Bitcoin Tanks Down Below INR 23 Lakhs, Has the Bearish Cartel Taken Over the Rally?
As the US inflation rates were rolled out sometime before, it impacted the crypto space on the spur of the moment. Bitcoin price slumped by more than 5% in the later hours of trade, yesterday and continues with the same price action since the early trading hours. Following these popular altcoins, squeezed all their gains to trade at the same levels, they were during May’s close.
Presently, the BTC price has dropped by nearly 3% while ETH by 6.61%. The star performer of the week – Chainlink(LINK) plummeted by 11.48% followed by Kusama(KSM) by 10.88% and Tezos (XTZ) by 10.29%. BinanceCoin(BNB) maintains its balance as it drops merely 0.9%, while Solana (SOL), STEPN(GMT) & Shiba INU (SHIB) tanked down by 7.08%, 7.20% & 3.42% respectively.
CRYPTO PRICES TODAY
| Price Trend | Price for June 09, 2022 | Percentage change |
| The global crypto market cap | $1,194,938,925,552 | – |
| The total crypto market volume | $66,510,227,456 | – |
| Bitcoin Price | $29,262.10 | -3.01% |
| Ethereum Price | $1,674.09 | -6.78% |
*All prices are latest by 09:15 am, 11 June 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
TOP GAINERS AND LOSERS TODAY
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Flamingo (FLM) | INR 10.63 | +10.22% |
| Internet (ICP) | INR 534.62 | +0.77% |
| USD Coin (USDC) | INR 82.49 | +0.69% |
*All prices are latest by 09:15 am, 11 June 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| SKALE Network (SKL) | INR 5.39 | -11.61% |
| Chainlink (LINK) | INR 681.95 | -11.44% |
| Phoenix Global (PHB) | INR 11.94 | –11.20% |
*All prices are latest by 09:30 am, 09 June 2022.
Crypto Market Buzz
85% of Merchants are taking crypto payments as a high priority integration as per Deloitte’s survey
A joint survey conducted by Deloitte and Paypal showed that 85% or merchants are taking crypto payments integration into their business on priority. As per the survey results the mid-management individuals of these businesses have a fair knowledge of crypto payments As per Deloitte’s report ‘Merchants getting ready for crypto’, these businesses are ready to accept crypto assets and stablecoins.
Source: Bitcoin.com
Web3 News Global
India ranks first in crypto bases ‘Play to Earn’ games, will it stay atop for longer?
According to a study, 34% of the population are engaged in ‘Play to Earn’ games while 11% of people may join the P2E bandwagon. P2E games require an individual to invest in crypto assets to be able to participate in the gameplays. These assets activate the gamers profile to help them earn incentives for playing.
Source: The Economic Times
Crypto News Global
HTC Is Launching Its very own Metaverse Smartphone
The smartphone brand has been out of sight for quite some time and now they are coming with a smartphone that offers easy access to metaverse. The smartphone enterprise was all set to launch their new range of smartphones earlier but owing to Covid restrictions on the supply chain have caused the delay. The smartphone company has a VR network ‘Vive’ making this new venture more anticipated.
Source: News 18
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| Kava (KAVA) | $497,250,365 | 206,711,184.00 KAVA |
| Band Protocol (BAND) | $68,331,602 | 35,191,821.00 BAND |
| Livepeer (LPT) | $276,955,503 | 23,977,994.70 LPT |
| Moonbeam (GLMR) | $329,402,475 | 278,526,258.00 GLMR |
*All prices are latest by 09:20 am, 11 June 2022.
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