- The cryptocurrency market shows an enormous correction phase in June 1st week.
- Bitcoin put down below $8,000 and hovering around $ 7,969.35, with a market cap of $141,377,688,658.
- Virtually all the altcoins including Ethereum and Ripple dipped in red on CoinMarketCap data.
- Still, there is a weigh down in the recovery.
The cryptocurrency market is not moving in a good direction and showing a downturn once again after May last week. On June 4, the major digital currency Bitcoin (BTC) has dropped below $8000 and in under 12 hours, approx.…. $20 billion has been removed from the bull market. The leading cryptocurrency which was enjoying the surging market trend and achieved a milestone on May 30 with $9000, has again back to the square one. With Bitcoin (BTC) losing its control on $8000 subsequently affecting the state of affairs of the respecting altcoins as well. The overall market was hit by $251 billion after the huge sell-off.
Let’s have a look at the price conditions of the tumbling cryptocurrencies:
The leading digital currency trading at $7,988.71 as of press time. Bitcoin has lost over $2.67% of its value as per the intraday charts. However, Bitcoin (BTC) still have market dominance of 55.8%, keeping a market cap of $140 billion. Its 24-hour exchange traded volume is $22 billion.
The recent selloff affected one of the largest altcoins too. Ethereum (ETH) the smart contract platform on May 30, has enjoyed highs over $287. However, today trading low at a price of $249.79. Eth has lost -4.28% in 24-hour and owing a market capitalization of $26 billion with a $9.5 billion of the 24-hour trading volume.
The 3rd rank holder in the digital currency space and the native of the Ripple Consensus Ledger Ripple (XRP) is also running miserable due to the market sentiments. One of the most efficient settlement options Ripple (XRP) is trading at a price of $0.416119 USD, reflecting a circulating supply of 42,181,995,112. In the past 24-hours, XRP has gone to 6.23% of its value. The altcoin has a market cap of $17 billion and a 24-hour trading volume of $2.4 billion. Ripple (XRP) is enjoying a return on investment approx.…. 6,984.28%.
Interestingly, Binance Coin (BNB) in the past 1-hour shown a gain of 0.04% which was trading low by -3.50%. Bitcoin SV (BSV) still not yet affected so much and enjoyed a gain of 5.12% in the past 24-hours and 89.22% in the last 7days. BitcoinSV (BSV) is trading decently at a price of $227.47 with a circulating supply of 17,817,711. The past one hour conditions of Tether (USDT), Stellar (XLM), Tron (TRX) are showing a green phase by 0.12%, 0.18%,0.35% respectively.
Tags: Cryptocurrency, Market Price Updates, Bitcoin (BTC), Etherum (ETH), Ripple (XRP),
Binance Coin (BNB),Bitcoin SV (BSV),Tether (USDT), Stellar (XLM),Tron (TRX), Trade Volume