CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,450.00
  • ethereum
    ETH$1,730.67
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%

    Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%

    Author: Jordan Lyanchev

    Last Updated Jun 7, 2022 @ 08:47

    The entire crypto market has turned green now, with bitcoin jumping above $31,000 and ADA soaring by double-digits.

    Following several days of trading below $30,000, bitcoin went on the offensive hours ago, reclaimed that level, and even spiked above $31,000. The altcoins have marked impressive gains as well in the same timeframe, with Cardano and Solana leading the way.

    Bitcoin Tests $31K

    As June started, bitcoin attempted to turn it into a more positive trading month, surging to a multi-week high of over $32,000. However, the predominantly bearish market sentiment pushed the cryptocurrency south, and it found itself sliding below $30,000 hours later.

    Aside from a few brief attempts to overcome that coveted round-numbered line, BTC stood below it for most of the next several days.

    The weekend started on a similar note before bitcoin finally initiated a leg up and jumped to $30,000, thus breaking its longest negative streak of 9 consecutive weekly red candles.

    Moreover, BTC kept pumping and added another $1,000 in hours. As of now, the asset stands above $31,000, and its market capitalization is close to $600 billion, while the dominance over the alts stays above 46%.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    ADA and SOL Pump Hard

    The alternative coins continue to mimick BTC’s performance to a large extent, meaning that most have turned green on a 24-hour scale.

    Ethereum is up by more than 6% and sits at $1,900 after falling to $1,800 a few days ago. BNB slid below $300 but now trades at $310 after a 4% daily increase. Ripple, Dogecoin, Polkadot, Tron, and Shiba Inu have jumped by up to 6%.

    Avalanche, Solana, and Cardano have seen even more impressive gains. AVAX (10%) now trades at $27, Solana (12%) is at $43, while ADA has stolen the show with a 14% surge to well above $0.6.

    With most lower- and mid-cap alts charting similar gains on a 24-hour scale, the crypto market cap has added $70 billion and is now close to $1.3 trillion.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    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.
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    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

  • bitcoin
    BTC$23,450.00
  • ethereum
    ETH$1,730.67
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Institutions Are Starting to Buy Back: Interview with Nansen

    Institutions Are Starting to Buy Back: Interview with Nansen

    Top 5 Most Common Scams Related to Ethereum 2.0

    Top 5 Most Common Scams Related to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    These are the Bear Market Benefits, and the Future of NFTs: DappRadar CEO (Interview)

    5 Common Mistakes to Avoid During a Crypto Bear Market

    5 Common Mistakes to Avoid During a Crypto Bear Market

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    The Cardano Roadmap Eras Explained: Byron, Shelley, Goguen, Basho, and Voltaire

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    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. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top