Cryptocurrency Price Today: After a week of choppy sessions that took it to an all-time low, the global cryptocurrency market recovered partially on Monday, June 18 on mixed global signals. The crypto markets recovered after several choppy sessions that wiped out all gains of the past few years, but were still below $900 billion as stock markets remained shaky. However, on Monday, major cryptocurrencies, excluding stablecoins, recovered sharply, taking the global cryptocurrency market value to $878.60 billion, up 8.51 percent in the past 24 hours. Total cryptocurrency trading volume, meanwhile, dropped to $78.79 billion, a 14.86 percent drop in the past 24 hours, according to data.
Bitcoin, the world’s largest cryptocurrency, bounced back to the $20,000 mark after hitting an all-time low over the weekend, but barely held on to that position. Today’s Bitcoin price stood at $20,116.07 at the time of writing this article, having jumped a whopping 9.98 percent in the past 24 hours.
“Bitcoin and the crypto markets have plunged to new lows in recent years as overall global markets fell. BTC fell more than 20 percent in the past week alone, to below $18,000, a new low in more than 1.5 years before recovering marginally. The monthly chart for Bitcoin is moving within an ascending channel pattern but is about to break out of the support levels. The monthly RSI continued to fall after hitting an all-time low a few days ago. The BTC trend broke the previous resistance of $19,000 and it could end up between $15K and $18K. Next Bitcoin support is expected at $14,000,” the WazirX trading desk said.
Meanwhile, Ether price was up 13.62 percent today to $1,083.87 at the time of writing this article, according to data from CoinMarketCap. Dogecoin, Solana and Cardano each rose by up to 13 percent, contributing to the cryptocurrency market’s comeback on the day.
“Ethereum broke below $900 in the past week, while it has fallen more than 20 percent during that period. However, ETH against Bitcoin gained nearly 2 percent in the past week as Bitcoin’s Dominance Index fell to nearly 44 percent. The weekly chart for ETH-BTC has broken below the rising triangle pattern. The next major support for ETH-BTC is expected at the 0.046 level and the next resistance is expected at 0.076,” noted the WazirX trading desk.
Here are the top 10 cryptocurrencies and their prices as of June 20, 2022, Monday (according to data from coinmarketcap.com)
Bitcoin $20,116.07 or 9.98 percent gain in the last 24 hours
Ethereum $1,083.87 or 9.65 percent gain in the last 24 hours
Tether $0.9987 or 0.01 percent loss in the last 24 hours
USD Coin $1.00 or 0.02 percent loss in the last 24 hours
BNB $208.91 or 8.98 percent gain in the last 24 hours
Binance USD $1.00 or 0.02 percent gain in the last 24 hours
Cardano $0.4688 or 6.47 percent gain in the last 24 hours
XRP $0.3173 or 5.47 percent gain in the last 24 hours
Solana $32.30 or 10.38 percent profit in the last 24 hours
Dogecoin $0.0583 or 13.06 percent gain in the last 24 hours
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