The entire cryptocurrency market has woken up from its slumber and is now recovering in little strides. Last week and the one before saw the market experiencing some topsy-turvy leaving investors and the global crypto community in confusion as to if the corrections had come to a close. Bitcoin touched the $28k price market after the China-Sichuan mining announcement.
However, as of June 29, the market is healing as most investors and crypto traders try to recoup their losses. Market capitalization of the whole market stands at $1.41 trillion, going up 2.6 percent in contrast with the figure recorded over the past 24 hours.
Total volume of transactions in the past 24 hours sums up to $81.70 billion, low by 9.56 percent.
Stablecoins are currently doing well, posting $64.26 billion in volume, which is a whopping 78.66 percent of the 24-hour volume of the entire market. Price of top crypto asset, Bitcoin is positioned at $35,529.27, -0.35 change within the last 24 hours and 5 percent within 7 days. The asset’s dominance sits at 47 percent, a 2 percent uptrend over the past day.
Ethereum Back To $2000 Range
Per data from coinmarketcap, Ethereum is back to the $2,000 range now after falling to as low as $1,700, last week. ETH price is now at $2,174, (24-hour change of 6.86 percent and 7-day change of 7.16 percent).
Binance coin (BNB)- $308 (24-hour change of 1.81 percent and 7-day change of 2.47 percent. Memebased token, Dogecoin (DOGE) is trading at $0.26 (-0.58 percent and 24.25), Cardano at $1.38 (0.38 percent and 6.56 percent).
The market has managed to recover in the last 24 hours despite the announcement issued by Binance which said it has shut down operations in the UK and Ontario region of Canada following broader regulatory moves. Some financial experts have posited that the bear market is still looming in light of GBTC unlocking scheduled to happen on July 19.