Bitcoin Rockets Past $106K Before Correction – ETH & XRP Stuck in Sideways Limbo
Crypto markets whipawed traders today as Bitcoin briefly pierced the $106K barrier before retreating – while Ethereum and XRP continued their sleepy sideways dance.
The Bitcoin Rollercoaster
BTC's parabolic surge hit a wall at $106K, triggering profit-taking from traders who still remember the last cycle's brutal corrections. The king coin now faces a critical test of support.
Altcoins Stuck in Neutral
ETH and XRP showed all the volatility of a comatose sloth – much to the dismay of leverage traders praying for movement. The lack of action suggests institutional money remains focused elsewhere (probably on some overpriced AI stock).
As always in crypto, today's euphoria could become tomorrow's margin calls. But for now, the bulls still control the narrative – even if their hands are getting shaky at these altitudes.
BTCUSD Current Price | Source: CoinMarketCap
Ethereum (ETH) Price has declined below $2500 today following a 0.13% decline over the last 24 hours. It went from an intraday high of $2,565 and slowly dropped to $2,493, according to CoinMarketCap.
The sentiment from Bitcoin seems to be taking hold on ethereum as both cryptocurrencies have been declining over the past 7 days. Moreover, ETH has been consolidating sideways between $2.800 and $2.331 over the past month. A breakout might happen soon. Additionally, whale activity has been increasing due to an increase in interest from investors.
XRP price mirrors a similar price action to Ethereum. It’s also ranging sideways on the higher timeframe between $2.332 and $2.069 over the same period. Currently, the cryptocurrency is trading for $2.13, down a modest 0.52% from a daily high of $2.16. While the rest of the major cryptocurrencies are experiencing steady activity in trading, XRP trading volume over the past 24 hours has dropped by 7.31% to $2.01 billion, according to CoinMarketCap.
Trending Crypto Today
- Bitcoin (BTC)
- Aergo (AERGO)
- 48 Club Token (KOGE)
- Sei (SEI)
- Status (SNT)
Top Gainers and Losers Today
| Gainers | Losers |
| Kaia (KAIA): +12.90% | SPX6900 (SPX): -15.57% |
| GateToken (GT): +6.25% | AB (AB): -14.01% |
| Story (IP): +5.96% | Fartcoin (FARTCOIN) -9.50% |
Crypto Market Cap Overview
The overall market sentiment is neutral today, with a market cap of over $3.23 trillion, according to CoinMarketCap. The trading activity has been moderate as well, with daily volume reaching $96.36 billion in trading volume. However, the liquidation date shows that there is more action behind the scenes.
According to Coinglass, over 83,636 traders were liquidated in the past 24 hours, with a total liquidation amounting to $227 million. $149.54 million of this came from long positions and $75.56 million from short positions. Bitcoin led the chart with $65.64 million, followed by Ethereum with $54.87 million. Additionally, there is a massive spike in open interest set to expire around June 27.
Also Read: Parataxis to Launch South Korea’s First bitcoin Treasury Firm
