Crypto Markets Start the Weekly Trade on a Bearish Note, Will Bitcoin Plunge Hard This Week?
The crypto markets encountered a huge bearish close, last week, and crypto markets continue to hover within the same braces. Bitcoin & Ethereum are trading around INR 15 lakhs & INR 78 thousand respectively. The other assets also follow the top 2 cryptos and drain heavily compared to the previous day’s close as the global market cap also slump hard by more than 6%.
BTC & ETH prices drain by more than 6%, while the other assets within the top 10 also plunge more than 6% to 7%. However, some assets like BitcoinCash(BCH), XDC Network(XDC), Waves(WAVES), etc maintain their bullish momentum by surging 6.57%, 3.66% & 2.12% respectively. On the other hand, Curve DAO token(CRV), Elrond(EGLD) & Aave(AAVE) drop by 13.04%, 12.78% & 11.66% at the press time.
CRYPTO PRICES TODAY
| Price Trend | Price for June 20, 2022 | Percentage change |
| The global cryptocurrency market cap | $881,556,827,201.164 | – |
| The total crypto market volume | $79,504,535,272.58 | – |
| Bitcoin Price | $20,081.14 | 8.69% |
| Ethereum Price | $1,081.03 | 12.61% |
*All prices are latest by 09:25 am, 20 June 2022.
Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.
CRYPTO PRICE PREDICTION FOR THE DAY
Flow (FLOW)
Flow price had a significant bullish beginning for the trade that reached above INR 2000 levels a couple of times before igniting a bearish trend. The price after being rejected at INR 1500 plunged heavily by more than 94% and currently hovering around INR 98 breaking the crucial INR 100 levels. The bearish cartel is currently extremely dominant and hence the descending trend is expected to continue for a long ahead.
The prices could continue sliding towards the south to hit the lower line of defense at INR 75 and may ignite a rebound then. With a rebound, the price may immediately regain levels above INR 100. Further, a major resistance may be encountered between INR 186 and INR 194. Clearing these levels may pave way for the asset to regain the levels above INR 200 again. During the Q4 trade, the asset could surge beyond INR 250 and close the yearly trade around INR 295 to INR 300.
Additional Read: Flow Price Prediction in Detail
TOP 3 CRYPTO GAINERS
| Crypto | Price* | Percentage Change |
| Synthetix Network Token (SNX) | INR 176.20 | 38.69% |
| Storj (STORJ) | INR 47.58 | 23.55% |
| SuperFarm (SUPER) | INR 12.07 | 22.06% |
*All prices are latest by 09:25 am, 20 June 2022.
TOP 3 CRYPTO LOSERS
| Crypto | Price* | Percentage Change |
| Tron (TRX) | INR 4.98 | -0.65% |
| Tether (USDT) | INR 83.08 | -0.49% |
| USD Coin (USDC) | INR 83.20 | -0.48% |
*All prices are latest by 09:25 am, 20 June 2022.
Crypto Market Update
Cardano Massively Outperforms Bitcoin and Ethereum as It Avoids Market Sell-Off
While the crypto markets have been going through a bearish trend and some of the top-tier crypto assets have been struggling under unseen selling pressure, projects like Cardano are feeling relief as they avoid a massive plunge down and even show significant growth in assets like Ethereum and Bitcoin.
Source: U.Today
Top Crypto Market Update: Dogecoin Price
Dogecoin Pumps 8% After Elon Musk Says He’s Still Buying
Following the Tweet by Elon Musk, the infamous Dogecoin saw an 8% surge in price. And in his recent bid to buy Twitter, Musk has repeatedly mentioned the features that he’d implement very soon; the first being the introduction of Dogecoin tipping (Twitter currently only supports tipping in Bitcoin) and the acceptance of DOGE as payment for premium services like Twitter Blue.
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
Source: Decrypt
Top NFT News
Sports Fans Twice as Likely to Buy Bitcoin, Ethereum, NFTs
A recent survey conducted by Seton Hall University, where around 1,500 U.S. adults participated; showed that 57% of households with an avid sports fan have owned digital assets, compared with 24% without one. The world of sports is becoming more saturated with cryptocurrency advertisements, sponsorships, and collaborations every day, and those appear to be pushing more people into the Web3 space.
Source: Decrypt
NEW COIN LISTING ON COINDCX
| New Coin | Market Capitalization | Circulating Supply |
| SKALE Network (SKL) |
$178,056,732
|
3.53B SKL |
| Livepeer (LPT) |
$178,702,909
|
24,028,020.10 LPT |
| Efinity Token (EFI) |
$22,373,858
|
169,857,481.27 EFI |
| Band Protocol (BAND) |
$47,816,247
|
35,191,821.00 BAND |
*All prices are latest by 11:50, 20June 2022.
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