Higher cryptocurrency prices after crypto (June 16): The global cryptocurrency market has regained 3.04 percent in the last 24 hours after falling below the $ 900 billion level yesterday. At the time of writing, the crypto market size is $ 958 billion and the global crypto market size is $ 127 billion, up 28 percent in the past 24 hours, according to data at CoinMarketCap.
Following the announcement of an interest rate hike by the U.S. Federal Reserve, the prices of high -end cryptos, including Bitcoin and Ethereum, have seen a rebound as expectations of the market is in the “terrible” segment.
Bitcoin’s power fell 44.5 percent, according to data on CoinMarketCap, following 19866 cryptos and 527 conversions.
“The number of cryptocurrencies has risen after the Federal Reserve raised interest rates by 75 basis points, the highest in three years,” Bitcoin said on Wednesday. with Ethereum up about 3% and 2% from the previous day.The BTC is down 53% since the beginning of the year and 69% from its highest level at US $ 68,990.Cryptocurrencies have fallen. this week due to the release of Celsius and the transfer between the accounts, threatening fears of contagion in the markets.The rise in value is now helping the market will recover previous losses if the proceeds are fixed, ”said Edul Patel Co-Founder and CEO of crypto library Mudrex.
At the time of writing, most high -end cryptos are in green, with Solana, BNB, Cardano, XRP, and Polkadot having the largest share among the blue chips, according to CoinMarketCap data. (8.59 am, India time).
The Bitcoin (BTC) price has fallen 26 percent in the last 7 days but has gained about 3 percent in the last 24 hours to $ 22,317.
Crypto Rupees Index changes
CoinSwitch’s Crypto Rupee Index (CRE8) jumped over 10 per cent on the last day to Rs 2370. CRE8 measured the performance of the crypto market at INR.
Crypto prices were higher on June 16th
Ethereum (ETH): The Ethereum price has increased by about 2 percent to $ 1209 in the past 24 hours. In the last 7 days, the ETH price has dropped by 33 percent. It is currently the second largest crypto asset in terms of market growth.
Binance (BNB): The price of Binance Chain has increased by about 6 percent to $ 230 in the last 24 hours. In the last 7 days, the price of BNB has decreased by 20 per cent. It is currently the fifth largest cryptocurrency by market.
XRP: The price of XRP funds has increased by 6 percent to $ 0.3364 in the last 24 hours. In the last 7 days, the XRP price has decreased by 16 percent. It is currently ranked as the 8th largest crypto market in terms of market share.
Solana (SOL): Solana’s stock price has increased by about 19 percent to $ 34.21 in the past 24 hours. In the last 7 days, the SOL price has decreased by 12 percent. It is currently ranked the 9th largest cryptocurrency in terms of market share.
Cardano (ADA): The price of Cardano tokens has dropped by about 12 percent to $ 0.5203 in the past 24 hours. In the last 7 days, the price of ADA has dropped by 19 percent. It is currently the 7th largest crypto asset in terms of market value.
The Dogecoin (DOGE) meme coin price has increased by about 11 percent in the last 7 days. DOGE currently ranks 11th in terms of market share. The price of DOGE at the time of this report was $ 0.06208.
The price of Polkadot (DOT) increased 11 percent to $ 8.26 and the price of Avalanche (AVAX) also jumped 11 percent to $ 17.73 in the last 24 hours. DOT and AVAX are currently ranked 10th and 15th on CoinMarketCap. The Polygon (Matic) price has increased by about 5 percent to $ 0.4068 in the last 24 hours. It is currently 18th on CoinMarketCap.
Meanwhile, the price of Tron (TRX) has increased by about 19 percent in the last 24 hours to $ 0.06445. It is currently 13th on CoinMarketCap.
(Cryptos and other digital assets are not regulated in India. They are considered a serious problem for investors.