Crypto Crash Latest News (June 22): Tracking good points within the US fairness markets, a lot of the crypto prices elevated up to now 24 hours. However, crypto markets have failed to keep up their momentum. In the final 24 hours, the worldwide cryptocurrency market cap decreased by greater than 1 p.c to $903 billion during the last day, based on CoinMarketCap knowledge on the time of writing (11.05 am, India time). The prices of just about all top cryptocurrencies are within the crimson as soon as once more.
The world crypto market quantity was $71 billion, down practically 2 p.c within the final 24 hours. Bitcoin dominance has dropped to 43 p.c, based on knowledge on CoinMarketCap, which tracks 19957 cryptos and 530 exchanges.
Bitcoin (BTC) worth has fallen by round 3 p.c within the final 7 days, lowering by 1.28 p.c within the final 24 hours. At the time of writing, BTC was buying and selling at $20,516.
“Bitcoin extended its growth after bouncing back from the US$20,000 mark on Tuesday. It is likely that we may see BTC touching the next crucial level above US$22,000 if the buying volume increases within the next few days. Most cryptocurrencies rose in the past 24 hours, tracking the gains in the US equity markets,” Edul Patel, Co-Founder and CEO of crypto investing platform Mudrex stated.
Crypto Rupe Index Change
Crypto Rupee Index (CRE8) by CoinSwitch decreased over 3 p.c within the final 24 hours to Rs 2238 on the time of writing. CRE8 tracks crypto market efficiency in INR.
Will Bitcoin rise once more?
“Bitcoin remained just under the $21K level after recovering back from a dip below the $18K mark. Interestingly, this minor recovery has sparked the interest of people in Bitcoin again as the number of searches for the token reached a 12-month high,” analysts at WazirX Trade Desk shared in a notice.
“The daily trend for Bitcoin continues to traverse within a descending channel pattern seemingly bouncing-off the support levels. The next key support for Bitcoin is expected at $14,000. The daily RSI recovered back above the 25 level, still remaining in the oversold zone,” they added.
Top Crypto Prices on June 22
Ethereum (ETH): Ethereum worth decreased by over 3 p.c to $1102 within the final 24 hours. In the final 7 days, ETH worth has decreased by round 2 p.c. It is presently ranked second largest crypto asset when it comes to market capitalisation.
Binance (BNB): Binance Chain coin’s worth decreased by round 2 p.c to $217 within the final 24 hours. In the final 7 days, BNB worth has elevated by 2.49 p.c. It is presently ranked as fifth largest crypto asset when it comes to market capitalisation.
XRP: XRP coin’s worth decreased by 0.23 p.c to $0.3248 within the final 24 hours. In the final 7 days, XRP worth has elevated by 7 p.c. It is presently ranked as eighth largest crypto when it comes to market capitalisation.
Solana (SOL): Solana worth decreased by round 2 p.c to $35.04 within the final 24 hours. In the final 7 days, SOL worth has elevated by 24 p.c. It is presently ranked as ninth largest crypto asset when it comes to market capitalisation.
Cardano (ADA): Cardano token’s worth fell by round 5 p.c to $0.4714 within the final 24 hours. In the final 7 days, ADA worth has elevated by 3 p.c. It is presently ranked as seventh largest crypto asset when it comes to market capitalisation.
Dogecoin’s (DOGE) worth elevated by over 20 p.c within the final 7 DAYS. DOGE is presently ranked tenth when it comes to market capitalisation. The worth of DOGE on the time of this report was $0.06399.
Price of Polkadot (DOT) decreased by 12 p.c to $7.59 whereas Avalanche (AVAX) worth additionally fell by 4.13 p.c to $16.53 within the final 24 hours. Both DOT and AVAX are presently ranked tenth and seventeenth respectively on CoinMarketCap. Polygon (Matic) worth decreased by round by 2 p.c to $0.4108 within the final 24 hours. It is presently ranked twenty first on CoinMarketCap.
Meanwhile, Tron (TRX) worth has elevated by round 4 p.c within the final 24 hours days to $0.06544. It is presently ranked thirteenth on CoinMarketCap.
(Cryptos and other digital digital belongings are unregulated in India. They are thought-about extraordinarily dangerous for funding. Please seek the advice of your monetary advisor earlier than making any funding determination)
