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Bitcoin Climbs Above $69,000, Memecoin DOG Jumps Nearly 25%

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $69,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the greens across the board as the overall Market Fear & Greed Index stood at 62 (Greed) out of 100, as per CoinMarketCap data. Mouthful of a memecoin DOG•GO•TO•THE•MOON (DOG) continued to be the biggest gainer, with a 24-hour gain of nearly 25 percent. Axie Infinity (AXS) became the biggest loser, with a 24-hour dip of nearly 5 percent. 

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The global crypto market cap stood at $2.56 trillion at the time of writing, registering a 24-hour gain of 0.27 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $69,004.71, registering a 24-hour jump of 0.40 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 60.41 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,763.06, marking a 24-hour dip of 1.46 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.29 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 1.65 percent, as per CoinMarketCap data, currently priced at $0.1581. As per WazirX, Dogecoin price in India stood at Rs 13.75.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 2.10 percent. At the time of writing, it was trading at $82.06. LTC price in India stood at Rs 7,139.

Ripple (XRP) Price Today

XRP price stood at $0.52, seeing a 24-hour jump of 0.45 percent. As per WazirX, Ripple price stood at Rs 45.50.

Solana (SOL) Price Today

Solana price stood at $166.09, marking a 24-hour gain of 0.60 percent. As per WazirX, SOL price in India stood at Rs 14,370. 

Top Crypto Gainers Today (June 3)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

DOG•GO•TO•THE•MOON (DOG)

Price: $0.009128
24-hour gain: 24.85 percent

Kaspa (KAS)

Price: $0.1747
24-hour gain: 18.80 percent

Notcoin (NOT)

Price: $0.02424
24-hour gain: 17.57 percent

JasmyCoin (JASMY)

Price: $0.03828
24-hour gain: 10.02 percent

Wormhole (W)

Price: $0.6924
24-hour gain: 8.63 percent

Top Crypto Losers Today (June 3)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Axie Infinity (AXS)

Price: $8.04
24-hour loss: 4.64 percent

Gala (GALA)

Price: $0.0448
24-hour loss: 4.60 percent

Decentraland (MANA)

Price: $0.4515
24-hour loss: 4.46 percent

Bitget Token (BGB)

Price: $1.31
24-hour loss: 4.31 percent

Ronin (RON)

Price: $3.15
24-hour loss: 4.10 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded above $70,000 on Monday after a week of sideways movement. It has since consolidated around $69,000. The next resistance levels are at $69,300 and $70,400, with support at $67,700. Meanwhile, Ethereum has been holding above $3,700 for several days, indicating that bulls are attempting to establish this level as support. The next resistance for Ethereum is at $3,900.”

CoinSwitch Markets Desk noted, “BTC steadies around the 69k USD mark, the market structure looks poised for another leg up towards all-time highs it reached almost 3 months back, which is just 6% more than the current levels. ETH also has found its base at 3800 USD and with ETH ETF trading expected to start in late June, there’s not much selling pressure expected either.”

Rajagopal Menon, Vice President, WazirX, said, “Ethereum continues to fluctuate around the EMA50, which provides strong support. Positive signs are emerging as the stochastic indicator begins to overlap positively, suggesting a potential bullish trend. If Ethereum breaks below $3,641.82, it could signal a bearish correction, with the next target at $3,360.31. Bitcoin is testing the crucial resistance level at $69,110.00. Breaching this level could drive the price higher, with initial targets at $70,645.00 and extending up to $73,800.00. The bullish trend remains valid as long as Bitcoin stays above $67,080.00.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC/USD) is trading at $69,300 and showing an uptrend as it remains above the $69,100 support level. Recent crypto asset inflows of $185 million in the past week and $2 billion in May indicate strong investor confidence. TechDev’s analysis highlights a major breakout against the M1 money supply after the longest period of consolidation in Bitcoin history, suggesting the potential for substantial price upside. Immediate resistance is at $69,600, further levels at $70,300 and $70,900. The RSI at 63 suggests a slightly overbought market, but the outlook remains bullish for further gains.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin seems to be preparing for its next rally as it touches the $70,000 mark after encouraging US inflation data. The soft inflation data has sparked the debate around the interest rate cut by the US Fed in its next meeting this month. If Bitcoin breaks its all-time high again, we can expect BTC to approach $100,000 as predicted by the banking giant Standard Chartered. The macroeconomic factors are looking favourable and the current momentum is expected to sustain.”

CoinDCX Research Team told ABP Live, “The crypto market saw a small uptick, with BTC touching $70,000. Currently, it’s consolidating between $69,000 and $70,000. ETH is also consolidating, moving between $3,750 and $3,850. Altcoins experienced upside momentum as BTC moved up. Indicator-wise, EMAs suggest bullishness for both ETH and BTC. Funding rates are neutral, and BTC ETFs continue to have net positive inflows, which is bullish for the crypto market overall.”

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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