Crypto Crash Latest News Update Today (twenty ninth June 2022): Most of the highest cryptos traded low on Tuesday whereas the worldwide cryptocurrency market cap shrunk beneath $900 billion, lowering round 5 per cent over the day. Prices of many of the prime cryptos have dropped within the final 24 hours, in line with CoinMarketCap knowledge on the time of updating this text (12.49 pm, India time).
The world crypto market quantity over the past 24 hours was $60.36 billion, up 6.01 per cent from the day past. Bitcoin dominance remained secure at round 42.5 per cent throughout the interval.
Bitcoin (BTC) value decreased by round 5 per cent within the final 24 hours. At the time of writing, BTC was buying and selling beneath $20,00. In the final 7 days, BTC value has fallen by 0.75 per cent.
“Along with the US equity markets, most cryptos have also traded low on Tuesday. Bitcoin and most cryptocurrencies have been facing turbulence with market movements. BTC fell below US$21,000 with downward pressure intensifying yesterday, sending the largest crypto slightly lower than Monday. If bulls can move above the US$21,000 level and hold, we can expect BTC trading at US$22,000 in the coming days,” Edul Patel, CEO and Co-founder of crypto funding platform Mudrex stated.
Bitcoin beneath 200-week transferring common
“Bitcoin remained fairly flat throughout the last day, consolidating between $20K and $21K. On the weekly timeframe, the BTC trend has formed a descending channel pattern. The weekly RSI had hit an all-time low a couple of weeks back and hasn’t shown any significant improvement since then,” analysts at WazirX Trade Desk shared in a notice with FE Online.
“Another crucial fact is that the BTC price has closed below the 200-week Moving Average(MA) for the second week in a row which is unheard of. The 200-week MA is currently at around $22,500 and if BTC breaks this level, then the key resistance will be at $32,300 else the key support would be at $14,000,” the notice added.
Crypto Rupe Index Change
Crypto Rupee Index (CRE8) by CoinSwitch dropped 2.28 per cent within the final 24 hours to Rs 2252 on the time of writing. CRE8 tracks crypto market efficiency in INR.
Top Crypto Prices on June 29
Ethereum (ETH): Ethereum value fell practically 7 per cent to $1124 within the final 24 hours. In the final 7 days, ETH value has elevated by over 4 per cent. It is at the moment ranked the second largest crypto asset by way of market capitalisation.
Binance (BNB): Binance Chain coin’s value decreased by practically 8 per cent to $219 within the final 24 hours. In the final 7 days, BNB value has elevated by 3 per cent. It is at the moment ranked because the fifth greatest crypto asset by way of market capitalisation.
XRP: XRP coin’s value decreased by 6 per cent to $0.3286 within the final 24 hours. In the final 7 days, XRP value has elevated by 2.49 per cent. It is at the moment ranked because the seventh greatest crypto by way of market capitalisation.
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Solana (SOL): Solana value decreased by round 10 per cent to $35 within the final 24 hours. In the final 7 days, SOL value has elevated by 2.41 per cent. It is at the moment ranked because the ninth greatest crypto asset by way of market capitalisation.
Cardano (ADA): Cardano token’s value decreased by 4.44 per cent to $0.4693 within the final 24 hours. In the final 7 days, ADA value has elevated by 0.41 per cent. It is at the moment ranked as eighth greatest crypto asset by way of market capitalisation.
Dogecoin’s (DOGE) value has decreased by round 10 per cent within the final 24 hours. DOGE is at the moment ranked tenth by way of market capitalisation. The value of DOGE on the time of this report was $0.06515.
Price of Polkadot (DOT) decreased by 6.66 per cent to $7.21. Avalanche (AVAX) value fell round 9 per cent to $18.28 within the final 24 hours. Both DOT and AVAX are at the moment ranked eleventh and seventeenth respectively on CoinMarketCap.
Polygon (Matic) value decreased by round 4 per cent to $0.5194 within the final 24 hours. In the final 7 days, MATIC has jumped 30 per cent. It is at the moment ranked 18th on CoinMarketCap. In the final 7 days, Matic has jumped 52 per cent.
Shiba Inu (SHIB) value dropped practically 11 per cent within the final 24 hours to $0.000009715. It is at the moment ranked 14th on CoinMarketCap.
(Cryptos and different digital digital property are unregulated in India. They are thought of extraordinarily dangerous for funding. Please seek the advice of your monetary advisor earlier than making any funding choice)
Source: www.financialexpress.com”