Cryptocurrency Prices Today June 11: Cryptocurrency Market Declines, Bitcoin is trading below $29,500

Cryptocurrency Market Declines, Bitcoin is trading below $29,500

Cryptocurrency Prices Today: The cryptocurrency market was seen trading on the red mark in the morning on June 11. Bitcoin is trading below $29,500. During the last 24 hours, the world’s largest and popular cryptocurrency was seen trading down 2 percent at $29,230. Bitcoin is down 35 percent this year. It touched a high of $69,000 in November 2021, but since then bitcoin has declined but is now trading in a range of $28,000-$30,000. According to experts, bitcoin is declining due to monetary policy and strict rules. Now it is doing business in a range.

Must Read: Top 4 Altcoins for Long Term Crypto Portfolios

ETH, on the other hand, the crypto linked to the Ethereum blockchain climbed more than 0.4 percent to $1,668. It is the second largest cryptocurrency in the world. Meanwhile, dogecoin remained flat today and was seen trading at $0.07. Whereas, Shiba Inu declined 0.2 percent and was seen trading at $ 0.0000011. The global cryptocurrency market has a market cap of $1.19 trillion. It declined by 2.91 percent in the last 24 hours.

Here is the condition of other cryptocurrencies

Stellar, Uniswap, XRP, Tron, Tether, Solana, Polkadot, Avalanche, Polygon, Chainlink, Terra Luna Classic prices, Cardano, Litecoin saw a mixed trend in the last 24 hours. Cardano was down 6 per cent.

Bitcoin will trade in a range

Mudrex co-founder and CEO Edul Patel had said that bitcoin has been trading in the $28,000 to $30,000 range for the past few days. The current support price for BTC is at $27,000. It may remain near the $33,000 level in the near future. Patel said that in the coming days, BTC may see above $31,000 or below $27,000.

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