Cryptocurrency Price Today: The global cryptocurrency market on Sunday, June 5, remained flat and recorded a slight rise in the last 24 hours, as risk appetite of investors did not see much growth.
“Global growth concerns spurred by rising interest rates and supply chain disruptions were the dominant themes within investor narratives, with many leaning towards capital preservation during these volatile times.
Bitcoin price today climbed by 0.43 per cent to stand at $29,792.13 at the time of writing this article, according to data from CoinMarketCap.
“BTC had made minor recovery in the last few days rallying above $32K but the momentum did not last long as the Dollar index regained some lost ground.
“The next resistance for BTC is expected at $40,000 and an immediate support is expected at $26,800.
While the recent dip has done little to attract new investors, long-term holders seem to be doubling-down and buying BTC at current price levels.