Bitcoin

Litecoin

Dogecoin

Ethereum

Metal DAO

TRON

Cardano

XDC Network

Polygon

UNUS SED LEO

Solana

Today’s market seems to have taken a bearish momentum as the global market cap recorded a 2.5% drop within a day to take the total cap to $1.1T as of press time. <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is now facing huge resistance at the $27K mark as bears now look to dominate the crypto king’s network.Trading at $26.3K, BTC had seen a drop in valuation of 2.2% as the weekly drop also stood at 1.9% as of press time. BTC had a market cap of $510,798,172,042 as its circulating supply stood at 19,395,937 BTC as of press time.Bitcoin’s volatility levels are rather stable as the Bollinger bands now move at a closer distance to each other indicating reduced volatility. The relative strength index indicator is however moving below its average line, indicating a bearish trend on Bitcoin as bears push for the oversold region.The MACD indicator is also now moving on the negative side, signaling a bearish trend on the network, as activity on BTC’s market places the asset as the top most trending asset on CoinMarketCap.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ac51d7c8c9c4473d83ead6471a241808.png" />BTC 1-day chart | Source: <a href="https://www.tradingview.com/chart/zhJr3zVm/?symbol&#61;BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a><h2 id="header-0">Altcoin analysis</h2><a href="https://blockchainreporter.net/ethereum-price/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> is also having a rather tough session as the asset records a 2.4% drop in valuation within 24 hours of trading to take its price to $1836 as of press time. ETH has a current trading volume of $7,192,611,939 as the circulating supply also stands at 120,230,939 ETH.Other <a href="https://blockchainreporter.net/altcoins/" rel="noopener noreferrer nofollow">altcoins</a> are also in for a tough session with <a href="https://blockchainreporter.net/ripple-price/" rel="noopener noreferrer nofollow">Ripple (XRP)</a>, Cardano (ADA), Dogecoin (DOGE), <a href="https://blockchainreporter.net/solana-price/" rel="noopener noreferrer nofollow">Solana (SOL)</a>, Polygon (MATIC), and Litecoin (LTC) all recording tremendous losses of 3%,6%, 3.4%, 8.5%, 5.8% and 3.4% within a day of trading as Tron (TRX), saw mild gains of 0.7%.Metal Dao (MTL), ranking as the second most trending asset, is today’s top looser after recording a 41% drop in valuation within a day of trading to take its price to $1.1791 as of press time, with a trading volume of 373.43M and a market cap of 78.52M.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/48785a02e0e541cfb3a2afbd266fb9c1.png" />MTL 1-day chart | Source: <a href="https://coinmarketcap.com/community/search/top/metal/" rel="noopener noreferrer nofollow">CMC</a>Despite the bearish trend, XDC Network (XDC), has seen minor gains of 2% within the same period to take its price to $0.03441 with a market cap of $476,362,694 and a trading volume of $2,315,079, representing a 13% increase, as the asset ranks at #79 on CoinMarketCap.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b63047369d954263828e34324c4aa744.png" />XDC 1-day chart | Source: <a href="https://coinmarketcap.com/currencies/xinfin/" rel="noopener noreferrer nofollow">CMC</a>Another notable gainer in today’s session is UNUS SED LEO (LEO), which has seen a 0.5% gain within 24 hours to take its price to $3.52 as of press time, with a circulating supply of 930,173,817 LEO.

Markets Dip Again as XDC Defies the Odds with Minor Gains

Markets Dip Again as XDC Defies the Odds with Minor Gains

Tabla de contenidos

BlockchainReporter

Otros artículos publicados el 8 jun 2023

Binance CEO Behind Something Extremely Sketchy, SEC Confirms

Claire Silver and RSTLSS to create a digital fashion minting experience

Expert Warning: Protect Your Bitcoin Amidst Impending Insolvency of Crypto Custody Firm

European regulator alleges Crypto entities use social media to promote misleading information

QolaQ Foundation : the First Web3 Mutual Aid Platform Receives Stellar Community Soroban Grant & ...

World Mobile Plans Major African Expansion of Its DeWi Service

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!