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    Home » Market Updates » Bitcoin Fights for $30K: Tezos at Monthly High on USDT News (Market Watch)

    Bitcoin Fights for $30K: Tezos at Monthly High on USDT News (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Jun 10, 2022 @ 15:06

    In Case You Missed It: The Top Trending Crypto News.

    Bitcoin continues to struggle to maintain the $30,000 level and dipped below it a few hours ago. Most altcoins are slightly in the red today. XTZ is among the few exceptions following a major announcement from the company behind the largest stablecoin – Tether.

    Will Bitcoin Sustain Above $30K?

    This week started with a wild ride that firstly took bitcoin from below $30,000 to a multi-day high of just under $32,000. The bears reminded of their presence hours later and pushed BTC south again to $29,200.

    However, the volatility was not over as the asset spiked above $31,000 once again. Nevertheless, it failed there and retraced to a familiar ground of around $30,000.

    In the past 24 hours, bitcoin even slipped below that level to $29,500 (on Bitstamp). Now, though, the cryptocurrency stands at $30,000, but its market cap is down to $570 billion, while the dominance is at 46.4%.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    Notable 24-hour BTC News

    The prominent BTC proponent – Jack Dorsey – and the legendary hip hop artist – Jay-Z – partnered once again to launch a bitcoin educational program for residents of Marcy Houses in Brooklyn, New York.

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    Despite the price struggles, bitcoin’s network continues to become more and more robust. This is evident from the growing hash rate, which registered a new all-time high.

    The host of CNBC’s Mad Money – Jim Cramer – gave his reasons why he believes BTC and ETH are the right investment bets.

    XTZ Sees Monthly High

    The landscape among most alternative coins is rather negative, with Cardano leading the race (-4% on the day). ADA was the most significant gainer from the larger-cap alts lately but has declined to $0.62 as of now.

    Ethereum has slipped below $1,800 following a minor retracement. Dogecoin, TRX, Avalanche, and Shiba Inu are also slightly in the red, while BNB, XRP, and DOT are with small increases.

    Solana has jumped the most from the top 10 cryptocurrencies and has reclaimed $40.

    Upon news that Tether will launch on Tezos, XTZ jumped from $2 to almost $2.4, which became a monthly high. The asset has retraced slightly now, but it’s still in the green on a daily scale.

    The crypto market cap has remained sluggish and is just above $1.2 trillion.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto
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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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