Bitcoin and Ethereum Consolidate Gains: Market Update (June 26)

Bitcoin and Ethereum are showing stability today, June 26, amidst ongoing market activity. Here’s a breakdown:

Bitcoin (BTC)

• Price: Consolidating near $107,880.
• Current Price: Opened at $107,885.91
• Change: Up by 1.06% from the previous day.
• Market Capitalization: $2.14 trillion (up 1.07%).
• Trading Volume (24h): $51.09 billion (up 2.59%).
• Market Dominance: 64.8%
• Key Observation: Increased Bitcoin ETF subscriptions signal growing institutional trust and integration into mainstream finance.

Overall Crypto Market

• Total Market Capitalization: $3.31 trillion.
• Total Trading Volume (24h): $108.25 billion.
• Bitcoin Dominance: 64.8%.
• Ethereum Dominance: 9%.
• Altcoin Dominance: 26.2%.

Dominance Definition: A metric indicating a cryptocurrency’s market share relative to the total cryptocurrency market capitalization.

Ethereum (ETH)

• Price: Steady above $2,470.
• Current Price: $2,470.40
• Change: Up 0.34% from the previous day.
• Market Capitalization: $298.22 billion (up 0.34%).
• Trading Volume (24h): $17.75 billion (up 10.42%).
• Key Observation: Ethereum has maintained levels above $2,000 despite volatility. BlackRock’s $98 million Ethereum ETF acquisition (40,660 ETH) indicates strong institutional interest.
• ETF Inflows: Spot Ethereum ETFs have attracted over $4 billion in US inflows, driven by BlackRock and Fidelity.

Expert Opinions: What’s Ahead?

• Avinash Shekhar (Pi42): Cautiously optimistic about the crypto market finding its footing.
• Riya Sehgal (Delta Exchange):
  • Bitcoin’s rebound above $107,000 indicates robust market confidence.
  • Holding above $98,000 (short-term holder realized price) provides psychological support.
  • Consolidation near $107,400–$108,000 could lead to a breakout toward $110,000 and $112,000.
  • Bitcoin is increasingly viewed as a resilient asset during macroeconomic uncertainty due to the weakening US Dollar Index.
• Edul Patel (Mudrex):
  • Institutional activity is driving price action, with Bitcoin ETFs recording the largest single-day inflow for June at $588.6 million, marking 11 straight days of positive flows.
  • Potential shift in market momentum with upcoming US GDP and jobless claims data.
  • Bitcoin faces resistance at $108,700, with support at $106,400.
• Riya Sehgal (Delta Exchange):
  • Ethereum has recovered 15% from recent lows.
  • Eyes a breakout past the $2,550 resistance zone.
• CoinDCX Research Team:
  • Top Gainers:
    • Pi (+8%+)
    • Kaspa (+4.61%)
    • Bitcoin Cash (+3.76%)
  • Top Losers:
    • Sei (-10%+)
    • Fartcoin (-9.49%)
    • Stacks (-8%+)
    • Curve DAO Token (-8%+)
  • Overall Market Trend: Largely stable, preparing for the next bullish wave.

Disclaimer: The views expressed are those of individual analysts and should not be considered financial advice. Consult with a certified expert before making investment decisions.