Crypto Crash Breaking News Today (June 4): The global crypto market cap has crashed to $1.21 trillion, down 3.61% over the past day, according to data from CoinMarketCap at the time of writing (8:27 AM). The prices of all major coins, including Bitcoin, have also fallen over the past 24 hours.
Bitcoin (BTC) price is again below the $30,000 level, dropping 3.23% in the last 24 hours. At the time of writing, the price of Bitcoin on global exchanges was $29,557.
Experts say the price of BTC fell as buyers stayed on the sidelines. The general sentiment among crypto traders remains bearish, indicated by the Bitcoin Fear & Greed Index which has moved deeper into “extreme fear” territory.
Crypto markets seem to follow the traditional market. The S&P 500 and Nasdaq also fell on Friday.
Total cryptocurrency market volume in the past 24 hours decreased by 10.89% to $61.95 billion. Total DeFi volume was $5.45 billion, or 8.79% of the total 24-hour crypto market volume. The stablecoin volume was $52.48 billion, or 86.49% of the total 24-hour crypto market volume.
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Meanwhile, Bitcoin’s dominance as the number one crypto asset has been intact at over 46% for several days. For many weeks now, BTC dominance has exceeded 45% as many altcoins have fallen to record lows.
INR Crypto Market
Meanwhile, CoinSwitch’s Crypto Rupee (INR) Index fell by Rs 24.9 in the past 24 hours. At the time of writing this article, the index was at Rs 3054.33. The CoinSwitch Crypto Rupee Index (CRE8) is an Indian rupee-denominated crypto index reflecting Indian trading conditions. The index is calculated based on the performance of the 8 largest crypto assets by market capitalization and listed on the CoinSwitch platform. These assets include Bitcoin, Ethereum, Binance Coin (BNB), XRP, Cardano, Solana, Polkadot, and Dogecoin.
Best Crypto Prices
Several top crypto prices have fallen in the last 24 hours: Take a look:
Ethereum (ETH): Ethereum price fell 4.29% to $1753 in the past 24 hours. Over the past 7 days, the price of ETH has increased by 1.38%. It is currently ranked the second crypto asset by market capitalization.
Binance (BNB): Binance Chain coin price decreased by 3.85% to $296.53 in the last 24 hours. Over the past 7 days, the price of BNB has decreased by 0.72%. It is currently ranked the fifth largest crypto asset by market capitalization.
XRP: The price of the XRP coin has decreased by 5.3% to $0.3927 in the last 24 hours. Over the past 7 days, the price of XRP has decreased by 0.88%. It is currently ranked 6th among crypto assets by market capitalization.
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Solana (SOL): Solana price crashed 12% to $36.2 in the last 24 hours. Over the past 7 days, the price of SOL has decreased by 10.88%. It is currently ranked 9th among crypto assets by market capitalization.
Cardano (ADA): The price of the Cardano token declined by 6.91% to $0.5525 in the past 24 hours. In the past 7 days, the price of ADA has increased by 22.3%. It is currently ranked 7th among crypto assets by market capitalization.
The popular memecoin price Dogecoin (DOGE) has declined by 3.34% in the past 24 hours. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.07982.
Polkadot (DOT) prices fell 6.2% to $9.21 while Avalanche (AVAX) fell 8% to $22.38. DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. Polygon (Matic) price decreased by 5.64% to $0.5821 in the last 24 hours. It is currently ranked 18th on CoinMarketCap.
Meanwhile, the price of Tron (TRX) has declined by 8.21% in the past 24 hours to $0.07838. It is currently ranked 13th on CoinMarketCap.
(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)