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, managed to snap out of its slump and surpass $28,000 early Wednesday morning. The sudden rally could be largely attributed to Deutsche Bank's plans to start crypto custody services. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), have landed in the greens across the board. Stacks (STX) remained the biggest gainer for the second day in a row, posting a gain of more than 20 percent in 24 hours.
The global crypto market capitalization stood at $1.13 trillion at the time of writing, posting a 24-hour gain of 5.08 percent.
Bitcoin (BTC) price today
The Bitcoin price stood at $28,691.99, recording a 24-hour jump of 6.56 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 24.85 lakh.
Ethereum (ETH) price today
ETH price stood at $1814.01, marking a 24-hour gain of 4.70 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.59 lakh.
Dogecoin (DOGE) Price Today
DOGE posted a 24-hour jump of 2.41 percent, according to data from CoinMarketCap, currently trading at $0.06383. According to WazirX, the Dogecoin price in India was Rs 5.60.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 5.85 percent. At the time of this writing, she was trading at $81.88. The LTC price in India stood at Rs 7,194.90.
Ripple Price (XRP) Today
XRP price stood at $0.4968, with a 24-hour gain of 1.35 percent. According to WazirX, the Ripple price stood at Rs 43.
Solana (SOL) Price Today
Solana price settled at $16.84, marking a 24-hour gain of 4.46 percent. According to WazirX, the SOL price in India stood at Rs 1,458.95.
Top cryptocurrency gainers today (June 21)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Batteries (STX)
Price: $0.7556
24 hour gain: 20.53 percent
Conflux (CFX)
Price: $0.2169
24 hour gain: 19.71 percent
Flow (FLOW)
Price: $0.5489
24 hour gain: 19.67 percent
Optimism (OP)
Price: $1.34
24 hour gain: 15.83 percent
Pepper (PEPPER)
Price: $0.000001608
24 hour gain: 13.52 percent
Top crypto losers today (June 21)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Golden Mooring (XAUT)
Price: $1,938.72
Loss of 24 hours: 0.46 percent
BitTorrent (NEW) (BTT)
Price: $0.0000004694
Loss of 24 hours: 0.27 percent
TrueUSD (TUSD)
Price: $1.00
Loss of 24 hours: 0.11 percent
USD Currency (USDC)
Price: $0.9999
Loss of 24 hours: 0.02 percent
Dai (DAI)
Price: $0.9998
Loss of 24 hours: 0.01 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โOver the past 24 hours, most cryptocurrencies have risen after Deutsche Bank applied for a license to offer cryptocurrency custody services. In particular, Bitcoin has shown strength by breaching the $28,500 threshold, a level that had not been reached in the past two weeks. On Tuesday, BTC successfully broke through a significant resistance level, indicating a positive trend in the market. The main driver behind this upward move appears to be growing institutional interest in Bitcoin, as evidenced by recent filings by BlackRock and Fidelity Investments for a spot Bitcoin ETF. Currently, BTC is finding support around $28,450, while resistance levels are set at $29,000 and subsequently $30,000. Overall, market sentiment is bullish, reflecting a positive outlook.โ
Parth Chaturvedi, Chief Investment Officer at CoinSwitch Ventures, said: โBTC, up 6.9 percent from yesterday, raised its $28,000 resistance level and is currently trading above it; new resistance level at $30,000. BTC's price movement comes against the backdrop of its dominance crossing 50 percent for the first time in the past two years. The development of BlackRock's BTC ETF further underscores the bullish case for BTC. It could also be that BTC has not been implicated in the regulatory complexities that altcoins currently face.โ
Rajagopal Menon, Vice President of WazirX, offered his view: โBitcoin market oscillators and moving averages indicate a 'Buy' sentiment. Bullish sentiment sparked by Blackrock's ETF filing has skyrocketed as more institutions have come together to support Crypto trading. Despite the market's FUD for most of the past week, Bitcoin's current movement defies previous predictions and gives hope for a $30,000 mark in the midst of its correction phase."
Sathvik Vishwanath, CEO and Co-Founder of Unocoin, said: โBitcoin (BTC) showed strength by breaking the downtrend line at $26,400, reinforcing its bullish outlook. The buy zone is supported by positive signals from the Relative Strength Index (RSI) and Moving Average Convergence Indicators (MACD). On the NFT front, Ethereum (ETH) continues to dominate with market revenue growth of over 11 percent, while Bitcoin NFT ranks second. The latest data from the June 20, 2023 crypto slam reveals a slight increase in NFT sales, totaling just over $146 million.โ
Shivam Thakral, CEO of BuyUCoin, said: โThe cryptocurrency market has seen a remarkable increase in trading activity in the last 24 hours, with total volume reaching $43.95 billion, which is an impressive increase of 59 ,14 percent. Bitcoin has crossed the $28,000 mark due to increasing interest from institutions."
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.
