Crypto price today: Bitcoin, Ethereum, Cardano lost up to 2% Dogecoin & Tron win
The global market value of cryptocurrency was traded at 865.22 billion dollars, and fell more than half a percent in the last 24 hours. However, the total trading volume of cryptocurrencies jumped almost one percent to $ 40.62 billion.
What is cooking in India
Spot trading volumes on the crypto exchanges CoinDCX, WazirX and Zebpay fell by at least 70 per cent on 3 July compared with 30 June, when the rule requiring deduction of tax at the source of each transaction came into force on 1 July.
While crypto exchanges said it is too early to know the actual impact of withholding tax (TDS), as trading volumes are usually lower on weekends. According to some experts, trade is likely to remain under pressure.
Expert ta
Bitcoin has held and traded within the range of $ 20,000 to $ 19,000 while Ethereum has traded within the range of $ 1,150 to $ 1,000, according to the WazirX Trade Desk.
“This is quite unexpected since the DeFi infection that started with LUNA has worsened,” it says. “People’s confidence may have shaken after Three Arrow Capital filed for bankruptcy,” it added.
Global updates
- When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless. The crypto pile he has since amassed was worth $ 3.4 billion less at the end of the second quarter than the previous one.
- Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is being carried out in the British Virgin Islands.
- Crypto broker Voyager Digital temporarily suspends all trading, deposits, withdrawals and loyalty rewards, the company announced on Friday. Even Voyager-issued debit cards will stop working for owners.
- An agreement between BlockFi and FTX US will give the controversial crypto company a credit facility of $ 400 million. El Salvador also bought 80 more bitcoin for $ 19,000 each, said President Nayib Bukele.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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