Crypto markets continue to struggle to attract new investors even as some recovery was witnessed on Tuesday. In the last 24 hours, the global cryptocurrency market cap decreased to $905 billion, falling 0.61% over the day while Bitcoin traded near $20,000. Prices of most of the top cryptos fell after surging for a few hours yesterday, according to CoinMarketCap data at the time of writing (10.49 am, India time).

The global crypto market volume over the last 24 hours increased 19.5% to $67 billion. The total volume in DeFi was $5.8 billion, representing 8.65% of the total crypto market 24-hour volume. The volume of all stablecoins was $61.16 billion, 91% per cent of the total crypto market 24-hour volume. 
Bitcoin (BTC) dominance increased by 0.02 per cent to 42.41%. BTC’s price fell 0.45% in the last 24 hours. At the time of writing, BTC was trading at $20,155. In the last 7 days, the BTC price has fallen by 0.62%

Bitcoin exits exchanges

“Bitcoin has been in a consolidation phase for nearly 3 weeks, bouncing between $18,000 and $22,000 levels. Meanwhile, June 2022 saw the largest outflow of Bitcoin ever in a month. Onchain data indicated that over 150,000 BTCs exited centralized exchanges in the last month. On the weekly timeframe, the BTC chart has formed a descending triangle pattern. The weekly RSI has been at its lowest phase hovering around the 25 level. The next resistance is expected at $32,300 and the next key support is expected at $14,000,” analysts at WazirX Trade Desk shared in a note with FE Online.