Bitcoin at Rs 17 lakh

Major cryptocurrencies were trading in the green early on June 21 as the global crypto market cap rose 2.86 percent to $904.57 billion over the last 24 hours. On the other hand, the total crypto market volume declined 8.78 percent to $71.92 billion during the period. The total volume in DeFi stood at $6.65 billion, 9.24 percent of the total crypto market's 24-hour volume. The volume of all stable coins was $62.73 billion, 87.23 percent of the crypto market's 24-hour volume. Bitcoin hovered around Rs 17 lakh, with a dominance of 43.35 percent. This was a 0.08 percent increase over the day, data from CoinMarketCap shows. Read full here

Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

Babel Finance, which suspended withdrawals and redemption of crypto assets on June 18, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. In an update on its website on June 20, Babel said it carried out an emergency assessment of its business operations to determine the company's liquidity status. "Babel Finance will actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks," the company said. Read details here

Crypto industry fears contagion as Bitcoin slips under $20,000

The cryptocurrency industry is on edge as Bitcoin struggles to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world's biggest cryptocurrency, was on June 20 trading just under the symbolic level of $20,000 in early London trading hours - roughly the peak of its charge to its previous record in 2017. Its fall follows problems at several major industry players. Further declines, market players said, could have a knock-on effect as other crypto investors are forced to sell their holdings to meet margin calls and cover losses. Investors are concerned that issues at large crypto companies may trigger a wider market shakeout. Take a look

ProShares list st short Bitcoin ETF on NYSE

ProShares is set to list the United States’ first exchange-traded fund termed as The ProShares Short Bitcoin Strategy (BITI) that will allow investors to bet against Bitcoin prices and hedge their crypto investments. BITI is designed to deliver the inverse of Bitcoin’s performance and will start trading on the New York Stock Exchange from June 21. ProShares has earlier made first movers development in the space in October 2021, when it became the first to list a Bitcoin futures ETF – coinciding with the crypto’s record $68,900 price. Check more here

International Yoga Day 2022: Market crash asanas

Happy Yoga Day! I am sure you have all learnt to stretch your budgets just like you stretch your limbs to combat inflation. Today, we will learn a few special asanas to make you Fiscally fit. Remember, just because the market is crashing, doesn’t mean your paunch must also hit the floor. Here's how to payback the friend who advised you to become a crypto bro and make peace with the rise, fall and further fall in some stock prices. Read more here