Bitcoin prices fell nearly 4% and traded below the $20,000 level. For Bitcoin, $20,000 is the key psychological level. If it is breached substantially, the bear grip in the crypto market is expected to tighten and crypto winter may deepen further. The digital token is down over 56% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021.

Also Read | Top 5 cryptocurrencies of the day: BTC down by 3%, STEPN trends at no. 1

Crypto investors continued to shift to safer options as global funds witnessed net outflows totaling $423 million in the week ended June 24, the largest on record, according to a report by Coinshares. The previous record for outflows stood at $198 million earlier in January this year. The recent outflows were solely focused on Bitcoin, which saw net selling for the week totaling $453 million. Meanwhile, Ethereum saw net inflows amounting to $11 million, the first for the crypto asset after 11 consecutive weeks of outflows.

Also Read | Crypto tax: All you need to know about 1% TDS that will be charged from July 1

Cryptocurrencies have suffered this year amid Federal Reserve interest rate hikes and stubbornly high inflation. After crypto’s last two-year hibernation ended in 2020, the industry spiked to around $3 trillion in total assets last November, before falling to less than $1 trillion. Cryptocurrencies had been moving for months in the same direction as stocks as investors’ appetite for risk assets reduced on growing fears about an economic slowdown.

Also Read | Gold, silver and other metal prices on Thursday, June 30, 2022

The global cryptocurrency market cap was at $864.86 billion, down 4.18% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $61.65 billion.

Also Read | REPO task force seized over $300 billion in Russian assets after Ukraine invasion

Bitcoin fear and greed index on Thursday, June 30, 2022, went from the extreme fear level of 13 to the level of 11 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

Also Read | Coca-Cola loses bid to revoke Indian soft drink trademarks in US

Bitcoin is currently trading at $19,314.47, down by 3.81%. In the last 24 hours, the highest it touched was $20,357.00 and the lowest was $19,319.58. Bitcoin has a current market cap of $368,405,244,928. It has a circulating supply of 19,081,062.00. BTC coins have a maximum supply of 21,000,000 coins.

Also Read | MCX share rises 4% as FPIs are permitted to trade in commodity derivatives

NFT giant OpenSea reports major email data breach, user data leaked

NFT marketplace OpenSea has suffered a data breach, in which the email addresses of users and subscribers were acquired using fraudulent methods by an employee of its email delivery platform. “If you have shared your email with OpenSea in the past, you should assume you were impacted. We are working with Customer.io in their ongoing investigation, and we have reported this incident to law enforcement,” OpenSea stated. It added that since the data comprise included email addresses, there may be an increase in email phishing attempts.

Also Read | Fuel price June 30, 2022: Petrol Rs 96.72, diesel Rs 89.62 in Delhi

OpenSea’s former head of product Nathaniel Chastain was charged by the United States Department of Justice with one count of wire fraud and one count of money laundering. He was subsequently arrested.

Also Read | Mukesh Ambani’s daughter Isha to be named chair of Reliance Retail: Report

US securities regulator rejects Grayscale’s proposal to list spot bitcoin ETF

US Securities and Exchange Commission has denied Graysclae Investments LLC’s bid to convert the world’s biggest crypto trust into an exchange-traded fund (ETF) by Grayscale, on the NYSE Acra Exchange. The proposal to list ETF did not meet the standard designed to prevent fraudulent and manipulative practices and protect investors and the public interest, said the regulator.