Crypto News Update, June 10: Bitcoin Brushes $ 110K Catching Traders Off-Guard Before Moving to $ 1,09,449

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Bitcoin Price Today, June 10: The World’s Larget Cryptocurrency, Bitcoin, Briefly Rose 1.38 per cent to $ 110,277.93 on June 10, While Eether Jumped 4.8 per cent to $ 2,713.39, Before Slipping Profit-Booking.

Coinswitch Markets Desk Noted That The Hike Caught Traders Off Guard. “Over $ 110 Million in short positions were liquidated within an hour, with a total of $ 330 million in shorts wiped out over the courses of the day,” They noted. “

Overall, The Crypto Market Capitalisation on June 10 is at $ 3.41 trillion, with trade volume over the past 24 hours being with $ 134.11 billion, according to data on coinmarketcap.

Further, in terms of dominance, bitcoin gained 1.41 per cent to comprise 63.6 per cent of the market share on June 10; Who ethereum rose 0.43 per cent to 9.5 per cent dominance; And other tokens fell 1.84 per cent to comprise the remain 26.9 per cent of the crypto market, data showed.

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Bitcoin Price Rices, Ethereum Up: Positive Market Sentiment Prevails

Early at 5 am on June 10, Bitcoin Briefly Touched 1,10,000 levels, before moving to $ 109,449.70 at time of everything, as per coinmarketcap. It was up 3.74 per cent from the previous day, with market cap at $ 2.17 trillion (also up 3.79 per cent), and Tarde Volume of $ 58.15 Billion (UP 50.45 per cent).

According to piyush walke, derivatives research analyst at delta exchange, bitcoin “is trading about its its anchored vwaps, reinforcing the prevailing the prevailing positive market syntiment”.

Further, at time of writing, ethereum was up 7.40 per cent over the past 24 hours, to $ 2,677.74, with market cap of $ 323.26 billion (UP 7.41 per cent), and Volume of $ 26.92 Billion (UP Cent).

In other big names, usd linked tether was at $ 1, with market cap of $ 155.22 billion (up 0.25 per cent), and volume of $ 87.48 billion (UP 53.04 per cent); While The Solana Token was at $ 158.54, with Market Cap of $ 83.22 Billion (UP 5.16 per cent) and Volume of $ 3.9 billion (UP 73.83 per cent).

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Crypto Markets Moving Towards New Highs Soon? Experts say…

Walke noted that bitcoin recently formed an inverted head and shoulders pattern on the hourframe, which is “a bullish technical setup”.

“Based on the pattern’s projection, Bitcoin could target levels Around $ 111,000. On the institutional side, Bitcoin Spot ETFS Recorded Net Inflows of $ 386.2 Million, While Ethereum ETFS Attracted $ 53 Million, Indicating Growing Investor Interest in Both Assets, ”He Added.

Coinswitch’s opinion was that a decisive break Above $ 110K or Below $ 100K will be needed to Sustain Momentum. And coindcx research team noted that “Investor’s Sentiments are Slowly Turning Into ‘Greed’ Greed ‘after a Brief Consolidation”.

Edul Patel, Co-Founder and Ceo of Mudrex Noted, “The Crypto Market Saw a Strong Rally, AMID Easing Geopolitical Tensions. The Us and China Resuming Trade Negotiations Led to A POSISTOR SENTIS Rally extending to ethereum, solana, and other altcoins. “

“Meanwhile, About $ 38 Million in Short Positions Were Liquidated, Reducing Downside Pressure. If the Momentum Sustains, Bitcoin Cold Attempt A New All-Time All-Time All-Time HIGH SON SOON, White Support Supopport $ 105,600, “He Added.

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