Bitcoin and Ethereum edge up on a day when cryptocurrencies gain 0.2% in market cap
0.2% to $1.2 trillion.
Price performance of major tokens
Currency 24 hours 7 days Price
Bitcoin (Cryptocurrency: BTC) 0.4% 1.8% 29,934.96 yuan
Ethereum (Crypto: ETH) 0.3% -0.2% $1,807.24
Dogecoin (Crypto: DOGE) -0.8% -1.7% $0.08
Top winners over a 24-hour period (CoinMarketCap data)
24-hour change (+/-) price of cryptocurrencies
Huobi (HT) +5.3% $7.5
Moonlight (GLMR) +4.7% $1.40
Hadera (HBAR) 3.8% $0.094
because it matters
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Edward Moya, senior market analyst at OANDA, said the jobs report “shows a slowdown in job growth and inflation is likely to fall, but the door remains open for the Fed to continue raising rates beyond the summer.”
“Bitcoin remains anchored and follows the downward trajectory of equities. Fed rate hike expectations need to be lowered for bitcoin to stabilize further, and today’s jobs report didn’t help,”Moya said in a report seen by Benzinga.
Stock futures traded little changed after a week of losses on Wall Street, with S&P 500 and Nasdaq futures down 0.2% and 0.15%, respectively, at press time.
Heading into a new trading week, investor sentiment continues to be clouded by “extreme fear” branded alternative. me’s “Crypto Fear and Greed Index.”
Michaël van de Poppe commented that cryptocurrency price action was “boring” and noted low trading volumes.
“The game for around $29,300 is still the main game. However, if we want to continue, I prefer $29,750 as support,”the cryptocurrency trader tweeted.
A bit boring price action for #BITCOIN as trading volume is also decreasing.
Games starting at $29.3 are still the main games.
However, if we want to continue, I would prefer to see $29.75K as support here.
If that is lost, the next step is the CME gap.
If we keep at it, Green Week is coming. PIC.TWITTER.COM/LQMHOSV25S
— MICHAËL VAN DE POPPE (@CRYPTOMICHNL) June 5, 2022
Analyst Ali Martinez said that Ethereum’s upside potential in the current scenario is limited to the $2,150 to $2,550 level. The analyst, referring to the second-largest cryptocurrency’s chart, said it has broken out of a symmetrical triangle and expects a 65% correction to $900.
“, $1,700 support is strong. Only a weekly close for this dove martin can be verified, levelnes tweeted, tweeted it, it’s factional..
