Bitcoin reclaims $20,300, Polygon, Uniswap gain big: June 2022 was a terrible month for Bitcoin and a general market slump. The biggest cryptocurrency in the world had a drop of more than 37%, marking its worst monthly performance since 2011.
Since then, Bitcoin has been stabilizing at around $20,000 (approximately Rs. 15.8 lakh).
Currently, the price of the largest cryptocurrency in the world by market capitalization is fluctuating around the $20,300 (approximately Rs. 16,05 lakh) mark on international exchanges. For example, the Indian trade CoinSwitch Kuber values Bitcoin at $20,892 (roughly Rs. 16,5 lakh), up 5% from the previous day.
Bitcoin is presently trading at $20,304 on major exchanges, including CoinMarketCap, Coinbase, and Binance (approximately Rs. 16,05 lakh), and according to CoinGecko statistics, its value is currently declining by 1.8 percent week over week.
Meanwhile, the value of Ether also increased significantly. At the time of publication, the price of Ether was $1,188 (approximately Rs. 94,000) on CoinSwitch Kuber, compared to $1,163 (about Rs. 92,003) on international exchanges, where it has increased by 10.34 percent over the previous 24 hours.
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Bitcoin reclaims $20300 Polygon Uniswap gain big
Despite Ether’s price fluctuation during the previous day, according to CoinGecko statistics, the cryptocurrency’s value is still up 2.3 percent from last week.
Several significant altcoins made gains during the previous day, according to Gadgets 360’s cryptocurrency price tracker, as the market capitalization of all cryptocurrencies increased by 5.83 percent in the past day.
In contrast to Polygon, Uniswap, and Cosmos, which led the charts with double-digit gains, BNB, Solana, Polkadot, Stellar, Avalanche, and Cardano all saw significant increases.
Shiba Inu, Dogecoin, and Memecoins have all seen some ups today. Shiba Inu is presently at $0.000011 (about Rs. 0.000865), up by 4.98 percent over the last day, while Dogecoin is currently valued at $0.07 (around Rs. 5.6), up by 2.73 percent in value over the previous 24 hours.
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The troubled cryptocurrency business is again under stress after Singapore-based loan and trading platform Vauld announced Monday that it would halt withdrawals and trading and seek new investors.
Vault said that the company had hired legal and financial advisors, was in talks with possible investors, and would also apply to the Singapore courts for a moratorium, which would stop any legal action being taken against it while it undertook a reorganization.
The failure of algorithmic stablecoin TerraUSD, the suspension of withdrawals by primary US-based lender Celsius Network, and the liquidation of Singapore-based crypto hedge fund Three Arrows Capital are just a few of the recent disasters that have rocked the cryptocurrency sector.