Today Cryptocurrency Price: The global cryptocurrency market remained flat on Saturday, July 2, but remained in the red zone for four consecutive days. Recession concerns and inflationary pressures have set the most crypto coins On a volatile mode, especially after a report concluded that the US economy contracted 1.6 percent in the first quarter of this year. This has worried investors trying to sell their coins, the stock market is also volatile, while they do not want to invest in any more risky assets.
The global cryptocurrency market remained below the $900 million mark for another day on Saturday. Data from CoinMarketCap shows that at the time of writing this article, the cryptocurrency market capitalization stood at $865.52 billion, down 0.74 percent from the previous day.
On that day bitcoin also remained below the $20,000 mark after the recovery of the previous day. The price of bitcoin recorded a price of $19,167.39 today at 1346 IST, which is 2.08 percent lower than the previous day. Meanwhile, Ether price remained flat today and barely held the $1,000 mark for two consecutive days. At the time of writing this article, Ethereum was trading at $1,044.44, down 2.22 percent over the past 24 hours.
“Bitcoin fell below $19K over the past day and bounced back above $20,000. Meanwhile, BTC balances on exchanges have hit critically low levels, according to data from Galsnod. This is a sign that bitcoin investors and more Whales are hoarding and hodling on their coins despite falling prices. This is a bullish signal that could eventually lead to a trend reversal. The daily trend for BTC is moving within a descending triangle pattern. Next major Support is expected at $14,000,” said the WazirX Trade Desk on July 1.
home return, India Rules regarding Tax Deduction at Source on Virtual Digital Assets (VDA) and Cryptocurrencies have come into force with effect from Friday, July 1. The rules make it mandatory for the buyer of the VDA to deduct 1 per cent of the amount paid. Seller (Resident Indian) as Tax Deducted at Source (TDS).
Here are the top 10 cryptocurrencies and their prices as of Saturday, July 2nd, 2022 (according to data from coinmarketcap.com)
Bitcoin up $19,167.39 or 2.08 percent in the last 24 hours
Ethereum Lost $1,044.44 or 2.22 percent in the last 24 hours
Tether is up $0.9991 or 0.02 percent in the last 24 hours
USD coin up by $1.00 or 0.01 percent in last 24 hours
BNB is up $216.59 or 1.58 percent in the last 24 hours
Binance USD $0.99995 or 0.21 percent loss in the last 24 hours
XRP Lost $0.3128 or 1.72 percent in the last 24 hours
Cardano has lost $0.4459 or 1.91 percent in the last 24 hours
Solana has lost $32.57 or 1.77 percent in the last 24 hours.
Dogecoin is up $0.06668 or 0.28 percent in the last 24 hours
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