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Cryptocurrency price today: Globalism Cryptocurrency The market remained below the $1 trillion mark on Wednesday, June 15th, as bears tightened their grip on it. The massive global sell-off and the expectation of an interest rate hike by the US Federal Reserve have prompted investors to reduce their appetite for risk, the impact of which can be felt in the cryptocurrency market with major currencies including Bitcoin Ethereum disposal values to measure new lows in years. Globalism Cryptocurrency market It was standing at $935 billion, down 3.68 percent on the day.
The cryptocurrency market had another rough start to the week with most crypto assets trading above in the red. The total market capitalization of cryptocurrencies has fallen below the 1 trillion mark and the total crypto volume in the last day has reached $151 billion. “The panic was likely caused by a leading crypto lending platform that announced it was halting most services such as withdrawals amid a market crash that likely contributed to a selloff across crypto assets,” said Charles Tan, chief marketing officer at Atato.
“Before the Fed rate hike decision, most markets were in the red. Many market participants are now expecting a 75 basis point hike, and will likely listen closely to how the Fed plans to move forward.”
Data from Glassnode also shows that exchange flow has increased over the past two days; Once again, this indicates frightening market sentiment as most investors are selling in and out of the markets.”
Bitcoin is down on the day again to its lowest level since December 2020, trading at the $21,000 mark almost two years later. The price of Bitcoin today is down 6.92 percent to stand at $21,219.49 at the time of writing this article. Meanwhile, the price of Ether today fell by 7.97 percent to stand at $1,127.57
At the time of writing this article.
“BTC price has been hovering around 22K after the last two turbulent days which saw Bitcoin drop more than 20% and the Dollar Index (DXY) surge to 106. The BTC daily trend has now formed a bearish channel pattern after breaking its previous support. Expected to reach The next major support for Bitcoin is $19,000. Interestingly enough, the BTC trend has reached a major support at the 200-week moving average curve. Historically, this has only happened 3 times in the past and the markets started an uptrend after this event with Few weeks of consolidation,” noted WazirX Trade Bureau.
Here are the top 10 cryptocurrencies and their prices on June 15, 2022 (according to data from coinmarketcap.com)
Bitcoin $21,219.49 or 6.92% loss over the past 24 hours
Ethereum $1,127.57 or 7.97 percent loss in the past 24 hours
Limit 0.9987 USD or 0.02 percent loss in the last 24 hours
USD Coin gained $1.00 or 0.00 percent in the last 24 hours
$211.22 or a loss of 6.43 percent in the last 24 hours
Binance $1.00 or 0.03 percent loss in the last 24 hours
Cardano $0.461 or 5.07% loss in the last 24 hours
XRP 0.3037 USD, or 4.66 percent loss in the last 24 hours
Solana $28.04 or 7.43 percent loss over the past 24 hours
Polkadot $7.21 or 2.20 percent loss over the past 24 hours
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