The global cryptocurrency market cap was trading higher at the $978.65 billion mark, rising close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 3 per cent to $60.49 billion.
All crypto tokens were trading higher on Monday. Polygon zoomed about 9 per cent, whereas Avalanche jumped 5 per cent. Solana advanced 3 per cent. Ethereum, Cardano, XRP and Dogecoin added 2 per cent each.
The global cryptocurrency market cap was trading higher at the $988.57 billion mark, rising close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped more than a per cent to $63.69 billion.
What’s cooking in India
Cryptocurrency exchanges and blockchain companies are trying to cobble together their own independent association after Internet and Mobile Association of India (IAMAI) dismantled Blockchain and Crypto Assets Council (BACC).
Did you Know?
The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply
View Details »
Industry insiders said preliminary talks are on between key stakeholders, but a new association will take time to form as key stakeholders are still to find a common ground.
During the whole week, Bitcoin was fluctuating. It seems that BTC is in a double bottom pattern, said WazirX trade desk.
The cryptocurrency market has been nothing short of a financial soap opera in 2022, and the drama continued this week when the lender Celsius Network filed for bankruptcy protection.
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11.
Beleaguered crypto lending firm Celsius Network is owed $439 million by Indianapolis-based private lending platform EquitiesFirst, according to a Financial Times report, citing two unnamed sources.
Russia President Vladimir Putin has signed a law banning digital payments across the nation, according to a policy amendment. The law was approved by the Russian Assembly, known as the Duma, on July 8.
Tech View by Proassetz Exchange
The trend of Bitcoin is downward and trending below a downward trendline. But in short term, this is trending inside an upward channel. Therefore the current movement is range bound.
It has active support of $17000 and resistance of $22600, any breakout of either side with volume will lead a breakout from the current zone. If a weekly close above $22600 is seen then a bull run to $28000 is possible.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)
Crypto Returns Calculator
0x1inchAaveAirSwapAlgorandAlien WorldsAmbire AdExAnkrApeCoinAugurAvalancheAxie InfinityBancorBand ProtocolBasic Attention TokenBinance CoinBitcoinBitcoin CashCOTICardanoCeler NetworkChainlinkChilizChromiaCivicCompoundCosmosCurve DAO TokenDFI.moneyDIADaiDashDecentralandDigiByteDogecoinEOSElrondEnjin CoinEthereumEthereum ClassicEthereum Name ServiceFantomFetch.aiFilecoinGASGalaGolemHarmonyIOSTInternet ComputerIoTeXJasmyCoinKyber NetworkLitecoinLivepeerLoopringMakerMetalMy Neighbor AliceNEMNEONKNNanoNumeraireOmiseGOOrigin ProtocolPax DollarPolkadotPolygonPolymathPower LedgerQuantstampQuarkChainRepublic ProtocolRequestRippleShiba InuSolanaStatusStellarStorjSushiSwipeSynthetix Network TokenTerra 2.0TetherTezosThe GraphThe SandboxTheta FuelTheta NetworkThresholdTronTrue USDUMAUSD CoinUniswapVeChainWavesZilliqaaelfdistrict0xiExec RLCyearn.finance
Bought on₹Current Value₹ Buy Jul 18, 2022, 05:17 AM ISTExperience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »
- Front Page
- Pure Politics
- Companies: Pursuit of Profit
- ET Markets
Cos with Overseas Liabilities Rush to Cover Currency Risk
Importers and overseas borrowers are rushing to cover their currency risk after the rupee fell to ₹80 against the US dollar in both over-the-counter and derivatives markets on Thursday, leading to forward premium jumping 11-17 basis points across maturities on Friday.
Rupee Gains Against G10 Currencies
The rupee is delivering its best performance since 2015 against a basket of the heaviest traded currencies, ignoring the life-time low it hit the past week against the US dollar.
MeitY Flags Revenue Dept’s Move to Levy Customs Duty on Phone Display Parts
A letter sent by the ministry of electronics and information technology (MeitY) to the department of revenue in March this year has highlighted apparent differences on the validity of customs duty levies on a key component in cellular phones, the touch panel or cover glass.