The global cryptocurrency market continues to show volatility amid several events related to virtual money and tweets from Tesla and Space X CEO Elon Musk.
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Best cryptocurrency price movement
At 1:15 am on Friday, June 11, Bitcoin was trading slightly up at Rs 28,60,224, up 0.7%. The virtual currency reached a daily high of Rs 30.15,086 and was extended to Rs 27.71 415. Bitcoin has a huge market capitalization of Rs 50,15,547, data from CoinSwitch Kuber showed.
The world’s second-ranked cryptocurrency, Ethereum, fell 3.95% to trade at Rs 1.88,189. IT hit a daily high of Rs 2.02,357.
In third place, Tether traded at Rs 77.3964, up 0.06%. The highest price for Tether (USDT) on the first day was Rs 79.8888, while the lowest price was Rs 76.3388.
Meme Coin Dogecoin also traded down 2.8% to Rs 25.028069 after hitting a daily high of Rs 26.842799. According to CoinSwitch, this cryptocurrency is currently ranked 6th in the world and boasts a market cap of Rs 3.11651 crore. Another meme coin, Shiba Inu, which is sold under the name “SHIB”, also traded in red. It fell 6.20% and was available at Rs 0.000515.
Cryptocurrency Trading in India
In India, cryptocurrency trading concerns continue as RBI maintains its position in 2018, despite the Supreme Court overturning its ruling that recommended banking banks and NBFC not to engage in cryptocurrency business.
ED Notice for WazirX
Meanwhile, in conjunction with the big cryptocurrency exchange event in India, the Enforcement Administration (ED) has issued a clear reason notice for cryptocurrency WazirX and its directors, Nishal Shetty and Samir Hanuman Mhatre, under the Foreign Exchange Governance Act from 1999 (FEMA) for transactions. involving cryptocurrencies in the amount of Rs 2,790.74 crore, ED said in a statement.