Bitcoin (BTC), the oldest and the most valued cryptocurrency worldwide, dipped listed below the $26,000 mark over the weekend. Ethereum (ETH) did the same, losing its $1,800 mark too. Other popular altcoins — consisting of the similarity Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of red and green throughout the board. While memecoin PEPE continued to be the greatest loser, with a 24-hour dip of over 6 percent, Flare (FLR) emerged to be the greatest gainer of the lot, with a small 24-hour dive of almost 3 percent, representing the bearish state of mind of the marketplace.
The international crypto market cap stood at $1.05 trillion at the time of composing, signing up a 24-hour loss of 0.32 percent.
Bitcoin (BTC) Price Today
Bitcoin cost stood at $25,808.64, signing up a 24-hour gain of 0.36 percent, according to CoinMarketCap. According to Indian exchange WazirX, BTC cost stood at Rs 23.48 lakh.
Ethereum (ETH) Price Today
ETH cost stood at $1,736.76, marking a 24-hour loss of 0.80 percent at the time of composing. As per WazirX, Ethereum cost in India stood at Rs 1.60 lakh.
Dogecoin (DOGE) Price Today
DOGE signed up a 24-hour dip of 1.63 percent, according to CoinMarketCap information, presently priced at $0.0607. As per WazirX, Dogecoin cost in India stood at Rs 5.60.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.21 percent. At the time of composing, it was trading at $76.25. LTC cost in India stood at Rs 7,050.
Ripple (XRP) Price Today
XRP cost stood at $0.5148, seeing a 24-hour dive of 1.57 percent. As per WazirX, Ripple cost stood at Rs 47.80.
Solana (SOL) Price Today
Solana cost stood at $15.15, marking a 24-hour loss of 2.88 percent. As per WazirX, SOL cost in India stood at Rs 1,600.
Top Crypto Gainers Today (June 12)
As per CoinMarketCap information, here are the leading 5 crypto gainers over the previous 24 hr:
Flare (FLR)
Price: $0.01634
24-hour gain: 2.70 percent
Aptos (APT)
Price: $6.15
24-hour gain: 2.64 percent
Polygon (MATIC)
Price: $0.6234
24-hour gain: 2.62 percent
Mask Network (MASK)
Price: $3.56
24-hour gain: 2.25 percent
BitTorrent(New) (BTT)
Price: $0.0000005374
24-hour gain: 3.28 percent
Top Crypto Losers Today (June 12)
As per CoinMarketCap information, here are the leading 5 crypto losers over the previous 24 hr:
Pepe (PEPE)
Price: $0.0000008631
24-hour loss: 6.41 percent
GMX (GMX)
Price: $42.16
24-hour loss: 6.18 percent
OKB (OKB)
Price: $39.30
24-hour loss: 5.72 percent
THORChain (RUNE)
Price: $0.888
24-hour loss: 5.45 percent
The Graph (GRT)
Price: $0.09668
24-hour loss: 5.34 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Even amidst regulatory challenges and liquidity issues in the market, BTC and ETH have shown a strong resilience. BTC, trading around $25,700, continues to hold its $25,000 psychological support. More so, BTC’s dominance is nearing the 50 percent mark for the first time since April 2021. This is happening against the backdrop of selling pressure within altcoins, particularly those mentioned in the SEC lawsuit, including SOL, ADA and MATIC. ETH, down 1.2 percent in the last 24 hours, is currently trading above $1,700.”
Rajagopal Menon, Vice President, WazirX, provided his take, “United States regulators target crypto exchanges, identifying significant altcoins securities. Yet, crypto reveals durability. Bitcoin begins the week at $25,912 and Ether at $1,748. Liquidity has actually intensified due to institutional financiers leaving in the middle of SEC examination issues. Despite S&P 500’s month-to-month highs, the crypto market stays frustrating. On WazirX, Ethereum Naming Service (ENS) and pNetwork (PNT) have actually been the leading gainers in the last 24 hr.”
Sathvik Vishwanath, CEO and co-founder, Unocoin said, “Prominent financial services company Robinhood caused a significant drop in several top blockchain-based cryptocurrencies overnight when it announced the removal of Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform. The move coincides with recent lawsuits filed by the US Securities and Exchange Commission (SEC) against major exchanges Binance and Coinbase, namely ADA, MATIC, and SOL. Market concerns about the SEC’s actions further intensified as Binance’s native BNB token saw a significant 9.5 percent drop in the past 24 hours. The overall sentiment in the market is one of uncertainty and volatility, with flagship cryptocurrencies such as Bitcoin and Ethereum also affected, with losses of 3.48 percent and 5.55 percent, respectively.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is yet to respond to the US Fed’s decision to pause rate hikes. It is important to note that US Fed has increased interest rates by 500 basis points since it started its war against inflation and prevent the economy from slipping into possible recession. The crypto market may respond positively to the latest development related to rate hikes in the coming weeks but the real relief will come if interest rates are brought down to boost market liquidity. BTC and ETH remained almost flat with marginal fluctuations during the 24 hours.”
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