Bitcoin, Tron, BNB, and Litecoin showed gains, while Ethereum, XRP, Dogecoin, and Cardano were trading with cuts in Tuesday’s cryptocurrency markets. BTC volume in the last 24 hours was approximately $15.25 billion. The global cryptocurrency market cap was trading around $1.18 trillion, with DeFi volume accounting for 7.58% of the total crypto market 24-hour volume. Bitcoin’s dominance in the market rose to 49.97%. A clear breakout above $31.5k-$33.5k levels could potentially start a rally towards the psychological figure of $50k, said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk.
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Explore NowThe cryptocurrency markets were trading mixed in Tuesday’s trade. Bitcoin, Tron, BNB, and Litecoin were trading with gains, while Ethereum, XRP, Dogecoin, and Cardano were trading with cuts.
Bitcoin (BTC) rose 0.32% to $30,360, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.25 billion, rising 14.39% in the last 24 hours.
“Bitcoin continues to show strength above $30,000 with its market dominance above 50%. It is likely to consolidate around this level in the upcoming week. If it can break the $32,400 resistance in the upcoming days, a strong rally towards $35,000 levels is possible,” Vikram Subburaj, CEO of Giottus Crypto Platform, said.
The global cryptocurrency market cap was trading around $1.18 trillion, rising 0.27% in the last 24 hours.
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View Details »The total volume in DeFi s $2.79 billion, 7.58% of the total crypto market 24-hour volume. The volume of all stablecoins is now $34.23 billion, which is 92.96% of the total crypto market 24-hour volume.
“The decentralized finance (DeFi) sector has been a key contributor, boasting a current volume of $2.79B, accounting for 7.58% of the overall crypto market’s 24-hour volume. This surge highlights the growing importance of DeFi within the broader crypto ecosystem, as it continues to gain traction and attract significant investment. Exciting times lie ahead for both the crypto market and the DeFi space,” Shivam Thakral, CEO of BuyUcoin, said.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $589 billion. Bitcoin’s dominance is currently 49.97%, an increase of 0.06% over the day, according to CoinMarketCap.
Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, “After a tremendous rally from $25k to $31.5k, Bitcoin (BTC) has been consolidating around $30k, which can be considered as a pullback after such a big move.”
“$31.5k has been a historic price and quite a significant one. A clear breakout above $31.5k – $33.5k levels could potentially start a rally towards the all-important psychological figure of $50k,” he added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 10.43 hours, IST on June 27, 2023)
Bitcoin $30,360 0.32%
Ethereum $1,871 -0.35%
Tether $0.9998 -0.04%
BNB $238 0.83%
XRP $0.4829 -0.51%
Cardano $0.282 -1.96%
Dogecoin $0.06521 -1.01%
Polygon $0.6573 0.25%
Solana $16.52 -1.32%
Litecoin $88.06 1.02%
Polkadot $5.09 -1.48%
Tron $0.07473 2.50%
Avalanche $13.26 -1.47%
Shiba Inu $0.000007611 -1.49%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)