Crypto markets stabilize with small gains and losses after yesterday’s notable growth, with Bitcoin holding $6,300 resistance levels.
Crypto markets are seeing mixed signals today, June 1, after major growth yesterday, June 30. Leading cryptocurrency Bitcoin (BTC) is holding a psychological price point around $6,300 today, the low point of yesterday’s price surge, which reached $6,450.
Most of the top ten coins by market cap are in the red, but showing only slight losses over the past 24 hours, down less than 1 percent. Only three of the top ten are in the green, showing more substantial gains between 3 and 5 percent over the past 24 hours to press time.
Market visualization from Coin360
Bitcoin is currently trading at $6,340, down 0.43 percent over the 24 hours period to press time.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Top altcoin Ethereum (ETH) is down just 0.06 percent, mostly holding yesterday’s gains to trade around $451.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
Total market capitalization of all cryptocurrencies is currently at $256.6 bln at press time, down about $3 billion from yesterday’s high at almost $260 bln. Total market cap is up almost 9% from last week’s market dip Sunday, June 24, when it reached a low of $235.3 bln.
Total market capitalization chart. Source: Coinmarketcap
Among the top gainers, IOTA (MIOTA) is seeing the most gains on the day, up almost 7 percent to trade around $1.07. Cardano (ADA) is seeing the second most growth, up almost 5 percent and trading at $0.14. Stellar (XLM) is close behind, with about 4 percent gains over the past 24 hours, currently trading at almost $0.20.
On June 28, Robert Sluymer of Fundstrat Global Advisors predicted that Bitcoin needs to rally through the $6,300-6,400 resistance level to reverse its existing downtrend.
Source: Cointelegraph https://cointelegraph.com/