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Crypto Market Update: Bitcoin Price Tanks Below INR 23 Lakhs!

Bitcoin Price Today

Bitcoin Tanks Down Below INR 23 Lakhs, Has the Bearish Cartel Taken Over the Rally?

As the US inflation rates were rolled out sometime before, it impacted the crypto space on the spur of the moment. Bitcoin price slumped by more than 5% in the later hours of trade, yesterday and continues with the same price action since the early trading hours. Following these popular altcoins, squeezed all their gains to trade at the same levels, they were during May’s close. 

Presently, the BTC price has dropped by nearly 3% while ETH by 6.61%. The star performer of the week – Chainlink(LINK) plummeted by 11.48% followed by Kusama(KSM) by 10.88% and Tezos (XTZ) by 10.29%. BinanceCoin(BNB) maintains its balance as it drops merely 0.9%, while Solana (SOL), STEPN(GMT) & Shiba INU (SHIB) tanked down by 7.08%, 7.20% & 3.42% respectively.

CRYPTO PRICES TODAY 

Price Trend  Price for June 09, 2022  Percentage change 
The global crypto market cap  $1,194,938,925,552
The total crypto market volume $66,510,227,456
Bitcoin Price $29,262.10 -3.01%
Ethereum Price  $1,674.09 -6.78%

*All prices are latest by 09:15 am,  11 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
Flamingo (FLM) INR 10.63 +10.22%
Internet (ICP) INR 534.62 +0.77%
USD Coin (USDC) INR 82.49 +0.69%

*All prices are latest by 09:15 am,  11 June  2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
SKALE Network (SKL) INR 5.39 -11.61%
Chainlink (LINK) INR 681.95 -11.44%
Phoenix Global (PHB) INR 11.94 –11.20%

*All prices are latest by 09:30 am,  09 June 2022.

Crypto Market Buzz

85% of Merchants are taking crypto payments as a high priority integration as per Deloitte’s survey 

A joint survey conducted by Deloitte and Paypal showed that 85% or merchants are taking crypto payments integration into their business on priority. As per the survey results the mid-management individuals of these businesses have a fair knowledge of crypto payments  As per Deloitte’s report ‘Merchants getting ready for crypto’, these businesses are ready to accept crypto assets and stablecoins.  

Source: Bitcoin.com

Web3 News Global

India ranks first in crypto bases ‘Play to Earn’ games, will it stay atop for longer? 

According to a study, 34% of the population are engaged in ‘Play to Earn’ games while 11% of people may join the P2E bandwagon. P2E games require an individual to invest in crypto assets to be able to participate in the gameplays. These assets activate the gamers profile to help them earn incentives for playing.  

Source: The Economic Times

Crypto News Global 

HTC Is Launching Its very own Metaverse Smartphone

The smartphone brand has been out of sight for quite some time and now they are coming with a smartphone that offers easy access to metaverse. The smartphone enterprise was all set to launch their new range of smartphones earlier but owing to Covid restrictions on the supply chain have caused the delay. The smartphone company has a VR network ‘Vive’ making this new venture more anticipated. 

Source: News 18 

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
Kava (KAVA) $497,250,365 206,711,184.00 KAVA
Band Protocol (BAND) $68,331,602 35,191,821.00 BAND
Livepeer (LPT) $276,955,503 23,977,994.70 LPT
Moonbeam (GLMR) $329,402,475 278,526,258.00 GLMR

 

*All prices are latest by 09:20 am,  11 June  2022.

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