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The cryptocurrency market has undergone a significant correction. The value of leading digital currencies fell seriously between June 1 and June 2, 2022. The last week started well for the investor and the value of the flagship digital currency Bitcoin (BTC) has skyrocketed, giving traders hope that the bearish trend will be replaced by a bullish one.
However, in the middle of the week, the total supply of all virtual assets fell to $ 1.29 trillion, according to Crypto.ru. The market capitalization decreased by 4.77% compared to the same indicators of the previous day. The price of digital gold again fell below $ 30,000 and, as of 17:30 Moscow time on June 2, the virtual asset is trading at $ 29,873.5, which is 4.84% less than yesterday.
The total supply of coins on the market amounted to $ 570.36 billion Analysts noted that despite the fall in prices, this is still 2.63% more than a week ago. Traders were active in the market, and therefore trading volumes increased, reaching $ 43.25 billion.
The second cryptocurrency Ethereum fell even more significantly and its price stopped at $ 1794.33, which is 6.61% lower than yesterday’s parameters. The market capitalization of digital silver fell to $ 218.2 billion, and daily trading volumes amounted to $ 22.32 billion.
None of the coins included in the rating of the top 20 in terms of the size of the total supply of assets has grown in price over the past 24 hours, which has extremely disappointed numerous market participants, especially short-term traders.
Previously edited by Crypto.ru Reported: experts said that the value of the Kusama cryptocurrency increased by 25% in just 4 days, starting from the key support level. However, they saw no reason to rejoice, saying that the bearish trend is still in force.
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