Macro Ticker
1 week ago

Crypto, Currently: June 5, 2024 – Bitcoin Hits New Heights as Altcoins Show Mixed Performance

Daily update from the five cryptocoins we consider the most interesting right now.

Bitcoin Soars Above $70,000

The cryptocurrency market is experiencing a resurgence, with Bitcoin leading the charge. Bitcoin (BTC) has surpassed the $70,000 mark, trading at $70,859.29, a 3.10% increase in the last 24 hours and a 4.32% gain over the past week. This surge extends its 30-day growth to an impressive 11.08%. Bitcoin’s market cap now stands at $1.39 trillion, solidifying its dominance in the crypto market.

Ethereum Shows Modest Gains Amidst Slight Weekly Decline

Ethereum (ETH), the second-largest cryptocurrency by market cap, is trading at $3,795.33. It has seen a 1.21% rise in the last 24 hours. However, it has experienced a minor dip of 0.49% over the past week. Despite this, Ethereum has managed to sustain a significant 20.48% increase over the past 30 days. Its market cap is $456 billion, with a circulating supply of 120.1 million ETH.

Solana Rallies Strongly

Solana (SOL) has shown remarkable performance, surging by 5.23% in the past 24 hours to reach $173.32. This marks a weekly gain of 2.51% and a substantial 18.61% increase over the last 30 days. Solana's market cap has grown to nearly $79.7 billion, supported by a circulating supply of 459.8 million SOL.

Immutable X Slightly Up

Immutable X (IMX) is trading at $2.28, reflecting a modest 1.09% increase in the last 24 hours. Over the past week, it has experienced a minor decline of 0.49%. However, IMX has shown a steady 2.78% increase over the past 30 days. Its market cap is approximately $3.37 billion, with a circulating supply of 1.48 billion IMX tokens.

Maker Rebounds from Weekly Losses

Maker (MKR) is currently priced at $2,643.97, showing a 3.06% increase in the last 24 hours. Despite this, it has faced a weekly loss of 2.24%. Over the past 30 days, MKR has decreased by 9.24%, reflecting some volatility in its market performance. Maker's market cap stands at $2.45 billion, with a circulating supply of 927,770 MKR.

Market Overview

The overall cryptocurrency market is showing signs of recovery, led by Bitcoin’s impressive gains. Altcoins are exhibiting mixed performance, with some like Solana showing strong upward trends while others like Maker are struggling with volatility. Investors remain cautiously optimistic as the market navigates through these fluctuations.

Stay tuned for more updates as the crypto market continues to evolve.

Disclaimer

The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

5 hours ago Federal Reserve Sees Progress on Inflation, Adjusts Rate Cut Expectations The Federal Reserve has adjusted its forecast for rate cuts this year, citing persistent inflation despite recent progress. High borrowing costs are expected to linger, impacting consumers and the broader economy.
6 hours ago Bitcoin Holds Steady as Fed Maintains Interest Rates: A Sign of Economic Caution In a cautious move, the U.S. Federal Reserve opted to keep interest rates unchanged, causing Bitcoin to hold its ground. Read more about the economic implications and market responses here: "The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year."
9 hours ago High-Stakes Showdown: Tesla Shareholders Decide on Elon Musk’s $56B Pay Package Tesla shareholders are set to cast their votes on Elon Musk's controversial $56 billion compensation package, a decision that could have far-reaching consequences for the company.
12 hours ago USDMXN: A Golden Opportunity USDMXN: A Golden Opportunity Amid Mexican Election Sell-Off, Says Steno Research Analyst
1 day ago EU's New Tariffs on Chinese EVs Hit Tesla and BYD Stocks! Tesla (TSLA) and BYD (1211) Stocks Plummet After EU Tariff Announcement
1 day ago Macro Mondays: Escaping the TRAP of Sideways Markets Andreas Steno, Mikkel Rosenvold And Mads Eberhardt talk macro and crypto
1 day ago EU launches trade war with China In a bold move that has sent ripples through global markets, the European Union has effectively launched a trade war against China. This decision, announced just three days after the European Parliament elections, raises significant questions about the influence and timing of the EU’s legislative body.
1 minute ago July Bloodbath: Metals Set for Major Crash? Brace yourselves for a tumultuous July in the metals market! Industry experts are sounding the alarm as cluster risks in metals like gold, silver, and copper threaten a significant downturn. Here's why July could spell disaster for metal investors.
1 day ago 5 Stories To Invest in for Emerging Markets 5 Stories that might interest you if you're into investing in Emerging Markets