The crypto market is seeing a much-needed rally, thanks to multiple Bitcoin ETF filings led by BlackRock, leading investors to regain confidence in digital assets. Bitcoin (BTC) managed to breach the $30,000 mark for the first time since April. Ethereum (ETH), managed to breach the $1,900 mark at the same time. Other popular altcoins, including Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), all saw notable gains across the board. Memecoin PEPE turned out to be the biggest gain, with a whopping jump of more than 40 percent in 24 hours.
The global crypto market capitalization stood at $1.18 trillion at the time of writing, posting a 24-hour gain of 4.71 percent.
Bitcoin (BTC) price today
The Bitcoin price stood at $30,213.51, recording a 24-hour jump of 5.03 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 26.04 lakh.
Ethereum (ETH) price today
ETH price stood at $1,916.52, marking a 24-hour gain of 5.66 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.66 lakh.
Dogecoin (DOGE) Price Today
DOGE posted a 24-hour jump of 6.84 percent, according to data from CoinMarketCap, currently priced at $0.06825. According to WazirX, the Dogecoin price in India was Rs 5.92.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 7.20 percent. At the time of writing, it was trading at $87.82. The LTC price in India stood at Rs 7,500.76.
Ripple Price (XRP) Today
XRP price stood at $0.5121, with a 24-hour gain of 6.47 percent. According to WazirX, the Ripple price stood at Rs 44.10.
Solana (SOL) Price Today
Solana price settled at $17.44, marking a 24-hour gain of 4.04 percent. According to WazirX, the SOL price in India stood at Rs 1,520.
Top cryptocurrency gainers today (June 22)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Pepper (PEPPER)
Price: $0.000001512
24 hour gain: 40.66 percent
Bitcoin Cash (BCH)
Price: $139.73
24 hour gain: 24.84 percent
Conflux (CFX)
Price: $0.2564
24 hour gain: 18.12 percent
Neo (NEO)
Price: $9.22
24 hour gain: 11.66 percent
Bitcoin SV (BSV)
Price: $28.73
24 hour gain: 10.36 percent
Top crypto losers today (June 22)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Rocket Group (RPL)
Price: $41.69
Loss of 24 hours: 1.17 percent
Toncoin (TON)
Price: $1.38
Loss of 24 hours: 0.69 percent
PAX Gold (PAXG)
Price: $1,918.17
Loss of 24 hours: 0.38 percent
Golden Mooring (XAUT)
Price: $1,934.29
Loss of 24 hours: 0.22 percent
Dollar Pax (USDP)
Price: $1.00
Loss of 24 hours: 0.20 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, Bitcoin has held a position above the $30,000 mark, seeing a 5 percent increase compared to the day former. This uptrend has been fueled by investor enthusiasm following the announcement of multiple spot Bitcoin ETF filings. After a prolonged period of decline, BTC has reached its highest value since April 2023. Its monthly gains are over 10 percent and annual gains sit at an impressive 80 percent. Similarly, Ethereum has rallied above the $1900 level, indicating strong buying activity."
Parth Chaturvedi, Chief Investment Officer at CoinSwitch Ventures, said: โBTC, up 5.6 percent, crossed its $30,000 resistance level for the first time since April and is currently trading above it. Market confidence has been growing as BlackRock has successfully obtained more than 500 ETF applications, with only one denial. This has initiated institutional entry into BTC ETFs by major financial institutions such as WisdomTree and Invesco. Fidelity is rumored to be joining the bandwagon."
Rajagopal Menon, Vice President of WazirX, offered his opinion: โThe price of Bitcoin continues to gain momentum as more financial institutions help in the adoption of cryptocurrencies globally. Market indicators for the largest crypto token indicate strong 'Buy' sentiment for the second day in a row."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin is currently trading at $30,800 and Ethereum is currently around $1,917. Bitcoin price has passed $30,000 and is aiming to reach $31,000, which may lead to a 15 percent rally towards $35,000. The growing momentum from buyers is evident via the Relative Strength Index (RSI). ) rising and positive green histograms, indicating bullish dominance. Ethereum (ETH) is also benefiting from Bitcoin's rally with a daily gain of 5 percent and a target of $1,941. However, if Bitcoin shows exhaustion, it could break ETH's rally and potentially cause a drop below the 50 day EMA. Ripple (XRP) is trading with a bullish bias but is facing resistance at the $0.528-$0.520 bid zone, which could turn into failed order blocking if not breached."
Shivam Thakral, CEO of BuyUCoin, said: โThe cryptocurrency market has seen a notable increase in trading activity, with a total volume of $59.34 billion in the last 24 hours, representing a substantial increase of 35 .35 percent. Within this dynamic landscape, the decentralized finance (DeFi) sector has made significant strides, contributing $3.61 billion in volume, representing 6.08% of total crypto market activity. Additionally, stablecoins have become a dominant force, with volume coming in at $55.33 billion, representing an impressive 93.24 percent of the crypto market's total 24-hour volume. Notably, Bitcoin has crossed the $30,000 mark, further cementing its position as a leading cryptocurrency."
The CoinDCX research team told ABP Live: โEDX Markets, a Schwab and Fidelity-backed crypto platform, has started trading popular cryptos such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash. In particular, a non-custodial institutional wallet, meaning it does not hold customer crypto assets, but instead relies on third-party custodians to ensure the safety of customer funds. This approach eliminates concerns about the potential misappropriation of funds. The rise of EDX, backed by prominent firms such as Citadel Securities and Fidelity Digital Assets, has the potential to reshape the digital asset landscape, particularly in the face of increased scrutiny of the sector from US regulators."
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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.
