The market value of cryptocurrencies increased by $10 billion today to reach $2.795 trillion, driven by surges in both Bitcoin and Ethereum.
US 10-year Treasury yields trading near two-month lows have boosted non-yielding assets. Weak US economic data throughout the week has strengthened expectations of multiple Fed rate cuts in 2024.
Solana is experiencing a steady, gradual recovery, with its uptrend supported by the 50-day and 200-day moving averages, indicating potential strength in the market.
As of 10:00 AM, 3rd June 2024, on WazirX, Bitcoin’s current price is ₹5,655,114. Its price has increased by 1.10% in the last 24 hours.
Ethereum (ETH) is trading at ₹3,14,219, up by 0.04% in the last 24 hours.
The top gainers on WazirX include MyNeighbourAlice(ALICE), SmoothLovePotion (SLP), and Floki Inu (FLOKI), with price increases of 52.89%, 34.46%, and 14.39%, respectively.
However, the tokens that underperformed comprised Band Protocol (BAND), Pixel (PXL), and Lido DAO (LDO), with a price decrease of 13.29%, 7.89%, and 7.28%, respectively.
Shiba Inu (SHIB) saw a price increase of 1.32% and is now priced at ₹0.002097. Dogecoin (DOGE) saw an increase of 2.61% and is now priced at ₹12.96.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
