Top Cryptocurrency Prices Today 6/10: Matic, Solana, Polkadot, BNB, Avalanche Gain Up To 6%; Cardano down

Top Cryptocurrency Prices Today (June 10th): European banks’ decision to hike interest rates spooked global financial and crypto markets. At the time of writing, the global crypto market cap stood at $1.24 trillion, while prices of most top cryptos were back in the green as of 11:15 a.m., according to CoinMarketCap data.

Bitcoin (BTC) price is down 0.76 percent to $30,131 in the last 24 hours. However, the good news for Bitcoin investors is that the top crypto is holding on to the $30,000+ level. In the last 7 days, bitcoin price is down 1.21 percent.

Meanwhile, the total volume of the cryptocurrency market fell by 10.42 percent to $58.78 billion in the past 24 hours. The total volume in DeFi was $6.22 billion, which is 10.58 percent of the crypto market’s total 24-hour volume. The volume of stablecoins was $50.68 billion, which is 86.22 percent of the crypto market’s total 24-hour volume.

Meanwhile, bitcoin’s dominance as the number one crypto asset fell marginally by 0.19 percent to 46.34 percent on the day.

“We see frequent short-term bouts of volatility as market participants trade within a tight range unsure of how the crypto market would react to macroeconomic conditions. While long-term holders are doubling their BTC investments, retail investors still remain risk-averse in the current market,” Darshan Bathija, CEO and co-founder of crypto exchange Vauld, told FE Online.

ALSO READ | 50,000 bitcoins leave exchanges. Will BTC hit $34,000 by the end of June?

“Bitcoin dipped below $30,000, bringing the price back into its trading range since mid-May. BTC has lost almost 12% in value over the past month and is more than 35% below its all-time high. Most cryptos are facing a slight drop after seeing growth the previous day. Crypto prices have fallen this year, with the Federal Reserve raising interest rates to fight inflation on the one hand and Terra’s crash on the other, giving investors some pause,” said Edul Patel, CEO and co-founder of the Crypto investment platform Mudrex.

Crypto Rupee Index CRE8

CoinSwitch’s Crypto Rupee Index (CRE8), which tracks crypto market performance in INR, is down 0.28 percent on the day. At the time of writing, the index is trading at Rs 3144. CRE8 is an Indian Rupee-denominated crypto index that reflects Indian market conditions. Read more about CRE8 here)

Top Crypto Prices on June 10th

Ethereum (ETH): Ethereum price fell 0.52 percent to $1749 in the last 24 hours. In the last 7 days, ETH price is down 1.64 percent. It is currently the second largest crypto asset in terms of market cap.

Binance (BNB): The price of the Binance chain coin rose 1.41 percent to $292.52 in the last 24 hours. In the last 7 days, BNB price is down 4.77 percent. It is currently ranked as the fifth largest crypto asset in terms of market cap.

XRP: The price of the XRP coin increased by 1.35 percent to $0.4072 in the last 24 hours. In the last 7 days, XRP price is down 0.12 percent. It is currently ranked as the seventh largest crypto in terms of market cap.

Solana (SOL): Solana price is up 3 percent in the last 24 hours to $40.36. In the last 7 days, SOL price is down 1.15 percent. It is currently ranked as the ninth largest crypto asset in terms of market cap.

Cardano (ADA): The price of the Cardano token is down 2.83 percent over the past 24 hours to $0.6306. In the last 7 days, ADA price is up 6.88 percent. It is currently ranked as the sixth largest crypto asset in terms of market cap.

The price of popular memecoin Dogecoin (DOGE) is down 1.02 percent over the past 24 hours. DOGE is currently ranked 10th in terms of market capitalization. DOGE’s price at the time of this report was $0.07938.

Polkadot (DOT) price rose 2.58 percent to $9.32, while Avalanche (AVAX) price rose 2.47 percent to $24.64. Both DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. Polygon (Matic) price rose 6 percent in the last 24 hours to $0.6522. It currently ranks 18th on CoinMarketCap.

Meanwhile, the price of Tron (TRX) is also up 0.52 percent to $0.08149 in the past 24 hours. It currently ranks 13th on CoinMarketCap.

(Cryptos and other virtual digital assets are not regulated in India. They are considered extremely risky to invest in. Please consult your financial advisor before making any investment decision.)

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