Cryptocurrency Price Today: The global cryptocurrency market on Monday, June 27, remained largely flat after a recovery over the weekend and a step closer to regaining the $1 trillion label. The International Monetary Fund expects the US economy to ‘barely’ avoid a recession this year and next, following the US Federal Reserve’s rate hike that has sparked investor hopes. The crypto market, imitating the stock markets, has recovered on this note. On Monday, the global cryptocurrency market stood at $961.84 billion, a slight drop of 0.29 percent in the past 24 hours.
“Crypto has been trending in the greens since Bitcoin and Ethereum made significant reparations this weekend. Leading cryptocurrencies and meme coins posted a phenomenal recovery, with some taking double-digit gains. Bitcoin now trades above US$21K and remains strong as the International Monetary Fund expects the US economy to “barely avoid” a recession this year and the following, following the rollout of the US Federal Reserve’s aggressive policy to curb inflation,” the CoinDCX research team said.
Bitcoin price is up 0.19% today in the past 24 hours to trade at $21,449.30 at the time of writing, data from CoinMarketCap shows.
Bitcoin has remained fairly neutral over the past week, bouncing between $20K and $22K and closing about 3% higher. Weekly volume brought more buyers to the market at the current price level. Market sentiment has improved significantly, but still remains in the zone of “extreme fear” as small investors continued to accumulate Bitcoin,” according to the WazirX trading desk. An immediate resistance is expected at the $32,300 level and a key is expected at $14,000, it said.
Meanwhile, the world’s second largest cryptocurrency, Ethereum also comfortably stayed at $1,200 on the day. However, the Ether price was slightly down 0.53 percent today, to $1,232.92 at the time of writing, according to data from CoinMarketCap.
“Ethereum vs Bitcoin closed in green for 2 weeks in a row. Last week saw ETH-BTC rise nearly 4%, while Bitcoin’s Dominance Index fell to 43%. The monthly chart for ETH-BTC has formed an ascending triangle pattern, creating higher lows. The daily RSI is approaching neutral. The next major support for ETH-BTC is expected at the 0.046 level and the next resistance is expected at 0.076,” added the WazirX trading desk.
Here are the top 10 cryptocurrencies and their prices as of June 27, 2022, Monday (according to data from coinmarketcap.com)
Bitcoin $21,449.30 or 0.19 percent gain in the last 24 hours
Ethereum $1,232.92 or 0.53 percent loss in the last 24 hours
Tether $0.9994 or 0.00 percent loss in the last 24 hours
USD Coin $1.00 or 0.03 percent loss in the last 24 hours
BNB $240.03 or 0.49 percent gain in the last 24 hours
XRP $0.3647 or 0.46 percent loss in the last 24 hours
Binance USD $1.00 or 0.16 percent loss in the last 24 hours
Cardano $0.5076 or 1.35 percent loss in the last 24 hours
Solana $40.94 or 0.45 percent gain in the last 24 hours
Dogecoin $0.07799 or 11.34 percent gain in the last 24 hours
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