Crypto Price Today: BTC Price Above $30K, ETH Price Nears $2000, ADA Price at $0.29

Key Takeaways:

• The crypto markets are painted in green as the bulls have dominated the rally and are expected to maintain an elevated trend for a while ahead
• Meanwhile, the majority of the altcoins have also begun to rise, and hence, the bearish influence appears to have waned to a large extent

CRYPTO MARKET TODAY AT A GLANCE

The global crypto market cap, which was expected to fall below $1 trillion a few days ago, has recovered and is now approaching $1.2 trillion. With a huge rise in buying pressure, the Bitcoin price quickly surged above $30,000 and marked an intraday high of $30,800. PEPE coin leads the list of top gainers with a massive jump of over 40% followed by Bitcoin Cash (BCH) price with 26.21% and Conflux (CFX) with more than 17.58%. Besides, the majority of the stablecoins are experiencing a minor sell-off which is expected to impact the token to a large extent. 

Alongside, the BTC dominance maintains its uptrend with a rise of 0.11% and stands at 49.50%. The crypto markets were in deep fear as the SEC sued Coinbase and Binance. However, with the big players entering the crypto space and filing for a Bitcoin spot ETF and also launching a crypto exchange in the future. With positive market sentiments prevailing within the space, the markets are expected to maintain a bullish trend, which can also be considered the beginning of a bull run.

*As of 22-June-2023, 08:15 am

Bitcoin Prices Surge by 5.90% to Reach Close to $30,500

Source: Tradingview

Ever since the beginning of the year 2023, the Bitcoin price has been trading along an ascending trend line. Interestingly, the price underwent a significant upswing, forming a couple of bull flags. The BTC price just broke out of the recent bull flag and is soaring high, aiming to reach higher targets. Considering the previous price actions, the upswing is expected to prevail until the price reaches levels above $34,000 in the upcoming weeks, as the ADX has displayed a bullish divergence. Hence, the Bitcoin technical analysis for the week is extremely bullish.

As the end of the quarter approaches, market sentiment has shifted, as many predicted. The second half of 2023 is expected to be mostly bullish, as the bearish influence may have been overcome by the bulls. Therefore, the value of Bitcoin and other altcoins is believed to maintain a significant upswing and achieve the targets set for 2023. Therefore, the Bitcoin price prediction for 2023 is extremely bullish, as many speculate that it is the beginning of a bull run. 

Know More: Can Bitcoin Price Reach $100,000?

Ethereum Price Heads towards $2000 with a Jump of 6.16%

Source: Tradingview

Much before Bitcoin or the crypto markets began a recovery, the Ethereum price triggered a significant upswing during the last few months of 2022. The price has been trading along an ascending trend line, and the recent pullback had dragged it below. Nevertheless, the rebound that followed assisted the price to enter the ascending triangle and is believed to maintain acute strength and reach the edge of the consolidation. The RSI is rising, and hence the price is believed to test the crucial resistance at $2000 again, but the probability of rejection is slightly higher.

Despite the rejection, the price may continue to trade under the bullish influence and maintain a consolidated trend for a while. The ADX is bearish, which suggests the bulls may be weak at the moment. However, with the rising market sentiments and the beginning of the fresh quarter, the ETH bulls are expected to dominate and maintain a fine upswing. Therefore, the Ethereum technical analysis and Ethereum price prediction 2023 is extremely bullish. 

Read More: Will Ethereum Price Ever Reach $10,000?

Latest Updates of the Crypto Market 

• With the Bitcoin price soaring above $30,000, Bitcoin whale transactions hit the highest hour in over 3 months with 259 transactions, exceeding $1 million in just 2 hours
• After BlackRock, Fidelity, Invesco, and WisdomTree; Valkyrie also applies for Bitcoin ETF. As big players enter, speculation about the beginning of a bull market rises
• The Fed Chairman, Jerome Powell says that The Bitcoin and crypto assets class ”appears to have some staying power” in the US economy. 
• The Shibarium’s blockchain explorer ‘Puppyscan’ has been rested and updated with new improvements. Meanwhile, the Shibarium’s testnet ‘Puppynet’ marked a new milestone of processing more than 20 million transactions

What’s Happening at CoinDCX Crypto Exchange 

CoinDCX presents you ‘Traders Premier League 2023’ which is a 45-day Crypto futures trading contest. The registrations have already begun on June 15 and the contest is starting from June 22 and will be ending on 06 August 2023. For more details visit our official announcement. 

Download the CoinDCX App and register now!