Bitcoin goes up today along with some other currencies. The global cryptocurrency market capitalisation rose 1.45 percent over the last 24 hours to $1.71 trillion while the trading volume over the same period fell by 7.81 percent to $79.382 billion.
While decentralised finance (DeFi) accounted for 0.01 percent of the 24-hour cryptocurrency trading volume at $9.84 billion, stablecoins made up 99.99 percent at $79.82 billion. Bitcoin’s market dominance dipped 0.24 percent to 41.65 percent and was trading at $37,527.19 today.
In rupee terms, Bitcoin rose 1.21 percent to trade at Rs 28,13,084.64 while Ethereum increased 3.38 percent to Rs 1,91,287.70.
Cardano rose 2.1 percent to Rs 79.23 and Avalanche rose 2.52 percent to Rs 5,255.36. Polkadot rose 2.18 percent to Rs 1,387.53 and Litecoin rose 1.76 percent to Rs 8,203.67 over the last 24 hours. Tether rose 0.06 percent to Rs 75.04.
Memecoin SHIB increased 2.91 percent while Dogecoin rose 1.66 percent to trade at Rs 10.69. Terra (LUNA) also rose by 3.40 percent to Rs 3,824.55.
OpenSea has now reimbursed 750 Ethereum or about $1.8 million, to users who accidentally sold valuable NFTs at well below their going market rate through an exploit involving “inactive listings.”
This comes in the wake of several users of the leading NFT marketplace complaining that their blue-chip NFTs, such as those belonging to the Bored Ape Yacht Club (BAYC) collection, had been purchased at old, cheap listing prices. These listings were never cancelled on the blockchain, even though the user interface on OpenSea suggested that they had been,
which led to the subsequent value exploit.
Payment giant Visa stated that its customers made $2.5 billion in payments using its crypto-linked cards during the first fiscal quarter of 2022. This is over 70% of all crypto-card volume throughout fiscal 2021, signalling increased adoption of digital asset payments.
Visa CFO Vasant Prabhu expressed optimism over the development in an interview with CNBC. “To us, this signals that consumers see the utility in having a Visa card linked to an account at a crypto platform,” he said, citing an instant and seamless ability to manage purchases and fund payments.
Crypto exchange Crypto.com has teamed up with the Lebron James Family Foundation to bring Web3 education to the star athlete’s hometown of Akron, Ohio. The multi-year deal, the terms of which were not disclosed, means that Crypto.com will not only financially support the foundation’s I PROMISE program, it will also develop Web3-specific content for students who want to get a head start on the nascent blockchain industry.
A rise or fall is just a question of which side of demand and supply is heavier and nothing to be alarmed about,” it added. “Many people consider Bitcoin to be a hedge against inflation because of its restricted supply, which is claimed to provide an advantage over currencies whose supply may constantly be increased.”
The global cryptocurrency market capitalisation rose 2.65 per cent over the last 24 hours to $1.66 trillion while the trading volume over the same period fell drastically by 99.91 per cent to $79.04 billion.
While decentralised finance (DeFi) accounted for 14.28 per cent of the 24-hour cryptocurrency trading volume at $11.29 billion, stablecoins made up 81.84 per cent at $64.68 billion. Bitcoin’s market dominance surged 0.01 per cent to 42.07 per cent and was trading at $36,837.91 today morning.
Reddit, the popular online discussion platform valued at $10 billion, is testing a feature that would allow its users to connect any non-fungible token (NFT) they own to their profile picture.
In nutshell The cryptocurrancy will have the same volatility by being in such circumstance all we need to see the whales’ move on bitcoin and grab the opportunity.