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Cryptocurrency Price Update (7,June): Bitcoin, Ethereum, Solana, Avalanche, Matic Bleeds more than 5%

07-Jun-2022 By: Polus Fansare
Cryptocurrency Price


Cryptocurrency Price Update (7,June): Bitcoin, Ethereum, Solana, Avalanche, Matic Bleeds more than 5%

After a short rally in crypto market the price get pullback and the whole market turn to red. The global crypto market-cap get big hit by bears. According to Coingabbar,the crypto market cap was $1.27 trillion at the time of writing, fall 4.4 percent from the previous day.

Bitcoin’s dominance as top crypto asset is currently at 44.36% . In the last seven days, the price of Bitcoin has rise by 2.87 percent. Cryptocurrency prices today bleed with BTC below the $29,500. We've also seen Bitcoin's dominance rise in recent weeks. In negative markets, alts typically underperform Bitcoin because they have a higher risk profile. The risk-off strategy suggests that investors will avoid high-risk ventures for the time being.

Meanwhile, the price of Bitcoin(BTC) has hold the $29,300 support, reverse itself from $31,400. It starts the day at $31,361 and get pulled downside.

Over the last 24 hours, the entire cryptocurrency market volume rise by 35.1 percent to $81.2 billion. The overall volume in DeFi was rise by 32.1% to $6.5. The 24-hour volume of stable coins was $53.3 billion, accounting for 65 percent of the total crypto market volume.

Bitcoin’s dominance as top crypto asset is currently at 44.54% and Ethereum dominance as 2nd top crypto asset at 17.5%. In the last seven days, the price of Bitcoin has fall by 6.98 percent. Cryptocurrency prices today bleed with BTC below the $29,500. BTC fall by 5.93%, worth $29,490 at the time of writing.

The public became aware of the development when Ripple published a new job opening in Bengaluru for a Senior Project Manager, Central Banks.

According to the job posting, Ripple may be launching a new office in India. Bengaluru is known as India's "Silicon Valley," so it's no surprise that the company chose this area for its headquarters. 

Top Crypto Rates

Ethereum (ETH): Ethereum price fall by 5.73% to $1753 in the last 24 hours. In the last 7 days, ETH price has fall by 12.03%. Ranked 2nd as market capitalization at Coingabbar.

Binance (BNB): Binance Chain coin’s price fall by 4.64% to $281 in the last 24 hours. In the last 7 days, BNB price has fall by 12.31%. Ranked 5th as market capitalization at Coingabbar.

XRP : XRP coin’s price fall by 3.01% to $0.3905 in the last 24 hours. In the last 7 days, XRP price has fall by 6.78%. Ranked 7th as market capitalization at Coingabbar.

Solana(SOL): Solana price fall by 7.29% to $39.32  in the last 24 hours. In the last 7 days, SOL price has decreased by 7.08%. Ranked 9th as market capitalization at Coingabbar.

Cardano (ADA): Cardano token’s price fall by 3.38% to $0.5857 In the last 24 hours. In the last 7 days, ADA price has rise by 2.97%. Ranked 6th as market capitalization at Coingabbar.

Popular memecoin Dogecoin(DOGE) price fall by 3.76% in the last 24 hours. Ranked 10th as market capitalization at Coingabbar.

Prices of Polkadot (DOT) fall by 4.52% to $9.08 while  Avalanche (AVAX) fall by 6.67% to $23.72. Ranked 11th and 15th as market capitalization at Coingabbar.

Polygon (Matic) price fall by 5.85% to $0.623 in the last 24 hours. Ranked 21th as market capitalization at Coingabbar.


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