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Cryptocurrency price today: On Saturday, July 2, the global cryptocurrency market held steady but remained in the red for four consecutive days. Fears of recession and inflationary pressure were the most specific Cryptocurrencies In a volatile situation, especially after a report concluded that the US economy contracted by 1.6 percent in the first quarter of this year. Investors, worried about this, have been trying to sell their currencies, with the stock markets also volatile, while also not looking to invest in any riskier assets.
The global cryptocurrency market remained below $900 million for another day on Saturday. At the time of writing this article, the cryptocurrency market capitalization was $865.52 billion, down 0.74 percent from the previous day, data from CoinMarketCap showed.
Bitcoin for the day also remained below $20,000 after recovering the previous day. Today’s Bitcoin price recorded a value of $19,167.39 at 1,346 EST, a decrease of 2.08 percent over the past day. Meanwhile, today’s Ether price has remained flat and barely stayed above the $1,000 mark for two consecutive days. At the time of writing this article, the price of Ethereum is standing at $1,044.44, which is a 2.22 percent drop over the past 24 hours.
“Bitcoin price dropped below $19,000 in the past day before recovering back above $20,000. Meanwhile, the balance of BTC on exchanges has reached a very low level according to Galssnode data. It is an indication that bitcoin investors and whales are accumulating and feeding on the This is a bullish signal that may eventually lead to a trend reversal. The daily trend of BTC is moving inside a descending triangle pattern. The next major support is expected at $14,000,” WazirX Trade Desk said on July 1.
back to home , India Implement the rules regarding withholding tax at source on Virtual Digital Assets (VDAs) and cryptocurrencies that came into effect on Friday, July 1. The rules make it mandatory for the buyer of a VDA to deduct 1 per cent of the amount paid to the seller (resident Indian) as deductible income tax at source (TDS).
Here are the top 10 cryptocurrencies and their prices on July 2, 2022, Saturday (according to data from coinmarketcap.com)
Bitcoin $19,167.39 or 2.08% increase in the past 24 hours
Ethereum $1,044.44 or 2.22 percent loss in the past 24 hours
Hook up $0.9991 or 0.02 percent gain in the last 24 hours
USD Coin – gains of 1.00 USD or 0.01 percent in the last 24 hours
$216.59 or 1.58 percent gain in the last 24 hours
Binance $0.9995 or 0.21 percent loss in the last 24 hours
XRP $0.3128 or 1.72 percent loss over the past 24 hours
Cardano $0.4459, or a loss of 1.91 percent in the past 24 hours
Solana $32.57, or a 1.77 percent loss in the past 24 hours
Dogecoin $0.06668 or 0.28 percent over the past 24 hours
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