Bitcoin (BTC) – the oldest and most valuable cryptocurrency in the world – managed to keep its value above $30,000 over the weekend, despite minor losses across the price charts for other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL). PancakeSwap (CAKE) was the biggest winner of the bunch, with a 24-hour jump of almost 10 percent.
At the time of writing, the global crypto market cap was at $1.18 trillion, registering a 24-hour dip of 1.15 percent.
Bitcoin (BTC)
The price of BTC stood at $30,316.61, with a 24-hour loss of 1.56 percent, according to CoinMarketCap. In India, the price was at Rs 26.20 lakh on the WazirX exchange.
Ethereum (ETH)
The price of ETH stood at $1,880.07, dropping 1.03 percent in the past 24 hours, as per CoinMarketCap. In India, ETH was priced at Rs 1.61 lakh on WazirX.
Dogecoin (DOGE)
DOGE had a 24-hour dip of 2.54 percent, with its current value at $0.06594 on CoinMarketCap. In India, the price was at Rs 5.70 on WazirX.
Litecoin (LTC)
LTC had a 24-hour loss of 3.09 percent, trading at $87.31. The price in India was Rs 7,417 on WazirX.
Ripple (XRP)
XRP was at $0.4848, dipping 1.09 percent in the past 24 hours. On WazirX, XRP in India was at Rs 41.90.
Solana (SOL)
SOL’s price stood at $16.75, with a 24-hour dip of 1.49 percent. On the WazirX exchange, the price in India was Rs 1,480.
Top Crypto Gainers (June 26)
CoinMarketCap data reveals the top five crypto gainers in the last 24 hours:
PancakeSwap (CAKE) – Price: $1.57 | 24-hour gain: 9.46 percent
Uniswap (UNI) – Price: $5.32 | 24-hour gain: 7.68 percent
ApeCoin (APE) – Price: $2.48 | 24-hour gain: 7.44 percent
Synthetix (SNX) – Price: $2.14 | 24-hour gain: 5.40 percent
dYdX (DYDX) – Price: $1.94 | 24-hour gain: 2.41 percent
Top Crypto Losers (June 26)
CoinMarketCap data reveals the top five crypto losers in the last 24 hours:
Ziliqa (ZIL) – Price: $0.02012 | 24-hour loss: 6.41 percent
Decentraland (MANA) – Price: $0.3826 | 24-hour loss: 5.85 percent
Bitcoin Cash (BCH) – Price: $195.60 | 24-hour loss: 5.82 percent
Conflux (CFX) – Price: $0.2293 | 24-hour loss: 5.34 percent
eCash (XEC) – Price: $0.00002357 | 24-hour loss: 5.17 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel said that after Bitcoin surged past the significant milestone of $31,000 and reaching a one-year high on Friday, it has entered a consolidation phase around the $30,000 mark in the last 24 hours. He noted that if BTC stays above $30,000, it may see further positive price action.
Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said that despite a fall of 1.6 percent in the last 24 hours, BTC remains above the $30,000 mark with weekly gains of over 14 percent. He said Ethereum has lost some steam, with prices down 0.8 percent in the last 24 hours but a weekly gain of 8 percent.
Rajagopal Menon, Vice President of WazirX, stated that stablecoin trading pairs in crypto witness better success rate than fiat counterparts due to lack of support from traditional banks towards crypto. He also noted that the BNB token is down 2.38 percent in the past seven days on WazirX.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said that Bitcoin is now facing a critical test of $30,000 support amid a choppy market. He added that if Bitcoin breaks below this level, it could potentially push the coin towards the $28,250 mark, signalling a bearish trend.
Shivam Thakral, the CEO of BuyUCoin, revealed that the cryptocurrency market has experienced a significant surge in trading volume over the past 24 hours, with the total market volume reaching $34 billion, reflecting a substantial increase of 12.70 percent. The DeFi sector alone accounted for $3.76 billion in trading volume, which is approximately 11.05 percent of the total crypto market volume over the same 24-hour period.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer documents along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
