Bitcoin stays at 20 thousand dollars, there is a slight increase in stable coins

The cryptocurrency market has been on a downward trend for almost a month. The prices of the popular altcoins have been continuously sliding downwards for the past several weeks. On Wednesday, July 6, Bitcoin has once again opened its trade with red color. At the start of the day, its price saw a drop of 1.40 percent. According to the Indian exchange Coinswitch Kuber, the price of bitcoin is currently trading at $ 20,420 (about Rs 16 lakh). But it is worth noting here that despite the slight fall, the price of bitcoin was able to hold on to 20 thousand dollars (about 15 lakh rupees).

There has been a slight drop in the price of bitcoin on international exchanges. It has weakened by 1.42 percent on global exchanges like Binance and CoinMarketCap and the value of the coin remains at $19,882 (about Rs 15.70 lakh). Ether also took the path of bitcoin in the market and it has also registered a slight decline at the national and international level. The Gadgets 360 Cryptocurrency Price Tracker reports that the price of Ether has taken a dive by 1.35 percent today. At the time of writing this, the price of Ether on Indian crypto exchange Coinswitch Kuber was trading at Rs 89,993 which is a drop of 2.33 percent in the last 24 hours.

Apart from this, popular coins like Cardano, Solana, Polkadot and Tron also appeared in red color. Stable coins like Tether, USDC, BUSD have registered slight gains. Looking at the Mime cryptocurrency, both Dogecoin and Shiba Inu have seen a decline today. Dodgecoin is down 2.21 percent while the Shiba Inu has lost 2.73 percent. At the time of writing this, the price of Dodgecoin in India was at Rs 5.35 and that of Shiba Inu in India was at Rs 0.000824.

According to data from CoinMarketCap, the total market cap of the cryptocurrency industry has come down to $907 billion (roughly Rs. . Meanwhile, talking about the rest of the news from the crypto world, the first Crypto Dedicated Investigation Unit has been created in Brazil, which will exclusively look into crypto related matters. Apart from preventing crimes, it will also work to spread awareness about digital currency.

Cryptocurrency prices in Indian exchanges

For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.

Related news

Leave a Comment