Today’s Cryptocurrency Prices in India (June 28): Global Market Cap, Bitcoin (BTC), Ethereum, Dogecoin, Solana, Litecoin, Stellar, and BitDAO
Bitcoin (BTC) managed to stay above the $30,000 mark, while other popular altcoins experienced losses. Stellar (XLM) was the biggest gainer with a 24-hour increase of nearly 10%, while BitDAO (BIT) was the biggest loser with a 24-hour dip of around 9%. The global crypto market cap was at $1.18 trillion, with a 24-hour dip of 0.21%. Bitcoin’s price stood at $30,469.37, while Ethereum (ETH) was at $1,866.76. Dogecoin (DOGE) registered a dip of 0.60%, Litecoin (LTC) lost 0.83%, Ripple (XRP) dropped 0.08%, and Solana (SOL) decreased by 0.55%.
The top five gainers in the crypto market over the past 24 hours were Stellar (XLM), Bitcoin Cash (BCH), VeChain (VET), WOO Network (WOO), and Bitcoin SV (BSV). The top five losers were BitDAO (BIT), Frax Share (FXS), Stacks (STX), Aave (AAVE), and Mina (MINA).
According to experts, Bitcoin has displayed stability above the $30,000 level, with minimal price fluctuations. Positive sentiment surrounding the potential Bitcoin ETF and encouraging economic indicators from the US have contributed to its stability. Bitcoin has seen a 13% increase in value month-to-date and an impressive 85% surge year-to-date. The dominance of Bitcoin has led most altcoins, except Bitcoin Cash, to trade lower. The most traded crypto pair ETH/BTC saw a drop to its 11-month low.
Fidelity’s plan to file for a spot Bitcoin ETF has been seen as a positive development for wider institutional adoption. However, Bitcoin’s price has faced resistance around the $31,000 level, with neutral candles suggesting a potential correction. The crypto market’s 24-hour volume reached $36.35 billion, with decentralized finance (DeFi) contributing significantly. The correlation between Bitcoin and tech stocks has decreased to 3% in June, indicating that crypto assets are charting their own course.
It is important to note that crypto investments carry risks, as they are unregulated and speculative. Readers are advised to seek expert advice and carefully consider all risks before making any investments.
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