Bitcoin, Ethereum Rise Above Key Levels as Crypto Market Cap Touches $2.33 Trillion

Bitcoin (BTC), the world's oldest and most valued cryptocurrency, managed to rise above the $63,000 mark over the weekend.

Bitcoin (BTC) price rose above the $63,000 mark on Monday, July 1, while most other popular altcoins landed in the greens. However, Litecoin (LTC) saw a marginal dip. Meanwhile, Kaspa (KAS) became the biggest loser with a 24-hour loss of nearly 2 percent.

Here's a look at the top crypto gainers and losers, as well as the latest crypto market updates.

Top Crypto Gainers Today (July 1)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Ethereum Name Service (ENS)Price: $32.4524-hour gain: 29.08 percent

dogwifhat (WIF)Price: $2.2924-hour gain: 17 percent

Mog Coin (MOG)Price: $0.00000192324-hour gain: 13.53 percent

Bearm (BEAM)Price: $0.0172224-hour gain: 12.66 percent

Ondo (ONDO)Price: $1.2124-hour gain: 10.66 percent

Top Crypto Losers Today (July 1)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Kaspa (KAS)Price: $0.187724-hour loss: 1.54 percent

Litecoin (LTC)Price: $75.2324-hour loss: 0.29 percent

UNUS SED LEO (LEO)Price: $5.8124-hour loss: 0.22 percent

TRON (TRX)Price: $0.12524-hour loss: 0.13 percent

Lido DAO (LDO)Price: $2.3624-hour loss: 2.96 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the weekend, Bitcoin bounced back above $63,000 as lower prices drew in buyers. Bulls successfully defended the $60,000 mark and pushed BTC past $62,500. The next resistance is at $64,600, with support at $62,700. Meanwhile, Ethereum also saw a rise as the market eagerly awaits the spot Ether ETF approval this week.”

CoinSwitch Markets Desk noted, “The EU's new Markets in Crypto-Assets (MiCA) regulation has taken effect, providing comprehensive legal and regulatory clarity for the digital asset market. MiCA aims to address the crypto industry's boom-bust cycles and give euro-denominated stablecoins a chance to succeed. It requires stablecoins to comply with e-money rules, enhancing consumer protections and setting a precedent for future crypto legislation globally. On the other hand, the U.S. Securities and Exchange Commission (SEC) has sued Ethereum software provider ConsenSys, alleging that its MetaMask wallet service acted as an unregistered broker by offering the sale of securities. The SEC also targeted Ethereum staking services Lido and Rocket Pool, claiming their popular stETH and rETH tokens are unregistered securities. This lawsuit represents the SEC's latest attempt to regulate a broad swath of the crypto market as securities.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is currently hovering around $60,000, with David Portnoy eyeing a potential $10 million investment if it falls below $50,000. His move could affect market momentum amid reports of long-term holders selling assets. Bitcoin's immediate resistance is at $61,500, which is key to start a bullish trend towards $62,500 and $64,300. Despite the downtrend of the 50-day EMA at $61,240, Bitcoin's hold above this level and the RSI of 60.11 indicate a balanced market sentiment. Traders should closely monitor support levels at $59,940, $59,270 and $58,580, while considering long positions above $61,200 with robust risk management.”

Shivam Thakral, CEO of BuyUcoin, said, “After a low-key weekend, Bitcoin jumped by over 4% in the past few hours. On the other hand, Ethereum followed the BTC trajectory and jumped by over 3.5% to touch the $3480 mark. With the US presidential debate showing that pro-crypto Trump has a better chance of

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