Bitcoin Trades Above $30.5K, Ether Below $1900
By Laxmikant Khanvilkar
The cryptocurrency market exploded above $1.2 trillion on the back of major gains from the majority of coins, including Bitcoin.
Bitcoin’s price is up a whopping 18% in the past seven days, trading above $30K at the cut off time for this bulletin.
The week started on the right foot as the price was slowly chipping upwards last weekend. However, it wasn’t until June 20th – on Tuesday – that the bulls really took over. The price exploded above $28K, and by the time everyone knew what was going on, it shot above $29K as well.
PEPE – the meme coin that’s been doing rounds in the past couple of months – is up by a whopping 66% in the past seven days and continues to amaze. It’s become the 69th (yes) largest cryptocurrency by means of total market cap
The rest of the altcoin market is also performing really well. Ethereum is up 13%, ADA is up 12%, SOL – 12%, and so forth. Some of them are lagging behind, which is to be expected. XRP is up only about 5%, while BNB – is around 3%.
The gains in the broader market are seemingly associated with BlackRock’s spot Bitcoin ETF filing, which also spurred a spree of more filings as companies are seeming emboldened by the prospects of approval.
The total crypto market volume over the last 24 hours is $46.4B, which makes a 4.60% increase. The total volume in DeFi is currently $2.86B, 6.17% of the total crypto market 24-hour volume. The volume of all stable coins is now $43.13B, which is 92.94% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 50.02%, an increase of 0.15% over the day.
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