Crypto Crash Latest News (June 19): Crypto markets seem to have landed in a non-stop freefall for the past few days. The global cryptocurrency market capitalization has fallen to nearly $800 billion amid the ongoing crash, while the price of Bitcoin hit an all-time high of $18,000 and Ethereum is now trading below 1,000 dollars.
At the time of writing, the global crypto market capitalization was $818 billion, down 8% from the last day, according to data from CoinMarketCap as of 9:47 a.m. India time.
Crypto markets showed signs of recovery on Thursday, June 16, as several top-tier coins posted double-digit gains. However, amid weak global signals and falling traditional financial markets, cryptos are also facing the downturn.
Global crypto market volume was $76 billion, up 55% in the past 24 hours, indicating a massive sell-off of crypto assets by traders.
Bitcoin dominance has fallen to 42.86%, according to data from CoinMarketCap, which tracks 19,866 cryptos and 527 exchanges.
Bitcoin (BTC) price has fallen 33% in the last 7 days and around 10% in the last 24 hours. At the time of writing, BTC was trading at $18,475.
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Changing the Crypto Rupe Index
CoinSwitch’s Crypto Rupee Index (CRE8) is up over 15% in the past 24 hours to reach Rs 1989. CRE8 tracks the performance of the crypto market in INR.
Best Crypto Prices June 16
Ethereum (ETH): The price of Ethereum has fallen nearly 11% to $960 in the past 24 hours. In the last 7 days, the price of ETH has decreased by around 35%. It is currently ranked the second crypto asset by market capitalization.
Binance (BNB): The price of the Binance Chain coin has declined by around 9% to $193 in the past 24 hours. In the last 7 days, the price of BNB has decreased by 25%. It is currently ranked the fifth largest crypto asset by market capitalization.
XRP: The price of the XRP coin has decreased by 5% to $0.3024 in the last 24 hours. In the last 7 days, the price of XRP has decreased by 12%. It is currently ranked 8th among cryptocurrencies by market capitalization.
Solana (SOL): The price of Solana has risen around 1% to $30.38 in the last 24 hours. In the last 7 days, the price of SOL has decreased by 6%. It is currently ranked 9th among crypto assets by market capitalization.
Cardano (ADA): The price of the Cardano token fell around 8% to $0.44 in the past 24 hours. In the past 7 days, the price of ADA has decreased by 14%. It is currently ranked 7th among crypto assets by market capitalization.
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The popular memecoin price Dogecoin (DOGE) is down around 8% in the last 7 DAYS. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.05221.
Polkadot (DOT) price declined 4% to $6.94 while Avalanche (AVAX) price also fell 10% to $14.29 in the past 24 hours. DOT and AVAX are currently ranked 10th and 17th respectively on CoinMarketCap. The price of Polygon (Matic) has declined by around 15% to $0.3316 in the last 24 hours. It is currently ranked 22nd on CoinMarketCap.
Meanwhile, the price of Tron (TRX) has declined by around 20% in the past 7 days to $0.0601. 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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Latest Crypto Crash Updates 6/19: Bitcoin Drops to $18,000; Ethereum Price Falls Below $1000
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