Investors are still in extreme fear territory, and we have entered a bear market.
Cryptocurrency prices today, June 18: The price of Bitcoin today is $19,292.81 at the time of writing this article, down 8.61% in the last 24 hours.
Cryptocurrency prices today: On Saturday, June 18, global cryptocurrency markets continued to decline as major cryptocurrencies appeared to not recover as investors refused to invest any more. According to data from CoinMarketCap, the cryptocurrency market cap has now fallen below $900 billion and stands at $853.11 billion at the time of this writing. It fell 5.41% from the previous day. Investors are still in extreme fear territory, and we have entered a bear market at a time when the US Federal Reserve (Fed) has raised interest rates by a sharp 75 basis points.
“The overall cryptocurrency market capitalization has fallen to less than $900 billion, down slightly from the previous day. The overall cryptocurrency market size decreased by over 14% to $64 billion, which clearly demonstrates the bearish sentiment in the market,” said Tarusha Mittal, COO and co-founder of Unifarm, a group staking platform. At the time of writing, the cryptocurrency market size has fallen by 22.90% to $59.01 billion over the past 24 hours, according to CoinMarketCap data.
Mittal also said that if Bitcoin maintains the $20,000 support level, sellers will take a break. However, on this day, Bitcoin fell below the $20,000 level and missed the support line. The price of Bitcoin today is $19,292.81 at the time of this writing, down 8.61% in the last 24 hours. Meanwhile, the price of Ethereum fell 9.65% today, reaching $1,004.94 at the time of writing.
“Looking at the weekly performance of the two largest cryptocurrency assets, Bitcoin and Ethereum are down nearly 35% and 40% respectively. Investors are shifting funds away from riskier cryptocurrency assets and into stablecoins like USDT. Tether has been trading at a premium in the P2P market since early this month, predicting strong demand. Altcoins like Solana and XRP surged close to 3% due to the overall mini-crypto rally in the altcoin space. Markets are expected to remain volatile in the coming weeks as central banks across the world continue to take stringent measures to curb inflation,” Mittal said.
Here are the top 10 cryptocurrencies and their prices as of June 18, 2022 (according to coinmarketcap.com data):
Bitcoin lost $19,292.81 or 8.61% in the last 24 hours.
Ethereum $1,004.94 or a loss of 9.65% in the last 24 hours.
Tether $0.9988 or a loss of 0.00% in the last 24 hours.
USD coins lost $1.00 or 0.04% in the last 24 hours.
BNB $201.46 or a loss of 8.97% in the last 24 hours.
Binance USD lost $1.00 or 0.02% in the last 24 hours.
Cardano $0.4597 or a loss of 7.72% in the last 24 hours.
XRP lost $0.31 or 7.26% in the last 24 hours
Solana lost $28.85 or 7.62% in the last 24 hours.
Dogecoin $0.05399 or lost 5.14% in the last 24 hours.
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