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Bitcoin, Ethereum, Dogecoin Crash Suddenly — With Sharp Rise In Trading Volume

Published 07/06/2022, 03:55
Updated 07/06/2022, 04:40
© Reuters.  Bitcoin, Ethereum, Dogecoin Crash Suddenly — With Sharp Rise In Trading Volume

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are all down more than 5% as the global cryptocurrency market cap plunged 5.2% to $1.2 trillion.

The apex coin traded 5.2% lower at $29,370.08, ETH fell 6.9% to $1,734.24 and DOGE is down 5.2% to $0.08.

The sharp downturn was accompanied by a spike in volumes with BTC 24-hour trading volumes up 74.1% to $35.4 billion. ETH 24-hour trading volumes were up 94.4% to $19.94 billion and DOGE 24-hour trading volumes rose 78.9% to $567.15 million.

See Also: How To Get Free NFTs

Cryptocurrencies followed stock futures lower Monday night. S&P 500 and Nasdaq futures were down 0.6% and 0.75% lower, respectively. at press time.

GlobalBlock analyst Marcus Sotiriou noted Monday that Bitcoin faces “significant resistance” around the $31,500 and $32,000 levels.

Read Next: Cathie Wood Says Incoming Bitcoin Volatility Will Be To The Upside

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Latest comments

not suddenly. bexouse of stupit cathie woods for fake information. she said that bitcoin will raise heavy to up and she is buying. but in reality another people were buing and she was selling profiting from them. always do opisite.
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