Crypto Crash Latest Updates (6/4): Top Cryptocurrency Prices Today – Solana, Cardano, Polkadot, Tron, Avax, Matic Fall
Crypto Crash Latest News Today (June 4): According to data from CoinMarketCap at the time of writing (8.27 am), the global crypto market cap fell by 3.61 percent over the previous day to $1.21 trillion. All the top coins, including bitcoin, have also declined in price over the past 24 hours.
The price of bitcoin (BTC) is once again below the $30,000 level, down 3.23 percent over the past 24 hours. At the time of writing, bitcoin was priced at $29,557 on global exchanges.
Experts say that the price of BTC fell as buyers stayed on the sidelines. The overall sentiment among crypto traders remains bearish, indicated by the Bitcoin Fear and Greed Index which has moved deep into “extreme fear” territory.
It seems that the crypto market is following the traditional market. The S&P 500 and Nasdaq also declined on Friday.
Total cryptocurrency market volume declined 10.89 percent to $61.95 billion over the past 24 hours. DeFi had a total turnover of $5.45 billion, which is 8.79 percent of the total 24-hour crypto market. The volume of stablecoins stood at $52.48 billion, which is 86.49 percent of the total crypto market 24-hour volume.
Meanwhile, the dominance of Bitcoin as the number one crypto asset has remained intact for the past several days at over 46 percent. For several weeks, BTC dominance has been above 45 percent as several altcoins hit record lows.
INR crypto market
Meanwhile, the Crypto Rupee (INR) Index by CoinSwitch is down by Rs 24.9 in last 24 hours. At the time of writing, the index stood at Rs 3054.33. CoinSwitch Crypto Rupee Index (CRE8) is a Indian Rupee The Denomination Crypto Index reflects the Indian marketing conditions. The index is calculated based on the performance of the 8 largest crypto assets by market capitalization and listed on the Coinswitch platform. These assets include Bitcoin, Ethereum, Binance Coin (BNB), XRP, Cardano, Solana, Polkadot and Dogecoin.
top crypto prices
Several top crypto prices have dropped in the last 24 hours: Take a look:
Ethereum (ETH): The price of Ethereum declined by 4.29 percent to $1,753 in the last 24 hours. The price of ETH has increased by 1.38 percent in the last 7 days. It is currently the second largest crypto asset in terms of market capitalization.
Binance (BNB): The price of Binance Chain Coin declined by 3.85 percent to $296.53 in the last 24 hours. The price of BNB has decreased by 0.72 percent in the last 7 days. It is currently ranked as the fifth largest crypto asset in terms of market capitalization.
XRP: The price of the XRP token declined 5.3 percent to $0.3927 in the last 24 hours. The price of XRP has decreased by 0.88 percent in the last 7 days. It is currently ranked as the sixth largest crypto asset in terms of market capitalization.
Solana (SOL): Solana price is down 12% to $36.2 in the last 24 hours. In the last 7 days, the price of SOL has come down by 10.88%. It is currently ranked as the 9th largest crypto asset in terms of market capitalization.
Cardano (ADA): The price of the Cardano token declined by 6.91 percent to $0.5525 in the past 24 hours. In the last 7 days, the price of ADA has increased by 22.3 percent. It is currently ranked as the 7th largest crypto asset in terms of market capitalization.
The popular memecoin Dogecoin (DOGE) has lost 3.34 percent in price over the past 24 hours. DOGE is currently ranked 10th in terms of market capitalization. DOGE was priced at $0.07982 at the time of this report.
Polkadot (DOT) prices were down 6.2 percent to $9.21, while Avalanche (AVX) was down 8 percent to $22.38. Both DOT and AVAX are currently ranked 11th and 15th respectively on CoinMarketCap. The price of Polygon (Matic) declined 5.64 percent to $0.5821 in the last 24 hours. It is currently ranked 18th on CoinMarketCap.
Meanwhile, the price of Tron (TRX) has declined by 8.21 percent to $0.07838 in the past 24 hours. It is currently ranked 13th on CoinMarketCap.
(Crypto and other virtual digital assets are unregulated in India. They are considered extremely risky to invest. Please consult your financial advisor before taking any investment decision)