Crypto Price Today: Bitcoin rises above $30,700; Solana, Litecoin jump over 14%


Cryptocurrency markets are trading higher as strong US economic data and news of Fidelity Investments refiling for a Bitcoin ETF eased concerns of a slowdown. Bitcoin and Ethereum saw gains, with Bitcoin’s volume rising 28.5% to approximately $17.3 billion. Other top crypto tokens like Solana and Litecoin also rose by over 14%. The global cryptocurrency market cap increased by 1.82% to around $1.19 trillion. Market oscillators indicate a neutral sentiment, with indicators such as the Relative Strength Index and Average Directional Index pointing towards a neutral market.

Crypto Price Today: Bitcoin rises above $30,700; Solana, Litecoin jump over 14%  0


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Explore NowThe cryptocurrency markets were trading higher in Friday’s trade amid robust economic data from the US, which eased fears of a slowdown, and amid news that Fidelity Investments has refiled for spot Bitcoin ETF.

Bitcoin (BTC) surged 1% to $30,657, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $17.3 billion, rising 28.5% in the last 24 hours.

“Bitcoin traded over the US$30,600 level gaining nearly 2% in the past 24 hours as the market reacted to Fidelity Investments refiles for spot Bitcoin ETF. Market sentiment was also influenced by the news of Microstrategy buying an additional $374 million worth of Bitcoin,” Edul Patel, Co-founder and CEO at Mudrex, said.

BTC’s immediate resistance is at the US$30,750 level, and support is at the US$30,420 level, Edul added.

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View Details »Other top crypto tokens were also trading higher on Friday. Solana and Litecoin rose over 14%. Meanwhile, BNB, XRP, and Polygon also traded with gains. The global cryptocurrency market cap was trading higher, around $1.19 trillion, rising 1.82% in the last 24 hours.

The market cap of Bitcoin, the world’s largest cryptocurrency, was around $595 billion. Bitcoin’s dominance is currently 50.15%, a decrease of 0.25% over the day, according to CoinMarketCap.

“Crypto markets have traded sideways in the last 24 hours, even amidst rekindled inflationary concerns and proposed Fed rate hikes. The crypto fear and greed index has jumped 2 points to re-enter the greed zone with a score of 56/100,” Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said.

Rajagopal Menon, Vice President at WazirX, said, “Major market oscillators point toward a Neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 67, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 83 and 36, respectively, further indicating a Neutral market.”

“The MACD Level (12, 26) at 1039 indicates a Buy. The Stochastic RSI Fast (3, 3, 14, 14) is at 74 with a Neutral indicator, while the Williams Percent Range (14) at −14 signals Neutral,” Menon added.

Crypto Cart: Quick Glance (Source:, data as of 12.40 hours, IST on June 30, 2023)

Bitcoin $30,657 1.42%
Ethereum $1,881 2.13%
Tether $1.00 -0.02%
BNB $237 1.81%
XRP $0.4756 2.22%
Cardano $0.2826 3.57%
Dogecoin $0.06511 3.71%
Polygon $0.6442 1.79%
Solana $18.64 14.49%
Litecoin $95.78 14.4
Polkadot $5.06 2.62%
Tron $0.07581 2.27%
Shiba Inu $0.000007516 3.31%

(Note: Price change in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


Updated: 06/30/2023 — 05:00

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