at the beginning of june bitcoin gave good signals when it was trading close to Rs 25 lakh on 1st June. Since then its price has been fluctuating continuously and the world’s second largest cryptocurrency is swinging between Rs 23-25 lakh. Ethereum, the second most popular coin after bitcoin, also saw an increase today. However, it was a slight increase which came down to only 1.95 per cent. At the time of writing this, the price of Ether on the Indian exchange Coinswitch Kuber remained at Rs 1.39 lakhs.
Gadgets 360 cryptocurrency price tracker Indicates that the crypto price chart today dominated the green color chart with gains in most of the altcoins. Binance Coin, Cardano, Avalanche And Polygon Like the tokens opened with a significant increase. Although Binance USD, Solana, Tron Like the coin saw a slight decline. The losses in the coins were very minor. Dodgecoin and Shiba Inu also saw gains today. However, in both the mime cryptocurrencies, the gains were very modest, with less than 1 percent.
Industry experts say that due to the global economic slowdown, investors are now shifting to low-risk investments, which is now taking its toll on cryptocurrencies as well and the heat of the market is easing. Currently, the total market capitalization of the crypto industry is $1.23 trillion (approximately Rs.96,29,342 crore). Right now the market needs big investors who can fund the industry during this recession. Whereas small investors are now pulling their hands off investing money in crypto. <!–