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Cryptocurrency rate today: After a short-lived recovery, the cryptocurrency market returned to the red on Wednesday, July 6, as investor sentiment remained negative against the volatility in the stock market. Globalism Cryptocurrency The market fell to stay just above $900 million, recording a value of $901.98 billion. This represents a decline of 1.60 percent in the past 24 hours, according to the data, as significant Cryptocurrencies Fell during the day.
Bitcoin also fell a bit on the day again as investors refused to invest in the world’s largest cryptocurrency by market capitalization. Today’s bitcoin price recorded a value of $20,082.28 at 1151 IST, a decrease of 1.24 percent over the past day.
“Bitcoin has been in the consolidation phase for nearly 3 weeks, jumping between $18,000 and $22,000. Meanwhile, June 22 saw the largest ever influx of bitcoin in a single month. Onchain data indicated over 150,000 BTC exits From the central exchanges last month.On the weekly time frame, the BTC chart formed a bearish triangle pattern.The weekly RSI was at its lowest and hovering around the 25 level.The next resistance is expected at $32,300, next major support is expected to $14,000.”
On the other hand, Ethereum, the second largest digital currency in the world, was barely holding the $1,100 mark. Today, the price of Ether is also down 2.10 percent, standing at $1,133.64 at the time of writing this article.
“Ethereum vs Bitcoin has been fairly flat in the past four weeks or so. Bitcoin’s dominance has also changed a lot in the past 10 days, hovering above 43%. ETH-BTC monthly chart has formed an ascending triangle, making higher bottoms and trading Currently at support levels. The daily RSI is at a fairly healthy level around 50. The next major support for ETH-BTC is expected at 0.046 and the next resistance is expected at 0.076.”
“Major cryptocurrencies traded lower on Tuesday. Bitcoin was seen trading at $19,000 after trading between the day’s high and low. BTC has struggled to hold more than $20,000 from the past two months. BTC is down nearly 71% from its all-time high. and 57% from the beginning of the year. Meanwhile, Ethereum is also down 70% from its year-to-date loss. Edul Patel, CEO and co-founder of MODRIX, said: “The market volatility continues as the bears seem stronger than the bulls. “.
Here are the top 10 cryptocurrencies and their prices on July 6, 2022, Wednesday, (according to data from coinmarketcap.com)
Bitcoin $20,082.28 or 1.24 percent loss in the past 24 hours
Ethereum $1133.64 or 2.10 percent loss in the last 24 hours
Limit $0.999 or 0.01 percent loss in the last 24 hours
USD 1.00 or 0.02% loss in the last 24 hours
$232.61 BNB or 0.90 percent loss in the last 24 hours
Binance $1.00 or 0.11 percent loss in the last 24 hours
XRP $0.3235 or 0.96 percent loss in the last 24 hours
Cardano $0.4568, or 2.36 percent loss over the past 24 hours
Solana $35.76, or 0.34 percent loss over the past 24 hours
Dogecoin $0.06742 or 2.42 percent loss over the past 24 hours
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