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The crypto crash that rocketed markets back in May got worse in June 2022.
Cryptocurrency prices of major tokens are nearly all in the red – with the Bitcoin price losing 15% in the space of a few hours earlier this week. Bitcoin finished last week with its lowest close since December 2020.
The crypto market cap has also crashed below $1 trillion for the first time since January 2021. The crypto market cap is now $950 billion and down 67% from an all-time high of $3 trillion reached back in November last year.
Below, we look at the cryptocurrency prices today for Bitcoin, Ethereum, BNB, Cardano, XRP, Solana, Dogecoin, Shiba Inu, EverGrow Coin, and Stellar.
Inflation is currently at 8.6% in the United States, according to Consumer Price Index (CPI) data released last week for the month of May.
This is the highest level of inflation seen since December 1981. All markets were spooked by sky-high inflation levels, with the S&P 500 seeing a new yearly low on Monday after falling 4% to $3,750.
Further negative crypto news is likely as policymakers at the US Federal Reserve contemplate raising interest rates later this week.
In specific crypto news, the popular staking and lending platform Celsius has halted all withdrawals, swaps, and transfers. The company cited 'extreme market conditions' were behind the halt, though its own Celsius token is down more than 50% in the past week.
Widespread layoffs and issues have lost faith in the crypto industry to compound into another crypto crash just one month after the Terra Luna collapse.
Below we look at the crypto prices today of the top 10 tokens by market cap and potential.
Bitcoin price: The price of Bitcoin today is $22,414. This is a 12% loss in the past day leading to June 14th, and a 24% loss in the past week. Bitcoin is at its lowest price since late 2020 and there are signs the bleed could continue.
Ethereum price: The price of Ethereum today is $1,220. This is an 8% loss in the past day leading to June 14th and a loss of 31% in the past week. Ethereum is currently the hardest hard cryptocurrency in the top 20 tokens by market cap.
BNB price: The price of BNB today is $226. BNB's losses are not as deep as Bitcoin or Ethereum, having lost 5% in the past day and 20% in the past week.
Cardano Price: Cardano is one of few cryptocurrencies rising in price today. The crypto price for Cardano (ADA) today is $0.4934. Cardano has gained 6% in price in the past 24 hours and lost 16% in the past week.
XRP price: XRP briefly flipped Cardano yesterday, before falling back to 8th place in the crypto rankings by market cap. The price of XRP is currently $0.3155. XRP has lost 3% in price in the past day and 19% in the past week.
Solana price: The price of Solana today is $30.37. Solana is the fastest growing cryptocurrency in the top 20 today with a 7% price increase in the past 24 hours. Solana has nevertheless lost 22% in price in the past week.
Dogecoin price: The price of Dogecoin today is $0.5699. This is a 3% loss in the past day while DOGE has lost 29% in price over the past week. Dogecoin has held out as the 10th biggest cryptocurrency by market cap but there is now $400 million separating it from Polkadot, which is growing 6% in price today.
Shiba Inu price: Shiba Inu has tumbled from its 15th spot in the crypto rankings by market cap to 17th place today. The price of Shiba Inu today is $0.000008427. Shiba Inu has grown 4% in price in the past day but lost 20% over the past week. Both Avalanche (AVAX) and UNUS SED LEO (LEO) have flipped SHIB in the past few days.
EverGrow Coin price: EverGrow Coin has lost 28% in price in the past day after falling to $0.0000001698. The losses come after a huge price rally up to 30% yesterday, as EverGrow Coin is fast gaining investors with daily BUSD rewards financed by a scalable transaction tax. With trading volume well over $1 million today, this would see 8% – or $80,000 – distributed to investors' wallets today.
Stellar price: Stellar gained attention this month after MoneyGram launched a global crypto-to-cash service on the Stellar Network. The price of Stellar today is $0.1119. Stellar (XLM) has grown 2.3% in the past day and lost 19% in the past week. Stellar has nevertheless moved up the crypto rankings by market cap to 23rd place.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
