AgenciesThe cryptocurrency markets were trading mixed on Friday. Bitcoin, XRP, and Polygon were trading with gains, while Ethereum, BNB, and Cardano were trading with cuts.
Bitcoin (BTC) rose 0.58% to $26,532, whereas Ethereum (ETH) was below the $1,850 level. The global cryptocurrency market cap was trading higher around $1.1 trillion, rising 0.53% in the last 24 hours.
"Crypto markets have traded sideways in the last 24 hours. The crypto fear and greed index continues to maintain yesterday’s position right in the middle of the scale with 50 points. BTC’s hold around $26.5k remains firm despite events pertaining to the SEC lawsuits and the upcoming monetary policy decision by the Feds due next week," Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said.
The total volume in DeFi stood at $1.91 billion, 7.38% of the total crypto market 24-hour volume. The volume of all stablecoins is at $24.7 billion, which is 95.36% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $515 billion. BTC volume stood at approximately $11.85 billion, falling 31.34% in the last 24 hours. Bitcoin’s dominance is currently 46.69%, an increase of 0.10% over the day, according to CoinMarketCap.
"The SEC action on crypto firms has not impacted BTC prices in a big way as the world’s largest crypto holds strong above the $26,000 mark. The largest altcoin, ETH, also remains resilient and did not slide further in the last 24 hours which is mainly due to optimism around Fed’s monetary policy decision which is due next week. There is a sense in the market that Fed may relax its hawkish stance to boost market liquidity," Shivam Thakral, CEO of BuyUcoin, said.
Rajagopal Menon, Vice President at WazirX said, "Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) at 35 and the Average Directional Index (14) at 22 indicate a Neutral outlook as well.
"The MACD Level (12, 26), at −261, indicates Sell. The Stochastic RSI Fast (3, 3, 14, 14) is Neutral at 41 and William's Percentage indicates Neutral at -64 as well," Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.27 hours, IST on June 9, 2023)
Bitcoin $26,532 0.58%
Ethereum $1,838 -0.10%
Tether $1.00 -0.04%
BNB $258 -0.51%
XRP $0.5231 0.53%
Cardano $0.3169 -2.98%
Dogecoin $0.6776 0.03%
Polygon $0.7797 1.83%
Litecoin $87.79 -0.41%
Polkadot $5.01 -0.48%
Tron $0.07765 0.93%
Avalanche $13.83 -0.52%
Shiba Inu $0.000007925 -0.16%
(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)
Bitcoin (BTC) rose 0.58% to $26,532, whereas Ethereum (ETH) was below the $1,850 level. The global cryptocurrency market cap was trading higher around $1.1 trillion, rising 0.53% in the last 24 hours.
"Crypto markets have traded sideways in the last 24 hours. The crypto fear and greed index continues to maintain yesterday’s position right in the middle of the scale with 50 points. BTC’s hold around $26.5k remains firm despite events pertaining to the SEC lawsuits and the upcoming monetary policy decision by the Feds due next week," Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said.
The total volume in DeFi stood at $1.91 billion, 7.38% of the total crypto market 24-hour volume. The volume of all stablecoins is at $24.7 billion, which is 95.36% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world's largest cryptocurrency, was around $515 billion. BTC volume stood at approximately $11.85 billion, falling 31.34% in the last 24 hours. Bitcoin’s dominance is currently 46.69%, an increase of 0.10% over the day, according to CoinMarketCap.
"The SEC action on crypto firms has not impacted BTC prices in a big way as the world’s largest crypto holds strong above the $26,000 mark. The largest altcoin, ETH, also remains resilient and did not slide further in the last 24 hours which is mainly due to optimism around Fed’s monetary policy decision which is due next week. There is a sense in the market that Fed may relax its hawkish stance to boost market liquidity," Shivam Thakral, CEO of BuyUcoin, said.
Rajagopal Menon, Vice President at WazirX said, "Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) at 35 and the Average Directional Index (14) at 22 indicate a Neutral outlook as well.
"The MACD Level (12, 26), at −261, indicates Sell. The Stochastic RSI Fast (3, 3, 14, 14) is Neutral at 41 and William's Percentage indicates Neutral at -64 as well," Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.27 hours, IST on June 9, 2023)
Bitcoin $26,532 0.58%
Ethereum $1,838 -0.10%
Tether $1.00 -0.04%
BNB $258 -0.51%
XRP $0.5231 0.53%
Cardano $0.3169 -2.98%
Dogecoin $0.6776 0.03%
Polygon $0.7797 1.83%
Litecoin $87.79 -0.41%
Polkadot $5.01 -0.48%
Tron $0.07765 0.93%
Avalanche $13.83 -0.52%
Shiba Inu $0.000007925 -0.16%
(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)
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