Bitcoin bulls did their best to hold the important psychological level of $30K. This happens on the back of a broader consolidation across the entire market as most of the altcoins are trading flat over the past 24 hours.<\/p>\n
Bitcoin\u2019s Price Maintains $30K<\/h2>\n
Yesterday, Bitcoin\u2019s price dipped below $30K for a brief period of time, but the bulls were very quick to defend the level and brought it back above it in a few hours, as seen on the chart below:<\/p>\n At the time of this writing, the cryptocurrency is charting a daily increase of around $1.8%. The market seems to have calmed down a bit today, but the liquidations for the past 24 hours remain relatively high at above $200 million, according<\/a> to data from Coinglass.<\/p>\n Leading the way is Bitcoin, with around $133 million worth of liquidated positions. The largest single liquidation order took place on Bybit \u2013 a BTC\/USD order with a face value of $3 million.<\/p>\n The altcoin market seems to be in consolidation mode, albeit painted almost entirely in green. Most of the large-cap cryptocurrencies remained flat for the past 24 hours, with a few slight exceptions.<\/p>\n As seen in the above heatmap, the altcoin market failed to produce any meaningful gains, but on the other hand \u2013 it stopped bleeding as well, which could be interpreted as a good sign.<\/p>\n Yet, the cryptocurrency fear and greed index once again dropped<\/a> towards the 10 basis points indicating \u201cextreme fear\u201d after having bounced a bit over the last few days.<\/p>\n PrimeXBT Special Offer: Use this link<\/a> to register & enter POTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n 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.<\/span><\/span><\/p>\n<\/div>\n Cryptocurrency charts<\/a>\u00a0by TradingView.\n<\/div>\n <\/p><\/div>\n![\"img1_btcchart\"](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2022\/06\/img1_btcchart.jpg\")
Altcoins in Consolidation Mode<\/h2>\n
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