Crypto
Cryptocurrency Price Today: Bitcoin Dips Below $67,000 As Top Coins Continue To Land In Reds
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 mark over the weekend. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) — landed in the reds across the board as the overall Market Fear & Greed Index stood at 55 (Neutral) out of 100, as per CoinMarketCap data. The BRETT token emerged to be the biggest gainer, with a 24-hour jump of over 15 percent. Notcoin (NOT) became the biggest loser, with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $2.43 trillion at the time of writing, registering a 24-hour dip of 0.88 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $66,480.09, registering a 24-hour gain of 0.42 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 59.66 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,517.76, marking a 24-hour dip of 1.25 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 3.21 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.30 percent, as per CoinMarketCap data, currently priced at $0.1394. As per WazirX, Dogecoin price in India stood at Rs 12.23.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 0.58 percent. At the time of writing, it was trading at $77.25. LTC price in India stood at Rs 6,959.64.
Ripple (XRP) Price Today
XRP price stood at $0.4816, seeing a 24-hour loss of 1.15 percent. As per WazirX, Ripple price stood at Rs 43.87.
Solana (SOL) Price Today
Solana price stood at $150.85, marking a 24-hour dip of 2.19 percent. As per WazirX, SOL price in India stood at Rs 13,358.12.
Top Crypto Gainers Today (June 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Brett (Based) (BRETT)
Price: $0.1595
24-hour gain: 15.45 percent
JasmyCoin (JASMY)
Price: $0.03748
24-hour gain: 11.77 percent
Lido DAO (LDO)
Price: $2.17
24-hour gain: 9.21 percent
Dog (Runes) (DOG)
Price: $0.0073
24-hour gain: 9.18 percent
Jupiter (JUP)
Price: $0.9176
24-hour gain: 7.48 percent
Top Crypto Losers Today (June 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bitcoin (NOT)
Price: $0.0186
24-hour loss: 7.24 percent
Akash Network (AKT)
Price: $3.18
24-hour loss: 5.04 percent
BitTorrent [New] (BTT)
Price: $0.0000009525
24-hour loss: 4.70 percent
Oasis (ROSE)
Price: $0.1117
24-hour loss: 4.22 percent
Ondo (ONDO)
Price: $1.14
24-hour loss: 4.04 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin witnessed selling pressure over the past week as prices dropped below the $67,000 mark, but then easing up over the past 24 hours as price movement flattened. Bitcoin’s closest support level lies at $64,825, while the next resistance point awaits at $66,978. Meanwhile, Ethereum too has witnessed marginal selling pressure in the past week as the market gears up for Ethereum ETFs to go live in early July. The overall sentiment in the market continues to point to greed.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin remains below its 50-day moving average, a technical indicator that could suggest a potential short-term price decline. However, a healthy buffer above the key 200-day moving average hints at a possible long-term bullish trend. If bulls can push Bitcoin above the 50-day hurdle at $66,425, it could trigger a rally towards the crucial resistance level of $69,000. Breaking decisively above that level could even put the coveted all-time high of $73,808 back on the table.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The Biden administration is set to discuss bitcoin policy in early July, signalling a potential shift in US crypto strategy. The round table is organized by the pro-crypto-democratic Rep. Silicon Valley’s Ro Khanna and will be attended by billionaire Mark Cuban and other lawmakers. The meeting aims to maintain US leadership in bitcoin and blockchain innovation amid regulatory debates. Cuban believes Biden’s crypto stance could influence the 2024 election. Meanwhile, Trump has pledged to end Biden’s “war on crypto” and support bitcoin mining, promising a more favourable regulatory environment if elected. Bitcoin is trading around $66,400 with a bearish outlook.”
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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.
Key Takeaways
- IHC executed a landmark $30 million transaction using the new DDSC token on ADI Chain.
- This milestone expands the UAE crypto market, following approvals for Mbank’s AE Coin and Zand’s AEDZ.
- Developers now plan to connect the Middle East with global markets via new DDSC digital trade corridors.
Major Institutional Transaction Executed
The Abu Dhabi-based global investment company, International Holding Company (IHC), has executed a $30 million (AED 110 million) transaction using a stablecoin backed by the United Arab Emirates (UAE) dirham, marking the first major institutional use of the stablecoin since receiving regulatory approval. The transaction was carried out using the DDSC stablecoin on ADI Chain, an institutional Layer-2 blockchain developed by the ADI Foundation.
Officials said the multimillion-dollar transaction demonstrates the digital currency ecosystem’s operational readiness and ability to handle institutional volumes. DDSC was created through a partnership among IHC, First Abu Dhabi Bank and Sirius International Holding, with technological support from the ADI Foundation.
The Central Bank of the UAE’s approval of the DDSC stablecoin earlier this year is part of a broader regulatory push that has already seen multiple dirham-backed tokens clear licensing hurdles. As per one report, the first AED stablecoin to secure central bank approval was the AE Coin, issued by Al Maryah Community Bank (Mbank). Additionally, Zand Bank recently obtained a license for AEDZ, distinguishing itself as the UAE’s first regulated, multi-chain AED-backed stablecoin designed to operate natively on public blockchains.
According to a media statement, the project aims to provide secure and regulated digital transactions for corporations and individuals while speeding up cross-border payments and trade settlements.
“This transaction demonstrates that the UAE’s digital infrastructure is live, resilient, and ready to support real institutional financial activity,” Syed Basar Shueb, chief executive officer of IHC, said in a statement. “Executing 110 million DDSC on ADI Chain is a clear signal that we are entering the next phase, where institutional-grade digital assets are not only viable, but operational at scale.”
Proponents of stablecoins argue they reduce the high costs, delays and complexities associated with traditional international banking systems, particularly in emerging markets.
Following the successful transaction, developers said they plan to expand institutional participation and establish new digital trade and payment corridors connecting the Middle East with global markets.
This week was a rollercoaster ride in the world of cryptocurrency and NFTs. From Michael Saylor and Kevin O’Leary sharing their insights on Bitcoin, to the surprising performance of XRP ETFs and SpaceX revealing its Bitcoin holdings ahead of its IPO. Not to forget, the popular NFT brand Pudgy Penguins is extending its partnership with Manchester City Soccer Club.
Let’s dive into the details.
Michael Saylor’s Bitcoin Perspective
Michael Saylor, CEO of MicroStrategy Inc., stated that Bitcoin would have been trading between $40,000 and $50,000 without his company’s involvement. MicroStrategy is the world’s largest corporate holder of Bitcoin, owning approximately 818,000 units. Saylor believes that even without his company, Bitcoin would have found success, but MicroStrategy’s involvement accelerated its price appreciation.
Read the full article here.
Kevin O’Leary’s Take On Bitcoin
Kevin O’Leary, the “Shark Tank” star, emphasized the need for a crypto bill to pass for Bitcoin and tokenization to move beyond the fringes for major institutional players. He believes that global compliance within the SEC through the passage of a bill will change everything. With the midterms approaching in November, O’Leary sees the present as the perfect opportunity to pass this bill.
Read the full article here.
XRP ETFs Vs Bitcoin ETFs
While Bitcoin ETFs saw a loss of $1.4 billion, XRP-linked funds attracted $42 million. This stark contrast in performance has left many wondering about the future of these cryptocurrencies. XRP held near $1.37, down 1% on the day.
Read the full article here.
SpaceX’s Bitcoin Holdings
SpaceX, led by Elon Musk, revealed that it holds more than $1 billion in Bitcoin on its balance sheet. The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion.
Read the full article here.
Pudgy Penguins And Manchester City
The popular NFT brand Pudgy Penguins announced the extension of its collaboration with English soccer club Manchester City. This follows the successful launch of a limited-edition collectible and hoodie earlier this year. The brand promises to create exciting experiences at the intersection of physical and digital, bringing Pengu and Pudgy Penguins to City fans worldwide.
Read the full article here.
Binance In The Eye Of The Storm
Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Key Takeaways
- The Libra Trust got 71 apps and will next fund Argentine firms seeking to grow.
- To fight scam claims, Hayden Davis sent funds on Nov 22 to the trust, which will distribute grants by November.
- To restore market trust, the fund could next pay Viva La Libertad victims filing claims before Nov 22, 2025.
Libra Trust Set up to Empower Argentine Companies After the Token’s Demise
Over a year after the Viva La Libertad project, also known as the Libra token, faced its demise, leaving thousands of investors affected, the funds kept from token purchases seem to be, at last, fulfilling its original purpose.
Proceeds from Libra’s token sale, infamously promoted by Argentine President Javier Milei on social media, are now in the hands of the Libra Trust, which received the funds from alleged Libra creator Hayden Davis on November 22 as a defense strategy to disprove the scam allegations made against Davis in a lawsuit.
According to Argentine media, the trust, whose purpose is to bring these funds to Argentine companies seeking grants to support their growth, has already received 71 applications to access part of these funds.
In the next few days, the Trust will begin organizing these applications and running checks on their feasibility and origin before delivering any funds. While there are no set dates for this, the Trust indicated that the grants will start being delivered before November.
“The timing of the distributions will depend on the promptness with which funding applicants respond to the questions that will be sent in the coming days,” the Trust stated.
“Financing decisions will be made based on the needs of the selected applicants. The trust funds will be managed prudently to enable the financing of strong applications that merit support,” it revealed, without giving further details on how this support would be distributed.
Nonetheless, the trust also opened a path for Libra’s victims to apply for compensation, for Argentine nationals who filed claims regarding alleged losses arising from the investment in the Libra token before November 22, 2025.
Even so, there is no certainty in how many of these funds will be distributed.
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