The global crypto market capitalization fell 0.02 percent over the last 24 hours to $ 2.24 trillion while the total trading volume rose substantially by 34.91 percent to $89.75billion.
While DeFi accounted for 37.65 percent of the trading volume at $33.79 billion, stable coins made up 54.87 percent at $49.25 billion. The market dominance of Bitcoin tumbled 0.35 percent to 39.65 percent today morning. It is currently trading at $46,977.36.
As for major cryptocurrencies, Bitcoin dipped 0.45 percent to trade at Rs 37,34,460 while Ethereum rose 1.19 percent to Rs 3,01,747.2. Cardano rose 0.16 percent to Rs 107.91 and Avalanche tumbled 2.22 percent to Rs 8,930. Polkadot rose 4.54 percent to Rs 2,336.41 and Litecoin fell 0.2 percent at Rs 11,900.71 over the last 24 hours. Tether rose 0.13 percent to trade at Rs 79.52
Memecoin SHIB dipped 0.7 percent while Dogecoin decreased 0.23 percent to trade at Rs 13.715. Terra (LUNA) dipped around 1.13 percent to Rs 7,178.31
Indian cryptocurrency exchanges are taking Non-Fungible Tokens (NFTs) seriously. At least half a dozen crypto platforms are foraying into the NFT space, assuming that it would not be outlawed as NFTs hold an underlying asset that is traded in digital form. Cryptocurrency exchanges that offer NFTs have grown 40-50% month on month, albeit on a smaller base.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated feed)
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