Bitcoin Appears to be Stagnant! Why Bulls Remain Distinct From the Crypto Space?
Bitcoin is yet again mirroring a similar price action of maintaining a stagnant trend after a significant price action irrespective of the direction. Not much change is witnessed since the previous trading day and hence the global crypto market cap also hovers around the same levels. Therefore, the altcoins, currently appear to be pretty to be baffled by the upcoming price movement.
BTC & ETH prices trade beneath INR 24 lakh & INR 1.4 Lakh with a slight jump of 0.09% & 0.81% resp. Some of the altcoins like Helium (HNT), Theta Network (THETA), and FTX Token (FTT) lead the gainers with 14.10%, 10.19% & 6.56% resp. On the other hand, Elrond(EGLD), Apecoin(APE) & Gala(GALA) appear to be within the bearish captivity with a drop of 6.26%, 2.77% & 2.31% resp.
CRYPTO PRICES TODAY
| Price Trend | Price for June 09, 2022 | Percentage change |
| The global crypto market cap | $1,239,818,327,026 | – |
| The total crypto market volume | $66,653,417,445 | – |
| Bitcoin Price | $30,256.38 | +1.03% |
| Ethereum Price | $1,796.74 | +0.70% |
*All prices are latest by 09:30 am, 09 June 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE PREDICTION FOR THE DAY
Chainlink (LINK)
Chainlink’s price is currently 90% below its highest levels close to INR 4000 back in May 2021. Since then the asset has constantly formed multiple lower highs & lows and maintained a significant descending trend. Currently, the prices are trading below INR 700 after a slight rebound from the levels below INR 500.
As the Q2 end is fast approaching, the LINK price could find a way to stabilize above INR 1000 at the earliest. No doubt the bears may become active here but the bulls may thrive to keep the upswing intact. Therefore, to end the 2022 trade, the LINK price could hover between INR 1450 to INR 1660.
Additional Read: Chainlink Price Prediction in detail
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Flamingo (FLM) | INR 9.57 | +19.32% |
| Helium (HNT) | INR 933.35 | +15.11% |
| Theta Token (THETA) | INR 111.67 | +23.26% |
*All prices are latest by 09:30 am, 09 June 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Elrond eGold (EGLD) | INR 5,132.83 | -4.72% |
| Polymath (POLY) | INR 21.03 | -2.67% |
| ApeCoin (APE) | INR 474.64 | –1.49% |
*All prices are latest by 09:30 am, 09 June 2022.
Crypto Market Buzz
RBI plans to introduce CBDC in Financial year 2023, but in a phase wise manner.
As per the latest developments, the Union budget has included CBDCs for the ongoing fiscal year. According to the Deputy Governor of RBI, the inclusion of the digital version of the rupee will be gradual to avoid any banking disruption. In the latest annual report, RBI confirmed that it will take a graded approach to adopt CBDCs. Through 12 proof of concept and pilots, the CBDCs will have to be aligned to the monetary policies of the government.
Source: The Economic Times
Web3 News Global
TruthDAO, World’s first News Org interview Celebrities on Fireside Multimedia Platform.
The DAO announced its new show Celebrity POV where eminent journalist Mitchell Fink will host the show and will chat with renowned Hollywood faces on topics like Gun control, Global unrest, free speech, and other burning topics. The platform will also release exclusive NFTs of the guests’ quotes aired on the show.
Source: Businesswire
Crypto News Global
1,000+ projects are being built on Cardano blockchain.
Input Output posted a tweet on 7th July saying that Cardano now has over 1,000 projects out of which a majority of them are NFTs. In addition to NFT collections, stablecoins, wallets, oracles, lending protocols, metaverse platforms, startup incubators,and decentralized exchanges are being built on the chain. The chain’s Github repository has seen a massive amount of commits after the Vasil hard fork.
Source: Crypto Globe
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| SKALE Network (SKL) | $251,834,351 | 3.53B SKL |
| Band Protocol (BAND) | $59,111,638 | 35,191,821.00 BAND |
| Livepeer (LPT) | $303,387,598 | 23,965,355.90 LPT |
| Moonbeam (GLMR) | $353,001,884 | 278,313,133.00 GLMR |
*All prices are latest by 10:00 am, 09 June 2022.
Related posts
Bitcoin Price Hits New All-Time High Following Fed’s 25-Basis-Point Rate Cut
Fed’s interest rate cut spurs crypto momentum, boosting Bitcoin and Ethereum prices.
Blum Secures Major Investment from TOP to Strengthen DeFi Presence in TON Ecosystem
TOP’s backing aims to accelerate Blum’s multi-blockchain expansion.
