(22 June 2024, 09:04 AM IST):
As of Saturday morning, Bitcoin’s struggle persists with its price dropping to a low of $63,400 over the past 24 hours. The decline of both Bitcoin and Ethereum continues this month. Bitcoin’s price has fallen from $72,000 to the current level, while Ethereum has decreased from $3,885 to $3,509.
Currently, Bitcoin (BTC) is trading at $64,280, down by 0.83%, with a market cap of $1.26 trillion. After pulling back from a support level of $63,300, Bitcoin is now trading at a resistance level of $64,313. Given the bearish market sentiment, Bitcoin might take another downturn and fall to the $63,000 level.
On the other hand, Ethereum (ETH) has seen a slight increase of 0.11% over the past 24 hours, trading at $3,507 with a market cap of $428 billion.
Arweave (AR), Pepecoin (PEPE), and Pendle (PENDLE) Surging Higher
- Arweave (AR): The DePIN token, Arweave, experienced a significant jump of 8.71%, reaching $27.80 over the last 24 hours. Arweave’s market cap now stands at $1.82 billion.
- Pepecoin (PEPE): The leading memecoin, Pepecoin, also made noticeable gains today with its price surging by 4.53% to $0.00001142. Pepecoin’s market cap is currently $4.81 billion.
- Pendle (PENDLE): The price of Pendle has soared by 4.01% over the last 24 hours, reaching $6.08. Pendle’s market cap now stands at $940 million.
In summary, while Bitcoin and Ethereum continue to face downward pressure, Arweave, Pepecoin, and Pendle are showing strong upward momentum, indicating a mixed sentiment in the cryptocurrency market.