The overall crypto market registered a significant decline in the last day of June 2022. Bitcoin suffered a loss of 2.27 percent on June 30. This took its price to $21,111 (approximately Rs 16.60 lakh) according to Indian exchange CoinSwitch Kuber. Similarly, a fall of around two per cent affected BTC globally as well. According to Binance and CoinMarketCap, the current price of BTC is around $20,069 (approximately Rs 15.80 lakh). However, bitcoin is not the only crypto asset that is suffering from losses.
ether And solana Both the popular altcoins – found themselves affected by losses of 5.36 per cent and 7.71 per cent respectively.
According to Gadgets 360, where ETH is trading at $1,147 (approximately Rs 90,589), SOL is currently priced at $34 (approximately Rs 2,740). crypto price tracker,
Binance Coin, cardano, Wave, polka dot, AvalancheAnd polygon also joined B T cETH and SOL are on the losing side.
Even stable currencies, such as tie rope, USD coinAnd Binance USD To profit also failed to swim against the momentum of the market and ended up seeing losses.
Shiba Inu, dogecoin, uniswapAnd universe Managed to see small profits.
The total crypto market has fallen to $892 billion (approximately Rs 70,43,820 crore) as compared to a day ago – $929 billion (approximately Rs 73,11,028 crore).
“It is important that industry stakeholders do not lose faith in the potential of crypto assets, and continue to build and develop products in support of the growth of the crypto ecosystem,” the CoinDCX research team told Gadgets 360.
Meanwhile in the midst of the ongoing crypto market downturn, Russian parliament has approved a draft law proposing tax relief on issuers of digital assets and cryptocurrencies in the country.
In India, crypto adoption is witnessing a gradual increase. Asia’s largest Tezos hackathon has seen over 6,000 sign-ups registered in the first three weeks. Participants can win over $100,000 (approximately Rs.79 lakh) in prizes and grants.
in America, millennium A recent report by Alto Investment Firm says to continue to look at crypto as a viable, long-term investment instrument and choose crypto investments over mutual funds.
Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information in this article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.