Cryptocurrency Today: Bitcoin, Ethereum, Uniswap gain up to 6%


Published On: Thursday, June 24, 2021 | By:

Cryptocurrency Today: Bitcoin, Ethereum, Uniswap gain up to 6%

Major cryptocurrencies regained some ground after a broad-based crackdown from China today(24th June 2021). Following the recent volatility, six out of the top-10 digital tokens were trading with decent gains at 9.30 hours IST, whereas the rest four tanked up to 5 percent. On technical charts, numero uno crypto token Bitcoin formed a 'death cross', signaling further losses ahead. Prices of Bitcoin have already halved since its peak of $65,000 in April this year. Market players are citing jitters on bitcoin mining in thin liquidity for the losses. The past 24 hours were massively volatile for the cryptocurrency market. Bitcoin broke below the critical support level of $30k before making a day's low of $28,91. A short-lived rebound quickly followed the dip. It is one of those days where stop losses got triggered on both long and short positions," said an expert.

Top Indian crypto exchanges are in the final stages of joining IndiaTech, an industry association representing India's consumer internet startups, unicorns and investors, to increase pressure on the government to regulate crypto in India.


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