Cryptocurrency Prices on June 6: Bitcoin holds near $71K, Altcoins trade flat
At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.
«Bitcoin hovered around the $71,000 level with increasing inflows in the Bitcoin spot ETFs and rising open interest in the futures market. The $72,000 level continues to be a significant resistance,» said Edul Patel, CEO of Mudrex.
«Ethereum also saw a surge and is trading above the $3,800 level. A break above the $4,100 can suggest resumption of the uptrend,» Edul added.
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View Details»Other popular altcoins including BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, Shiba Inu, and Chanilink fell up to 5%, while Tron, Bitcoin Cash, Litecoin and Kaspa surged up to 1%.
«Top altcoins are mirroring Bitcoin with BNB testing its 2021 highs around $700. Bitcoin needs a weekly close above $71,000 to fuel a sustained rally,» said Vikram Subburaj, CEO of Giottus.
The volume of all stablecoins is now $78.96 billion, which is 13.58% of the total crypto
