Bitcoin Holds Above 71000 as Toncoin Leads in Gains

Over the past day, Ethereum (ETH), Solana (SOL), and Ripple (XRP) all experienced a downward trend in their prices. However, Bitcoin (BTC) managed to stay above the $71,000 mark, while Toncoin (TON) stood out as one of the top performers.
Market Update:
The total value of the global cryptocurrency market dropped by 1.05% to $2.62 trillion, accompanied by a 9.09% decrease in the total trading volume to $74.9 billion. This decline was reflected in the prices of various cryptocurrencies. Stay informed with the latest financial and business news on COINTURK FINANCE.
Bitcoin briefly dipped to $70,000 today, following a significant break above the $71,000 level. This movement coincided with a $132.2 million outflow from Bitcoin ETFs on June 6, as reported by Farside Investors. Despite this, the token managed to increase by 0.22% in the last 24 hours, surpassing $71,000 once again to reach $71,142.90.
BTC’s price ranged between $70,119.12 and $71,625.74 over the past day, with Bitcoin’s dominance rising by 0.21% to 53.24%. Ethereum (ETH) saw a 1.57% decrease in its price, reaching $3,804.81. The token’s lowest and highest values in the past 24 hours were $3,761.78 and $3,865.93, respectively. Despite a surge in daily active users following the ETF approval, Ethereum has yet to gain significant upward momentum.
Altcoins and Meme Tokens:
Although Solana (SOL) surpassed $170 recently, its price dropped by 2.02% in the last 24 hours to $170.47. Solana’s price fluctuated between $167.86 and $173.90 during this period. Ripple (XRP) also followed the market trend, falling by 0.68% to $0.5223. The token’s lowest and highest values were $0.5175 and $0.5276, respectively.
While XRP managed to stay above $0.52, the drop below the crucial $0.52 support level raised concerns among investors. Dogecoin (DOGE) decreased by 1.01% to $0.1609, and Shiba Inu (SHIB) dropped by 2.99% to $0.00002511. Popular meme tokens like PEPE, WIF, and BONK saw a 5-6% decline in their prices, while FLOKI showed a 0.93% increase.
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Disclaimer:
The information provided in this article is not financial advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.