Light bounce in Crypto market, increase in all popular coins including Bitcoin

Light bounce in crypto market, increase in all popular coins including bitcoin
Ethereum, the second most popular coin after bitcoin, also saw an increase today

A slight jump has been seen in the cryptocurrency market today, with which there has also been a slight increase in bitcoin. The price of bitcoin has remained stable for several days. Although it has seen minor fluctuations but not a huge change has come inside it in the last one week. Today i.e. on June 8, the price of bitcoin is trading at $ 31,651 (about Rs 24.5 lakh) on the Indian exchange Coinswitch Kuber. Its price has increased by 1.13 percent in the last 24 hours. Apart from this, the world’s oldest cryptocurrency has also shown signs of growth on international exchanges. It remains at $29,968 (about Rs 23 lakh) on international exchanges like Binance and Coinbase.

At the beginning of the month of June, bitcoin gave good signs when it was trading close to Rs 25 lakh on 1st June. Since then there has been a slight fluctuation in its price and the world’s second-largest cryptocurrency is swinging between Rs 23 to 25 lakhs. Ethereum, the second most popular coin after bitcoin, also saw an increase today.

Industry experts say that due to the global economic slowdown, investors are now rushing toward low-risk investments, which is now taking its toll on cryptocurrencies and the heat of the market is easing. Currently, the total market capitalization of the crypto industry is $ 1.23 trillion (about Rs 96,29,342 crore). At this time the market needs big investors who can fund the industry during this recession. Whereas small investors are now pulling their hands off investing in crypto.

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