Bitcoin
Bitcoin Soars Above $68,000, Notcoin Remains Biggest Gainer
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to surpass the US$68,000 mark on Wednesday morning. Other popular altcoins – including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) – saw small gains overall as the market’s overall Fear and Greed Index stood at 63 (Greed) of 100, according to data from CoinMarketCap. The Notcoin (NOT) token remained the biggest gainer for the second day in a row, with a jump of over 25% in 24 hours. PENDLE became the biggest loser with a drop of over 6% in 24 hours.
The global crypto market capitalization stands at $2.58 trillion at the time of writing, recording a gain of 1.41% in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at US$68,652.23, registering a jump of 1.33% in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC was Rs 59.42 lakh.
Ethereum (ETH) price today
ETH price stood at $3,871.37, marking a 0.50% gain in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India was Rs 3.33 lakh.
Dogecoin (DOGE) price today
DOGE registered a 2.47% jump in 24 hours, according to data from CoinMarketCap, currently trading at US$0.169. According to WazirX, the price of Dogecoin in India was Rs 14.50.
Litecoin (LTC) price today
Litecoin gained 0.94% in 24 hours. At the time of writing, it was trading at $83.99. The price of LTC in India was Rs 7,100.46.
Ripple (XRP) Price Today
The price of XRP stood at US$0.5299, registering a jump of 0.97% in 24 hours. According to WazirX, the price of Ripple was Rs 46.09.
Solana (SOL) price today
Solana’s price stood at $171.63, marking a gain of 3.14% in 24 hours. According to WazirX, the price of SOL in India was Rs 14,700.
Top Crypto Gainers Today (May 29)
According to data from CoinMarketCap, here are the top five crypto gainers in the last 24 hours:
Notcoin (NOT)
Price: $0.009743
24 hour gain: 25.95 percent
dog with hat (WIF)
Price: $3.94
24 hour gain: 21.34 percent
Celestia (AUNT)
Price: $11.46
24 hour gain: 17.97 percent
Shiba Inu (SHIB)
Price: $0.00002864
24 hour gain: 15.76 percent
Meme Book (BOME)
Price: $0.01546
24 hour gain: 14.49 percent
Top Crypto Losers Today (May 29)
According to data from CoinMarketCap, here are the top five crypto losers in the last 24 hours:
Pendle (PENDLE)
Price: $6.47
24 hour loss: 6.26 percent
Lido DAO (LDO)
Price: $2.33
24 hour loss: 4.22 percent
Arweave (AR)
Price: $38.46
24 hour loss: 2.60 percent
KuCoin Token (KCS)
Price: $10.25
24 hour loss: 1.37 percent
Bittensor (TAO)
Price: US$419.65
24 hour loss: 1.18 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin consolidates at the $68,000 level following the $9 billion transfer from Mt. Gox yesterday. However, there is an important uptrend line at the $67,600 support. If there is a further increase, the next resistance would be at $68,800 and then $69,550. If Bitcoin fails to rise above, the next support will be at the $67,600 level and then $67,500. On the other hand, Ethereum continued to trade at the $3,800 level.”
CoinSwitch Markets Desk noted: “After falling below $67.5K, BTC recovered very quickly to reclaim the $68K mark as BTC continues to trade in the tight range it formed. Selling pressure on BTC appears to be coming from the transfer of around 140,000 BTC worth over $9 billion from the defunct Mt Gox exchange to an unknown address. Mount Gox. The largest bitcoin exchange of 2014 is expected to return Bitcoin holdings to its creditors by October 31, 2024. As the purchase price of these cryptocurrencies is around 700 dollars, investors have gains of around 100x and should sell some of their holdings upon receiving Bitcoin back.”
Rajagopal Menon, Vice President of WazirX, said: “The value of Bitcoin has plummeted to $68,725, triggering anxiety among investors. Short-term liquidations above $70,000 increase market volatility. Bitcoin fell $2,000 before stabilizing around $68,700. Analysts warn that if Bitcoin does not surpass $69,000, it could fall further. Immediate support is near $67,650, increasing market uncertainty amid recent price swings.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin bulls remain bullish despite the recent 2% price drop due to Mt.Gox coin movements. QCP Capital sees the decline as a minor setback in the ongoing uptrend, citing strong performance in US stocks, political support and the upcoming Ether ETF as key bullish factors. Analysts highlight the main limit at $68,383 with resistance at $69,566 and support at $68,127. The RSI at 49.37 suggests neutral sentiment, while the rising trendline supports further gains. Fundstrat predicts that Bitcoin could reach $150,000 by the end of the year, emphasizing patience and potential momentum above $70,000.”
Shivam Thakral, CEO of BuyUcoin, said: “The crypto market has remained volatile, with BTC and ETH witnessing marginal swings in their prices. BTC fell below the $68,000 mark but quickly recovered to the $68,800 mark, holding a critical support level at $68K. Ethereum, on the other hand, fell below the $3,900 mark despite the euphoria surrounding the buzz surrounding the ETF approval. The meme coin space is gaining good traction with SHIB increasing by almost 16% in just 24 hours. The market is expected to remain volatile in the coming weeks due to uncertain macroeconomic conditions.”
The CoinDCX research team told ABP Live: “The crypto market has been volatile due to news of Mt. Gox’s BTC transfer, causing many altcoins to crash. BTC is stuck between $68,000 and $69,000, with near-term price action looking uncertain, although it remains strong and bullish on the higher time frame. ETH is also following the path of BTC and hovering in a range. The meme category is currently outperforming the market. Notably, the US Q GDP announcement tomorrow could induce further volatility.”
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