Today Cryptocurrency Price: The global cryptocurrency market remained flat on Sunday, June 5, registering a slight uptick over the past 24 hours as investors did not see much increase in risk appetite. Investors are shying away from investing in crypto coins, which have seen more decline than rise this year, with bitcoin down nearly 50 percent from its all-time high. The global cryptocurrency market was up 0.42 percent throughout the day on June 5, standing at $1.23 trillion at the time of writing this article and the markets did not see much movement.
“Global growth concerns driven by rising interest rates and supply chain disruptions were major themes within investor narrative, with many leaning toward capital preservation during these volatile times. That said, we remain optimistic on crypto’s long-term growth trajectory. and have immense potential to revolutionize the way we live, work and play,” said the CoinDCX research team last week, as the market has been volatile for some time.
Bitcoin remained below the $30,000 level on the day. According to data from CoinMarketCap, the price of bitcoin is up 0.43 percent today to $29,792.13. Ether, on the other hand, was priced at $1,795.14 today, jumping 1.67 percent over the past 24 hours.
“BTC corrected marginally over the past few days to rally above $32K, but the momentum did not last long as the dollar index gained some losing ground. Daily trend for Bitcoin continues within a descending triangle pattern ,” said the WazirX Trade Desk.
“The next resistance for BTC is expected at $40,000 and immediate support is expected at $26,800. Bitcoin needs to break the $40K level to see any significant growth. May continue to consolidate between $40K,” it added.
“BTC continues to trade near the $30,000 level. While the recent drop has done little to attract new investors, long-term holders are doubling down and buying BTC at current price levels. With the decline, holders’ ability to buy more BTC per dollar increases, as seen from the accumulation propensity score. The score indicated that investors who are still in the game are adding significantly to their BTC holdings. Darshan Bathija, CEO and co-founder of Wold, told News18.com
Here are the top 10 cryptocurrencies and their prices on Sunday, June 5th, 2022 (data from coinmarketcap.com)
Bitcoin is up $29,792.13 or 5.49 percent in the last 24 hours
Ethereum lost $1,795.14 or 6.56 percent in the last 24 hours
Tether is up $0.99993 or 0.01 percent in the last 24 hours
USD coin up by $1.00 or 0.01 percent in last 24 hours
BNB has lost $297.61, or 0.28 percent, in the last 24 hours
Cardano lost $0.5621 or 0.21 percent in the last 24 hours
XRP is up $0.3914 or 0.21 percent in the last 24 hours
Binance USD up $1.00, or 0.03 percent in the last 24 hours
Solana up $38.97 or 4.69 percent over the last 24 hours
Dogecoin is $0.0812 or 0.98 percent loss in the last 24 hours
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