Bitcoin, Ethereum Continue Trading Within Same Braces, Will it Impact the Border Crypto Market?
After a significant jump of nearly 8%, the top 2 cryptos, Bitcoin & Ethereum maintain their levels around the same positions. It appears that the bears just allowed the bulls to do their job and are waiting for the right time to cash out their profits. Therefore, the present condition still remains uncertain as the BTC price is struggling to range close to crucial levels at INR 25 lakh.
The top 3 gainers for the day include Kusama (KSM) with a 7.11% jump followed by Holo (HOT) by 6.70% and Oasis Network (ROSE) by 6.35%. On the other hand, yesterday’s gainers lead the loser board as Axie Infinity (AXS) dropped hard by 15.01% and Waves (WAVES) by 12.57%. While Terra(LUNA) drops by 19.42%, the classic token, TerraClassic(LUNC) slashes by 8.82%.
CRYPTO PRICES TODAY
| Price Trend | Price for June 01, 2022 | Percentage change |
| The global cryptocurrency market cap | $1,298,941,805,353 | – |
| The total crypto market volume | $86,883,845,248 | – |
| Bitcoin Price | $31,579.11 | -0.48% |
| Ethereum Price | $1,931.37 | -2.94% |
*All prices are latest by 10:10 am, 01 June 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE PREDICTION FOR THE DAY
Axie Infinity (AXS)
The AXS price after being rejected at INR 2391 in the first few days of May, reached an 11-month low position below INR 1300. Further, it flipped back strongly above INR 1700 and continued to hover between INR 1790 and INR 1550 for quite a long time. Yet before the recent upswing, the price once again tested the lower support at INR 1389 which ignited an upswing of nearly 55%.
Currently, the price experienced rejection after hitting the local resistance at INR 2187 and dropped to INR 1904. However, the buyers appear to be on a stronger side and hence may carry the price beyond resistance soon. Therefore, the AXS price after regaining levels above INR 2000, could head forward to test INR 2414 and later INR 2660 by the end of the week, but INR 3000 may be a tedious job this week.
Additional Read: Axie Infinity Price Prediction in Detail
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| STP Network (STPT) | INR 4.93 | 29.98% |
| Audius (AUDIO) | INR 39.85 | 12.94% |
| COTI (COTI) | INR 11.10 | 11.50% |
*All prices are latest by 10:30 am, 01 June 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Axie Infinity (AXS) | INR 1,838.10 | -12.61% |
| NEAR Protocol (NEAR) | INR 472.99 | -8.23% |
| Waves (WAVES) | INR 654.80 | -7.91% |
*All prices are latest by 10:30 am, 01 June 2022.
Crypto Market Update
$3,910,000,000 Bitcoin Whale Enters Massive BTC Accumulation Mode Amid Crypto Bounce
Crypto whales are yet again accumulating more of the flagship crypto asset as the market rebounds. The wallet has added 806 BTC over the past seven days as the price of Bitcoin now hovers above $31,000. The massive whale spent over $23.6 million in total, accumulating 806 BTC. At the time of writing, the whale’s BTC stack is worth more than $25.4 million.
Source: Daily HODL
Crypto Market Buzz
India to Finalize Crypto Consultation Paper With IMF, World Bank Input
India is expected to release a consultation paper on cryptocurrency regulation with input coming from the World Bank and the IMF. India’s Economic Affairs Secretary Ajay Seth stated on Monday that a consultation paper on crypto is in the final stages before being submitted to the federal government.
Times of India reported, that while the exact details of the paper were not disclosed, Seth added his country would likely seek to strengthen India’s commitment to “some sort of a global regulations” on crypto.
Source: Blockworks
Top Metaverse News
Qatar hosts the first metaverse FIFA gaming tournament
Qatar is hosting the Middle East’s first metaverse FIFA gaming tournament to let fans across the globe see the top FIFA players compete for the EA Sports FIFA 22 Champions Cup. The metaverse concept comes in where viewers will get multiple opportunities to interact with one another and the players throughout the tournament.
Esports platform Ooredoo Nation – Gamers’ Land organized this competition. Commenting on this forward-looking development, Nasser bin Hamad bin Nasser Al Thani, the Chief Commercial Officer at Ooredoo, said the company is proud and excited to venture into web3. According to him, this move aligns with Ooredoo’s strategic commitment to investing in innovation.
Source: CryptoSlate
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| KAVA Price | $550,380,757 | 200,477,252.00 KAVA |
| GLMR Price | $371,561,852 | 275,440,155.00 GLMR |
| LPT Price | $324,816,850 | 23,903,527.36 LPT |
| GMT Price | $58,772,784 | 4,754,930,780 JASMY |
*All prices are latest by 11:00, 01 June 2022.
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