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Bitcoin, Ether Start June With Minor Losses, Stablecoins Show ‘Strength’ – News

Cryptocurrencies have started off with some gains and some losses in June after facing a rough patch in the market last month. On June 1, the world’s most popular cryptocurrency, Bitcoin, opened with minor losses on national and international exchanges. According to CoinSwitch Kuber, the value of BTC is at $33,234 (approximately Rs.25 lakh) after a marginal drop of 0.25 per cent. On international exchanges such as CoinMarketCap and Binance, it fell by more than one percent, taking its value to $ 31,432 (about Rs 24 lakh).

bitcoin The world’s second most popular cryptocurrency following the path of Ether (ether) also registered a small decline in prices. Gadgets 360 crypto price tracker According to this, ETH is trading at $2,029 (about Rs 1.5 lakh) with a fall of 2.75 percent.

Most altcoins started the month of June with small losses. These include Solana, Polkadot, Avalanche and Polygon. Popular Dodgecoin (DOGE) in the form of meme coins also failed to do any magic, while its big supporter billionaire Elon Musk announced that DOGE payments would be started for SpaceX merch. The past few years have not been good for the Shiba Inu. The beginning of June was not good for him either. Yesterday it was reported that the creator of Shiba Inu has deleted all his blogs and tweets. Its effect was visible on Wednesday and this cryptocurrency was seen struggling with losses.

meanwhile Tether, USD Coin As stable coins maintained the lead. Binance Coin, CardanoAnd ripple Prices also showed an upward trend.

At the same time, industry watchers do not see the slight decline in bitcoin as a concern. Indian crypto exchange CoinDCX told Gadgets 360 that serious buyers are turning back as they see the potential for a price increase. Experts remain optimistic about its growth in the long run.

CoinMarketCap’s accordingThe global crypto market cap currently stands at $1.30 trillion (approximately Rs 100,99,574 crore). As of May 30, this figure was $ 1.25 trillion (about Rs 97,50,067 crore).

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