• Home
  • About Us
  • Seo
  • Contact Us
  • Privacy Policy
  • Affiliate Product Table Generator

Fresh News Hub

Get Something real about News

  • Mobile News
  • Android
  • IPhone
  • Reviews
  • SEO
  • Smart Phones
  • Solar Charger
  • Accessories
  • Top Apps
  • Gadgets
You are here: Home / Tech News / Ether Price Recovery Helps Crypto Revisit $1 Trillion Market Cap Level

Ether Price Recovery Helps Crypto Revisit $1 Trillion Market Cap Level

June 27, 2022 By Fresh News Hub Leave a Comment

Ether and Bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilization.

Ether and Bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilization.

The No. 2 cryptocurrency advanced as much as 5.8% to $1,279.06 on Sunday before pulling back on Monday morning Asia time. The rally comes after the token dropped as low as $880.70 on June 18. It appears to have found support around its 200-week moving average, which currently sits near $1,200. 

Also read: Looking for a smartphone? To check mobile finder click here.

No. 1 Bitcoin topped out on Sunday at $21,860, after having fallen as low as $17,742.83 on June 19. Overall crypto market capitalization retook the $1 trillion level on Saturday, according to data from CoinGecko, though it was sitting a bit below that as of 9.20 a.m. Singapore time on Monday.

Ether “is leading the way following sizable short liquidations,” Fundstrat said of the crypto rally in a note Friday. Data from CoinGlass show there were about $60 million of short liquidations in Ether on Friday, the most in five days.

Cryptocurrencies have suffered this year amid Federal Reserve rate hikes and stubbornly high inflation. Ether is still down more than 60% this year, even after rallying from its extreme lows.

A major options expiration on Friday had been watched as a potential source of volatility. However, “short risk cleared surprisingly efficiently” for Ether amid “perhaps unexpected stability,” Genesis Trading’s Ainsley To, Gordon Grant and Noelle Acheson wrote in a note.

Filed Under: Tech News, Tech Update

Advertisement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search Here

Advertisement

Hot Posts

  • Budget 2023 expectations of Tech czars: What they really want from Modi govt
  • NASA Astronomy Picture of the Day 31 January 2023: Green Comet ZTF over Spain
  • Garena Free Fire MAX Redeem Codes for January 31: Free awesome costumes, Don’t let it go
  • Super saver deal! Grab 69900 iPhone 13 at just 43799 on Amazon; Check offer details here
  • BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy

Tag Cloud

Android Android 6.0 Marshmallow android apps development Android devices Android Smartphone Facebook Gadgets. iPad iPad line iPad Pro iPhone iPhone 6 iPhone 6 Plus Lego Mine craft Crafting Box LG LG G5 LG G5 SE LG G5 SE Specifications Logitech Logitech G900 Logitech G900 Chaos Logitech G900 Chaos Spectrum MagSafe chargers Mi Band Mobile Mobile Charging Mobiles Modern Android Devices Mukesh Ambani Oculus Oculus Rift Oculus VR Parrot Reliance Reliance Jio Smaller scale USB Spectrum virtual reality VR vr headset Wearables Xiaomi Xiaomi Mi Band Xiaomi Mi Band 1S Xiaomi Mi Band Pulse

Hello Visitor !!
Owner of this Blog from Himachal Pradesh,India.Who Love to write on various topics like technology,blogging tool,technology tips, and Sharing his experience and knowledge about technology and things which he learn. Read More…

Recent Posts

  • Budget 2023 expectations of Tech czars: What they really want from Modi govt
  • NASA Astronomy Picture of the Day 31 January 2023: Green Comet ZTF over Spain
  • Garena Free Fire MAX Redeem Codes for January 31: Free awesome costumes, Don’t let it go
  • Super saver deal! Grab 69900 iPhone 13 at just 43799 on Amazon; Check offer details here
  • BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy

Spam Blocked

116 spam blocked by Akismet

Copyright 2018 - © 2023 · All rights are resreved by Fresh News Hub