Crypto

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

Published

2 years ago

June 5, 2024

Cryptocurrency Price Today: Bitcoin Climbs Above ,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.

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)

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

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:

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

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.”

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.”

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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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Crypto

Exclusive: White House set to meet with banks, crypto companies to broker legislation compromise

Published

8 hours ago

January 28, 2026

Press Room

Exclusive: White House set to meet with banks, crypto companies to broker legislation compromise

Jan 28 (Reuters) – The White House on Monday will meet with executives from the banking and cryptocurrency industries to discuss a path forward for landmark crypto legislation which has stalled due to a clash between the two powerful sectors, said three industry sources.

The summit hosted by the White House’s crypto council ‌will include executives from several trade groups. It will focus on how the bill treats interest and other rewards crypto firms can dish out on customer holdings of dollar-pegged tokens known as stablecoins, the people said.

The White House meeting could help the industries, which have been fighting head-to-head over the bill, reach a compromise, and underscores how keen President Donald Trump’s administration is to get the legislation across the line. Trump courted crypto ‌cash on the campaign trail, promising to promote the adoption of crypto assets.

Reuters was first to report the meeting.

The White House did not immediately respond to a request for comment. The sources declined to be identified discussing private policy discussions.

Summer Mersinger, CEO of the Blockchain Association which represents crypto giants including Coinbase (COIN.O), opens new tab, Ripple and Kraken, said in a statement the group ‍is “proud to participate in next week’s meeting.”

“We look forward to continuing to work with policymakers across the aisle so Congress can advance lasting market structure legislation and ensure the United States remains the crypto capital of the world,” she said.

Cody Carbone, CEO of The Digital Chamber, another major crypto trade group, credited ⁠the White House with “pulling all sides to the negotiating table.”

The Senate has for months been working on the bill, dubbed the Clarity ‍Act, which aims to create federal rules for digital assets, the culmination of years of crypto industry lobbying. Crypto companies have long argued that existing ‌rules are ‌inadequate for digital assets, and that legislation is essential for companies to continue to operate with legal certainty in the U.S.

The House of Representatives passed its version of the bill in July.

The Senate Banking Committee was scheduled earlier this month to debate and vote on the bill, but the meeting was postponed at the last minute, in part due to concerns among lawmakers and both industries over the interest ⁠issue.

There were also disagreements among Republicans ⁠about the bill’s stablecoin provisions, according to two other people with knowledge of the discussions, and senators leading the effort bill were concerned that it would not get enough votes to advance.

Crypto companies say providing rewards such as interest is crucial for recruiting new customers and that barring them from doing so would be anti-competitive. ‍Banks say the increased competition could result in insured lenders experiencing an exodus of deposits — the primary source of funding for ⁠most banks — potentially threatening ⁠financial stability.

A report from Standard Chartered on Tuesday estimated that stablecoins could pull around $500 billion in deposits out of U.S. banks by the end of 2028.

The provision at issue stems from a law passed last year which created a federal regulatory framework for stablecoins, potentially paving ‍the way for greater stablecoin adoption.

That bill prohibited stablecoin issuers from paying interest ‌on ‌cryptocurrencies, but banks say it left open a loophole that would allow for third parties – such as crypto exchanges – to pay yield on tokens, creating new competition for deposits.

Reporting by Hannah Lang in New York; Editing by Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Crypto

XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance

Published

20 hours ago

January 28, 2026

Press Room

XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance

XRP is cementing its role in live institutional payment infrastructure as Ripple’s RLUSD anchors regulated stablecoin settlement, signaling blockchain rails are now trusted, production-grade systems for global liquidity, cross-border payments, and high-value financial flows.

Crypto

Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

Published

1 day ago

January 27, 2026

Press Room

Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

Cryptocurrency laundering was an $82 billion problem last year, Bloomberg News reported Tuesday (Jan. 27), citing data from blockchain analysis firm Chainalysis.

Chinese-language money laundering networks made up $16.1 billion of that total as they play an increasing role in crypto crime, the report said.

“These are groups that are growing exponentially,” Andrew Fierman, head of national security intelligence at Chainalysis, told Bloomberg, per the report. “We’re talking about growth of over 7,300 times faster than other illicit flows.”

Although China has outlawed crypto transactions, illegal activity continues as the government chiefly focuses on behavior that threatens capital controls or financial stability, according to the report.

The networks “have really embraced cryptocurrencies,” said Kathryn Westmore, a senior associate fellow at the Centre for Finance and Security at RUSI, per the report, adding that crypto provides “a way to launder the proceeds of cash-generating criminal activities, like drugs or fraud.”

The news followed a warning from the Financial Crimes Enforcement Network (FinCEN) in August, which said Chinese money laundering networks are now among the most significant threats to the American financial system, helping fuel the operations of Mexico’s most powerful drug cartels.

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“The networks have become effective partners because they can move cash quickly, absorb losses and leverage demand from Chinese nationals seeking to bypass Beijing’s strict currency controls,” PYMNTS reported Aug. 29. “By pairing cartel dollars with Chinese demand for U.S. currency, these networks have created what FinCEN called a ‘mutualistic relationship’ that strengthens both sides.”

Meanwhile, Eric Jardine, head of research at Chainalysis, discussed last year’s record-setting levels of crypto crime with PYMNTS in an interview published Monday (Jan. 26). Around $154 billion flowed to illicit addresses, the most ever recorded, and there was a 160% increase in illicit volumes.

“But treating that number as evidence of runaway criminal adoption may miss the more consequential story,” PYMNTS wrote. “What changed in 2025 was not merely volume, but the identity of the actors, the scale at which they operated, and the implications this has for banks, regulators, and the future architecture of financial blockchain compliance.”

The true inflection came from “a shift in who’s doing what,” Jardine said, adding that in 2025, nation states, most notably Russia, began taking part “in earnest in the crypto ecosystem,” chiefly through sanctions evasion.

Unlike earlier state-linked activity, like North Korea’s hacking campaigns, this was not marginal behavior at the edges of the system, but “industrial-scale financial activity conducted in plain sight,” PYMNTS wrote.