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Crypto Market Update: BTC Erases Gains Incurred in the Past 24 Hours

Crypto Market Update

Bitcoin Erases Gains Incurred in the Past 24 Hours in Minutes! What’s Awaited for the Altcoins Ahead?

Replicating the previous price action, the BTC price again slipped below INR 23 Lakhs recording a massive bearish candle of more than 6%. The move has compelled the entire crypto space to head towards the south, squeezing out most of the gains accumulated in the past 24 hours. Bitcoin and Ethereum plunged heavily by 5.33% & 6.64% respectively, slashing the global market capitalization down by more than 5% since the early trading hours. 

Amid the bearish clouds hovering above the crypto space, yet some altcoins like Helium(HNT), Gala (GALA), Tezos (XTZ) maintain a notable uptrend of 5.05%, 4.03% & 1.01% resp. On the other hand, assets like Aave (AAVE), Chilliz (CHZ) & Internet Computer (ICP) have plunged more than 10% each. Popular tokens like TerraClassin(LUNC) dropped by 9.74% while STEPN(GMT) & Optimism (OP) tanked down by 5.22% & 5.79% at the press time.

CRYPTO PRICES TODAY 

Price Trend  Price for May 16, 2022  Percentage change 
The global cryptocurrency market cap  $1,211,431,161,219
The total crypto market volume $81,208,111,020
Bitcoin Price $29,484.42 -5.07%
Ethereum Price  $1,747.38 -6.60%

*All prices are latest by 09:00, 07 June 2022.

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

CRYPTO PRICE PREDICTION FOR THE DAY

STEPN (GMT)

The STEPN(GMT) price in almost all time horizons is pretty bearish as the market sentiments have flipped recently. No indicators are bullish right now, and neither displays a possibility of undergoing a notable rally in the near future. Yet some of the indicators are neutral and hence the price if not dropped may remain consolidated. On the other hand, in the longer time frame, MACD is slightly bullish and hence a significant upswing may be expected then.

Additional Read: STEPN Price Prediction in detail

TOP GAINERS AND LOSERS TODAY

TOP 3 CRYPTO GAINERS  

Crypto Price* Percentage Change
Helium (HNT) INR 843.24 +9.24%
Polymath (POLY) INR 23.64 +8.56%
Gala (GALA) INR 6.69 +7.00%

*All prices are latest by 09:00, 07 June 2022.

TOP 3 CRYPTO LOSERS 

Crypto Price* Percentage Change
Internet (ICP) INR 567.84 -4.49%
Chiliz (CHZ) INR 9.96 -8.96%
Aave (AAVE) INR 8211.25 -8.54%

*All prices are latest by 09:00, 07 June 2022.

Crypto Market Buzz

Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently

Reserves of 1k-10k BTC holders have started investing more. According to a post by CryptoQuant analyst, the whales have a pattern of buying at dips and selling at near tops. The analyst has also observed that a group of investors has been selling at declines while the smart investors have been doing quite the opposite. 

Source:  News BTC

Web3 News Global

Scammers hack into BAYC and Otherside Metaverse, Steal 32 NFTs Worth $259,000

PeckShield, a blockchain security firm, investigated the case of BAYC and Otherside Metaverse Discord server hack. Reportedly a pseudonymous analyst shared an image of the bad actors who breached the account of Yuga Labs community and social manager Boris Vagner to pull off a phishing scheme which made some of the members send 145 Ethereum (ETH) worth of NFTs to a phony wallet.

Source: The Daily Hodl

Crypto News Global 

MG Motors launches Metaverse platform MGverse 

MG Motors announced the launch of MGverse – a metaverse where customers and other stakeholders will be able to connect in an immersive way. In the MGverse users will be able to interact with real data. Customers will be able to explore and create their own custom vehicles in one of the 5 arenas. The firm will also have exclusive NFT collectibles for its customers to trade on.

Source:  The Economic Times

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
SKALE Network (SKL) $235,534,218 3.53B SKL
BAND ProtOcol (BAND) $56,355,873 35,191,821.00 BAND
Moonbeam (GLMR) $351,956,627 278,026,619.00 GLMR
Livepeer (LPT) $282,078,591 23,946,556.69 LPT

*All prices are latest by 09:00, 07 June 2022.

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