Cryptocurrency price

Bitcoin spirals below $20,000, Ether, Solana in red; List here

Cryptocurrency price today: The global cryptocurrency market on Saturday, June 18 continued to soar further into the burrow as major cryptocurrency coins did not appear to rally as investors refused to invest further. The crypto market capitalization has now fallen below the $900 billion mark and stood at $853.11 billion at the time of writing, according to data from CoinMarketCap. That figure was down 5.41% over the past day. Investors are still in the extreme fear zone and we entered the bear markets at a time when the US Federal Reserve raised interest rates sharply by 75 basis points.

“The overall crypto market capitalization fell below $900 billion, representing a marginal decline from the last day. Total crypto market volume fell over 14% to $64 billion, clearly showing the bearish sentiments of the market,” said Tarusha Mittal, COO and co-founder of Unifarm, a group staking platform. . At the time of writing, crypto market volume has fallen to $59.01 billion in the past 24 hours, a decline of 22.90%, according to data from CoinMarketCap.

Mittal also said that sellers will take a break if Bitcoin hits the $20,000 support level. However, Bitcoin on the day fell below the $20,000 mark, missing the support level. Bitcoin price today stands at $19,292.81 at the time of writing, down 8.61% in the last 24 hours. Meanwhile, Ether price was down 9.65% today, to $1,004.94 at the time of writing.

“If we look at the weekly performance of the two biggest crypto assets, Bitcoin and Ether have fallen almost 35% and 40% respectively. Investors are ditching riskier crypto assets and putting their funds into stablecoins like USDT. Tether has been trading at a premium rate since the start of this month on the P2P market, signaling its strong demand. Altcoins like Solana and XRP jumped nearly 3% due to the overall crypto mini rally in the altcoin space. Markets are expected to remain choppy in the coming weeks as central banks around the world continue to take stringent measures to bring inflation under control,” Mittal noted.

Here are the top 10 cryptocurrencies and their prices as of June 18, 2022 (According to data from coinmarketcap.com)

Bitcoin $19,292.81 or 8.61% loss in the last 24 hours

Ethereum $1,004.94 or 9.65% loss in the last 24 hours

Tether $0.9988 or 0.00% loss in the last 24 hours

USD Coin $1.00 or 0.04% loss in the last 24 hours

BNB $201.46 or 8.97% loss in the last 24 hours

Binance USD $1.00 or 0.02% loss in the last 24 hours

Cardano $0.4597 or 7.72% loss in the last 24 hours

XRP $0.31 or 7.26% loss in the last 24 hours

Solana $28.85 or 7.62% loss in the last 24 hours

Dogecoin $0.05399 or 5.14% loss in the last 24 hours

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