The cryptocurrency market records a neutral price action over the past 24 hours, suggesting a cool-off in the price action. Moreover, as the market stabilizes, top tokens are back around their important resistance levels in the daily time frames.
Ethereum Gives Hopes as Price test $2500
Today might have been a dull day for crypto, but there is still hope for ethereum bulls as ETH saw a notable increase of approximately 2%. This has resulted in it retesting its important resistance level of $2,500 today. Moreover, with a valuation of $295.27 billion, it continues holding 8.9658% of the market share. With a 13% increase in trading volume in the last 24 hours, interest among traders continues to remain intact.
In parallel, 936,000 ETH options with a notional value of almost $2.3 billion are also set to expire on June 27th. The initial put-call ratio was 0.52, but sentiment has turned slightly bearish for Ethereum, with the put-call ratio in the last 24 hours at 0.95. The max pain point for ETH options is $2,200.
BTC Price Shows A Consolidated Price Action!
The Bitcoin price constantly traded between the $106.75k mark and $108.25k mark today, highlighting a consolidated price action. With a listing price of $107,409 and a daily trading volume of $46.82 billion, the dominance of BTC token has increased 65.1148% with a valuation of $2.137 trillion.
On the other hand, the XRP price has dropped over 3.5% during this period, making it the worst-performing altcoin among the top 10 list. With a listing price of $3.12 and a trading volume of $2.71 billion, the second largest altcoin has a market capitalization of $125.21 billion and a market dominance of 3.816%.
Trending Cryptos Today
- Biswap (BSW)
- Ethereum (ETH)
- Stella (ALPHA)
- Movement (MOVE)
- Wormhole (W)
Top Gainers & Losers Today
| Gainers | Losers |
| DeXe (DEXE): +6.17% | Pi (PI): -14.78% |
| Bitget Token (BGB): +2.56% | Curve Dao Token (CRV): -11.04% |
| Bitcoin Cash (BCH): +2.37% | Kaia (KAIA): -10.28% |
Crypto Market Cap Overview
The cryptocurrency market has displayed a consolidated price action over the last day as it shows a variation of >1% as per readings of CoinMarketCap. Notably, the market valuation has anchored between $3.28 trillion and $3.29 trillion this week with an intraday trading volume of $105.37 billion, a slight drop of 3.72%.
The Fear & Greed index is valued at 50 (neutral) while the altcoin season index is now at 20. This highlights a strong Bitcoin season in the crypto industry.
Traders should closely monitor trading volumes and liquidation data over the next 24 hours for further cues on the upcoming price directions.Â
Also Read: BREAKING: Bitwise Amends S-1 for Dogecoin, Aptos ETFs
