Crypto Crash Report 6/29: Up to 10% declines in Bitcoin, Ethereum, BNB, XRP, ADA, Solana, DOT, Dogecoin, SHIB, and AVAX

The volume of the global crypto market over the past 24 hours increased by 6.1% to $60.36 billion. Throughout the time, Bitcoin's market share stayed consistent at roughly 42.5%.

The price of Bitcoin (BTC) has dropped by almost 5% during the past day. BTC was trading for less than $20,000 as of the time of publication. The price of BTC has decreased by 0.75 percent over the past week.

The majority of cryptocurrencies also traded at low prices on Tuesday, along with the US equity markets. Market fluctuations have been causing volatility for Bitcoin and the majority of cryptocurrencies. Yesterday, as downward pressure increased, BTC dropped below the US$21,000 mark, dropping the largest cryptocurrency somewhat lower than it was on Monday. We may anticipate BTC trading over US$22,000 in the coming days if bulls can move above the US$21,000 mark and hold, according to Edul Patel, CEO and Co-Founder of Crypto Investment Platform Mudrex.

"Bitcoin consolidated between $20K and $21K over the course of the previous day, remaining largely flat. The BTC trend has developed a falling channel pattern on the weekly period. The weekly RSI had reached an all-time low a few weeks ago, and it hasn't really improved since then, according to experts at WazirX Trade Desk who shared their findings with FE Online in a note.

Another important point is that the BTC price has, for the second week in a row, closed below the 200-week Moving Average (MA), which is unheard of. The 200-week MA is currently at roughly $22,500, and if Bitcoin (BTC) breaches this level, the major resistance will be around $32,300, or the key support will be at $14,000," the statement continued.

The CoinSwitch Crypto Rupee Index (CRE8) fell 2.28 percent on the previous day to Rs 2252 at the time of writing. Crypto market activity in INR is tracked by CRE8.

Ethereum (ETH): In the previous day, the price of Ethereum dropped by almost 7% to $1124. The price of ETH has climbed by more than 4% during the past week. In terms of market capitalization, it is now positioned as the second-largest crypto asset.

Binance (BNB): In the last day, the price of Binance Chain token fell by almost 8% to $219. The cost of BNB has gone up 3% in the last week. In terms of market capitalization, it is now listed as the fifth-largest crypto asset.

XRP: In the previous day, the price of the XRP coin fell by 6% to $0.3286. The price of XRP has risen by 2.49 percent during the past week. According to market capitalization, it is now the seventh-largest cryptocurrency.

Solana (SOL): In the previous day, the price of Solana dropped by almost 10% to $35. The cost of SOL has gone up by 2.41 percent over the past week. In terms of market capitalization, it is now rated as the 9th largest cryptocurrency asset.

Cardano (ADA): In the previous day, the price of one Cardano token dropped by 4.44 percent to $0.4693. The price of ADA has grown by 0.41% over the past week. In terms of market capitalization, it is now rated as the eighth-largest crypto asset.

Within the past day, Dogecoin's price has dropped by about 10%. When it comes to market capitalization, DOGE is now ranked tenth. DOGE was trading at $0.06515 at the time of this article.

Polkadot's (DOT) cost dropped 6.66 percent to $7.21. The price of Avalanche (AVAX) dropped by about 9% to $18.28 during the past day. On CoinMarketCap, DOT and AVAX are presently rated 11th and 17th, respectively.

The price of Polygon (Matic) dropped by about 4% to $0.5194 over the previous day. MATIC has increased 30% over the past week. On CoinMarketCap, it is presently rated number 18. Matic has increased 52% over the past week.

The price of Shiba Inu (SHIB) fell by over 11% in the previous day to $0.000009715. On CoinMarketCap, it is presently rated number 14.

Source : Financial Express