Crypto Price Today: Bitcoin, Ethereum, Cardano shed up to 2% Dogecoin & Tron gain

economictimes.indiatimes.com:

Bitcoin and Ethereum were up marginally. Polkadot was among the top losers. The global cryptocurrency market cap was trading at $865.22 billion mark, dropping more than half a per cent in the last 24 hours. However, total cryptocurrency trading volume jumped almost a per cent to $40.62 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 India Spot trading volumes on crypto exchanges CoinDCX, WazirX and Zebpay declined by at least 70 per cent on July 3 compared with June 30 as the rule requiring deduction of tax at source on every transaction came into effect on July 1. While crypto exchanges said that it is too early to know the actual impact of tax deducted at source (TDS) as trading volumes are typically lower on the weekend. According to some experts, trading would likely remain under pressure.Expert take Bitcoin has been holding its ground and trading within the range of $20,000 to $19,000 while Ethereum has been trading within the range of $1,150 to $1,000, according to WazirX Trade Desk. «This is quite unexpected as the DeFi contagion that started with LUNA has worsened,» it said. «People's confidence might have shaken after Three Arrow Capital filed for bankruptcy,» it added.Global updates