Bitcoin and Ethereum hover around key supports after market drop, but LUNC and USTC rise sharply on 29 June

Amidst the usual fluctuations in the market, for this June 29th, the main altcoins are down, with Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Ethereum a decentralized open-source blockchain with smart contracts functionality. hovering around important supports. However, the winners of the day are Terra Classic y USTC, which are up more than 40% amid unusual trading volumes.

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• BTC falls below USD $20,000.
• ETH is approaching the USD $1,000 mark.
• Major altcoins are going down on June 29th.
• LUNC y USTC are the top gainers with increases of more than 40%.

As usual in the middle of this crypto winter, the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies market is still at the mercy of the fluctuations that are already usual these days, although for this June 29th Bitcoin and the main exponents of the sector are down again.

Bitcoin around USD $20,000 this June 29th

We begin our usual price report by examining the evolution that has taken place in the last few months. Bitcoin (BTC) throughout the day, as of press time the digital currency currency is a medium of exchange that defines value. is trading at around USD $20.035 per unit, down 2.79% in the last 24 hours.

According to information published in our section CryptoMarkets DailyBitcoin y CoinMarketCap the fall in the price of Bitcoin comes from yesterday at this same time, as by that time the digital currency lost about USD $300 of its price in a very short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. period of time, and after a period of relative instability, shortly after midnight its value falls again and fluctuates around USD $20,100 per unit.

However, there have been times when stocks have dipped below the $20,000 level, which some analysts consider to be an important support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. amid these uncertain times.

Ethereum is approaching USD $1,000

Another currency that in the fall is also approaching important levels is Ethereum (ETH), cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. with the second largest market capitalization in the sector, which for this June 29 is also going down and is trading at this hour at about USD $1,100 per unit, which represents a 6% drop in the last 24 hours.

In this case, the market data reflects a more staggered decline with pronouncements over several hours. It is worth noting that the lowest point of the daily price took place a few minutes ago, when the digital currency traded as low as USD $1,092 per unit.

Market an area or arena, online or offline, in which commercial dealings are conducted. goes down, but there are some surprises

Hand in hand with the declines seen in the price of Bitcoin y Ethereum, this is the big picture of the current moment for the crypto market:

• BNB, XRP, SOL, DOT y AVAX are down with declines of between 4% and 9%.
• Principales altcoins capitalizan caídas que rondan el 6% en las últimas 24 horas.
• USTC, the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. of Terra Classic, continues to be the talk of the town, capitalizing on gains gains refer to an increase in value or profit. of 46.64% in the last 24 hours. This accompanied by significant trading volumes across the board. KuCoin y FTX in the last 24 hours.
• But the main winner of the day is LUNC, token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. LUNA to earth Classic, which is increasing by more than 55% with unusual volumes through KuCoin y Binance.

The most important news of the day

We understand that this is a complex and especially sensitive time in the cryptocurrency market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.

We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.

With information from CryptoMarkets DailyBitcoin y CoinMarketCap

Analysis sponsored by EurocoinPay

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