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Cryptocurrency
Updated : July 14, 2021 08:27 AM IST
The crypto market was trading in the red Wednesday after the reports showed US inflation hitting a 13-year high. US Consumer prices rose 5.4 percent in June as compared with a year earlier—the largest monthly gain since August 2008. Bitcoin, the largest digital coin in the world, is considered a hedge against inflation, so it was interesting to see its price reaction to the reports. At 8:15 am, it was trading nearly 2 percent lower at $32,502. Other major digital coins like Ether and Dogecoin also lost over 6 percent in the last 24 hours and over 17 percent in the last seven days. Here are the prices of the ten largest cryptocurrencies as of 8:20 am, data sourced from CoinMarketCap:
![1. Bitcoin: $32,501, 24-hour change: -2.00 percent, 7-day change: -4.84 percent 1. Bitcoin: $32,501, 24-hour change: -2.00 percent, 7-day change: -4.84 percent](https://images.cnbctv18.com/wp-content/uploads/2021/05/bitcoin-2.jpg)
![2. Ether: $1,911, 24-hour change: -6.07 percent, 7-day change: -17.54 percent 2. Ether: $1,911, 24-hour change: -6.07 percent, 7-day change: -17.54 percent](https://images.cnbctv18.com/wp-content/uploads/2021/05/2021-05-07T185814Z_1_LYNXMPEH4616F_RTROPTP_4_CRYPTO-CURRENCY-ETHEREUM.jpg)
![3. Tether: $1, 24-hour change: -0.03 percent, 7-day change: 0.00 percent 3. Tether: $1, 24-hour change: -0.03 percent, 7-day change: 0.00 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Tether-2.jpg)
![4. Binance Coin: $301, 24-hour change: -4.79 percent, 7-day change: -6.98 percent 4. Binance Coin: $301, 24-hour change: -4.79 percent, 7-day change: -6.98 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Binance-Coin-2.jpg)
![5. Cardano: $1.24, 24-hour change: -4.94 percent, 7-day change: -12.23 percent 5. Cardano: $1.24, 24-hour change: -4.94 percent, 7-day change: -12.23 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Cardano.jpg)
![6. Ripple XRP: $0.61, 24-hour change: -3.14 percent, 7-day change: -8.07 percent 6. Ripple XRP: $0.61, 24-hour change: -3.14 percent, 7-day change: -8.07 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Ripple-XRP.jpg)
![7. USD Coin: $1, 24-hour change: -0.03 percent, 7-day change: 0.03 percent 7. USD Coin: $1, 24-hour change: -0.03 percent, 7-day change: 0.03 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/USD-coin.jpg)
![8. Dogecoin: $0.1944, 24-hour change: -5.70 percent, 7-day change: -16.67 percent 8. Dogecoin: $0.1944, 24-hour change: -5.70 percent, 7-day change: -16.67 percent](https://images.cnbctv18.com/wp-content/uploads/2021/05/Dogecoin.jpg)
![9. Polkadot: $13.74, 24-hour change: -8.09 percent, 7-day change: -15.78 percent 9. Polkadot: $13.74, 24-hour change: -8.09 percent, 7-day change: -15.78 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Polkadot-2-2.jpg)
![10. Uniswap: $18.13, 24-hour change: -7.20 percent, 7-day change: -18.15 percent 10. Uniswap: $18.13, 24-hour change: -7.20 percent, 7-day change: -18.15 percent](https://images.cnbctv18.com/wp-content/uploads/2021/06/Uniswap-2.jpg)
Published : July 14, 2021 08:25 AM IST
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