Markets Update: Crypto Prices Sink Lower Finding New Support Levels

On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $243 billion, but global trade volume has dropped from $80 billion on June 5 to $56 billion this weekend.

Also read:’s Local Bitcoin Cash Marketplace Is Now Open for Trading

Crypto Markets Under Pressure

About six days ago digital currency markets lost between 2-15% throughout June 2 through June 5, but market participants managed to recapture some of those losses throughout last week. Currently, bitcoin core (BTC) spot prices are hovering between $7,625-7,700 per BTC and the market is down 2.2% today. BTC has an overall market capitalization of around $136 billion this Sunday and $16 billion in global trade volume. The second largest market valuation belongs to ethereum (ETH) but ETH has lost 4.6% in the last 24 hours.

Markets Update: Crypto Prices Sink Finding New Support Levels

One ETH is swapping for $232 per coin and the entire market valuation is $24.7 billion this weekend. Following ETH is ripple (XRP), which is down 6.2% today and 12.9% for the week. One unit of XRP is trading for $0.38 at the time of publication. Lastly, litecoin (LTC) has managed to bump bitcoin cash (BCH) out of the fourth market cap position as LTC markets are only down 0.9%. Each LTC is swapping for $114 per coin and LTC has a market valuation of around $7.09 billion.

Bitcoin Cash (BCH) Market Action

The fifth market capitalization on Sunday, June 9 is bitcoin cash (BCH) as each coin is trading for $378 at press time. BCH markets are down 3% today but around 14% for the entire week. The total market valuation for all the BCH currently in circulation is $6.7 billion while global trade volume is around $1.24 billion. The top exchanges swapping the most BCH this Sunday include Coinbene ($222M), P2pb2b ($90M), Hitbtc ($54M) Digifinex ($28M), and Huobi Pro ($27M). Exchanges trading large sums of BCH like Idax, Fcoin, Binance,…

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