Cryptocurrency Price Today: Bitcoin and Ether prices remain stable while Altcoins show mixed trends

The cryptocurrency market maintained its lackluster trajectory for the third week of June, with cryptocurrencies showing mixed prices in the following week. Bitcoin posted a minor gain of 0.32% on Monday, June 17, according to CoinMarketCap. With this, the price of this asset on international stock exchanges stands at $66,426 (approximately Rs. 55.4 lakh). On Indian exchanges like WazirX and CoinSwitch, meanwhile, Bitcoin’s value stands at $71,504 (around Rs. 59.7 lakh). The asset has been stagnant between these price points for a while now, with no major push expected to lead to changes anytime soon.

“Bitcoin price movement is flattening. Its nearest support level lies at $64,825 (around Rs. 54 lakh), while the next resistance point awaits at $66,978 (around Rs. 66.9 lakh),” Edul Patel, CEO of Mudrex.

Ether The value increased by 3.45% on Monday. With this, Ether is currently trading around the price of $3,232 (around Rs. 2.70 lakh).

“ETH has seen a sharp comeback this week, finding support at its key 50-day moving average (SMA) around $3,415 (around Rs. 2.85 lakh). The next hurdle for the bulls is the 20-day EMA, which currently stands at $3,612 (around Rs. 3 lakh). However, a breakdown below the 20-day EMA and a daily close below the 50-day SMA could trigger a fresh decline towards the crucial support zone around $2,850 (around Rs. 2.38 lakh).” , Rajagopal Menon, vice president of WazirX, told Gadgets360.

Cardan, Tron, Polka dot, Chain shirt, Uniswap, Close to the protocolAND Polygon reflected profits.

Litecoin, Leo, Stellar, CosmosAND Loser it also reported smaller profits.

The overall cryptocurrency market capitalization increased by 0.44% in the last 24 hours. With this, the valuation of the cryptocurrency industry stands at $2.42 trillion (approximately Rs. 2,02,14,054 crore), as shown CoinMarketCap.

A lot of cryptocurrencies also recorded losses on Monday. These include Bind, Ripple, Dogemoneta, Shiba InuAND Avalanche.

Price drops have also hit Chrono, Bitcoin SVAND Elrond.

“Despite a strong job market, the United States, the largest cryptocurrency consumer base, is cautious with its investments in the altcoin market. California will host a meeting in Washington on cryptocurrency regulation, billed as the most significant event to date involving all stakeholders. This is a precursor to the US elections where cryptocurrencies will be a significant pivot for both parties,” Menon added.

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