Bitcoin Steady at $30K, Ether, Cardano Track Losses; See the list
Cryptocurrency price today: On Friday, June 10, the global cryptocurrency market remained largely flat as Bitcoin, Ethereum and other major cryptocurrencies did not see much movement throughout the day. The stock market situation, with all its consequences, did not have a huge impact on the cryptocurrency market as it did not register much gains and remained on the downside. Data showed that the global cryptocurrency market was standing at $1.24 trillion, down 0.83 percent over the past 24 hours, as the situation remained more negative.
“We are seeing frequent short-term spikes in volatility as market participants are trading in a tight range because they are unsure of how the cryptocurrency market will react to macroeconomic conditions,” said Darshan Bhattija, CEO and co-founder of Fold, as range holders double in size. Long their investments in Bitcoin, retail investors are still risk averse in the current market.
After a few days of constant volatility and consistently falling below the $30,000 mark, Bitcoin on Friday once again held steady at $30,000 levels, according to the data. Today, bitcoin is down 1.30 percent to $30,028.56 at the time of writing, according to data from CoinMarketCap.
“Bitcoin continues to hold the $30,000 level ahead of investors awaiting key inflation data, which will hint at what the Federal Reserve may do in September. Inflation numbers are high and will remain high in the new update. Rate hike expectations are likely to rise after the new report,” he said. Kunal Jagdel, founder of BitsAir Exchange, “The cryptocurrency market is in danger of selling before the bad news breaks.”
Meanwhile, the price of Ether today was standing at $1,788.19, down 1.14 percent over the past 24 hours. “The recent Ethereum upgrade – Ropsten testnet’s move to Proof of Stake on Wednesday failed to move the altcoin price,” said Darshan Bateja.
Cryptocurrencies fell on Thursday, with Bitcoin and Ethereum dropping 1.7% and 1.1%, respectively, as US Treasury yields rose. However, the pullback appears to be relatively moderate compared to previous bearish rallies, possibly as a result of marginal seller fatigue and a gradual easing of regulatory concerns. With a significant amount of institutional capital still flowing into the crypto space, this can be seen as a reflection of the negative sentiment that will one day prevail,” said the CoinDCX research team.
Here are the top 10 cryptocurrencies and their prices on June 10, 2022 (according to data from coinmarketcap.com)
Bitcoin $30,028.56 or 1.30 percent loss in the past 24 hours
Ethereum $1,788.19 or 1.14 percent loss in the last 24 hours
Limit 0.9993 USD or 0.00 percent loss in the last 24 hours
USD Coin $0.9999 or 0.04 percent loss in the last 24 hours
BNB $289.36 or 0.78 percent loss in the last 24 hours
Cardano $0.619 or 4.86 percent loss over the past 24 hours
XRP $0.4058 or 0.57 percent over the past 24 hours
Binance gains $1.00 or 0.13 percent over the past 24 hours
Solana $40.01 or 1.07 percent loss in the past 24 hours
Dogecoin $0.07907 or 1.87 percent loss over the past 24 hours
Read all files latest news And the Breaking news And the IPL 2022 Live Updates over here.