Cryptocurrency Price Today (June 25): Bitcoin Surpasses $106,000
On June 25, Bitcoin surged above $106,000, contributing to a global market cap of $3.28 trillion. Maple Finance was today’s top gainer, while VIRTUAL suffered significant losses. Industry experts discussed factors supporting Bitcoin’s upward trend amid a volatile market. While altcoins showed mixed results, the overall sentiment remains cautious as geopolitical tensions persist.
On June 25, the cryptocurrency market saw noteworthy changes, especially with Bitcoin making headlines. The oldest and most valued cryptocurrency surpassed the $106,000 mark early in the day, sparking interest among investors. While Bitcoin experienced an increase, a few other popular altcoins like Ethereum and Ripple fluctuated slightly, reflecting mixed market sentiments. CoinMarketCap data revealed that the overall Market Fear & Greed Index rested at a neutral 48 out of 100, indicating a balanced atmosphere among traders. Remarkably, Maple Finance emerged as the standout performer, soaring nearly 21 percent in the past 24 hours. Conversely, VIRTUAL slid down as the biggest loser for a second day, dipping over 5 percent.
The global cryptocurrency market cap clocked in at an impressive $3.28 trillion at the time of reporting, marking a modest 24-hour gain of 1.18 percent. Bitcoin (BTC) was priced at $106,200.92, reflecting a 1.12 percent rise according to CoinMarketCap. In India, the BTC valuation stood at around Rs 91.73 lakh. Meanwhile, Ethereum (ETH) traded at $2,432.58, up 1.08 percent and priced at Rs 2.26 lakh locally.
Other significant cryptocurrencies also posted minor gains. Dogecoin (DOGE) saw a modest growth of 0.66 percent, with a current price of $0.1650 or Rs 15.26 in India. Litecoin (LTC) appreciated slightly, showing a 0.52 percent hike at $85, while Ripple (XRP) stood at $2.17, reflecting a 0.68 percent increase. For Solana (SOL), its price of $145.58 signaled a 0.98 percent rise.
In terms of market movers, CoinMarketCap identified the week’s top gainers. Maple Finance led the pack with a vigorous 20.20 percent surge, along with Sei and Aptos climbing at 15.75 percent and 14.19 percent respectively. Other noteworthy mentions include Pi and Stacks, which gained 12.26 percent and 11.67 percent.
On the flip side, the biggest losers among cryptocurrencies today were led by VIRTUAL Protocol dropping 5.42 percent to $1.58. Bittensor (TAO) fell by 4.19 percent, while Kaia and Cronos also faced declines of roughly 3.99 percent and 2.75 percent. The downturn was rounded out by Artificial Supertintelligence Alliance (FET), which dropped about 2.65 percent.
Industry experts shared their takes on the ongoing market trends. Edul Patel, CEO of Mudrex, noted that Bitcoin’s recent upwards momentum indicates robust buying interest, fueled by favorable economic signals from the Federal Reserve. A firm on-chain buy volume could propel Bitcoin past the $108,000 mark if sustained. CoinSwitch’s Markets Desk highlighted improved geopolitical tensions aiding market sentiment, thereby impacting ETH positively as well.
Avinash Shekhar from Pi42 pointed to the sustained demand for Bitcoin, even as profit-takers stepped back following an intense rally. He emphasized a healthy market interest currently supporting Bitcoin’s price, hinting at a possible push towards the $110,000 mark. On the contrary, perspective from CoinDCX indicated that while Bitcoin aimed for bullish gains, some altcoins displayed sluggish performances amid recent price movements.
In light of global tensions, Srinivas L from 9Point Capital addressed the volatility in Bitcoin, stating that traders should brace for potential fluctuations as uncertainty remains in the air. As we wrap up today’s market overview, it is crucial to remind investors about the nature of crypto transactions and risks involved.
Readers are encouraged to follow ABP Live for ongoing updates and insights into the cryptocurrency world, with a note that this market remains speculative and investment caution is advised.
In summary, the cryptocurrency market is witnessing a mix of gains and losses, with Bitcoin’s rise above $106,000 drawing attention from traders. Despite some altcoins struggling, notable gainers like Maple Finance are highlighted amidst shifting market sentiments influenced by geopolitical factors. Experts warn about volatility, suggesting traders stay vigilant. Overall, investors are reminded to approach this highly speculative market with caution and to remain informed about risks.
Original Source: news.abplive.com
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