Crypto Market Update: Bitcoin’s V-Shape Recovery Lifts Up the Crypto Space!

BTC’s Recovery Lifts Up the Crypto Space, PayPal to introduce transfer of crypto to external wallets, ADA climbs 12% in 7 days & more in today’s crypto news!

8 Jun 2022 | 3 min read

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Bitcoin’s V-Shape Recovery Lifts Up the Crypto Space, How Long Will the Bullish Momentum Prevail?

In an interesting price action, Crypto Space recovers from the recent losses as Bitcoin 180 degree recovery uplifts the market. With the BTC price back above INR 24 Lakhs, popular assets like Ethereum also gained bullish momentum but fails to surpass INR 1.5 lakh. Other assets among the top 10 also surged magnificently with Cardano smashing INR 50 with a huge jump of 11.77%.

Apart from ADA, Chainlink(LINK) surges by 18.75%, Arweavw(AR) by 16.81% and OMG Network(OMG) by 12.79%. On the other hand, some of the popular tokens like TerraClassic(LUNC) & Optimism(OP) dropped hard by 15.65% and 10.58% respectively while Terra(LUNA) tanked down by 13.96%.

CRYPTO PRICES TODAY

Price Trend	Price for June 08, 2022	Percentage change
The global cryptocurrency market cap	$1,249,755,820,869	–
The total crypto market volume	$88,852,512,195	–
Bitcoin Price	$30,520.07	3.28%
Ethereum Price	$1,808.73	2.97%

*All prices are latest by 11:32 am, 08 June 2022.

Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

TOP 3 CRYPTO GAINERS

Crypto	Price*	Percentage Change
COTI (COTI)	INR 10.95	16.03%
Chainlink (LINK)	INR 699.80	12.63%
Flamingo (FLM)	INR 8.36	11.31%

*All prices are latest by 11:35 am, 08 June 2022.

TOP 3 CRYPTO LOSERS

Crypto	Price*	Percentage Change
Polymath (POLY)	INR 22.13	-6.03%
Tezos (XTZ)	INR 167.13	-5.40%
1inch (1INCH)	INR 68.03	-1.14%

*All prices are latest by 11:35 am, 08 June 2022.

Crypto Market Update

Cardano Climbs 12% As Investors Gain Confidence

Within the last couple of days, with a move of just 0.6%, Cardano has seen a stagnation in value. The volume of Cardano traded in the last twenty-four hours to the time of writing was $1.3576B or 1.55% of the total volume of all cryptocurrencies. It has traded in a range of $0.5396 to $0.6529 in the past 7 days.

The move upward pushed Cardano’s total market cap up to $21.1290B, or 1.67% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.

Source: Investing.com

Top Crypto News

PayPal Let Users Transfer Bitcoin and Ethereum to External Wallets

PayPal has finally listened to its users and has introduced the long-demanded feature of moving one’s crypto to external wallets and hardware devices. The feature is being rolled out today in the U.S. and will be available to everyone in the coming week or two.

Previously in 2020, when Paypal first started offering crypto to its users, they could buy, sell, and hold only 4 crypto tokens- Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. But now they would be able to explore moving funds to external wallets like Metamask, Coinbase, or hardware wallets.

Source: Decrypt

Top Crypto Buzz

Ripple Concludes Fresh Partnership to Expand into European Luxury Market

Ripple, a provider of blockchain solutions for businesses, and Lunu, a crypto-terminal operator and payment provider that specializes in working specifically with premium retailers, have formed a partnership in order to provide German high-end retailers with the ability to receive payments in crypto.

The joint use of RippleNet and Lunu’s point-of-sale (POS) terminals will be instrumental in providing an opportunity for high-end and luxury retailers in Europe and the United Kingdom to accept cryptocurrency payments in their stores.

Source: U.Today

NEW COIN LISTING ON COINDCX

New Coin	Market Capitalization	Circulating Supply
SKALE Network (SKL)	$242,649,066	3.53B SKL
BAND ProtOcol (BAND)	$59,284,163	35,191,821.00 BAND
Moonbeam (GLMR)	$354,129,924	278,183,218.00 GLMR
Livepeer (LPT)	$287,776,953	23,959,086.69 LPT

*All prices are latest by 12:30 pm, 08 June 2022.