Connect with us

Crypto

Cryptocurrency Price Today: Bitcoin Climbs Above $71,000, FLOKI Becomes Top Gainer

Published

on

Cryptocurrency Price Today: Bitcoin Climbs Above $71,000, FLOKI Becomes Top Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $71,000 mark early Wednesday. 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 65 (Greed) out of 100, as per CoinMarketCap data. Memecoin FLOKI emerged to be the biggest gainer, with a 24-hour jump of nearly 24 percent. Wormhole (W) became the biggest loser, with a 24-hour dip of nearly 8 percent. 

The global crypto market cap stood at $2.63 trillion at the time of writing, registering a 24-hour gain of 2.70 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $71,003.22, registering a 24-hour jump of 3 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 61.18 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,789.52, marking a 24-hour gain of 0.93 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.27 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour gain of 3.27 percent, as per CoinMarketCap data, currently priced at $0.1625. As per WazirX, Dogecoin price in India stood at Rs 13.71.

Advertisement

Litecoin (LTC) Price Today

Litecoin saw a 24-hour jump of 2.32 percent. At the time of writing, it was trading at $83.82. LTC price in India stood at Rs 7,126.77.

Ripple (XRP) Price Today

XRP price stood at $0.525, seeing a 24-hour jump of 1.08 percent. As per WazirX, Ripple price stood at Rs 45.50.

Solana (SOL) Price Today

Solana price stood at $174.02, marking a 24-hour gain of 5.44 percent. As per WazirX, SOL price in India stood at Rs 14,302.01. 

Top Crypto Gainers Today (June 4)

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

FLOKI (FLOKI)

Advertisement

Price: $0.0003267
24-hour gain: 23.60 percent

Uniswap (UNI)

Price: $11.21
24-hour gain: 17.84 percent

ORDI (ORDI)

Price: $55.17
24-hour gain: 16.15 percent

Advertisement

Stacks (STX)

Price: $2.23
24-hour gain: 13.30 percent

Binance (BNB)

Price: $704.53
24-hour gain: 11.49 percent

Top Crypto Losers Today (June 4)

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

Advertisement

Wormhole (W)

Price: $0.6388
24-hour loss: 7.74 percent

Notcoin (NOT)

Price: $0.02264
24-hour loss: 6.59 percent

Ethena (ENA)

Price: $0.9599
24-hour loss: 2.99 percent

Advertisement

Flare (FLR)

Price: $0.02846
24-hour loss: 1.72 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 hovered above the $70,000 with inflows into Bitcoin spot ETFs. Over the past 30 days, it has consistently held its key support level of $60,000, a crucial benchmark for traders. Showing positive momentum, Bitcoin may continue to rise. The next resistance level is at $71,200, with support at $69,400. Investors and traders are also eagerly anticipating the release of US jobs data on Friday.”

Advertisement

CoinSwitch Markets Desk noted, “With BTC soaring towards the all-time highs with the market sentiment being as bullish as it could have been with Ether ETF coming out soon, the Bitcoin ETF has now had 15 consecutive days of net inflows with Blackrock’s iBit now holding more than 20 billion dollars worth of assets under management for the first time, out of which around 2.4 billion dollars coming in the last month, making it the third largest inflow in the entire ETF market.”

Rajagopal Menon, Vice President, WazirX, said, “Bitcoin indicates a strong buy sentiment as it was able to cross its latest resistances and find new support levels. Bitcoin briefly hit $71,040 before pulling back, a key price level that traders are watching as it approaches its all-time high of $73,679. US spot Bitcoin ETFs too experienced their second-largest net inflow totaling $887 million. Fidelity Wise, BlackRock and ARK 21 shares led the pack. Besides these factors, the buzz around ETFs extending beyond USA to Hong Kong, Australia also generated an optimistic buzz in the market.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “During the US session, Bitcoin came close to $71,000, but failed to sustain it and closed at $70,250. The recent Job Openings and Labor Turnover Survey (JOLTS) showed a decline in jobs, indicating a cooling labor market, which may drive investors to Bitcoin. Bitcoin broke out of a symmetrical triangle pattern at $69,000, indicating a bullish trend. The pivot point is at $68,450, with immediate resistance at $71,200. The RSI at 66.95 indicates overbought conditions, indicating a potential near-term downside. Key levels to watch are the pivot point at $68,450 and resistance at $71,200.”

Shivam Thakral, CEO of BuyUcoin, said, “The Bitcoin price continued to head north as it breached the psychological barrier of $70,000 in early trade. Ethereum, which follows the BTC trail also witnessed a marginal jump in its value and surpassed the $3,800 mark. The spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence. The strong demand from institutional investors is driving the Bitcoin prices currently and positive macroeconomic factors will help the crypto market to sustain the momentum in the coming weeks.” 

CoinDCX Research Team told ABP Live, “BTC now needs to clear its ATH level at around $73,500 to break the range and form a new ATH. Funding rates are still neutral, which is positive. Technically, the price action looks bullish. The only concern is that on March 12, when ETF inflows peaked, BTC formed a local top. However, the chances of a local top forming now seem unlikely as other indicators are bullish.”

Advertisement

Subscribe And Follow ABP Live On Telegram: t.me/officialabplive

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.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Crypto

Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade

Published

on

Electrocoin launches new cryptocurrency exchange platform, Electrocoin Trade

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Croatia’s top crypto exchange, Electrocoin, launches Electrocoin Trade, a crypto exchange platform for EU clients.

One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU.

The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users get to entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also get access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.

Regardless of the new service, Electrocoin decided to keep the old service as well – any adult citizen in the EU can buy, sell, or trade cryptocurrencies up to 1000 euros without verification or prior registration on the platform. This way, Electrocoin wanted to ensure their existing and future users had an option where they could still access crypto even if they would rather not register with the new platform. This service is possible due to regulatory approval for KYC-less money exchange under certain thresholds.

Advertisement

The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service – paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies – as long as the payment recipient has a bank account number.

Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out.

To get started, visit the Electrocoin Trade website.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Advertisement
Continue Reading

Crypto

Best Crypto Presales To Buy This 2024: What Are The Top Cryptocurrency Presales?

Published

on

Best Crypto Presales To Buy This 2024: What Are The Top Cryptocurrency Presales?

The cryptocurrency landscape is buzzing with excitement in 2024 with several groundbreaking token projects emerging through crypto presales. For those with a passion for all things crypto, spotlighting these upcoming marvels is essential to find projects to join early on. Yet, with so many emerging projects, it can be challenging to identify the best ones.

This blog post is your ultimate guide, focusing on the not-to-be-missed crypto presales of 2024. With the aid of thorough analysis and the most recent market buzz, let’s uncover the aspirations and features of the best crypto presales of 2024: ButtChain, Bitbot, WienerAI, Gas Wizard, and DarkLume.

Crypto Buyer’s Guide: 5 Best Crypto Presales in 2024

  1. ButtChain (BUTT)

The amazing new meme coin ButtChain has recently launched its presale! Crafted on the cutting-edge Polygon blockchain, ButtChain introduces two liquidity innovations that promise seamless trading:

  • Auto Liquidity: This genius mechanism automatically allocated 20% of presale funds to Uniswap, guaranteeing solid liquidity right from launch to ensure smooth trading.
  • Liquidity Farming: This nifty strategy imposes a 5% transaction fee, funneled into the Uniswap liquidity pool. A slice of this fee also fuels token burning, igniting a deflationary ecosystem that creates token scarcity. What a genius feature!

Unlike most other presales, ButtChain guarantees immediate token delivery directly to the buyer’s wallet upon purchase thanks to its Direct-to-Contract feature. This helps users avoid the typical chaos of claiming tokens at launch.

But wait – there’s more! With the Share and Earn Program, earning crypto has never felt so easy! Sign up as a referrer today and share the project with your friends to start reaping your rewards in MATIC!

  1. Bitbot (BB)

Bitbot is reshaping the trading scene. This non-custodial, Telegram-based platform marries ease-of-use with top-tier security, tailor made for privacy-minded traders.

  1. WienerAI (WIENERAI)

WienerAI is on a mission to redefine meme coins with its AI-infused strategy. It offers MEV-free swaps and predictive trading insights, thrilling both tech aficionados and pet lovers. 

  1. Gas Wizard (GWIZ)

Say goodbye to hefty crypto gas fees with Gas Wizard. This platform’s smart gas optimization hacks mean more economical transactions and a smoother trading experience.

  1. DarkLume (DLUME)

Step into luxury with DarkLume VR’s metaverse. Crafted for sophisticated adventures, DLUME currency unlocks social events, rewards, and a virtual nightlife to die for.

How do crypto presales work?

Crypto presales offer the golden opportunity for enthusiasts to snap up tokens before they hit the general market. Most of these presales frequently throw out tokens at exclusive prices or with exclusive perks, granting early birds a peek into the project’s ecosystem.

What factors should you consider in a crypto presale in 2024?

When evaluating a crypto presale in 2024, it’s essential to conduct thorough independent research and due diligence. Key areas of focus should include the project’s underlying technology, the level of support and engagement from the community, as well as the project’s capabilities for scalability and adoption in the wider market. It is also important to ensure that the project has been audited by a reputable company, like ButtChain which has been audited by SolidProof. 

Advertisement

What are the Top Cryptocurrency Presales?

Based on our research, the best cryptocurrency presales of 2024 are ButtChain, BitBot, WienerAI, Gas Wizard, and DarkLume. Among these, ButtChain elevates itself with its unique blend of humor and innovation.

Conclusion on the Best Crypto Presales to Buy This 2024

ButtChain, Bitbot, WienerAI, Gas Wizard, and DarkLume shine as the best crypto presale to buy in 2024, each bringing their unique spice to the market. This analysis-rich article shines a light on the must-watch factors in these presales, arming crypto enthusiasts with precious insights. 

It’s essential to recognize the inherent risks and volatility that come with all crypto. This article is not financial advice. Caution, independent research, and diligence are paramount.For readers looking for a blend of humor and innovation, visit the ButtChain website today! Hurry – the presale price of ButtChain rises every day!

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Advertisement

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Continue Reading

Crypto

Jump Crypto Faces CFTC Investigation Amid Cryptocurrency Trading Scrutiny

Published

on

Jump Crypto Faces CFTC Investigation Amid Cryptocurrency Trading Scrutiny
  • The CFTC has launched a probe into Jump Crypto, including its investment and trading activities, but has not charged the company with any wrongdoing.
  • Jump Crypto is one of the industry’s largest market makers and is behind critical market infrastructure, like the Wormhole bridge, but has been caught up in controversy over links to FTX and Terra.

The US commodities watchdog has opened a probe into Jump Crypto, one of the industry’s largest trading companies, according to multiple news reports.

The CFTC is investigating Jump Crypto’s trading and investment activity in the sector, but the agency has not disclosed the specifics of its investigation. However, both parties have clarified that the firm has not been charged with any crime, nor is the probe proof of any wrongdoing.

Jump Crypto is a subsidiary of Jump Trading, a Chicago-based proprietary trading giant. The company established its crypto outfit in late 2021 to offer its world-leading trading services to the digital assets world. Jump Crypto quickly shot up the ranks to become one of crypto’s largest market makers, facilitating billions of dollars in trading volume daily.

Besides market making, Jump Crypto has also invested in some of the industry’s largest and most successful projects. This includes participating in the $300 million raise for SUI, the $150 million round for Aptos, the $70 million round for the 0x protocol and the $55 million round for Celestia.

Advertisement

Additionally, it has incubated some massive crypto projects. Its biggest success was Wormhole, a communication protocol between various blockchains that enables cross-chain exchange, governance and gaming.

Jump Crypto’s Woes

Jump Crypto’s problems started with the hack of the Wormhole protocol in which criminals exploited a security flaw and made off with $325 million in early 2022, as Crypto News Flash reported at the time. Jump Crypto relied on the financial might of its parent company to compensate the victims.

However, the blow was significant, and in November last year, it emerged that it was spinning off the Wormhole project.

Jump Crypto’s biggest problems were on its trading side. The company was caught up in the LUNA and UST debacle, in which close to $60 billion was lost after the two Terra ecosystem tokens collapsed.

It would later be revealed that Jump was one of the key allies of Do Kwon and his gang. The company was specifically accused of being used by Kwon to prop up the prices of his tokens, including ensuring that the UST algorithmic stablecoin remained pegged despite market turmoil.

Advertisement

US authorities pursued Kwon, who was later arrested and jailed in Montenegro. However, Jump wasn’t charged for its part in the collapse.

Disgruntled investors have also brought up charges against the company. Last year, they filed a class action lawsuit, accusing the company of aiding and abetting fraud.

          No spam, no lies, only insights. You can unsubscribe at any time.

Advertisement
Continue Reading

Trending