Crypto Price Today Live: Bitcoin holds $20,000; Ethereum, Dogecoin, Shiba Inu gain up to 5%

economictimes.indiatimes.com:

Ethereum gained more than 3 per cent, whereas XRP and Solana gained more than 2 per cent each. The global cryptocurrency market cap was trading higher at the $915.53 billion mark, dropping more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped almost 18 per cent to $55.18 billion.

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In the wake of the crypto market crash, the prices of hardware used to support the mining of crypto assets are also falling dramatically. For example, a high-end graphic card is now almost 45% cheaper compared to its price a few months ago.

What's cooking in IndiaIt’s a triad of negative factors, and not only the new rules relating to crypto currencies that kicked in on July 1, that’s giving jitters to crypto investors and driving some out of the market. Veterans of the trading space, however, feel that the current phase, popularly being referred to as the ‘crypto winter’, is a passing one in the evolutionary process of cryptocurrencies and the prices of these new age assets would soon stabilize. India's new cryptocurrency tax has dealt a heavy blow to the country's crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90 per cent.Expert takeThe short term outlook for lenders who are exposed to price fluctuations and the current climate doesn’t look too positive at the moment, said Guillaume Le Saint, Founder, Atato. «As we head into Q3 2022, investors should be aware of outstanding liabilities and secure their own assets just to be safe,» he added. «We are seeing an increased number of enquiries on using our custody solution instead of relying directly on exchange wallets — possibly due to businesses starting to manage