Major cryptocurrencies traded lower today
Published On: Friday, June 18, 2021 | By: Team KnowMyStock
Major cryptocurrencies traded lower today(18th June 2021) as the US regulator delayed the approval of Bitcoin ETFs which has dented the sentiments of crypto investors. However, digital tokens, pegged with dollars, showed signs of resilience. The majority of the top 10 digital tokens were trading with cuts at 9.30 hours IST. The Securities and Exchange Commission (SEC) said in a regulatory filing that it will seek public comments on a proposal to list Bitcoin ETFs on Cboe Global Markets Inc. Contrary to US SEC's views, UK watchdog Financial Conduct Authority said more people see crypto assets as a mainstream investment rather than a 'gamble' as ownership of Bitcoin and similar cryptocurrencies have risen to 2.3 million adults in Britain this year.
Regulators have repeatedly warned investors about the 'speculative' nature of largely unregulated crypto assets, which have tanked between 40-50 percent from the highs of May. However, global securities index publisher MSCI is looking at launching indexes for cryptocurrency assets, another step towards mainstream acceptance for digital currencies.
Bluechip venture capital funds are eager to invest in Indian crypto and blockchain startups, but say the uncertain policy environment is standing in their way.
The majority of the top 10 digital tokens were trading with cuts at 9.30 hours IST on June 18, 2021)
- Bitcoin: $37,963.57, down 2.32 per cent
- Ethereum: $2,346.29, down 3.65 per cent
- Tether: $1.00, up 0.06 per cent
- Binance Coin: $354.07, down 0.99 per cent
- Cardano: $1.48, down 3.62 per cent
- Dogecoin: $0.3052, down 2.73 per cent
- XRP: $0.8415, down 1.84 percent
- USD Coin: $1, up 0.05 percent
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