RATE Group | Bitcoin Zooms Past $10,000 as Ripple’s ODL Volume Surges In Australia
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Bitcoin Zooms Past $10,000 as Ripple’s ODL Volume Surges In Australia

02 Jun Bitcoin Zooms Past $10,000 as Ripple’s ODL Volume Surges In Australia

Posted at 07:30h in Bitcoin News by

Here is what you need to know on Tuesday, June 2, 2020.

Markets:

Volatility appears to be back in the market following Monday’s price action. The total market capitalization has shot up to $283 billion at the time of writing compared to $269 billion at the close of Monday’s session. The volume also saw a sharp increase to $122 billion.

Bitcoin was the biggest contender in the bull-run as it shot above the psychological $10,000 level. Moreover, gains extended in a flash rise to $10,410, however, an immediate reversal has pulled Bitcoin below $10,206 (opening value). At the time of writing, Bitcoin is trading at $10,094 after a subtle 1% loss on the day. The existing trend is bearish while the volatility low. This means that Bitcoin could defend support above $10,000 as buyers focus on higher levels towards $10,500.

Ethereum was not left behind the bullish wave. The second-largest crypto posted gains above the coveted $250 level. A new monthly high was…

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