Today’s Cryptocurrency Prices: On Friday, June 10, the global cryptocurrency market remained flat. Bitcoin, Ethereum, and other major crypto coins didn’t see much movement throughout the day. The stock market results had little impact on the cryptocurrency market, as the market did not see much gain and remained bearish. The global cryptocurrency market stood at $1.24 trillion. This was a decrease of 0.83 percent over the last 24 hours data showed. The situation remained more negative
“We are seeing frequent spikes in volatility because market participants are trading within a tight range due to uncertainty about how the crypto market will react to macroeconomic conditions.” Long-term holders are increasing their BTC investments by doubling down, but retail investors remain cautious in the market,” Darshan Bathija (CEO and co-founder of Vauld) said.
According to data
Bitcoin on Friday remained at $30,000 levels after a few days of being choppy and falling below $30,000 consistently. According to CoinMarketCap data, the Bitcoin price fell 1.30 percent to $30,028.56 today at the time this article was written.
Investors are still waiting
for key inflation data to see if Bitcoin will hold the $30,000 level. The inflation numbers are hot and will stay hot in the updated update. The new report suggests that rate hike expectations will rise. “The spread of bad news poses a risk to the crypto market,” stated Kunal Jagdale (founder of BitsAir Exchange).
Ether’s current price was $1,788.19 at the time of writing. This is a 1.14 percent decrease over the last 24 hours. Darshan Bathija stated that “Ethereum’s most recent upgrade – Ropsten’s transition from Proof-of-stake to Ethereum on Wednesday did not move the alt coin’s price.”
On Thursday, the cryptocurrency fell with Bitcoin and Ethereum falling by 1.7% and 1.1%, respectively, as US Treasury yields rose. However, the decline appears to be milder than previous downslopes. This could be due to marginal seller exhaustion or a gradual lifting of regulatory concerns. The CoinDCX research team stated that this could be seen as a reverse of the negative sentiment once so common.
- 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 past 24 hours
- Tether $0.9993 or 0.00% loss in the past 24 hours
- USD Coin $0.9999 – 0.04 Percent loss in the past 24 hours
- BNB $289.36, or 0.78 percent loss in the past 24 hours
- Cardano $0.619, or 4.86 percent loss in the past 24 hours
- XRP $0.4058, or 0.57 percent gain in the past 24 hours
- Binance USD $1.00 or 0.13 Percent Gain in the Last 24 Hours
- Solana 40.01 or 1.07 percent loss in the past 24 hours
- Dogecoin $0.07907 or 1.87 percent loss in the past 24 hours
Today’s cryptocurrency market is trending lower
Bitcoin price fell below $30,000 after a brief spike earlier in the week. The price of the world’s most famous cryptocurrency, Bitcoin, dropped to 2.9%. It was trading at $29 2,276. The digital token has fallen more than 35% this year (YTD) and is trading at a far lower level than its record high of $69,000 in November 2017. In the last 24 hours, cryptocurrency trading volume has reached $68.2 trillion. Bitcoin dominance is at 44.7% while Ethereum dominance stands at 16.2%.
Ether, the cryptocurrency linked to the Ethereum blockchain and the second-largest cryptocurrency, fell further to 6.9% trading for $1,673.61. Dogecoin trades at 0.076157 today, and Shiba Inu traded at 3.4% to $0.00001024.