Crypto crash news update (June 12): The global crypto market cap has crashed to $1.10 trillion, down more than 8% in the past day. At the time of writing, almost all major cryptos were in the red, with the prices of many losing more than 10% in the past 24 hours, according to data from CoinMarketCap (9:25 a.m.).
Bitcoin (BTC) price fell 6.29% in the past 24 hours to $27,454. The good news, however, for Bitcoin investors is that the dominance of the top crypto has increased by nearly 1% to 47.66% of the total crypto market. Over the past 7 days, the price of Bitcoin has decreased by 7.71%.
Meanwhile, total cryptocurrency market volume in the past 24 hours rose 26.51% to $84.33 billion, indicating investors are selling off their crypto holdings. Total DeFi volume was $6.74 billion, or 7.99% of the total 24-hour crypto market volume. The stablecoin volume was $72.33 billion, or 85.77% of the total 24-hour crypto market volume.
Changing the Crypto Rupe Index
CoinSwitch’s Crypto Rupee Index (CRE8), which tracks the performance of the crypto market in INR, fell 4.58% during the day. At the time of writing, the index was at Rs 2711. CRE8 is an Indian rupee-denominated crypto index reflecting Indian trading conditions. Learn more about CRE8 here)
Best Crypto Prices June 12
Ethereum (ETH): Ethereum price fell 12.58% to $1460 in the past 24 hours. In the past 7 days, the price of ETH has decreased by 18.58%. It is currently ranked the second crypto asset by market capitalization.
Binance (BNB): Binance Chain coin price decreased by 11.07% to $256.83 in the last 24 hours. Over the last 7 days, the price of BNB has decreased by 13.75%. It is currently ranked the fifth largest crypto asset by market capitalization.
XRP: The price of the XRP coin has decreased by 10.15% to $0.3466 in the last 24 hours. In the last 7 days, the price of XRP has decreased by 11.56%. It is currently ranked 8th among cryptocurrencies by market capitalization.
Solana (SOL): Solana price decreased by 12.82% to $32.58 in the past 24 hours. Over the past 7 days, the price of SOL has decreased by 16.32%. It is currently ranked 9th among crypto assets by market capitalization.
Cardano (ADA): The price of the Cardano token declined by 13.64% to $0.513 in the past 24 hours. Over the past 7 days, the price of ADA has decreased by 9.06%. It is currently ranked 7th among crypto assets by market capitalization.
Popular memecoin price Dogecoin (DOGE) is down 13.45% in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.06575.
The price of Polkadot (DOT) was down 12.85% to $7.62 while the price of Avalanche (AVAX) was down 17.72% to $18.68. DOT and AVAX are currently ranked 11th and 16th respectively on CoinMarketCap. Polygon (Matic) price decreased by 14% to $0.5175 in the last 24 hours. It is currently ranked 18th on CoinMarketCap.
Meanwhile, the price of Tron (TRX) also declined by 6.05% in the past 24 hours to $0.07499. It is currently ranked 13th on CoinMarketCap.
(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)
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Crypto Crash Breaking News June 12: Cryptocurrency Market Cap Collapses To $1.1 Trillion; The Best Parts Are Bleeding
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