[ad_1]
The world’s number one cryptocurrency Bitcoin was trading lower at Rs 29 78,036, down 3.06% at 12:40 p.m. as of Thursday, June 17. Bitcoin’s correction appears to have affected the price movement of other cryptocurrencies as well. Top Crypto coins and tokens were trading in red on Thursday. CoinSwitch Kuber, the Indian exchange that facilitates cryptocurrency trading in India, showed the overall global market was down 2.20% on Thursday. Ethereum, Binance Coin, Dogecoin, Shiba Inu, Polka Dot, and all major coins have been seen in red. Tether, number 3 in the world rankings according to CoinSwitch, was however trading slightly in green at Rs 75.7958, 0.01%. One week data shows that this coin has struggled and is trading in a range of Rs 74 or Rs 81.
See Zee Business Live TV Streaming below:
Meanwhile, Ethereum was down 3.5% and was available at Rs 1,86320 per ETH. Binance Coin which holds the number 4 position in the world according to the same data was also down 1.34% and was trading at Rs 27,450.86 per BNB Cardano (Rank 5): Rs 116.82613, owns 2.13 % Polka Dot (Rank 9): Rs 1,818.88, down 1.8%
Two very popular coins Dogecoin and Shiba Inu were also trading in negative territory. Dogecoin was trading down 1.86% and was available at RS 23.803270 by Doge. Shiba Inu lost 8.72% in Thursday’s trading session after gaining more than 20% on Wednesday, according to data from WazirX. Earlier, the dog breed meme coin soared following reports suggesting that Shiba Inu was listed on Coinbase Pro and expected to be listed on the Robinhood exchange.
Regarding cryptocurrency trading in India, the Reserve Bank of India (RBI) on May 31 previously asked banks not to cite its 2018 circular which banned banks and NBFCs from trading. of crypto. He said the 2018 cryptocurrency circular was overturned by the Supreme Court (SC) in March 2020. “The circular is not valid from the date of the SC order and cannot be cited. neither cited, ”the RBI said. However, RBI Governor Shaktikanta Das later said that central banks’ views on cryptocurrencies like Bitcoin remain unchanged and that he continues to have major concerns over volatile instruments. There is no change in the position of the RBI (on cryptocurrencies). Our circular clarifies the position very well, reported PTI, the RBI governor making the statement.
[ad_2]
picture credit