Cryptocurrency price today: The global cryptocurrency market on Wednesday, June 22 remained volatile as investors saw no new triggers to bolster their confidence. After a day of rallying, the crypto’s market capitalization saw a slight decline in value as traders looked to profit from booking rather than think long-term amid the ongoing sell-off. On Wednesday, the global cryptocurrency market cap fell 3.69% in the past 24 hours to $890.70 billion at the time of writing, according to the data.
“The current rally may not bring bulls back into the market as recession fears weigh on financial markets. Investor interest in tech stocks and tech-based crypto assets has faded as “Macroeconomic conditions remain unfavorable. The hawkish stance taken by the Fed will keep investors on their toes in the coming weeks,” said Tarusha Mittal, COO and co-founder of Unifarm, a group staking platform.
Bitcoin prices remained at the $20,000 level on Wednesday. Bitcoin price today stands at $20,108.32 at the time of writing, down 4.70% in the last 24 hours. Meanwhile, Ether price was down 6.20% today, to $1,076.72 at the time of writing.
“Bitcoin remained just below the $21,000 level after recovering from a dip below the $18,000 mark. Interestingly, this minor rally has once again sparked people’s interest in Bitcoin as the The number of searches for the token hit a 12-month high.Bitcoin’s daily trend continues to cross a descending channel pattern that is apparently bouncing off support levels.The next key support for Bitcoin is expected at $14,000. Daily RSI moved back above the 25 level, still remaining in the oversold zone,” said trade desk WazirX.
“The crypto market had a promising start to the week as most crypto assets were trading green. The overall crypto market capitalization is approaching $1 trillion and currently stands at $930 billion. Ether jumped over 4% and is hovering around the $1200 mark. The meme coin space also saw a strong uptrend as $DOGE and $SHIB jumped 14% and 40% respectively,” Mittal added.
Here are the top 10 cryptocurrencies and their prices as of June 22, 2022 (According to data from coinmarketcap.com)
Bitcoin $20,108.32 or 4.70% loss in the last 24 hours
Ethereum $1,076.72 or 6.20% loss in the last 24 hours
Tether $0.9989 or 0.01% loss in the last 24 hours
USD Coin $1.00 or 0.03% loss in the last 24 hours
BNB $212.74 or 4.62% loss in the last 24 hours
Binance USD $1.00 or 0.010% gain in the last 24 hours
Cardano $0.4619 or 6.15% loss in the last 24 hours
XRP $0.3201 or 2.21% loss in the last 24 hours
Solana $34.02 or 7.90% loss in the last 24 hours
Dogecoin $0.06168 or 0.54% gain in the last 24 hours
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