Bitcoin price jumps to $108,405.71, marking a 1.05% daily gain.
Ethereum leads majors with a 2.81% rise, followed by Dogecoin’s 2.55% rally.
Analysts signal Solana ETF launch is imminent, boosting market sentiment.
Crypto prices today on June 27 indicate a strong market rebound, with all top ten tokens trading in the green. The global crypto market cap as of 10.34 AM is up by 1.24% to $3.33T. Investors are responding to a mix of bullish technical setups and optimism around an upcoming Solana staking ETF.
Let’s delve into the crypto price movements of the world’s top ten tokens and understand what’s driving the market today.
Bitcoin is trading at $108,405.71 after gaining 1.05% in the last 24 hours. Strategy co-founder Michael Saylor hinted at another purchase in an X post over the weekend, boosting investor sentiment. He stated on the latest, eleventh consecutive purchase of Bitcoin by Startegy, “This translates to over $21.8 billion in unrealized gains for the Bitcoin treasury company.” The company is now holding 592,345 BTC according to reports.
Ethereum also posted significant gains, rising 2.81% to $2,498.08. Its market cap now exceeds $301 billion. ETH continues to benefit from rising developer activity and optimism around scaling upgrades.
XRP saw a mild increase of 0.34%, trading at $2.19 with a market cap of $129.3 billion.
BNB gained 0.92% to hit $654.98, backed by steady ecosystem activity and recent updates from BNB Chain.
Solana is now priced at $151.30 after a 1.00% rise. ETF analysts believe the first-ever Solana staking ETF is just days away. “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all systems go for imminent launch,” said Eric Balchunas, ETF analyst. ETF Store’s Nate Geraci confirmed that the SEC is showing flexibility toward the fund’s unique structure.
Dogecoin rallied 2.55% to $0.1671, while Cardano climbed 0.91% to trade at $0.5664.
TRON posted a 0.37% gain and is currently priced at $0.2770.
Also Read: Crypto Price Predictions: What's Next for Solana, Bitcoin & Ethereum?
Tether (USDT) held its peg at $1.00 with a 24-hour volume exceeding $51.7 billion. USDC also remained stable, trading at $0.9998. The stablecoins continue to provide liquidity amid market shifts.
Several factors are influencing crypto market momentum today.
XRP vs SEC: One major development is Ripple's decision to drop its cross-appeal against the US SEC. This move has sparked speculation that the SEC may vote to drop its case entirely during its closed-door meeting on July 3. If that happens, XRP could finally clear the path for a spot ETF and break past its key resistance at $2.3389.
Ethereum Accumulation at Peak: Ethereum is also in the spotlight after data revealed that 22 million ETH are now stored in inactive wallets. Despite trading around $2,400, Ethereum appears undervalued according to analysts. Whales now hold 27% of the ETH supply, indicating massive behind-the-scenes accumulation.
As analyst Lorniko put it, “Smart money (the whales) is accumulating Ethereum like never before.” The price has remained steady even as institutional inflows surge, suggesting a potential breakout if ETH crosses the $3,000 mark again.
Goldman Sachs on Fed Interest Cuts: A new Goldman Sachs report signals that the US Federal Reserve is inching closer to interest rate cuts. This shift is being driven by softening labor data, reduced trade policy uncertainty, and speculation around leadership changes at the Fed. Easing interest rates typically boost risk assets like crypto, and the market is beginning to price in this pivot.
However, geopolitical tensions in the Middle East and fiscal risks still loom large. Any shocks from these fronts could quickly shift market sentiment. Currently, the dominant trend is one of bullish accumulation and growing institutional interest, particularly in Ethereum and large-cap altcoins.
Crypto prices today are climbing steadily, with Bitcoin reclaiming the $108K mark and Ethereum outperforming expectations. The buzz around a Solana ETF is helping altcoins gain traction. Institutional interest is rising, and ETFs are gaining ground. Thus, investors should stay alert for key catalysts in the days ahead.
Also Read: Top Cryptos Under $1 to Watch in 2025 for Big Return Potential
1. What is the Bitcoin price today?
Bitcoin is trading at $108,405.71, reflecting a 1.05% gain over the last 24 hours amid institutional accumulation.
2. Why is Ethereum gaining today?
Ethereum rose 2.81% to $2,498.08 due to strong fundamentals, high volume, and rising developer interest.
3. What’s driving Solana’s price increase?
Solana rose 1.00% as analysts predict the imminent approval of a US-based Solana staking ETF.
4. Which altcoin performed best today?
Dogecoin saw the highest 24-hour gain among top 10 coins, rising 2.55% to $0.1671.
5. Are stablecoins like USDT and USDC still stable?
Yes, USDT and USDC held steady at $1.00 and $0.9998 respectively, maintaining strong liquidity across exchanges.