Bitcoin Now Accounts for 47% of the Total Cryptocurrency Market Cap

Major cryptocurrencies were trading in the green early on June 4, even though the global crypto market cap fell 3.50 percent to $1.22 trillion on the previous day. Over the last 24 hours, total crypto market volume fell 12% to $61.66 billion. DeFi’s overall volume was $5.35 billion, accounting for 8.68 percent of the entire 24-hour volume in the cryptocurrency market. All stable coins had a volume of $52.18 billion, accounting for 84.63 percent of the whole crypto market’s 24-hour volume. Bitcoin is currently trading at a price of more than Rs 24 lakh. According to data from CoinMarketCap, the world’s most significant cryptocurrency market domination gained 0.09 percent to 46.31 percent in the last day. #Bitcoin now accounts for 47% of the total cryptocurrency market cap, the highest level since October, 2021. — Watcher.Guru (@WatcherGuru) June 4, 2022 Bitcoin Rose Slightly on Thursday Bitcoin rose slightly on Thursday after falling with the stock market, but it ran into resistance at the $30,000 level, where it has been trading for the previous month. Since the collapse of the TerraUSD stablecoin caused a broad crypto selloff in early May, Bitcoin has only momentarily departed from the $30,000 level. “The technical prognosis is at best neutral, and before any optimistic outlook can be established, Bitcoin must trade back over $40,000.” Bitcoin had mounted a mini-rally to start the week, climbing to a three-week high of $32,35...