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Crypto Market Update: Will Bitcoin price & ETH Price Fall into a Bearish Well?

BTC price today

Crypto Market Squeezes Again, Will Bitcoin & Ethereum Fall into a Bearish Well 

After a slight easing up from the selling pressure since the beginning of the week, the markets have now begun squeezing out the gains. Bitcoin price is again on the verge to lose out INR 16 lakh levels, while ETH dropped below INR 90,000. However, the price drain could continue for some more time and may rebound as the day’s end approaches. 

BTC & ETH prices are trading at +0.505 & -1.78% respectively, while the other altcoins within the top 10 are also on the verge to shed the gains. Interestingly, altcoins like Waves (WAVES), Shiba INU (SHIB) & Zilliqa (ZIL) lead the gainers with a jump of 46.46%, 20.88% & 15.53% resp. On the other hand, ApeCoin(APE), Celo (CELO) & Chainlink (LINK) drop by 6.91%, 5.52% & 5.87% respectively.

CRYPTO PRICES TODAY 

Price Trend  Price for June 22, 2022  Percentage change 
The global cryptocurrency market cap  $897,371,187,545.149
The total crypto market volume $70,689,885,362.62
Bitcoin Price $20,331.57 -1.31%
Ethereum Price  $1,092.07 -3.16%

*All prices are latest by 09:32 am, 22 June 2022.

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

CRYPTO PRICE PREDICTION FOR THE DAY

Compound (COMP)

Compound price in the recent days has gained enough bullish momentum after hitting hard to the lowest levels around INR 2000. The buying pressure mounted appears to uplift the price for the next couple of days and the prices are expected to reach the desired target of close to INR 5000 by the end of Q2 2022.

With the beginning of the second half of 2022, the prices are expected to range high and surpass INR 5000 quickly. Here the bearish action may drag the price lower to revisit the levels close to INR 4658. However, by the end of Q3, the prices may regain the levels above INR 5500 and attempt to hit INR 6000 but could fail. To end the yearly trade, the COMP prices may trade around INR 6000 after marking the yearly highs beyond INR 6400.

Additional read: COMP Price Prediction in Detail

TOP 3 CRYPTO GAINERS

Crypto Price* Percentage Change
Waves (WAVES) INR 578.87 45.67%
SHIBA INU(SHIB) INR 0.000805 18.48%
Zilliqa (ZIL) INR 3.32 14.56%

*All prices are latest by 09:32 am, 22 June 2022.

TOP 3 CRYPTO LOSERS

Crypto Price* Percentage Change
ApeCoin (APE) INR 342.23 -10.52%
Flamingo (FLM) INR 9.43 -9.91%
Chainlink (LINK) INR 558.22 -7.39%

*All prices are latest by 09:32 am, 22 June 2022.

Crypto Market Update

Cardano Delays Vasil Hardfork Due to Pending Bug Fixes

Due to 7 bugs that need fixing and incorporating more testing time, Input Output Global, the development company behind Cardano, has postponed the network’s long-anticipated Vasil hard fork upgrade by 4 weeks. The new upgrade is now set to take place by late July 2022.

Source: Cryptobriefing

Top NFT News 

Uniswap Labs Buying Ethereum NFT Aggregator Genie

The rise of NFTs and NFT marketplaces has seen a promising interest front the community. The company behind the Ethereum-based decentralized exchange Uniswap, Uniswap Labs has made a move and is acquiring the NFT aggregation platform Genie.

The Genie acquisition comes just two months after OpenSea announced it was buying the NFT aggregator Gem, which also allows users to purchase multiple NFTs in a single transaction. Like Uniswap, OpenSea also plans to integrate NFT aggregation features into its main platform. 

Source: Decrypt

Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

The popular NFT platform on the Solana blockchain, Magic Eden; which accounted for 90% of the NFT trading volume of SOL; with over 112,927 SOL ($4 million) in 24-hour trading volume announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia Capital valued the firm at $1.6 billion.

Source: CoinTelegraph

NEW COIN LISTING ON COINDCX 

New Coin Market Capitalization Circulating Supply
SKALE Network (SKL) $190,467,489 3.53B SKL
Livepeer (LPT) $205,231,747 24,040,758.76 LPT
Efinity Token (EFI) $23,609,367 169,857,481.27 EFI
DeFine (DFA)
$8,524,900
56,181,518.21 DFA

*All prices are latest by 10:44, 22 June 2022.

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