- Damage to the Shiba Inu was visible at a little over 5 percent.
- DodgeCoin showed a 7 percent drop.
- Recently the US Federal Reserve has raised interest rates.
The overall crypto volume has also declined significantly. Overall crypto volume has fallen by 24.60 percent.
Damage to the Shiba Inu was visible at a little over 5 percent.
The red color spread in the cryptocurrency price chart is again scaring investors today. Today all the popular cryptocurrencies including bitcoin, and ether are seeing a huge decline once again. Bitcoin, the world’s oldest cryptocurrency, has declined 8 percent today according to Indian crypto exchange CoinSwitch Kuber. At the time of writing the news, the price of bitcoin on Coin Switch Kuber was running at Rs 15.9 lakh. The price of bitcoin has also declined globally including in India. The price of bitcoin is trading at $19,089 (approximately Rs 14.8 lakh) on global exchanges like Binance and CoinMarketCap.
DodgeCoin showed a 7 percent drop.
Ether also appeared to be following Bitcoin and its price has also fallen drastically today. In comparison, Ether has suffered more than Bitcoin today. At the time of writing the news, the price of Ether on the Indian crypto exchange Coin Switch Kuber was trading at Rs 82.9 thousand. Its price has declined by 9 percent in the last 24 hours. Global platforms like CoinmarketCap have also suffered significant losses in its price. At the time of writing this news, its global price was at $995. Stable coins also did not appear to be performing well today. Stablecoins, where gains have been made, are quite modest. The Gadgets 360 Crypto Price Tracker states that only Tether, USD Coin, and Bitcoin Cash were among the coins that increased. Apart from these, all other top altcoins were seen colored in red.
Recently the US Federal Reserve has raised interest rates.
Due to the ongoing downturn in the market, the prices of every major cryptocurrency are continuously going down. Dogecoin and Shiba Inu are also facing this effect of decline. Today both the Doge theme cryptocurrencies have again seen a major decline. DodgeCoin was showing a 7 percent drop at the time of writing this news. At the same time, the loss in Shiba Inu was seen to be slightly more than 5 percent.
Recently, the US Federal Reserve has raised interest rates, the negative effect of which is continuously visible on the cryptomarket. The global crypto market cap has fallen below 1.59 percent on 18 June. The overall crypto volume has also declined significantly. Overall crypto volume has fallen by 24.60 percent.