The month of June proved to be bad in terms of correction in the cryptocurrency market and bitcoin.
The world’s largest cryptocurrency fell more than 37 percent, recording its worst monthly performance since 2011. Since then, bitcoin has remained at the level of around $ 20,000 (about Rs 15.8 lakh). Talking about the current prices, bitcoin is around $ 20,300 (approximately Rs 16.05 lakh) on global exchanges, while its value on Indian exchange Coinswitch Kuber is $ 20,892 (approximately Rs 16.5 lakh). It has increased by 5 percent in the last 24 hours. On global exchanges like CoinMarketCap, Coinbase and Binance, the price of bitcoin remains at $20,304 (approximately Rs.16.05 lakh).
world’s second most popular cryptocurrency Ether An increase in prices has also been observed. Ether is valued at $1,188 (approximately Rs 94,000) on CoinSwitch Kuber as of writing, while the cryptocurrency is valued at $1,163 (approximately Rs 92,003) on global exchanges. This cryptocurrency has seen a jump of 10.34 percent in the last 24 hours.
Gadgets 360 cryptocurrency price tracker This shows that several major altcoins have seen gains in the past. Global crypto market capitalization has increased by 5.83 percent in the last 24 hours. BNB, Solana, Polkadot, Stellar, Avalanche and Cardano saw gains, while Polygon, Uniswap and Cosmos topped the charts with double-digit gains.
The popular Shiba Inu and Dogecoin as mime coins have also seen some ups and downs. Dodgecoin is currently valued at $0.07 (approximately Rs 5.6), after gaining around 2.73 per cent in the last 24 hours, while the Shiba Inu is valued at $0.0000011 (approximately Rs 0.000865). This is 4.98 percent more than the previous day.
Meanwhile, crypto lending and trading platform Vuld has halted customer transactions amid a massive downturn in the market. Since June 12, in a sell-off triggered by the collapse of stablecoin TerraUSD, customers from the Singapore firm have withdrawn approximately $198 million. Vault is facing difficulties for many reasons. These include market volatility and financial difficulties of business partners. The firm, which has a large team in India, said it is also looking at restructuring options.