Cryptocurrency

Arbitrum

Injective

Bitcoin

DeFi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-dominates-cryptocurrency-market-with-over-50-share/" data-wpel-link="internal">Bitcoin Dominates Cryptocurrency Market with Over 50% Share</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://en.coin-turk.com/the-sleeping-giant-awakens-thousands-of-bitcoin-btc-on-the-move/" data-wpel-link="internal">Bitcoin</a> currently holds more than 50% of the market dominance in the cryptocurrency sector and is generally considered less volatile compared to other cryptocurrencies. We explore which altcoins might perform well in June if Bitcoin reaches its all-time high of $73,000.</p> 
<h2 class="p1" style="text-align: justify" id="arbitrum-chart-analysis">Arbitrum Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>ARB/BTC</strong> chart shows a significant downtrend, with price action consistently below the daily Ichimoku Cloud and the 100-Day EMA average. The current consolidation near support levels indicates a critical juncture.</p> 
<p class="p1" style="text-align: justify">This chart reflects the ARB/BTC pair and highlights a consolidation phase below key resistance levels marked by the daily Ichimoku Cloud and the 100-Day EMA average.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-358146 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/arb.webp" alt="" width="1536" height="849"></p> 
<h2 class="p1" style="text-align: justify" id="injective-chart-analysis">Injective Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>INJ/BTC</strong> chart reveals a prolonged downtrend with repeated failures to surpass the daily Ichimoku Cloud and the 100-Day EMA average. The price is currently testing the support level, indicating a potential breakout. This chart shows consolidation at the defined resistance levels. Price action below the daily Ichimoku Cloud and the 100-Day EMA average marks a critical point for potential upward movement.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-358145 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/inj.webp" alt="" width="1536" height="849"></p> 
<p class="p1" style="text-align: justify">Injective Protocol’s successes in the DeFi <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a> could attract significant interest and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> as the DeFi sector expands. INJ’s higher volatility compared to Bitcoin offers greater potential returns during Bitcoin’s upward movements.</p> 
<h2 class="p1" style="text-align: justify" id="ordi-chart-analysis">Ordi Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>ORDI/BTC</strong> chart shows a downtrend with consolidation below the daily Ichimoku Cloud and the 100-Day EMA average. The price is near a support level, indicating a potential breakout.</p> 
<p class="p1" style="text-align: justify">This chart shows consolidation with key resistance levels defined. Price action below the daily Ichimoku Cloud and the 100-Day EMA average indicates a possible upward trend. Ordinals (ORDI), a cryptocurrency project using the Bitcoin ecosystem, could gain significant momentum and increase interest in the entire Bitcoin ecosystem if Bitcoin rises.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-358144 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ordi.webp" alt="" width="1536" height="849"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-dominates-cryptocurrency-market-with-over-50-share/" data-wpel-link="internal">Bitcoin Dominates Cryptocurrency Market with Over 50% Share</a></h5>

Bitcoin Dominates Cryptocurrency Market with Over 50% Share

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