Cryptocurrency Prices Today April 11: Bitcoin down, Polkadot biggest loser

moneycontrol.com:

Cryptocurrencies traded in the red early on April 11. The global crypto market cap is $1.93 trillion, a 2.86 percent decrease over the last day. The total crypto market volume over the last 24 hours is $64.24 billion, which makes a 15.79 percent increase.

The total volume in DeFi is currently $8.52 billion, 13.26 percent of the total crypto market 24-hour volume. The volume of all stablecoins is now $52.39 billion, which is 81.55 percent of the total crypto market 24-hour volume.

Bitcoin's price is currently Rs 33.41 lakh, with a dominance of 41.21 percent. This is a 0.26 percent increase over the day, as per CoinMarketCap data.

In the news is Bitcoin's brief drop below its 50-day moving average, with it sliding back further into the range in which it has traded this year. Bitcoin's drop below the key technical mark comes as rate concerns mount.

The largest cryptocurrency fell as low as $41,918 on Monday morning in Asia, retreating for the seventh day in the past eight days. Since peaking at just above $48,000 in late March, Bitcoin -- and other tokens -- have been dragged lower by concerns about tighter monetary policy. Even the buzz around last week’s Bitcoin 2022 conference in Miami wasn’t enough to reverse the trend.

Closer home, the official Twitter account of the University Grants Commission (UGC) India was hacked on Sunday, apparently by scammers claiming to be affiliated with the Azuki NFT project.

The Twitter handle @ugc_india currently has around 2,96,000 followers on the microblogging platform. On Sunday morning, many of these followers woke up to find the verified Twitter account of UGC India posting bizarre tweets.

The hackers changed the profile picture as well as the cover photo of the account to advertise