Crypto Price Today Live: Bitcoin has $ 20,000; Ethereum, Dogecoin, Shiba Inu get up to 5%

by Arthur · July 6, 2022

New Delhi: Crypto tokens were able to retain their winnings on Thursday, resulting in strength in altcoins as well.

That said, many analysts have adopted a clear-sighted view of the current cryptocurrency climate that has suffered the two body blows of protocol failures and macroeconomic uncertainty, and they do not see a strong improvement in the first place.

Except for Tron and Unus Sed Leo, all other crypto tokens traded higher. Ethereum and Solana zoomed 5 percent each, while BNB, Cardano, Dogecoin and Shiba Inu increased more than 3 percent each.

The global market value of cryptocurrency traded higher at $ 918.33 billion, up 3 percent in the last 24 hours. However, the total trading volume of cryptocurrencies fell more than 11 percent to $ 57.55 billion.

What is cooking in India
It is a triad of negative factors, and not just the new rules related to cryptocurrencies that started on July 1, which give crypto investors nervousness and drive some out of the market.

However, trade veterans feel that the current phase, popularly referred to as the “cryptocurrency winter”, is a transient one in the evolutionary process of cryptocurrencies, and the prices of these new time assets will soon stabilize.

India’s new cryptocurrency tax has hit the country’s cryptocurrencies hard, contributing to broader sectoral problems and sending trading volumes down by up to 90 percent.

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