Cryptocurrency Price Today: After a short-lived rebound, the cryptocurrency market was again within the pink zone on Wednesday, July 6 as investor sentiments remained detrimental towards a volatility within the inventory market. The world cryptocurrency market fell to keep simply above $900 million mark, registering a worth of $901.98 billion. This is a lower of 1.60 per cent previously 24 hours, as per information, as main crypto cash fell over the day.
Bitcoin on the day additionally dipped barely once more as traders refused to take a position on the planet’s largest cryptocurrency by market worth. Bitcoin worth at the moment registered a worth of $20,082.28 at 1151 IST, which is a plunge of 1.24 per cent over the previous day.
“Bitcoin has been in a consolidation phase for nearly 3 weeks, bouncing between $18K and $22K levels. Meanwhile, June’22 saw the largest outflow of Bitcoin ever in a month. Onchain data indicated that over 150,000 BTC’s exited centralized exchanges in the last month. On the weekly timeframe, the BTC chart has formed a descending triangle pattern. The weekly RSI has been at its lowest phase hovering around the 25 level. The next resistance is expected at $32,300 and the next key support is expected at $14,000,” stated analysts at WazirX commerce desk.
On the opposite hand, Ethereum, the world’s second largest crypto coin was barely holding on to the $1,100 mark. Ether worth at the moment was additionally down by 2.10 per cent, to face at $1,133.64 whereas writing this text.
“Ethereum against Bitcoin has remained fairly flat in the last 4 weeks or so. Bitcoin’s dominance too has changed much in the past ten odd days, hovering just above 43%. The monthly chart for ETH-BTC has formed an ascending triangle pattern, making higher lows and is currently trading at the support levels. The daily RSI is fairly at a healthy level of nearly 50. The next key support for ETH-BTC is expected at 0.046 level and next resistance is expected at 0.076.,” famous the analysts.
“Major cryptocurrencies traded low on Tuesday. Bitcoin was seen changing hands at US$19,000 after trading between a day high and low. BTC has been struggling to hold above US$20,000 from the past two months. BTC is down by nearly 71% from its all-time high and 57% down from the beginning of the year. At the same time, Ethereum is also down by 70% on its year-to-date loss. The volatility in the market continues as bears look stronger than the bulls,” stated Edul Patel, CEO and co founding father of Mudrex.
Here are the highest 10 cryptocurrencies and their costs on July 6, 2022, Wednesday, (According to information from coinmarketcap.com)
Bitcoin $20,082.28 or 1.24 per cent loss within the final 24 hours
Ethereum $1,133.64 or 2.10 per cent loss within the final 24 hours
Tether $0.999 or 0.01 per cent loss within the final 24 hours
USD Coin $1.00 or 0.02 per cent loss in the final 24 hours
BNB $232.61 or 0.90 per cent loss within the final 24 hours
Binance USD $1.00 or 0.11 per cent loss within the final 24 hours
XRP $0.3235 or 0.96 per cent loss within the final 24 hours
Cardano $0.4568 or 2.36 per cent loss within the final 24 hours
Solana $35.76 or 0.34 per cent loss within the final 24 hours
Dogecoin $0.06742 or 2.42 per cent loss within the final 24 hours
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