June 4 cryptocurrency prices: Avalanche, Shiba Inu, and Bitcoin drop up to 5% but Bitcoin stays over $68K.
Tuesday’s cryptocurrency markets saw a slight decline, led by Shiba Inu, Ethereum, and Bitcoin.
At 1:18 PM, Ethereum was down 1.4% to $3,761, while Bitcoin (BTC) was down 0.4% at $68,766. Prior to now, Bitcoin reached a high of $70,230. “Bitcoin crosses the $70,000 threshold, seemingly ready for its next surge after positive US inflation figures. The US Fed’s potential interest rate decrease at its next meeting this month has been discussed in light of the weaker inflation numbers, according to BuyUcoin CEO Shivam Thakral.
See https://economictimes.indiatimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-4-bitcoin-holds-above-68k-shiba-inu-avalanche-tank-up-to-5/articleshow/110701189.cms for further information.
See https://economictimes.indiatimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-4-bitcoin-holds-above-68k-shiba-inu-avalanche-tank-up-to-5/articleshow/110701189.cms for further information.
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As predicted by the massive financial institution Standard Chartered, Bitcoin should surpass $100,000 if it smashes its all-time high once again. The macroeconomic conditions are favorable, and it is anticipated that the present pace will continue.”
“Bitcoin is currently range-bound between $68,000 and $70,000 amid heightened trading activity across markets,” Giottus CEO Vikram Subburaj said. Yesterday, the taker buy/sell ratio for bitcoin reached a high of 1.13, the highest since the beginning of 2024, signaling strong purchasing activity.”
Up to 5% of other well-known cryptocurrencies saw declines, including BNB, XRP, Dogecoin, Cardano, Shiba Inu, Avalanche, Chainlink, and Polkadot.
See https://economictimes.indiatimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-4-bitcoin-holds-above-68k-shiba-inu-avalanche-tank-up-to-5/articleshow/110701189.cms for further information.
The biggest cryptocurrency in the world, Bitcoin, had a decline in market capitalization to $1.353 trillion in the last day. 53.14% of the market is now occupied by Bitcoin, according to CoinMarketCap. The volume of BTC increased by 19% to $29 billion in the past day.
“The next resistance levels for BTC are at $69,300 and $70,400, with support at $67,700,” said Edul Patel, CEO of Mudrex. In the meanwhile, Ethereum has been maintaining a price above $3,700 for a number of days, suggesting that bulls are trying to hold this level as well.
See https://economictimes.indiatimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-4-bitcoin-holds-above-68k-shiba-inu-avalanche-tank-up-to-5/articleshow/110701189.cms for further information.
for live crypto market analysis https://coinmarketcap.com/charts/