Cryptocurrency price today: The global cryptocurrency market on Sunday (June 5th) was flat and saw a slight rise in the past 24 hours as investors’ risk appetite did not improve much. Investors are hesitant to invest in cryptocurrencies, which have seen more declines than rises this year, with Bitcoin down nearly 50% from its all-time high. The global cryptocurrency market on June 5 was up 0.42% on the day, standing at $1.23 trillion at the time of writing, with markets not seeing much movement .
“Concerns about global growth spurred by rising interest rates and supply chain disruptions were the dominant themes in investors’ narratives, with many leaning toward capital preservation in these volatile times. That said, we remain optimistic about the long-term growth trajectory of crypto and the immense potential it has to revolutionize the way we live, work and play,” the CoinDCX research team said. last week, as markets have remained volatile for some time now.
Bitcoin remained below the $30,000 levels on the day. The price of Bitcoin today climbed 0.43% to $29,792.13 at the time of writing, according to data from CoinMarketCap. On the other hand, Ether price stood at $1,795.14 today, jumping 1.67% in the last 24 hours.
“BTC had made a minor rally over the past few days, surpassing $32,000, but the momentum didn’t last long as the dollar index regained some lost ground. The daily trend for Bitcoin continues to rise. cross in a descending triangle pattern,” said trade office WazirX.
“The next resistance for BTC is expected at $40,000 and immediate support is expected at $26,800. Bitcoin needs to break above the $40,000 level to see any significant upward rally. Until then, BTC may continue to consolidate between $28,000 and $40,000,” he added.
“BTC continued to trade near the $30,000 level. While the recent decline has done little to attract new investors, long-term holders appear to be doubling down and buying BTC at current price levels. With prices falling, holders’ ability to buy more BTC per dollar increases, as seen in the accumulation trend score.The score indicates that investors who are still in the game are significantly increasing their BTC holdings. Darshan Bathija, CEO and co-founder of Vauld, told News18.com.
Here are the top 10 cryptocurrencies and their prices as of June 5, 2022, Sunday (data from coinmarketcap.com)
Bitcoin $29,792.13 or 5.49% gain in the last 24 hours
Ethereum $1,795.14 or 6.56% loss in the last 24 hours
Tether $0.9993 or 0.01% gain in the last 24 hours
USD Coin $1.00 or 0.01% gain in the last 24 hours
BNB $297.61 or 0.28% loss in the last 24 hours
Cardano $0.5621 or 0.21% loss in the last 24 hours
XRP $0.3914 or 0.21% gain in the last 24 hours
Binance USD $1.00 or 0.03% gain in the last 24 hours
Solana $38.97 or 4.69% gain in the last 24 hours
Dogecoin $0.0812 or 0.98% loss in the last 24 hours
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