Bitcoin Price Consolidation Continues, While Altcoins Soaring

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Market attitude may not be optimistic during this period as going through the report by GJ Blockchain research.
  • While talking about other currencies, 50% growth recorded within these two consecutive days by BAT attention coin.
  • On the other side, a slight change recorded for both XTZ and LINK, quoting their prices to 2.7 USD and 3.8 USD.

The current Bitcoin price is something around $9,850, and it is likely to face a high consolidation in the range of $9,800 – $10,000 in the upcoming 24 hours. Market attitude may not be optimistic during this period as going through the report by GJ Blockchain research.

The CME Bitcoin futures contract for this may 2020 finally closed up today at 10,085 US dollars. Likewise, at the same time, the total for the CME’s open contract volume and options volume together totaled up to 1 billion US dollars, recorded high. Yang hiapo, founder of viaBTC mining pool, mentioned that he did not feel optimistic about the current market outlook.

Altcoins Price Soaring 

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While talking about other currencies, 50% growth recorded within these two consecutive days by BAT attention coin. The price of a Basic attention token exceeded $0.24. The Basic attention token current price is at the level of $0.22, with the market capitalization of $326,158,618 and volume traded of $250,838,459. The current circulating supply is 1,457,527,137 BAT. 
 
On the other side, a slight change recorded for both XTZ and LINK, quoting their prices to 2.7 USD and 3.8 USD. The Tezos current price is at the level of $2.89, with the market capitalization of $2,048,936,163 and volume traded of $193,367,129. The current circulating supply is 709,840,732 XTZ. 
 
While Link also recorded a slight change in value. The LINK current price is at the level of $4.09, with the market capitalization of $1,432,163,963 and volume traded of $565,001,539. The current circulating supply is 350,000,000 LINK. 
 
Sentiment across markets is generally favorable. According to Twitter Trend in India, “Bitcoin” records higher tweets than “MoneyHeist,” reaching 86,200 tweets. Major publications reported an increase in interest in bitcoin and bitcoin price in the region. Troubled by sharp inflation, more than 20,000 shops and companies in Venezuela will accept cryptocurrencies starting from June 1.

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