Crypto Price Today: Bitcoin and Ether Steady Amid Volatility, Most Altcoins Hit by Recession

The cryptocurrency market is witnessing volatility across most cryptocurrencies on Wednesday, June 26. Bitcoin witnessed a minor dip of 0.29 percent that took its price down from $63,200 (roughly Rs. 52.8 lakh) to $61,752 (roughly Rs. 51.5 lakh) on foreign exchanges like CoinMarketCap. Meanwhile, on domestic exchanges, Bitcoin’s value is hovering at $60,145 (roughly Rs. 50.2 lakh) mark. However, the Bitcoin chart needs significant selling pressure on the downside to test $70,000 (roughly Rs. 58.4 lakh) again.

“Bitcoin after testing $58,000 (roughly Rs. 48.4 lakh) on Monday has recovered to $62,000 (roughly Rs. 51.9 lakh) in the last 24 hours. This move coincided with a rally in Nvidia and the Nasdaq Composite, which experienced their worst days since April in the previous session,” Edul Patel, CEO of Mudrex, told Gadgets360.

Ether showed a small price increase of 2.63 percent in the cryptocurrency price tracker on Wednesday. Ether, at the time of writing, was trading at $3,725 (roughly Rs. 3.11 lakh) on domestic exchanges and $3,387 (roughly Rs. 2.82 lakh) on international ones.

“The sharp drop is unexpected in light of the anticipated approval of spot Ether exchange-traded funds (ETFs) in the US in July, which fueled optimism for a significant price recovery. Following significant price movements year-to-date, ETH after breaking above the ‘Descending Triangle’ pattern rallied to $3,977 (roughly Rs. 33 lakh) and started consolidating in a range of $3,900 (roughly Rs. 3.25 lakh) to $3,700 (roughly Rs. 3.08 lakh),” ZebPay Trade Desk told Gadgets360.

As of Wednesday, cryptocurrencies trading at a loss include Binance Coin, Curling, Tron, Next Protocol, Uniswap, Polygon, LionIt is Cosmos.

Meanwhile, cryptocurrencies trading profits include Mooring, Solana, Dogecoin, Cardano, Shiba InuIt is Avalanche.

Chain link, Polka dot, Litecoin, Stellar, Bitcoin SVIt is Elrond it also managed to maintain small gains on the price charts.

The overall crypto market managed to increase by 0.91% in valuation over the last 24 hours. As of Wednesday, the crypto market cap stood at $2.28 trillion (roughly Rs. 1,90,34,922 crore), shows CoinMarketCap.

“In altcoins, memecoins continued to dominate the day’s top moves, with Coinbase L2’s leading memecoin BRETT and Ethereum’s PEPE topping the charts. Both memecoins are inspired by artist Matt Furie’s comic book series ‘The Boy’s Club,’” CoinSwitch Markets Desk told Gadgets360.

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