Crypto Market Today – June 20, 2023
The crypto market is constantly evolving and changing. Today, one of the most important pieces of news is that Asia is laying out a welcome mat for crypto, while the US is barring its door. This means that as the US escalates its crackdowns on digital asset companies, it’s also losing its dominance in crypto — to Asia’s advantage.
Another important issue is that the lack of diversification is crippling to the crypto market. Small cryptos often rise and fall with BTC and ETH — the market’s two biggest players. The concentration risk is profound, and here’s why you should care.
A foreboding technical analysis pattern known as the “death cross” has emerged on the daily price chart for Cardano’s ADA token, which competes with Ethereum. A death cross happens when the 50-day SMA falls beneath the 200-day SMA. Advocates of technical analysis view the death cross as an indication of an imminent market downturn.
Bitcoin Price Today
According to CoinGecko, Bitcoin’s (BTC) price today is $26,423.18, with a 24-hour trading volume of $6,574,556,586.17⁷. This represents a -0.72% price decline in the last 24 hours and a 2.28% price increase in the past 7 days.
The global cryptocurrency market cap today is $1.11 Trillion, a -0.4% change in the last 24 hours.
Here is a table with the top crypto gainers today:
| Rank | Coin | Price | 24h Change |
|---|---|---|---|
| 1 | Synthetix Network (SNX) | $0.217244 USD | 19.48% |
| 2 | Conflux (CFX) | $0.03754994 USD | 18.83% |
| 3 | Maker (MKR) | $717.60 USD | 5.78% |
| 4 | Optimism (OP) | $0.9491 USD | 5.00% |
| 5 | Love Hate Inu | $0.7708 USD | 3.78% |
| 6 | Fight Out (FGHT) | $0.2974 USD | 16.22% |
| 7 | Filecoin (FIL) | $0.02645 USD | 15.86% |
| 8 | Lido DAO (LDO) | $15.53 USD | 15.51% |