Crypto Price Today: Bitcoin Price Surges Above $30,700!

Key Takeaways:

• The bitcoin price faced a slight pullback but eventually managed to close the day on a bullish note. 
• Ethereum and the other major altcoins also experienced a bullish push, recording a marginal rise.

CRYPTO MARKET TODAY AT A GLANCE

The crypto markets underwent a minor upswing and held the gains well as the crypto prices rose to mark new intraday highs. Besides, the global crypto market cap, which was hovering around $1.18 trillion, jumped above $1.19 trillion. The volume has also raised marginally, by 2.36%, due to which the markets are expected to display some volatility. Presently, the markets have begun the day’s trade on a bullish note and are expected to maintain a consolidated ascending trend until the end of the day’s trade. 

The other tokens, like Binance Coin (BNB), XRP (XRP), Cardano (ADA), & Dogecoin (DOGE), surged by 1.90%, 2.98%, 4.87%, & 4.51%, respectively. While Tron (TRX), Solana (SOL), Litecoin (LTC), & Polygon (MATIC) jumped by 1.26%, 17.45%, 14.08%, & 5.43%, respectively. Besides, some of the tokens have surged monstrously, like Cannation (CNNC) at +325.22%, Centurion (CNT) at +297.99%, Compound (COMP) at +36.80%, and Bitcoin Cash (BCH) at +30.64%.

*As of 30-June-2023, 09:15 am

Bitcoin Prices Surged Above $30,700 With Marginal Rise of 1.97%

Source: Tradingview

• The Bitcoin price in the daily chart has formed a bull flag after undergoing a magnificent upswing and consolidating ahead within a narrow range.
• The price is testing the upper resistance of the pennant and a successful upswing may lift the price close to $34,000
• Besides, if the price faces rejection, it may drop to the lower support and attempt a bullish rebound.
• However, the RSI continues to be incremental and hence a notable rise may be expected to lift the price above the bullish pennant.

Read More: Bitcoin Price Prediction

Ethereum Price Heads towards $1900 with a Slight Rise of 2.16%

Source: Tradingview

• The price in the past few days marked a rise above the descending trend line but is finely consolidating below the crucial resistance zone.
• As the RSI displayed a bearish divergence and MACD was about to flash a bearish signal, the price may experience a slight pullback.
• However, it may continue to hover above the trend line and after a minor consolidation, a bullish breakout appears to be imminent.
• Besides, the price may face a minor pullback after it reaches $2000, which may drag the price back toward $1900 until a strong bullish action.

Read On: Ethereum Price Prediction

Latest Updates of the Crypto Market

• After Bitcoin Futures, CME Group, a popular global derivatives market, is about to launch Ethereum/Bitcoin Ratio future on July 31
• SBI VC Trade, a Japanese crypto exchange listed Shiba Inu, DAI, and ATOM after BitPoint, which is the largest exchange of the country
• The deception around the new PEPE2 tokens underscores huge risks and challenges as the market turns extremely volatile.

What’s Happening at CoinDCX Crypto Exchange

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