Crypto Crash Latest News 6/15: Ethereum, BNB, Solana, XRP, Polkadot, AVAX gain up to 5%; DOGE, TRX, Cardano down

Crypto Crash Latest News (Jun 15): Volatile global cryptocurrency markets have suffered one of the worst crashes in two years as traders continue to sell. Prices for major cryptos including Bitcoin and Ethereum have taken big hits in the ongoing crash as market sentiments remain in the “extreme fear” zone.

The global crypto market capitalization fell to $932 billion while Bitcoin dominance fell to 44.7%, according to data from CoinMarketCap, which tracks 19,866 cryptos and 527 exchanges.

At the time of writing, most major cryptos were in the green, gaining slightly after record lows over the past two days, according to data from CoinMarketCap (8:55 a.m. PT).

Bitcoin (BTC) price has fallen 29% in the past 7 days to $21,797.

Will Cryptos Fall Further?

“Before the US Fed’s rate hike decision, most markets were in the red. Many market participants are now expecting a 75 basis point hike and will likely be watching how the Fed plans to move forward. Glassnode data also shows that currency inflows have increased over the past two days; again, this indicates scary market sentiment as most investors are selling and exiting the markets,” Darshan Bathija, CEO and co-founder of Vauld, told FE Online.

Changing the Crypto Rupe Index

CoinSwitch’s Crypto Rupee Index (CRE8) fell by 26.5% in the last day to Rs 2,259. CRE8 tracks the performance of the crypto market in INR at the time of writing, the index was down by Rs 815 in 24 hours. CRE8 is an Indian rupee-denominated crypto index reflecting Indian trading conditions. Learn more about CRE8 here)

Best Crypto Prices June 13

Ethereum (ETH): Ethereum price rose 4% to $1188 in the past 24 hours. In the last 7 days, the price of ETH has decreased by 34%. It is currently ranked the second crypto asset by market capitalization.

Binance (BNB): Binance Chain coin price rose 2% to $218 in the past 24 hours. In the last 7 days, the price of BNB has decreased by 24%. It is currently ranked the fifth largest crypto asset by market capitalization.

XRP: The price of the XRP coin has increased by 2% to $0.3166 in the last 24 hours. In the last 7 days, the price of XRP has decreased by 21%. It is currently ranked 8th among cryptocurrencies by market capitalization.

Solana (SOL): The price of Solana has risen 5% to $28.91 in the past 24 hours. In the last 7 days, the price of SOL has decreased by 26%. It is currently ranked 9th among crypto assets by market capitalization.

Cardano (ADA): The price of the Cardano token declined by 0.28% to $0.4678 in the past 24 hours. In the last 7 days, the price of ADA has decreased by 26%. It is currently ranked 7th among crypto assets by market capitalization.

The popular memecoin price Dogecoin (DOGE) is down 32% in the last 7 DAYS. DOGE is currently ranked 11th in terms of market capitalization. The price of DOGE at the time of this report was $0.05463.

The price of Polkadot (DOT) rose 5% to $7.44 while the price of Avalanche (AVAX) also jumped 5% to $16.04 in the past 24 hours. DOT and AVAX are currently ranked 10th and 16th respectively on CoinMarketCap. Polygon (Matic) price fell 4% to $0.4068 in the past 24 hours. It is currently ranked 18th on CoinMarketCap.

Meanwhile, the price of Tron (TRX) has declined by 10% in the past 24 hours to $0.05451. 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)