Today’s Cryptocurrency Prices in India on June 12th: BTC, Ethereum, Doge, Solana, Litecoin, Ripple XRP, Dogecoin Pepe, and FLR, with a Look at Global Market Cap.
Bitcoin, the world’s oldest and most valuable cryptocurrency, dipped below $26,000 over the weekend, while Ethereum lost its $1,800 mark. Other altcoins, including Dogecoin, Ripple, Litecoin, and Solana, had mixed results. The global crypto market cap was $1.05 trillion, with a 24-hour loss of 0.32%. The top crypto gainers over the past 24 hours included Flare, Aptos, Polygon, Mask Network, and BitTorrent(New). Meanwhile, the top losers were Pepe, GMX, OKB, THORChain, and The Graph. Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said that BTC and ETH have shown strong resilience despite regulatory challenges and liquidity issues. Rajagopal Menon, Vice President at WazirX, noted that despite US regulators labeling altcoins as securities, the crypto market remains resilient. The CEO of Unocoin, Sathvik Vishwanath, stated that the overall sentiment in the market is one of uncertainty and volatility, with losses of 3.48% and 5.55% for flagship cryptocurrencies Bitcoin and Ethereum, respectively. At the same time, the CEO of BuyUCoin, Shivam Thakral, noted that the crypto market is yet to respond to the US Fed’s decision to pause rate hikes. He also mentioned that interest rates may need to be lowered to boost market liquidity, and that BTC and ETH remained mostly flat with marginal fluctuations during the 24 hours. It’s important to note that crypto products and NFTs are unregulated and can be highly risky, subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before investing.