Crypto Market Watch: Bitcoin, Ether and Most Cryptocurrencies Incur Minor Losses as Sector Stays Shaky

Bitcoin’s trading value stayed at a healthy price point of $30,380 (roughly Rs. 24.9 lakh) as of June 27.

Written by Radhika Parashar, Edited by Manas Mitul | Updated: 27 June 2023 11:26 IST

Crypto Market Watch: Bitcoin, Ether and Most Cryptocurrencies Incur Minor Losses as Sector Stays Shaky

Photo Credit: Pixabay/ Dean Crosby

The crypto market cap stands unchanged at $1.18 trillion

Highlights

Cosmos, Uniswap saw losses
Polygon minted gains
DOGE, SHIB reeled-in losses

Bitcoin on Tuesday, June 27, incurred a small loss of 0.13 percent alongside majority other cryptocurrencies. Amid a shaky crypto market, Bitcoin's trading value stayed at a healthy price point of $30,380 (roughly Rs. 24.9 lakh). This is the second consecutive day that the most expensive cryptocurrency has managed to maintain its price above the mark of $30,000 (roughly Rs. 24.3 lakh). In the last 24 hours, the value of Bitcoin notably dropped by $69 (roughly Rs. 5,656).

Ether walked into losses alongside Bitcoin on Tuesday. With a minor dip of 0.75 percent, Ether is presently trading at $1,863 (roughly Rs. 1.5 lakh). The second most valued cryptocurrency, ETH lost $10 (roughly Rs. 820) from its last day's pricing.

“Market experts predict July gains for Bitcoin based on historical data,” Rajagopal Menon, Vice President, WazirX, told Gadgets 360.

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As per the crypto price tracker by Gadgets 360, most of the popular altcoins found themselves struck by small losses today.

These include Tether, Binance Coin, USD Coin, Ripple, Cardano, and Dogecoin.

Price tumbles were also recorded by Solana, Polkadot, Avalanche, Shiba Inu, Chainlink, Cosmos, and Uniswap.

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The overall valuation of the crypto sector showed no changes in the last 24 hours and retained its capitalisation at $1.18 trillion (roughly Rs. 96,87,576 crore), as per CoinMarketCap.

The crypto fear and greed index has climbed four points to remain in the greed zone with a score of 59/100.

Meanwhile, some cryptocurrencies did reflect small but significant profits on Tuesday.

These include Tron, Litecoin, Polygon, and Bitcoin Cash.

Monero, Stellar, Near Protocol, EOS Coin, Iota, Zcash, Dash, and Zilliqua also managed to record profits.

“With Sensex in India recently reaching all-time highs and S&P 500 in the USA reaching a 15-month high, investors' interest in alternate asset classes is also brewing. While BTC dominance is also consolidating around its two-year high of 51.7 percent, some altcoins have also started rallying. This includes Bitcoin Cash (BCH) which has registered gains of over 100 percent in the last seven days,” Shubham Hudda, Senior Manager, CoinSwitch Markets Desk, told Gadgets 360. “It could be attributed to the institutional interest it has amassed after getting listed on Fidelity, Schwab, and Citadel-backed EDX Markets recently,” he added.

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Cryptocurrency Prices across Indian exchanges

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Further reading: Cryptocurrency, Bitcoin, Ether, Qutm, Wrapped Bitcoin, Zcash, Tether, USD Coin, Ripple, Binance USD, Binance Coin, Cardano, Polygon, Solana, Polkadot, Dogecoin, Shiba Inu, Litecoin, Uniswap, Tron, Monero, Dash, Bitcoin Cash, Flex, Cartesi, Braintrust, Kishu Inu, Circuits of Value

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More