If you are a cryptocurrency investor or enthusiast you must be tracking wild swings in the asset class. Here we list out the prices for the various major cryptos, along with what is influencing their price either upwards or downwards.
The most prominent cryptocurrency BTC by market capitalization continues to trade below $40000 and at the time of writing this copy traded lower by a meager 0.23 percent at $35,994 as per the Coindesk site. There is strong resistance at close to $37600 that could potentially limit the upside this week. The novel asset category has been trading in a range between $34,000 and $39,000. The all time high price of bitcoin is $64,829.
Now because of Elon Musk's- Tesla's CEO repeated tweets once in support of the crypto and then in complete denial of them, there have come to light a group of international hacktivists calling themselves as anonymous who accused Musk of 'playing games' with bitcoin.
Ethereum is trading at $2779.51, up 1.79% even after the China crackdown continues to weigh on the value of cryptocurrencies. Now after the sharp fall, there is seen recovery in these digital coins though at a much slower rate in comparison to the meteoric rise earlier in the year.
Dogecoin also fell by 2.44% to $0.363105. During the last week, the digital token which started as a joke outperformed its top peers owing to its launch on the Coinbase exchange. As per CoinGecko, for the week to June 5, 2021, while Bitcoin and ether gained 6.2% and 14.9% respectively, Dogecoin climbed 24% during the same time as of 7:50 am London time.
4. Shiba Inu (SHIB):
As per Coinmarket cap pricing, Shiba Inu quoted at a price of $0.000008366, down 1.28%. CEO of CoinFlip told US News and World Report recently that Shiba Inu has the potential to surge in price due to the latest social media hype. But the rise shall not last long.
Worth noting that Google has notified some modification in its advertising policy and iterate that it will start accepting advertisements of crypto exchanges as well as digital wallets that aim to cater to consumers in the US on its platform beginning August 3.