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Cryptocurrency Price Today, July 6: Bitcoin worth at the moment registered a worth of $20,082.28, a dip of 1.24 per cent, on the time of writing this text.
Bitcoin worth at the moment was standing at simply above $20,000 on the time of writing this text
Cryptocurrency Price Today: After a short-lived rebound, the cryptocurrency market was again within the crimson zone on Wednesday, July 6 as investor sentiments remained detrimental in opposition to a volatility within the inventory market. The international cryptocurrency market fell to keep simply above $900 million mark, registering a worth of $901.98 billion. This is a lower of 1.60 per cent previously 24 hours, as per information, as main crypto coins fell over the day.
Bitcoin on the day additionally dipped barely once more as buyers refused to take a position on this planet’s largest cryptocurrency by market worth. Bitcoin worth at the moment registered a worth of $20,082.28 at 1151 IST, which is a plunge of 1.24 per cent over the previous day.
“Bitcoin has been in a consolidation section for almost 3 weeks, bouncing between $18K and $22K ranges. Meanwhile, June’22 noticed the most important outflow of Bitcoin ever in a month. Onchain information indicated that over 150,000 BTC’s exited centralized exchanges within the final month. On the weekly timeframe, the BTC chart has shaped a descending triangle sample. The weekly RSI has been at its lowest section hovering across the 25 degree. The subsequent resistance is anticipated at $32,300 and the following key help is anticipated at $14,000,” mentioned analysts at WazirX commerce desk.
On the opposite hand, Ethereum, the world’s second largest crypto coin was barely holding on to the $1,100 mark. Ether worth at the moment was additionally down by 2.10 per cent, to face at $1,133.64 whereas writing this text.
“Ethereum in opposition to Bitcoin has remained pretty flat within the final 4 weeks or so. Bitcoin’s dominance too has modified a lot previously ten odd days, hovering simply above 43%. The month-to-month chart for ETH-BTC has shaped an ascending triangle sample, making greater lows and is presently buying and selling on the help ranges. The every day RSI is pretty at a wholesome degree of almost 50. The subsequent key help for ETH-BTC is anticipated at 0.046 degree and subsequent resistance is anticipated at 0.076.,” famous the analysts.
“Major cryptocurrencies traded low on Tuesday. Bitcoin was seen altering fingers at US$19,000 after buying and selling between a day excessive and low. BTC has been struggling to carry above US$20,000 from the previous two months. BTC is down by almost 71% from its all-time excessive and 57% down from the start of the 12 months. At the identical time, Ethereum can also be down by 70% on its year-to-date loss. The volatility out there continues as bears look stronger than the bulls,” mentioned Edul Patel, CEO and co founding father of Mudrex.
Here are the highest 10 cryptocurrencies and their costs on July 6, 2022, Wednesday, (According to information from coinmarketcap.com)
Bitcoin $20,082.28 or 1.24 per cent loss within the final 24 hours
Ethereum $1,133.64 or 2.10 per cent loss within the final 24 hours
Tether $0.999 or 0.01 per cent loss within the final 24 hours
USD Coin $1.00 or 0.02 per cent loss in the final 24 hours
BNB $232.61 or 0.90 per cent loss within the final 24 hours
Binance USD $1.00 or 0.11 per cent loss within the final 24 hours
XRP $0.3235 or 0.96 per cent loss within the final 24 hours
Cardano $0.4568 or 2.36 per cent loss within the final 24 hours
Solana $35.76 or 0.34 per cent loss within the final 24 hours
Dogecoin $0.06742 or 2.42 per cent loss within the final 24 hours
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