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.
Bitcoin Price Chart, Source: CoinMarketCap 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.
