Crypto Crash Breaking News June 12: Cryptocurrency Market Cap Drops To $1.1 Trillion; Best Piece Bleeding

Crypto crash news update (June 12): The global crypto market cap fell more than 8% to $1.10 trillion in the past day. According to data from CoinMarketCap (09:25), almost all major cryptos were in the red at the time of writing, with many having lost more than 10% in the last 24 hours.

Bitcoin (BTC) price is down 6.29% in the last 24 hours to $27,454. However, the good news for Bitcoin investors is that the dominance of the top crypto has increased by about 1% to 47.66% of the total crypto market. Bitcoin price has dropped 7.71% in the last 7 days.

Meanwhile, the total cryptocurrency market volume in the last 24 hours increased by 26.51% to $84.33 billion, which indicates that investors are selling their crypto holdings. Total DeFi volume was $6.74 billion, or 7.99% of the total 24-hour crypto market volume. Stablecoin volume was $72.33 billion, or 85.77% of the total 24-hour crypto market volume.

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Changing the Crypto Rupee Index

CoinSwitch’s Crypto Rupee Index (CRE8), which tracks the performance of the crypto market in terms of INR, is down 4.58% on the day. At the time of writing, the index was Rs 2711. CRE8 is a crypto index in Indian rupees that reflects Indian trading conditions. Read more about CRE8 here)

Best Crypto Prices June 12

Ethereum (ETH): Ethereum price is down 12.58% to $1460 in the last 24 hours. ETH price is down 18.58% in the last 7 days. It is currently ranked as the second crypto asset by market cap.

Binance (BNB): Binance Chain coin price is down 11.07% to $256.83 in the last 24 hours. BNB price has dropped 13.75% in the last 7 days. It is currently the fifth largest crypto asset by market cap.

XRP: The price of the XRP coin is down 10.15 percent in the last 24 hours to $0.3466. In the last 7 days, the XRP price has dropped by 11.56%. It currently ranks 8th among cryptocurrencies by market cap.

Solana (SOL): Solana price is down 12.82 percent to $32.58 in the last 24 hours. SOL price has dropped 16.32% in the last 7 days. It currently ranks 9th among crypto assets by market cap.

Cardano (ADA): The price of Cardano token has dropped 13.64% to $0.513 in the last 24 hours. In the last 7 days, the price of ADA has dropped by 9.06%. It currently ranks 7th among crypto assets by market cap.

Popular memecoin price Dogecoin (DOGE) is down 13.45% in the last 24 hours. DOGE is currently ranked 10th in market capitalization. DOGE was priced at $0.06575 at the time of publication of this report.

The price of Polkadot (DOT) fell 12.85% to $7.62, while the price of Avalanche (AVAX) fell 17.72% to $18.68. DOT and AVAX are currently ranked 11th and 16th respectively on CoinMarketCap. Polygon (Matic) price is down 14% in the last 24 hours to $0.5175. It is currently ranked 18th on CoinMarketCap.

Meanwhile, Tron (TRX) price also dropped 6.05% to $0.07499 in the last 24 hours. It is currently ranked 13th on CoinMarketCap.

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