Cryptocurrency rate today: The global cryptocurrency market on Monday, June 6, showed positive signs after bitcoin closed in green after nine consecutive weeks of tracking losses during the shutdown. The Cryptocurrency market The day started in green, after holding flat the day before, and rose 3.99 percent in the past 24 hours. According to the data, the global crypto market The maximum was standing at $1.28 trillion at the time of writing, with experts saying buyers remain on the downside.
Bitcoin It finally broke through the $31,000 levels, days after it was below the $30,000 mark. The price of Bitcoin today was standing at $31,150.14 at the time of writing this article. This was a gain of 4.57 percent over the past 24 hours.
“Bitcoin finally finished the week in green after closing lower for 9 consecutive weeks. BTC gained more than 3% since last night, breaking above $31,000. Bitcoin’s hourly trend has broken above the triangle pattern. Next resistance is expected for BTC at $40,000 and is expected Immediate support at $26,800 However, the market sentiment remains bleak, hovering in the “extreme fear” area, WazirX Trade Desk said.
“Over the past weeks, we have also seen an increase in the dominance of Bitcoin. Typically, in a bear market, the alternative hardware performs less than BTC due to the higher level of risk they have,” said Darshan Bateja, CEO and Co-Founder of Fold. They will stay away from high-risk investments for the time being.
Today’s Ethereum price was still below the $1,900 mark, but it’s up 4.17 percent in the past 24 hours to stand at $1,871.74 per unit, at the time of writing. After a weekend of poor performance, Solana and Cardano among other cryptocurrencies gained more than 7 percent each.
Ethereum vs Bitcoin has remained somewhat neutral over the past week although the Bitcoin Dominance Index continues to reach new highs in more than 7 months. Ethereum price has been positive in the last couple of days. According to Glassnode, the total value stacked in the ETH 2.0 deposit contract has soared to new highs as the Ethereum consolidation date approaches. ETH-BTC daily chart continues to cross the descending channel pattern. The next support for ETH-BTC is expected at the 0.055 level,” WazirX Trade Desk noted.
Here are the top 10 cryptocurrencies and their prices as of June 6, 2022, Monday (data from coinmarketcap.com)
Bitcoin $3,150.14 or 4.57 percent gain in the last 24 hours
Ethereum $1,871.74 or 4.17 percent gain in the last 24 hours
Tying in $0.9993 or 0.00 percent gain in the last 24 hours
USD Coin 1.00 USD or 0.03% loss in the last 24 hours
$305.82 BNB or 2.55% gain in the last 24 hours
Cardano $0.6184 or 9.40 percent gain in the last 24 hours
XRP $0.4015 or 2.40 percent over the past 24 hours
Binance $0.9999 or 0.26 percent loss in the last 24 hours
Solana $41.64 or 7.82 percent gain in the last 24 hours
Dogecoin $0.08283 or 1.96 percent gain in the past 24 hours