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Bitcoin and all major cryptocurrencies were trading in red at 3:45 p.m. on Saturday, June 12. In line with its recent trends, the global crypto market fell more than 15% over the weekend, according to data from CoinSwitchKuber. The world’s number one cryptocurrency Bitcoin was down 6% and was trading at Rs 27 28 815 after hitting the day’s high of Rs 29 00 208.
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Ethereum, ranked 2nd in the world, was trading at Rs 1,849,449, down 3.35%. It hit a daily high of Rs 1,90,490 and slipped to Rs 1,75,060.
Ranked 3, Tether continued to trade in limited space and edged up 0.05%. Tether’s market price was RS 77.4716, same coinsDogecoin, Shiba Inu were down more than 5% and 10%. Dogecoin was trading at Rs23.869532 and ShibaInuat Rs 0.000462. Other coins like Polka Dot and Binanacecoin were trading at 9.94% and 6.79% respectively. Matic was also trading more than 10% lower on Saturday.
Meanwhile, in the latest cryptocurrency-related news, China’s crackdown on cryptocurrencies has spread to the southwest of the country with a campaign against the misuse of electricity by miners. of bitcoins in Yunnan province, Reuters reported on Saturday, citing local media.
Earlier, after it was widely reported that ED served a warning notice on WazirX and its administrators regarding cryptocurrency transactions worth Rs. 2,790.74 crore, the more India’s large cryptocurrency exchange has refuted such a view. “WazirX has not yet received a show cause notice from Enforcement Branch, as mentioned in today’s media reports. WazirX complies with all applicable laws. We will Beyond our legal obligations by following Know Your Customer (KYC) and should we receive any formal communication or notice from ED, we will fully cooperate with the investigation. Please note: your funds are absolutely safe on WazirX ” , tweeted the crypto exchange
In India, despite the 2018 RBI Circular from the Supreme Court banning banks and financial institutions from engaging in crypto transactions, there is uncertainty over crypto trading in the country.
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