Bitcoin
Bitcoin Soars Above $69,000, Memecoin DOG Jumps Nearly 25%
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to surpass the US$69,000 mark on Tuesday. Other popular altcoins – including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) – fell into the green across the board as the market’s overall fear and greed index held steady. at 62 (Greed) out of 100, according to data from CoinMarketCap. The mouthful of memecoin DOG•GO•TO•THE•MOON (DOG) continued to be the biggest gainer, with a gain of almost 25% in 24 hours. Axie Infinity (AXS) became the biggest loser with a drop of almost 5% in 24 hours.
The global crypto market capitalization was $2.56 trillion at the time of writing, recording a 0.27% gain in 24 hours.
Bitcoin (BTC) price today
The price of Bitcoin stood at US$69,004.71, registering a jump of 0.40% in 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC was Rs 60.41 lakh.
Ethereum (ETH) price today
ETH price stood at $3,763.06, marking a drop of 1.46% in 24 hours at the time of writing. According to WazirX, the price of Ethereum in India was Rs 3.29 lakh.
Dogecoin (DOGE) price today
DOGE recorded a loss of 1.65% in 24 hours, according to data from CoinMarketCap, currently trading at $0.1581. According to WazirX, the price of Dogecoin in India was Rs 13.75.
Litecoin (LTC) price today
Litecoin fell by 2.10% in 24 hours. At the time of writing, it was trading at $82.06. The price of LTC in India was Rs 7,139.
Ripple (XRP) Price Today
The price of XRP stood at US$0.52, registering a jump of 0.45% in 24 hours. According to WazirX, the price of Ripple was Rs 45.50.
Solana (SOL) price today
Solana’s price stood at US$166.09, marking a gain of 0.60% in 24 hours. According to WazirX, the price of SOL in India was Rs 14,370.
Top Crypto Gainers Today (June 3)
According to data from CoinMarketCap, here are the top five crypto gainers in the last 24 hours:
DOG•GO•TO•THE•MOON (DOG)
Price: $0.009128
24 hour gain: 24.85 percent
Kaspa (KAS)
Price: $0.1747
24 hour gain: 18.80 percent
Notcoin (NOT)
Price: $0.02424
24 hour gain: 17.57 percent
JasmyCoin (JASMY)
Price: $0.03828
24 hour gain: 10.02 percent
Wormhole (W)
Price: $0.6924
24 hour gain: 8.63 percent
Top Crypto Losers Today (June 3)
According to data from CoinMarketCap, here are the top five crypto losers in the last 24 hours:
Axie Infinity (AXS)
Price: $8.04
24 hour loss: 4.64 percent
Gala (GALA)
Price: $0.0448
24 hour loss: 4.60 percent
Decentralized (MANA)
Price: $0.4515
24 hour loss: 4.46 percent
Bitget Token (BGB)
Price: $1.31
24 hour loss: 4.31 percent
Ronin (RON)
Price: $3.15
24 hour loss: 4.10 percent
What cryptocurrency exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin traded above $70,000 on Monday after a week of sideways movement. Since then, it has consolidated about $69,000. The next resistance levels are at $69,300 and $70,400, with support at $67,700. Meanwhile, Ethereum has been holding above $3,700 for several days, indicating that bulls are trying to establish this level as support. The next resistance for Ethereum is $3,900.”
CoinSwitch Markets Desk noted: “BTC stabilizes around the $69k mark, the market structure appears primed for another step towards the all-time highs it reached almost 3 months ago, which is just 6% more than current levels. ETH has also found its base at $3,800 and with ETH ETF trading expected to begin at the end of June, there is not much selling pressure expected either.”
Rajagopal Menon, vice president at WazirX, said: “Ethereum continues to float around the EMA50, which provides strong support. Positive signals are emerging as the stochastic indicator begins to trend positively, suggesting a potential uptrend. If Ethereum breaks below $3,641.82, it could signal a bearish correction, with the next target at $3,360.31. Bitcoin is testing the crucial resistance level at $69,110.00. Breaking this level could push the price higher, with initial targets at $70,645.00 and extending to $73,800.00. The uptrend remains valid as long as Bitcoin remains above $67,080.00.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin (BTC/USD) is trading at $69,300 and showing an uptrend as it remains above the $69,100 support level. Recent crypto asset inflows of $185 million last week and $2 billion in May indicate strong investor confidence. TechDev’s analysis highlights a major breakout against the M1 money supply following the longest period of consolidation in Bitcoin history, suggesting the potential for a substantial price rally. Immediate resistance is at $69,600, additional levels at $70,300 and $70,900. The RSI at 63 suggests a slightly overbought market, but the outlook remains bullish for further gains.”
Shivam Thakral, CEO of BuyUcoin, said: “Bitcoin appears to be gearing up for its next rally as it hits the $70,000 mark following encouraging US inflation data. Weak inflation data sparked debate surrounding the US Fed’s interest rate cut at its next meeting this month. If Bitcoin reaches its all-time high again, we can expect BTC to approach $100,000, as predicted by banking giant Standard Chartered. Macroeconomic factors appear favorable and the current dynamics are expected to continue.”
The CoinDCX research team told ABP Live: “The crypto market saw a small increase, with BTC reaching $70,000. It is currently consolidating between $69,000 and $70,000. ETH is also consolidating, moving between $3,750 and $3,850. Altcoins experienced positive momentum as BTC rose. In terms of indicators, EMAs suggest bullishness for both ETH and BTC. Funding rates are neutral and BTC ETFs continue to see positive net inflows, which is bullish for the crypto market overall.”
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