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Crypto Crash Latest News Today 6/28: Shiba Inu (SHIB), Dogecoin, Solana, DOT, AVAX, XRP, Matic fall up to 8%

Crypto Crash Latest News (28th June): Prices of most of the top cryptos have dropped in the last 24 hours. Meanwhile, the global cryptocurrency market cap decreased by 1.82 per cent to $933 billion over the last day, according to CoinMarketCap data at the time of writing (11.30 am, India time).

The global crypto market volume over the last 24 hours was $56 billion, down 10.47 per cent from the previous day. Bitcoin dominance has dropped to 42.5 per cent.

Bitcoin (BTC) price decreased by around 2 per cent in the last 24 hours. At the time of writing, BTC was trading at $20,770. In the last 7 days, BTC price has decreased by 0.49 per cent. 

Crypto Rupe Index Change

Crypto Rupee Index (CRE8) by CoinSwitch decreased 0.86 per cent in the last 24 hours to Rs 2343 at the time of writing. CRE8 tracks crypto market performance in INR.

Top Crypto Prices on June 28

Ethereum (ETH): Ethereum price decreased by around 3 per cent to $1186 in the last 24 hours. In the last 7 days, ETH price has increased by over 3 per cent. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance Chain coin’s price decreased by 1.13 per cent to $234 in the last 24 hours. In the last 7 days, BNB price has increased by more than 5 per cent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price decreased by 4.11 per cent to $0.3459 in the last 24 hours. In the last 7 days, XRP price has increased by over 5 per cent. It is currently ranked as 7th biggest crypto in terms of market capitalisation.  

Solana (SOL): Solana price decreased by around 5.25 percent to $37.9 in the last 24 hours. In the last 7 days, SOL price has increased by 1.59 per cent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 3 per cent to $0.484 in the last 24 hours. In the last 7 days, ADA price has decreased by 3.33 per cent. It is currently ranked as 8th biggest crypto asset in terms of market capitalisation.  

Dogecoin’s (DOGE) price has increased by around 15 per cent in the last 7 DAYS. However, in the last 24 hours, DOGE is down 8 per cent. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.07087.

The price of Polkadot (DOT) decreased by 4 per cent to $7.64. Avalanche (AVAX) price also fell around 4 percent to $19.32 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 17th respectively on CoinMarketCap. 

Polygon (Matic) price decreased by around 7 percent to $0.5235 in the last 24 hours. In the last 7 days, MATIC has jumped over 21 per cent.  It is currently ranked 18th on CoinMarketCap. In the last 7 days, Matic has jumped 52 percent. 

Shiba Inu (SHIB) price dropped 6.26 per cent in the last 24 hours to $0.00001075. SHIB has jumped nearly 30 per cent in the last 7 days. It is currently ranked 14th on CoinMarketCap.

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Crypto Crash Latest News Updates 6/19: Bitcoin crashes to $18,000; Ethereum price falls below $1000

Crypto Crash Latest News (19th June): Crypto markets appear to have landed in a  non-stop free fall in the last few days. The global cryptocurrency market cap has fallen to nearly $800 billion amid the ongoing crash while the price of Bitcoin has touched a record low of $18,000 and Ethereum is now trading below $1000.

At the time of writing, the global crypto market cap was $818 billion, down 8 percent over the last day, according to data on CoinMarketCap at 9.47 am, India time. 

The crypto markets showed some signs of recovery on Thursday (June 16th) while several top coins registered gains of over 10 per cent. However, amid weak global cues and falling traditional financial markets, cryptos are also facing the downturn. 

The global crypto market volume was $76 billion, up 55 percent over the last 24 hours, indicating a massive sell-off of crypto assets by traders. 

Bitcoin dominance has dropped to 42.86 percent, according to data on CoinMarketCap, which tracks 19866 cryptos and 527 exchanges. 

Bitcoin (BTC) price has dropped by 33 percent in the last 7 days and around 10 percent in the last 24 hours. At the time of writing, BTC was trading at $18,475.

ALSO READ | Will crypto bounce back in 2022? Here’s what experts say 

Crypto Rupe Index Change

Crypto Rupee Index (CRE8) by CoinSwitch increased over 15 percent in the last 24 hours to Rs 1989.  CRE8 tracks crypto market performance in INR.

Top Crypto Prices on June 16

Ethereum (ETH): Ethereum price has decreased nearly 11 percent to $960 in the last 24 hours. In the last 7 days, ETH price has decreased by around 35 percent. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance Chain coin’s price decreased by around 9 percent to $193 in the last 24 hours. In the last 7 days, BNB price has decreased by 25 percent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price decreased by 5% percent to $0.3024 in the last 24 hours. In the last 7 days, XRP price has decreased by 12 percent. It is currently ranked as 8th biggest crypto in terms of market capitalisation.  

Solana (SOL): Solana price increased  by around 1 percent to $30.38 in the last 24 hours. In the last 7 days, SOL price has decreased by 6 percent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.

Cardano (ADA): Cardano token’s price fell by around 8 percent to $0.44 in the last 24 hours. In the last 7 days, ADA price has decreased by 14 percent. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.  

ALSO READ | Why cryptocurrency markets crashed this month

Popular memecoin Dogecoin’s (DOGE) price decreased by around 8 percent in the last 7 DAYS. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.05221.

Price of Polkadot (DOT) decreased by 4 percent to $6.94 while  Avalanche (AVAX) price also fell by 10 percent to $14.29 in the last 24 hours. Both DOT and AVAX are currently ranked 10th and 17th respectively on CoinMarketCap. Polygon (Matic) price decreased by around by 15 percent to $0.3316 in the last 24 hours. It is currently ranked 22nd on CoinMarketCap. 

Meanwhile, Tron (TRX) price has decreased by around 20 percent in the last 7 days to $0.0601. It is currently ranked 13th on CoinMarketCap. 

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Crypto Crash Latest News Update 6/14: Bitcoin, Ethereum, Solana, Cardano, DOT, DOGE, XRP, BNB fall upto 15%

Crypto Crash Latest News (14th June): Top cryptocurrencies have suffered worst price drop of 2022 as the global crypto market cap fell below the $1 trillion mark. This is the first time since January 2021 when the global crypto market cap is below $1 trillion. In fact, around $100 billion has been wiped out from the crypto markets in a day. The global crypto market cap has fallen to $912 billion, down from the $1.04 billion recorded yesterday morning. 

At the time of writing, almost every top crypto was in the red with prices of many touching new lows in the last 24 hours, according to CoinMarketCap data (9.10 am, India time). 

Bitcoin (BTC) price has dropped by 14 percent percent in the last 24 hours to $21,966. The top crypto’s dominance has decreased nearly 2 percent to 45 percent of the total crypto market. In the last 7 days, Bitcoin price has decreased by massive 26 percent. 

Meanwhile, the total cryptocurrency market volume over the last 24 hours increased by 62 percent to $153 billion, indicating massive sell-off of crypto holdings by investors. The total volume in DeFi was $10.55 billion, which is 7 percent of the total crypto market 24-hour volume. Stable coins volume was $136 billion, which is 89 percent of the total crypto market 24-hour volume. 

Why market crashed?

The massive sell-off in crypto markets was triggered due to fears of another systemic threat after crypto lending service Celsius announce pausing withdrawals due to “extreme” market conditions. 

“Bitcoin and the overall Crypto markets bled heavily with BTC falling by over 10% in a single day and dropping below the $21K level as the Dollar Index(DXY) continues to strengthen. The weekly trend for the BTC has broken below the triangle pattern and has fallen below its last support of $24,000,” analysts at WazirX Trade Desk shared in a note. 

ALSO READ | Why crypto markets fell

“The next  immediate and  key support is expected at $19,000. The market sentiment has dipped to a new fear level of 8, the lowest in almost 2 years. The crypto markets could lose more ground if the Dollar Index stays strong and the Stock market continues to correct,” they added. 

Crypto Rupe Index Change

Crypto Rupee Index (CRE8) by CoinSwitch fell 27 percent in the last one day to Rs 2245.  CRE8 tracks crypto market performance in INR the time of writing, the index was down by Rs 829 in 24 hours. CRE8 is an Indian Rupee denominated crypto index reflecting Indian marketing conditions. Read more about CRE8 here)

Top Cryptocurrency Prices on June 13

Ethereum (ETH): Ethereum price has dropped 15 percent to $1159 in the last 24 hours. In the last 7 days, ETH price has decreased by 34 percent. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance Chain coin’s price decreased by 10 percent to $217 in the last 24 hours. In the last 7 days, BNB price has decreased by 24 percent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price decreased by 6 percent to $0.3134 in the last 24 hours. In the last 7 days, XRP price has decreased by 20 percent. It is currently ranked as 8th biggest crypto in terms of market capitalisation.  

Solana (SOL): Solana price decreased  by 4 percent to $28.14 in the last 24 hours. In the last 7 days, SOL price has decreased by 29 percent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 2 percent to $0.4711 In the last 24 hours. In the last 7 days, ADA price has decreased by 21 percent. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.  

Popular memecoin Dogecoin’s (DOGE) price decreased by 10 percent in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.05464.

Price of Polkadot (DOT) decreased to $7.16 while  Avalanche (AVAX) price was down by 2 percent to $16.26 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 16th respectively on CoinMarketCap. Polygon (Matic) price fell by 10 percent to $0.4258 in the last 24 hours. It is currently ranked 18th on CoinMarketCap. 

Meanwhile, Tron (TRX) price has also decreased by 18 percent in the last 24 hours to $0.06072. It is currently ranked 13th on CoinMarketCap. 

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Top cryptocurrency prices today 6/10: Matic, Solana, Polkadot, BNB, Avalanche gain up to 6%; Cardano down

Top cryptocurrency prices today (10th June): The European banks’ decision to hike interest rates spooked the global financial as well as the crypto markets. At the time of writing, the global crypto market cap was at $1.24 trillion while prices of most of the top cryptos were in the green once again, according to CoinMarketCap data at 11.15 am. 

Bitcoin (BTC) price has dropped 0.76 percent in the last 24 hours to $30,131. The good news, however, for Bitcoin investors is that the top crypto is holding on to the above $30,000 level. In the last 7 days, Bitcoin price has decreased by 1.21 percent. 

Meanwhile, the total cryptocurrency market volume over the last 24 hours declined by 10.42 percent to $58.78 billion. The total volume in DeFi was $6.22 billion, which is 10.58 percent of the total crypto market 24-hour volume. Stable coins volume was $50.68 billion, which is 86.22 percent of the total crypto market 24-hour volume. 

Meanwhile, Bitcoin’s dominance as the number one crypto asset decreased l marginally by 0.19 percent over the day to 46.34 percent. 

“We are seeing frequent short-term surges in volatility as market participants are trading within in a tight range because they are unsure of how the crypto market would react to macro-economic conditions. While long-term holders are doubling down on their BTC investments, retail investors still remain risk-averse in the current market,” Darshan Bathija, CEO and Co-Founder of crypto exchange Vauld told FE Online.

ALSO READ | 50,000 Bitcoins leave exchanges. Will BTC touch $34,000 by June end?

“Bitcoin dropped below US$30,000, taking the price back to its trading range since mid of May. BTC has lost nearly 12% in value over the last month and is down more than 35% from its all-time high. Most cryptos are facing a bit of drop after witnessing a growth the previous day. Crypto prices have declined this year, with the Federal Reserve hiking rates to combat inflation on one side and the crash of Terra on the other, which made investors pause a bit,” said Edul Patel, CEO and Co-founder of crypto investment platform Mudrex. 

Crypto Rupe Index CRE8

Crypto Rupee Index (CRE8) by CoinSwitch, which tracks crypto market performance in INR, has decreased by 0.28 percent over the day. At the time of writing, the index was at Rs 3144. CRE8 is an Indian Rupee denominated crypto index reflecting Indian marketing conditions. Read more about CRE8 here)

Top Crypto Prices on June 10

Ethereum (ETH): Ethereum price dropped by 0.52 percent to $1749 in the last 24 hours. In the last 7 days, ETH price has decreased by 1.64 percent. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance Chain coin’s price increased by 1.41 percent to $292.52 in the last 24 hours. In the last 7 days, BNB price has decreased by 4.77 percent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price increased by 1.35 percent to $0.4072 in the last 24 hours. In the last 7 days, XRP price has decreased by 0.12 percent. It is currently ranked as 7th biggest crypto in terms of market capitalisation.  

Solana (SOL): Solana price jumped  by 3 percent to $40.36 in the last 24 hours. In the last 7 days, SOL price has decreased by 1.15 percent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 2.83 percent to $0.6306 In the last 24 hours. In the last 7 days, ADA price has increased by 6.88 percent. It is currently ranked as 6th biggest crypto asset in terms of market capitalisation.  

Popular memecoin Dogecoin’s (DOGE) price decreased by 1.02 percent in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.07938.

Price of Polkadot (DOT) increased by 2.58 percent to $9.32 while  Avalanche (AVAX) price gained 2.47 percent to $24.64. Both DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. Polygon (Matic) price increased by 6 percent to $0.6522 in the last 24 hours. It is currently ranked 18th on CoinMarketCap. 

Meanwhile, Tron (TRX) price has also increased by 0.52 percent in the last 24 hours to $0.08149. It is currently ranked 13th on CoinMarketCap. 

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Crypto Crash News Latest Update (6/2): Top cryptocurrency prices today fall; BTC, Cardano, ETH, SOL down upto 12%

Crypto Crash Update (2nd June): After rising to  $1.31 this week, the volatile global crypto market cap once again crashed to $1.23 trillion over the last day, according to CoinMarketCap data at the time of writing (11.28 am). The crypto market cap has decreased by 5 percent in the last 24 hours with prices of all top coins losing their gains in the last two days.

Bitcoin (BTC) price is once again below the $30,000 level, falling 5.34 percent in the last 24 hours. At the time of writing, Bitcoin price on global exchanges was $29,792.

The total cryptocurrency market volume over the last 24 hours increased by 11.24 percent to $96.23 billion. The total volume in DeFi was $7.34 billion, which is 7.63 percent of the total crypto market 24-hour volume. Stable coins volume was $83.23 billion, which is 86.49 percent of the total crypto market 24-hour volume. 

Top Crypto Prices

Several top crypto prices have decreased in the last 24 hours, including Bitcoin, Ethereum and others. Take a look:  

Ethereum (ETH): Ethereum price decreased by 5.76 percent to $1813 in the last 24 hours. In the last 7 days, ETH price has decreased by 6.08 percent. It is currently ranked second largest crypto asset in terms of market capitalisation.  

ALSO READ | Will Bitcoin rise again fast in 2022?

Binance (BNB): Binance Chain coin’s price  decreased by 5.59 percent to $301 in the last 24 hours. In the last 7 days, BNB price has decreased by 5.09 percent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price increased by 6.04 percent to $0.3927 in the last 24 hours. In the last 7 days, XRP price has decreased by 2.63 percent. It is currently ranked as 6th biggest crypto asset in terms of market capitalisation.  

Solana (SOL): Solana price decreased by 13.15 percent to $38.25 in the last 24 hours. In the last 7 days, SOL price has decreased by 16.05 percent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 5.97 percent to $0.5654 In the last 24 hours. In the last 7 days, ADA price has increased by 12.26 percent. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.  

ALSO READ | Why crypto is falling today

Popular memecoin Dogecoin’s (DOGE) price decreased by 5.57 percent in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.08096.

Prices of Polkadot (DOT) decreased by 7.84 percent to $9.46 while  Avalanche (AVAX) decreased by 8.36 percent to $23.38. Both DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. Polygon (Matic) price decreased by 7 percent to $0.6015 in the last 24 hours. It is currently ranked 17th on CoinMarketCap. 

Meanwhile, Tron (TRX) price has decreased by 0.58 percent in the last 24 hours to $0.08236. It is currently ranked 13th on CoinMarketCap. 

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Crypto Prices Today: Bitcoin Continues To Stay Below $30,000, Shiba Inu, Dogecoin Gain

Bitcoin price today plunged below the $30,000 mark after hovering around the level since the past few sessions. The world’s largest and most popular cryptocurrency fell 0.8% and was trading at $28,714.83. The token is down 36% so far this year and has led a decline in digital assets across the whole crypto spectrum, with the world’s largest token set for an eighth straight weekly loss in its longest such slump since August 2011.

Ether, the second-largest cryptocurrency decline 0.9% trading at $1,731.20 on Saturday morning. However, dogecoin gained today trading at 5.3% at $0.081621 and Shiba Inu also gained 1.6% to $0.00001052. The global cryptocurrency market capitalization today is $1.24 trillion, a 1.1% drop in the last 24 hours and the total cryptocurrency trading volume since yesterday is at $102 billion.

On the other hand, Cardano dropped 2.1% trading at $0.452141 on Saturday, while Solana dropped 4.1% trading at $40.69, based on data from CoinGecko.

Meanwhile, Bitcoin is witnessing this roller coaster in the wake of both the macro headwinds of Federal Reserve monetary tightening and the crypto-specific fallout from this month’s implosion of the TerraUSD algorithmic stablecoin, which continues to weigh on digital assets, particularly those related to decentralized finance. Altogether, the crypto market has lost some $500 billion in market value so far in May, a 29% plunge.

Cryptocurrencies declined even as risks assets such as stocks rose, marking a break from their recent lockstep relationship and a sign of shaky conviction that could portend a worrisome trend.

With the reverberations from Terra’s collapse hitting altcoins harder, Bitcoin now claims a larger share of the cryptosphere, accounting for 44% of the total market’s value. That’s the most since October, just before the latest bull market peaked, based on data from CoinGecko. But it’s not as if Bitcoin has been spared: It is now down almost 60% from its all-time high in November, though it has generally traded in a range of $28,000 to $30,000 in the past couple of weeks.

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Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours . At the time of writing, global crypto market cap was $1.28 trillion, as per data on CoinMarketCap. Bitcoin price has also breached the $30,000 barrier, reaching $30,161 at the time of writing.  

The global cryptocurrency market volume over the last 24 hours decreased by 0.46% to $82 billion. The total volume in DeFi was $7.42 billion, which is 9.04% of the total crypto market 24-hour volume. Stable coins volume was $72.98 billion, which is 88.94% of the total crypto market 24-hour volume. 

Bitcoin price increased by 3.31 percent in the last 24 hours. Meanwhile, Bitcoin’s dominance as top crypto asset increased by 0.14% to 44.83% over the day. Overall Bitcoin price has decreased by 1.4% in the last 7 days. 

No quick recovery

Even as Bitcoin and several other top altcoins recovered some of their lost price in the last one day, experts are of the view that quick recovery in the crypto markets is not going to happen soon. 

ALSO READ | How to keep your cryptos safe even if the exchange goes bankrupt

“Bitcoin, Ethereum and other altcoins were moving in tandem with the equities market. The bearish sentiment in Wall street fell over to the crypto markets as well. Just a day after US Federal Reserve Chairman Jerome Powell commented on how the 50-basis point rate hikes would continue to control inflation, markets reacted by taking a risk-off approach,” Darshan Bathija, CEO and Co-Founder of Vauld told FE Online. 

“A quick crypto market recovery would be unlikely if the macro-economic conditions don’t improve,” he added. 

Top Crypto Prices

Made with Flourish

Meanwhile, many of the top crypto prices increased in the last 24 hours. Take a look:

Ethereum (ETH): Ethereum price increased by 3.44% to $2021 in the last 24 hours. In the last 7 days, ETH price has decreased by 2.98%. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance coin’s price  increased by 4.39% to $308 in the last 24 hours. In the last 7 days, BNB price has increased by 0.85%. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price decreased by 6.01% to $0.435 in the last 24 hours. In the last 7 days, XRP price has decreased by 2.02%. It is currently ranked as 6th biggest crypto asset in terms of market capitalisation.  

Solana (SOL): Solana price increased by 1.53% to $51.72 in the last 24 hours. In the last 7 days, SOL price has increased by 2.98%. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price increased by 2.36% to $0.5331 In the last 24 hours. In the last 7 days, ADA price has decreased by 1.82%. It is currently ranked as 8th biggest crypto asset in terms of market capitalisation.  

Popular memecoin Dogecoin’s (DOGE) price dropped by 2.59% in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.0869.

Meanwhile, prices of Polkadot (DOT) and Avalanche (AVAX) increased by 2.71 and 0.35 per cent in the last 24 hours respectively. DOT and AVAX are currently ranked 11th and 13th on CoinMarketCap. Polygon (Matic) price increased by 2.53% to 0.6535 in the last 24 hours. It is currently ranked 17th on CoinMarketCap. 

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)




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Top Cryptocurrency Prices Today in India, May 11

Cryptocurrency Prices Today in India (May 11, 2022): The global crypto market cap increased slightly by 1.10% to $1.42 trillion in the last 24 hours, according to CoinMarketCap data on Wednesday (9.56 am). Only a few top cryptos have shown signs of recovery while the the global cryptocurrency market volume over the last 24 hours decreased by 17.35% to $152.58 billion. The total volume in DeFi was $20.65 billion, which is 13.53% of the total crypto market 24-hour volume. Stable coins volume was $137.66 billion, which is 90.23% of the total crypto market 24-hour volume. 

The Bitcoin price increased slightly to $31,296 in the last 24 hours. It had fallen below $30,000 level on Monday. 

ALSO READ | Crypto crash over? Is cryptocurrency market recovering? Here’s what experts say

Bitcoin’s dominance as top crypto asset remains unchanged over the last day at around 41.88%. The overall Bitcoin price has decreased by 17.49% in the last 7 days. In the last 24 hours, Bitcoin price increased by 1.20%.

Extreme Fear continues

Even as the market may appear to be recovering, experts are of the view that that extreme fear persists. 

Top Crypto Prices

The list of top 10 cryptos on CoinMarketCap has seen some changes amid the ongoing crypto market crash. Terra (Luna) is no out of top 10 while Dogecoin is back at number 10. Take a look at how the prices moved in the last 24 hours:

Ethereum (ETH): Outperforming Bitcoin, Ethereum price increased by 1.77% to $2356 in the last 24 hours. In the last 7 days, ETH price has decreased by 15.40%. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance coin’s price also outperformed Bitcoin as it increased by 1.74% to $318 in the last 24 hours. In the last 7 days, BNB price has decreased by 17.38%. It is currently ranked as fourth biggest crypto asset in terms of market capitalisation.  

ALSO READ | Why Is Cryptocurrency Market Crashing and What Is Top 10 Crypto Prices Now

XRP: XRP coin’s price increased by 2.3% to $0.5189 in the last 24 hours. In the last 7 days, XRP price has decreased by 15.27%. It is currently ranked as 6th biggest crypto asset in terms of market capitalisation.  

Solana (SOL): Solana price decreased by 0.87% to $66.35 in the last 24 hours. In the last 7 days, SOL price has decreased by 22.92%. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 0.99% to $0.6267 In the last 24 hours. In the last 7 days, ADA price has decreased by 19.59%. It is currently ranked as 8th biggest crypto asset in terms of market capitalisation.  

Popular memecoin Dogecoin’s (DOGE) price decreased by 0.30 in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.1092.




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Crypto Crash news: Why is cryptocurrency market crashing? Check top 10 crypto prices today

Cryptocurrency Prices Today in India (May 9, 2022): The global crypto market cap has shrunk to $1.54 trillion, decreasing by 2.28% in the last 24 hours, according to CoinMarketCap data on Monday (11.26 pm). Almost every top 10 crypto prices have decreased in the last 24 hours while the global cryptocurrency market volume over the last 24 hours increased by 3.18% to $96.96 billion. The total volume in DeFi was $11.39 billion, which is 11.39% of the total crypto market 24-hour volume. Stable coins volume was $87.56 billion, which is 90.3% of the total crypto market 24-hour volume. 

The Bitcoin price has also shrunk to $33,628. Bitcoin’s dominance as top crypto asset remains unchanged over the last day at around 41.48%. The overall Bitcoin price has decreased  by 13.64% in the last 7 days. In the last 24 hours, Bitcoin price decreased by 2.25%.

Experts say that panic over inflation and fears of a potential recession are reasons behind the ongoing crypto market crash.  

“When the Fed Reserve announced that interest rates would rise by half a percentage point, BTC saw a brief relief rally where the crypto touched $40,000. This sentiment did not last for long as market participants began panicking over inflation and a potential recession, resulting in equities and crypto markets plunging,” Darshan Bathija,  CEO and Co-Founder of Vauld, told FE Online.  

A sharp fall in market sentiment resulted in Bitcoin registering levels around $34000, while ETH dropped to $2527.

The fear and greed Index for crypto, which gauges market sentiment stood at “extreme fear” at the moment.

“The crypto markets have been moving in lock-step with the equities market, and what we’re seeing right now is investors treating BTC as a risk-on asset. In light of fears of rising inflation, most investors have taken a risk-off approach – selling stocks and cryptos alike in order to cut down risk,” said Bathija.

Top Crypto Prices

Prices of several other top 10 crypto assets have fallen sharply in the last few days.  Take a look at how the prices moved in the last 24 hours:

Ethereum (ETH): Ethereum price decreased by 3.41% to $2450 in the last 24 hours. In the last 7 days, ETH price has decreased by 14.15. It is currently ranked second largest crypto asset in terms of market capitalisation.  

Binance (BNB): Binance coin’s price decreased by 3.13% to $347 in the last 24 hours. In the last 7 days, BNB price has shrunk by 11.05%. It is currently ranked as fourth biggest crypto asset in terms of market capitalisation.  

XRP: XRP coin’s price decreased by 0.55% to $0.5656 in the last 24 hours. In the last 7 days, XRP price has decreased by 9.40%. It is currently ranked as 6th biggest crypto asset in terms of market capitalisation.  

Solana (SOL): Solana price decreased by 13.41% to $74.91 in the last 24 hours. In the last 7 days, SOL price has decreased by 16.73%. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.  

Cardano (ADA): Cardano token’s price decreased by 4.21% to $0.7069 In the last 24 hours. In the last 7 days, ADA price has decreased by 10.53%. It is currently ranked as 8th biggest crypto asset in terms of market capitalisation.  

Terra (LUNA): Terra coin’s price decreased by 3.61% to $62.69 in the last 24 hours. In the last 7 days, LUNA price has decreased by 24.59%. It is currently ranked as 8th biggest crypto asset in terms of market capitalisation.   

Popular memecoin Dogecoin’s (DOGE) price decreased by 2.71% in the last 24 hours while Shiba Inu (SHIB) price decreased by 4.97% over the last day. DOGE is currently ranked 12th and SHIB 15th in terms of their respective market capitalisations. The price of DOGE at the time of this report was $0.1221 while SHIB price was $0.00001771.




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Top cryptocurrency prices today: Bitcoin, Ether, Cardano, Avalanche rise up to 14%

New Delhi: Major crypto tokens soared sharply following rate hike by the US Federal Reserve. The eased down aggression from Jerome Powell boosted morale in the digital crypto market.

Barring the dollar-pegged USD Coin, all major crypto tokens were boasting strong gains Thursday. Cardano and Avalanche rallied 14 per cent each, whereas Solana rose 10 per cent. Bitcoin and Ethereum were up by 5 per cent each.

The global cryptocurrency market cap was trading stronger at the $1.82 trillion mark, rising more than 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 40 per cent to $100.69 billion.

What’s cooking in India?
The latest word on the street is that India’s tax department could potentially raise taxes deducted at source (TDS) on interest earned by Indian residents on foreign platforms up to 20 per cent, said CoinDCX Research Team. “The TDS on crypto transactions is 1% as of date, to be implemented come 1st July,” it added. “While we welcome the additional clarity brought about by regulators into the space, we are also mindful of the impact excessive taxes on crypto investments could have on the flow of capital and growth of innovation in India.”

Global updates
ApeCoin (APE), the native token of the Bored Ape Yacht Club (BAYC) ecosystem, surged and then sank during the European trading session as Tesla founder Elon Musk put up a collage of Bored Apes as his Twitter profile picture.

Tron, the blockchain founded by entrepreneur Justin Sun in 2017 to compete with Ethereum, will release its algorithmic stablecoin called decentralized USD (USDD) on Thursday.

FIFA, soccer’s global governing body, locked in Algorand as an official blockchain partner before the World Cup competition that starts in November in Qatar.


Tech View by Giottus Crypto Exchange
The US Federal Reserve’s repo rate hike had capital markets spooked across the globe. Its impact on Bitcoin was debated, with some expecting a flight of capital towards Bitcoin given its reputation as an inflation hedge, while others predicted that prevailing sentiment would also impact Bitcoin negatively.

The former seems to have happened, with Bitcoin breaking up minutes after the rate hike to deliver a change in market structure over the 1-hour time frame and attaining its highest level in nearly a week.

Bitcoin’s attempts to break $40,000 have so far been thwarted, but the momentum seems strong. Altcoins have begun rallying as well, leading to a decrease in Bitcoin dominance that may even suggest a sustained rally is on the cards. Bitcoin will need to overcome a key resistance level at $40,800.

This is likely to be followed by a rally to $42,000 and beyond. However, should this turn out to be a bull trap, Bitcoin’s September low of $39,600 and the $38,500 level will act as support. Long-time frame closes below these levels will indicate a lack of confidence in Bitcoin and may suggest further downside.

Major levels
Support: $39,500, $38,700

Resistance: $40,800, $41,500, $42,000

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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