Quick analysis of the cryptocurrency pricing on June 26: $1.18 trillion was the market capitalization worldwide.
Despite slight dips throughout the price charts over the weekend, Bitcoin (BTC), the oldest and most valuable cryptocurrency in the world, was able to maintain its above-$30,000 level. Other well-known cryptocurrencies, such as Solana (SOL), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Ethereum (ETH), all saw losses. With a gain of over 10% over the previous day, PancakeSwap (CAKE) emerged as the largest winner of the group.
The market capitalization of all cryptocurrencies was $1.18 trillion at the time of writing, down 1.15 percent over the previous day.
Price of Bitcoin (BTC)
According to CoinMarketCap, the price of bitcoin today was $30,316.61, representing a 1.56 percent decline over the previous 24 hours. Bitcoin was trading at Rs. 26.20 lakh, according to Indian market WazirX.
Price of Ethereum (ETH) Today
At the time of writing, the price of ETH was $1,880.07, a drop of 1.03 percent over the previous 24 hours. According to WazirX, the price of Ethereum in India was Rs. 1.61 lakh.
Price of Litecoin (LTC) Today, Litecoin suffered a 3.09 percent 24-hour drop. Its price at the time of writing was $87.31. LTC cost 7,417 rupees in India.
Price of Ripple (XRP) Today
The price of XRP was $0.4848, a decrease of 1.09 percent over the previous 24 hours. The price of ripple was Rs 41.90, according to WazirX.
Price of Solana (SOL)
Solana’s price today was $16.75, down 1.49 percent from yesterday. SOL was priced at Rs 1,480 in India, according to WazirX.
Price of Dogecoin (DOGE)
According to statistics from CoinMarketCap, DOGE today saw a 24-hour decline of 2.54 percent, with a price of $0.06594. Dogecoin’s price in India was Rs 5.70, according to WazirX.
TODAY’S TOP CRYPTO GAINERS (JUNE 26)
Here are the top five cryptocurrency gainers during the last day, according to statistics from CoinMarketCap:
PancakeSwap (CAKE)
Price: $1.57
24-hour increase: 9.46%
Unicode (UNI)
Price: $5.32
Gain per day: 7.68 percent
ApeCoin (APE)
Price: $2.48
Gain per day: 7.44 percent
Synthetix (SNX)
Price: $2.14
24-hour gain: 5.40%
dYdX (DYDX)
Price: $1.94
Gain per day: 2.41 percent
TODAY’S TOP CRYPTO LOSERS (JUNE 26)
Here are the top five cryptocurrency losers during the last day, according to statistics from CoinMarketCap:
Ziliqa (ZIL)
Price: $0.02012
24-hour decline: 6.41%
Decentraland (MANA)
Price: $0.3826
24-hour decline: 5.85%
Bitcoin Cash (BCH)
Price: $195.60
Loss per day: 5.82 percent
Conflux (CFX)
Price: $0.2293
Loss per day: 5.34 percent
ECash (XEC)
Price: $0.00002357
Loss per day: 5.17 percent
THE CURRENT MARKET SCENARIO ACCORDING TO CRYPTO EXCHANGES
« After surging past the significant milestone of $31,000 and reaching a one-year high on Friday, Bitcoin has entered a consolidation phase around the $30,000 mark in the last 24 hours, » Mudrex co-founder and CEO Edul Patel said on ABP Live. This phase of stabilization follows a strong week in which Bitcoin’s value increased by more than 14 percent, encouraging investors’ optimism. Bitcoin’s price may continue to rise if it maintains its position above the critical US$30,000 mark. Investors and traders should pay particular attention to the support level at $29,500.
According to Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, BTC continues to trade over $30,000 with weekly gains of over 14 percent, despite a decline of 1.6 percent in the previous 24 hours. Investor confidence around institutional inclusion into ETFs is still driving BTC’s price movement. BTC’s price may continue to rise if it stays over $30,000, analysts say. ETH prices have dropped by 0.8 percent in the previous day, although they are still up by over 8% on a weekly basis. It still trades close to the $1,900 anchor level.
Stablecoin trading pairings in cryptocurrency see superior success rates than their fiat equivalents, according to Rajagopal Menon, Vice President of WazirX. This is generally thought to be due to traditional banks’ lack of support for cryptocurrencies. Amid ongoing legal battles in the US, regulatory difficulties with Binance, the largest exchange in the world, now extend to the UK, Belgium, and Brazil. In the past seven days on WazirX, the BNB token has decreased by 2.38 percent.
The co-founder and CEO of Unocoin, Sathvik Vishwanath, stated, « Bitcoin faces a crucial test of $30,000 support in a volatile market. Market players are intently monitoring the important psychological support level of $30,000 as Bitcoin hovers around $30,184. When Bitcoin breaks through this level, it may go in the direction of $28,250, indicating a negative trend. On the other hand, a break over the $31,250 resistance level would open the door to higher price regions for Bitcoin, like $32,000 or even $34,150. Bitcoin is now experiencing a tumultuous market, which might open the door for big price changes in the next days. Traders and investors are preparing for the conclusion.
The trade volume on the cryptocurrency market has significantly increased during the last 24 hours, according to Shivam Thakral, CEO of BuyUCoin. The entire market volume increased significantly by 12.70 percent to $34 billion. Decentralized financing (DeFi) activity in this market represented $3.76 billion in trading volume, or around 11.05 percent of the entire amount of crypto assets traded over the same 24-hour period.
