The cryptocurrency market has fallen to its lowest level this year. (Image: Shutterstock)
Cryptocurrency Prices Today, June 30: Bitcoin price today recorded a value of $19,700.31 at 1217 IST, which is a sharp drop of 2.23% compared to the previous day.
Cryptocurrency prices today: According to a Moody's report, on Thursday, June 30, the global cryptocurrency market fell below $900 million for the second time this year due to concerns about an economic recession as U.S. GDP fell 1.6% in the first quarter of this year. Cryptocurrency markets have felt the consequences of inflationary pressures, causing investors to dive further into extreme fear territory and sell off their coins. The global cryptocurrency market fell below $900 million, reaching a value of $888.01 billion. According to the data, this represents a decrease of 1.52% over the last 24 hours.
“Three Arrows Capital (3AC) exposure puts more selling pressure, creating a panic that causes other hedge funds to collapse. Most individual investors go against the basic principles of investing. Instead of buying low and selling high, you buy when the market is rising and sell when it falls for fear that prices will fall further. Now fear has started to come into play and we can expect prices to fall further,” Kumar Gaurav, CEO and founder of Cashaa, said in a note to news18.com.
Bitcoin also fell below the $20,000 level again on this day as investors refused to invest in the world's largest cryptocurrency by market capitalization. Today's Bitcoin price was $19,700.31 at 1217 IST, down 2.23% from the previous day. On the other hand, Ethereum, the world's second largest cryptocurrency, is barely maintaining the $1,000 level. As this article was being written, the price of Ethereum was also down 5.01% today, hitting $1,075.79.
“Bitcoin temporarily fell below $20,000 yesterday and then recovered again. Cryptocurrency markets were largely unperturbed by the recent liquidation of cryptocurrency hedge fund Three Arrows Capital (3AC). Market sentiment has not changed much and remains in the 'extreme fear' range. On the hourly time frame, the BTC trend formed a channel pattern consolidating between $20K and $22K. The daily RSI is teetering in the oversold zone and hovering around the 25 line. The next major support is expected at $14,000,” the WazirX trading desk said on the downside.
Here are the top 10 cryptocurrencies and their prices as of Thursday, June 30, 2022. (Based on coinmarketcap.com data)
Bitcoin up $19,700.31 or 2.23% in the last 24 hours
Ethereum lost $1,075.79 or 5.01% in the last 24 hours.
Tether $0.9989 or 0.03% return in last 24 hours
USD coins lost $1.00 or 0.01% in the last 24 hours
BNB $217.29 or a loss of 1.10% in the last 24 hours.
Binance USD $1.00 or 0.03% return in the last 24 hours
XRP $0.3252 or 2.76% loss in last 24 hours
Cardano lost $0.458 or 1.97% in the last 24 hours.
Solana lost $32.42 or 7.58% in the last 24 hours.
Dogecoin $0.06642 or 1.56% return in last 24 hours
Read all the latest news, breaking news and watch trending videos and live TV here.