paragraph

The majority of the cryptocurrencies were trading in deep red on Wednesday amid mounting concerns about a global recession.

Bitcoin, the world's favourite cryptocurrency, tumbled as much as 5 percent to $19,900 and adding to a 7% slide over the past week. Ether, the second largest token, fell 6.26 percent and hovered around $1,073.&nbsp; At the same time, Solana and Polkadot witnessed massive falls by plunging 9 percent to hit $33.93, and 8.83 percent fell to $7.42, respectively.

Shiba Inu, on the other hand, the 14th biggest crypto token by market cap, rallied 14 percent in the past 24 hours, as per CoinDesk data at 13:30 IST.

On Wednesday’s open, Asian market Hong Kong’s Hang Seng index fell 2.29%, Shanghai Composite dropped 1.20%, and India’s Sensex slid 1.29%. In Europe, Germany’s DAX plunged 2.9%, while the stock index Stoxx 600 dropped 1.56%.

The global cryptocurrency market cap declined to 4.40 percent to $885 billion in the last 24 hours. However, the total cryptocurrency trading volume plunged over 8.97 percent to $69.16 billion. Out of a total market cap, bitcoin's dominance is 43.26 percent, a decrease of 0.034% over the day, as per CoinMarketCap data.

Meanwhile, the well known meme coin DOGE is back in the top 10 digital token list after Elon Musk’s recent statement. It has surged more than 20 percent after Tesla CEO Elon Musk in an interview with Bloomberg said he will continue to support DOGE. However, Dogecoin is still 91 percent lower than its all-time high price of $0.73 recorded on 8th of March, 2021.

Cryptocurrency price today: Bitcoin slipped under $20K, Shiba Inu jumps 14%

Bitcoin tumbled as much as 5.15 percent and was trading at $20,067, holding right above the key $20,000 level.

Motilal Oswal Investment Idea: Tata Consumer to hit ₹900 in 12 months

Oil slumps by more than $5 as Biden expected to cut U.S. fuel cost

Here's why Kotak Equities upgraded HDFC AMC from 'sell' to 'add'

How to manage your investment portfolio during stock market uncertainty

Meme of the day: Waiting for the bull run

Christopher Wood of Jefferies says will buy Indian equities if the Nifty drops to around 14,000

Where to invest in these volatile markets? Sharekhan bets on these 6 companies 

Metal sector near 52-week low; should you begin bottom fishing?

Rupee falls 4 paise against US dollar in early trade

Investing in target maturity funds for a decade can give more than 7% return

If you prefer safety over volatility and are willing to settle down for averagely good returns, then target maturity funds may be the right investment option for you.&nbsp;

June Auto Sales Preview: Momentum to be positive; CVs, tractors to trend higher 

In June, CV (commercial vehicle), and Tractor segments are also likely to trend higher in a seasonally strong month, said analysts. Further, 2-wheelers volumes would also be better.

India's top cement maker paying for Russian coal in Chinese yuan: Report

India has explored setting up a rupee payment mechanism for trade with Russia, but that has not materialised. Chinese businesses have used the yuan in trade settlements with Russia for years.

Axis Securities sees a 20% upside in this Maharatna stock

Coal India reported a consolidated net profit of ₹6,692.94 crore in the March quarter, up 45.91 per cent year on year (YoY) from ₹4,586.78 crore in the same quarter last year.

Nippon MF again stops inflow into overseas funds: Report

Discontinuation comes within a week of resuming subscription in overseas securities