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Crypto Market Update: Bitcoin Price on the Verge of Sliding Below INR 20 Lakhs

Bitcoin Price

Crypto Market Crashes Hard As Bitcoin Prices On the Verge of Sliding Down Below INR 20 Lakhs!

The Crypto space experienced one of the dreadful weekends as the markets tanked hard, with most of the assets plunging nearly 15%. The bears remain heavily dominated and hence the inverse price action is expected to continue further. Bitcoin price & Ethereum prices are on the verge to lose INR 20 Lakh and INR 1 Lakh respectively after plummeting more than 6% each. 

While some of the tokens like Internet Computers(ICP), Neo (NEO), Decentraland (MANA), etc surged 6.05%, 6.01% & 4.05%, respectively. On the other hand, Fantom (FTM), Curve DAO Token (CRV), and Elrond (EGLD) plunged nearly 15% each. Interestingly, popular sister tokens, Terra (LUNA) & TerraClassic(LUNC) gained bullish momentum and jumped nearly 5%. 

CRYPTO PRICES TODAY 

Price Trend  Price for June 04, 2022  Percentage change 
The global crypto  market cap  $1,048,204,419,607
The total crypto market volume $102,537,874,503
Bitcoin Price $25,806.16 -6.36%
Ethereum Price  $1,367.23 -6.67%

*All prices are latest by 10:20, 13  June 2022.

Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

TOP GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS  

Crypto Price* Percentage Change
Internet Computer (ICP) INR 496.44 +8.75%
NEO (NEO) INR 888.53 +5.97%
Decentraland (MANA) INR 66.39 +4.75

*All prices are latest by 10:20, 13  June 2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
Fantom (FTM) INR 17.82 -16.31%
Curve (CRV) INR 59.40 -15.92%
Flamingo (FLM) INR 10.35 -14.15%

*All prices are latest by 10:20, 13  June 2022.

Crypto Market Buzz

Crypto Market Lose $100Bn as Recession Scare shakes the investors’ sentiment 

The crypto market loses $ 100 billion as the weekend witnessed a major panic selling. Bitcoin dropped below $ 26,000 while other assets like Avalanche and Tron also took the recession threat bullet bringing down double digits. In this inflationary economy investors who were readily risking bets on crypto have withdrawn themselves and wait for the dust to settle down.

Source: BeinCrypto

Web3 News Global

Fashion house ‘Farfetch’ to soon accept BTC, ETH, and BNB Payments 

Amidst the crypto crash, luxury and lifestyle brands have been adopting crypto payments in their system.  Farfetch is another luxury fashion line. Lunu, a German startup deals into crypto payments and are collaborating with Farfetch to help them include Bitcoin, Ethereum and Binance Coin into their payment method offerings. Initially, crypto payments will only be offered to private customers. Later, the fashion house plans to expand crypto payments to UK, U.S.A and Europe. 

Source: USA Today

JP Morgan to dip their toe in crypto by bringing  DeFi Yields to Non-Crypto Assets.

The giant consulting firm JPMorgan has found a channel that will enable DeFi developers to make the most out of the yield-generating potential of non-crypto assets. The firm has sent subtle hints of incorporating DeFi to non-crypto assets via tokenization which will bear fruition after the tokenization of non-crypto assets is fully absorbed by investors and institutions. 

Source: crypto news 

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
BAND Protocol (BAND) $47,568,613 35,191,821.00 BAND
Livepeer (LPT) $209,258,180 23,989,940.53 LPT
Moonbeam (GLMR) $272,791,961 297,496,832.00 GLMR
SKALE Network (SKL) $172,245,368 3.53B SKL

*All prices are latest by 11:20, 13  June 2022.

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