Crypto Crash Breaking News Today 6/7: Top Cryptocurrency Prices – Bitcoin, Ethereum, Polkadot to Avalanche Drop to 11%

Crypto Crash News June 7: The prices of many top cryptos have fallen again in the past 24 hours, while the global crypto market cap has fallen to $1.22 trillion, down 4.52% in the past day, according to data from CoinMarketCap at the time of writing (09: 25).

The price of Bitcoin (BTC) is back in the red and is below the $30,000 level, down 5% in the past 24 hours. At the time of writing, Bitcoin’s price on global exchanges was $29,603.

The total cryptocurrency market volume in the last 24 hours has increased by 54% to $81.64 billion. Total DeFi volume was $6.48 billion, or 8% of the total 24-hour crypto market volume. The stablecoin volume was $70.27 billion, or 86.07% of the total 24-hour crypto market volume.

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Meanwhile, Bitcoin’s dominance as the number one crypto asset fell slightly by 0.09% during the day to 46.35%.

Bitcoin has fallen to US$29,000 in the past 24 hours after growing nearly 4% on Sunday. BTC traded in a narrow range of $29,000 and $31,000 and is struggling to move above the $31,000 level.

“BTC is currently down about 35% from its all-time high. The current drop is due to Bitcoin miners liquidating their holdings as mining has become less profitable lately. We could see volatility in the market for a few more days,” said Edul Patel, co-founder and CEO of crypto investment platform Mudrex.

Changing the Crypto Rupe Index

CoinSwitch’s Crypto Rupee Index (CRE8), which tracks the crypto market’s performance in INR, fell by Rs 11.72 in the past 24 hours. At the time of writing, the index stood at Rs 3063. CRE8 is an Indian Rupee denominated crypto index reflecting Indian trading conditions. Read more about CRE8)

Best crypto prices June 6

Ethereum (ETH): Ethereum price fell 6.38% in the last 24 hours to $1756. In the last 7 days, the price of ETH has fallen 11.84%. It is currently ranked as the second crypto asset by market cap.

Binance (BNB): The price of Binance Chain coins has fallen 7.42% to $284.47 in the last 24 hours. In the past 7 days, the price of BNB has fallen by 11.33%. It is currently ranked as the fifth largest crypto asset by market capitalization.

XRP: The price of XRP coin is down 3.64% in the past 24 hours to $0.3887. In the past 7 days, the price of XRP has fallen by 7.15%. It currently ranks 7th among cryptocurrencies by market capitalization.

Solana (SOL): Solana price fell 5.33% in the past 24 hours to $39.55. In the past 7 days, the price of SOL has fallen by 16.92%. It currently ranks 9th among crypto assets by market cap.

Cardano (ADA): The price of the Cardano token has fallen 4.96% in the past 24 hours to $0.6216. In the past 7 days, the price of ADA is up 0.88%. It currently ranks 6th among crypto assets by market cap.

The popular memecoin price Dogecoin (DOGE) is down 4.55% in the past 24 hours. DOGE is currently in 10th place in terms of market capitalization. The price of DOGE at the time of this report was $0.07927.

The price of Polkadot (DOT) fell 7.53% to $9.08, while Avalanche (AVAX) fell 9.83% to $23.83. DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. The price of Polygon (Matic) is down 5.06% to $0.5939 in the last 24 hours. It currently ranks 18th on CoinMarketCap.

Meanwhile, the price of Tron (TRX) also fell 4.17% in the past 24 hours to $0.07976. It currently ranks 13th on CoinMarketCap.

(Cryptos and other virtual digital assets are not regulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)

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