Cryptocurrency rate today: On Sunday, June 5, the global cryptocurrency market remained flat and posted a slight uptick in the past 24 hours, as investors’ appetite for risk did not see much growth. Investors are shying away from investing in cryptocurrencies, which have seen more declines than highs this year, with bitcoin down nearly 50 percent from all-time highs. The global cryptocurrency market on June 5 is up 0.42 percent on the day, reaching $1.23 trillion at the time of writing, as the markets haven’t seen much movement.
“Global growth concerns spurred by rising interest rates and supply chain disruptions have been the dominant themes in investor narratives, as many have been inclined to conserve capital during these volatile times. However, we remain optimistic about the cryptocurrency’s long-term growth trajectory, and the potential for global growth. It has enormous potential to revolutionize the way we live, work and play.”
Bitcoin has remained below $30,000 a day. The price of Bitcoin today is up 0.43 percent to stand at $29792.13 at the time of writing, according to data from CoinMarketCap. On the other hand, the price of Ether today was at $1,795.14, up 1.67 percent over the past 24 hours.
“BTC made a slight recovery in the past few days as it rose above $32,000 but the momentum was short-lived as the dollar index regained some ground. Bitcoin daily trend continues to cross the descending triangle pattern,” WazirX Trade Desk said.
“BTC’s next resistance is expected at $40,000 and immediate support is expected at $26,800. Bitcoin needs to break the $40K level to see any significant bullish rally. Until then, BTC may continue to consolidate between $28K and $40K. dollar “.
BTC continued to trade near the $30,000 level. While the recent drop has done little to attract new investors, it appears that long-term holders are doubling down and buying BTC at the current price levels. As prices fall, the ability of coin holders to buy more bitcoin against the dollar increases, as evidenced by the result of the accumulation trend. The result indicated that investors who are still in the game are significantly adding to their BTC holdings,” Darshan Bateja, CEO and co-founder of Fuld, told News18.com.
Here are the top 10 cryptocurrencies and their prices on June 5, 2022, Sunday (data from coinmarketcap.com)
Bitcoin $29,792.13 or 5.49% gain in the past 24 hours
Ethereum $1,795.14 or 6.56 percent loss in the last 24 hours
Hook up $0.9993 or 0.01 percent gain in the last 24 hours
USD Coin – gains of 1.00 USD or 0.01 percent in the last 24 hours
BNB $297.61 or 0.28% loss over the past 24 hours
Cardano $0.5621 or 0.21 percent loss over the past 24 hours
XRP $0.3914 or 0.21 percent over the past 24 hours
Binance gains $1.00 or 0.03 percent over the past 24 hours
Solana $38.97 or 4.69 percent gain in the last 24 hours
Dogecoin $0.0812, or 0.98 percent loss over the past 24 hours