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Cryptocurrency Prices Today on June 8: Bitcoin, Binance Coin & Cardano

Bitcoin's price is currently $33,704.96 and its dominance is 40.98 percent, a decrease of 0.01 percent over the day

June 08, 2021 / 07:54 AM IST
The global cryptocurrency market cap is $1.54 trillion, a 7.46 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $102.17 billion, which makes a 28.13 percent increase. (Image: Reuters)

The global cryptocurrency market cap is $1.54 trillion, a 7.46 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $102.17 billion, which makes a 28.13 percent increase. (Image: Reuters)

Cryptocurrencies are in the red on June 8. Bitcoin's price is currently $33,704.96 and its dominance is 40.98 percent, a decrease of 0.01 percent over the day.

This comes after a slew of crypto-related accounts in China's Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on Bitcoin trading and mining. More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator.

The global cryptocurrency market cap is $1.54 trillion, a 7.46 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $102.17 billion, which makes a 28.13 percent increase.

The volume of all stable coins is now $81.97 billion, which is 80.23 percent of the total crypto market 24-hour volume.

Also Read | Trading in crypto? Here's how your profits will be taxed in India

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Meanwhile, in India, Infosys co-founder Nandan Nilekani wants India to accept cryptocurrencies as an asset class, a strong sign of its growing acceptance in India even as it faces regulatory uncertainty. “Just like you have some of your assets in gold or real estate, you can have some of your assets in crypto. I think there’s a role for crypto as a stored value but certainly not in a transactional sense,” he said.

Nilekani, currently chairman of software giant Infosys and architect of the Aadhaar identity system in India still does not endorse cryptocurrencies as a mode of payment or as a substitute to government currency because of its volatility and energy zapping nature. But said that if the government legalises cryptocurrencies, it would allow “the crypto guys to put their wealth into India’s economy”.

As off 7.10 am on June 8, these are the prices of the 10 largest cryptocurrencies (data from coinmarketcap.com):
NamePrice24h%7d%Market CapVolume (24h)
1Bitcoin BTC$33,675.707.44%9.70%$631,277,015,257$35,637,873,440
2Ethereum ETH$2,600.336.43%2.69%$301,834,924,369$31,458,455,963
3Tether USDT$1.000.01%0.03%$62,319,583,935$73,104,009,582
4Binance Coin BNB$361.4810.07%2.12%$55,450,318,052$3,065,867,151
5Cardano ADA$1.577.65%8.80%$50,133,533,170$2,790,815,046
6Dogecoin DOGE$0.3359.88%0.87%$43,525,876,353$3,248,956,474
7XRP XRP$0.863910.51%18.36%$39,858,406,821$3,498,298,745
8USD Coin USDC$1.000.01%0.01%$23,065,555,340$2,000,438,507
9Polkadot DOT$21.8012.56%3.35%$20,651,029,130$1,968,870,836
10Uniswap UNI$24.188.18%12.99%$13,652,375,740$493,611,281
You can also check the prices at Coinbase and cryptocurrency news platform CoinDesk.
Moneycontrol News
first published: Jun 8, 2021 07:54 am

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