Cryptocurrencies are being called the future of money. But this concept is still quite far-fetched, given the current circumstances of the market. The recent crypto market crash wiped out more than US$1 trillion worth of digital cash, which poses an even more poignant question as to how the market will handle global economies and finances if it cannot handle mere investments from individual investors. Currently, more and more investors are opting for more traditional and centralized forms of assets rather than these digital ones. Here, Analytics Insight enlists the top cryptocurrency prices for June 8, 2022.
Bitcoin: US$30,298.11 (up by 2.70%)
Ethereum: US$1,792.17 (up by 2.28%)
Tether: US$0.9994 (down by 0.01%)
USD Coin: US$1.00 (up by 0.02%)
BNB: US$287.70 (up by 3.28%)
Cardano: US$0.6394 (up by 9.31%)
XRP: US$0.3998 (up by 2.44%)
Binance Coin: US$0.999 (down by 0.22%)
Solana: US$39.05 (down by 0.12%)
Dogecoin: US$0.07997 (up by 0.77%)
According to coinmarketcap, the global market cap is standing at US$1.24T, indicating an increase of over 1.97% over the last day.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.