Crypto Price Today: Bitcoin at $61K, Ethereum Near $1,660, XRP in Red Amid Weak ETF Inflows
Global market uncertainty and slower ETF inflows pushed crypto prices lowerThecryptocurrency marketsaw another weak day on June 24 as most digital coins traded lower due to pressure in global financial. . .
Global market uncertainty and slower ETF inflows pushed crypto prices lowerThecryptocurrency marketsaw another weak day on June 24 as most digital coins traded lower due to pressure in global financial markets. Investors stayed skeptical amid the ongoing economic uncertainty across major countries, which affected confidence in risky assets like crypto. As a result, the overall crypto market remained under pressure, while major coins failed to show a strong recovery. At present, the total cryptocurrency market value stands close to$2. 23 trillion, after a decline of almost1. 9% in the last 24 hours. Daily crypto trading volume remains high at nearly$74 billion, which shows that market activity is still strong even though prices remain under stress. Bitcoin Price TodayBitcoin, the world’s biggest cryptocurrency, briefly fell to $61,877, its lowest level since June 11, before stabilising near the $62,000 mark. In the last 24 hours, Bitcoin price has dropped by almost2%, which added fresh pressure on short-term traders. Bitcoin now controls nearly56. 3% of the total crypto market, which shows that it still remains the strongest digital asset despite the recent fall. In India, Bitcoin price is currently around₹59. 2 lakh. Market experts say Bitcoin failed to cross higher resistance levels earlier this week, which led to fresh selling pressure. At the same time, long-term holders continue to buy and hold their coins, which shows confidence in Bitcoin’s future. Some prediction markets recently suggested Bitcoin may test the$58,000 levelif weakness in the broader market continues through the end of June. Ethereum Price TodayEthereum also saw heavy pressure and performed weaker than Bitcoin in recent sessions. Ethereum's price now stands near$1,660, after a fall between3% and 6% in the past 24 hours. The coin recorded daily trading volume above$10. 6 billion, while the current Indian price remains close to₹1. 57 lakh. Ethereumhas lost nearly20% over the last month, which clearly shows weaker confidence in the altcoin market. A slowdown in decentralized finance projects and lower network activity also affected Ethereum price movement. The coin now faces stronger downside pressure compared to Bitcoin. Other Major Crypto PricesApart from Bitcoin and Ethereum, several major cryptocurrencies also traded lower today. BNBnow trades near₹54,496, after a price fall of2. 28%in the last 24 hours. XRPcurrently trades around₹104, with a decline of2. 04%during the same period. Solana'sprice stands near₹6,567, after a sharp drop of3. 22%. Meanwhile,Tether, which is a stablecoin linked to the US dollar, remains steady at around₹94. 74with only very small movement. The broader crypto market remained weak, with most large digital assets trading in negative territory. Why Crypto Prices Fell TodayOne major reason behind today’s weakness comes from pressure in global stock markets. Technology stocksin both Asian and US markets saw sharp declines this week. Whenever traditional markets face uncertainty, investors usually move away from high-risk assets such as cryptocurrencies. Another reason comes from slower institutional buying. Spot Bitcoin ETF inflows, which played a major role in earlier price growth, have paused for now. This reduced strong buying support from large investors and affected overall market sentiment. Geopolitical uncertainty also added pressure. Fresh concerns around international tensions, especially discussions related to the United States and Iran, created caution across financial markets. This negative sentiment spread into crypto trading as well. Market OutlookThe short-term crypto market remains weak, but the long-term outlook still stays positive because institutional interest continues to exist. Bitcoin’s decline to the $62,000 markreflects a broader reassessment of high-growth and speculative assets. Ethereum remains under greater pressure and may face further weakness if market sentiment does not improve soon. The next few trading sessions will become very important for the crypto market. If Bitcoin moves above resistance again, prices may recover toward$70,000. However, if current weakness continues, a deeper correction across the entire crypto market may follow before June ends. For now, June 24 remains a cautious day for crypto traders as the market waits for stronger signals before the next major move. Disclaimer: Industry Wired does not provide financial, investment, or trading advice. Cryptocurrency and investment markets are volatile and carry risk of loss. Information presented is for educational purposes only. Consult a licensed financial advisor and conduct your own research before making any investment decisions.