Markets
Bitcoin exceeds $68,000, Notcoin remains the first winner
Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, managed to surpass the $68,000 mark early on Wednesday. Other popular altcoins – including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) – saw minor gains across the board as the overall Fear Index and The market’s greed rating stood at 63 (Greed) out of 100, according to CoinMarketCap data. The Notcoin (NOT) token remained the biggest gainer for the second day in a row, surging more than 25% over 24 hours. PENDLE became the biggest loser, down more than 6% over 24 hours.
The global crypto market cap stood at $2.58 trillion at the time of writing, recording a 24-hour gain of 1.41%.
Bitcoin (BTC) price today
Bitcoin price stood at $68,652.23, registering a 1.33% jump over 24 hours, according to CoinMarketCap. According to Indian exchange WazirX, the price of BTC stood at Rs 59.42 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,871.37, representing a 24-hour gain of 0.50% at the time of writing. According to WazirX, the price of Ethereum in India stood at Rs 3.33 lakh.
Dogecoin (DOGE) Price Today
DOGE recorded a 2.47% jump over 24 hours, according to data from CoinMarketCap, currently priced at $0.169. According to WazirX, the price of Dogecoin in India stood at Rs 14.50.
Litecoin (LTC) price today
Litecoin recorded a 24-hour gain of 0.94%. At the time of writing, it was trading at $83.99. The price of LTC in India stood at Rs 7,100.46.
Ripple (XRP) price today
XRP price stood at $0.5299, a 24-hour jump of 0.97%. According to WazirX, the Ripple price stood at Rs 46.09.
Solana (SOL) Price Today
Solana price stood at $171.63, representing a 24-hour gain of 3.14%. According to WazirX, the SOL price in India stood at Rs 14,700.
Top Crypto Gainers Today (May 29)
According to CoinMarketCap data, here are the top five gainers in crypto over the past 24 hours:
Notcoin (NOT)
Price: $0.009743
Gain over 24 hours: 25.95 percent
dog hat (WIF)
Price: $3.94
Gain over 24 hours: 21.34 percent
Celestia (TIA)
Price: $11.46
Gain over 24 hours: 17.97 percent
Shiba Inu (SHIB)
Price: $0.00002864
Gain over 24 hours: 15.76 percent
Meme Book (BOME)
Price: $0.01546
Gain over 24 hours: 14.49 percent
Top Crypto Losers Today (May 29)
According to CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pendle (PENDLE)
Price: $6.47
Loss over 24 hours: 6.26 percent
Lido DAO (LDO)
Price: $2.33
Loss over 24 hours: 4.22 percent
Arweave (AR)
Price: $38.46
Loss over 24 hours: 2.60 percent
KuCoin Token (KCS)
Price: $10.25
Loss over 24 hours: 1.37 percent
Bittensor (TAO)
Price: $419.65
Loss over 24 hours: 1.18 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Bitcoin is consolidating at the $68,000 level after Mt. Gox moved $9 billion yesterday. However, there is a key uptrend line at support at $67,600. If there is a further rise, the next resistance would be at $68,800 and then $69,550. If Bitcoin fails to climb 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 quite quickly to regain the $68K mark as BTC continues to trade within the tight range it formed . The selling pressure on BTC appears to come from the transfer of approximately 140,000 BTC worth over $9 billion from the now-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. Since the purchase price of these cryptocurrencies is around $700, investors are at around 100 times earnings and are expected to sell some of their holdings. by recovering the Bitcoin.
Rajagopal Menon, Vice President of WazirX, said: “The value of Bitcoin fell to $68,725, sparking investor anxiety. Short-term sales above $70,000 add to market volatility. Bitcoin fell $2,000 before stabilizing around $68,700. Analysts warn that if Bitcoin does not rise above $69,000, it could fall further. Immediate support is near $67,650, adding to market uncertainty amid recent price swings.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin bulls remain optimistic despite the recent 2% price drop due to Mt.Gox coin movements. QCP Capital views the decline as a minor setback in the ongoing uptrend, citing strong performance in U.S. stocks, political support and the upcoming Ether ETF as key bullish factors. Analysts highlight the key boundary at $68,383 with resistance at $69,566 and support at $68,127. The RSI at 49.37 suggests neutral sentiment, while the uptrend line 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 experiencing marginal fluctuations in their prices. BTC fell below the $68,000 mark but quickly returned to the $68,800 mark, maintaining a critical support level of $68,000. Ethereum, on the other hand, fell below the $3,900 mark despite the euphoria around the ETF approval buzz. The Meme coin space is seeing good popularity with SHIB surging 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 the news of Mt. Gox moving BTC, causing many altcoins to fall. BTC is stuck between $68,000 and $69,000, with near-term price action looking uncertain, although it remains strong and bullish in the longer term. ETH is also following the path of BTC and is in a range. The meme category is currently outperforming the market. In particular, tomorrow’s US GDP announcement could lead to more volatility.
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