Cryptocurrency Prices Today: Bitcoin, Ethereum dip marginally as Tether, Cardano inch upwards
The global cryptocurrency market capitalisation fell 1.35 percent over the last 24 hours to $1.72 trillion, while trading volumes jumped 19.71 percent to $81.67 billion during the same period.
Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $12.59 billion, constituting around 15.42 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $66.78 billion, around 81.77 percent of the 24-hour cryptocurrency trading volume.
Bitcoin's market dominance rose 0.00 percent to 41.87 percent and the currency was trading at $37,950.46 on the morning of February 28.
In rupee terms, Bitcoin fell 0.44 percent to trade at Rs 30,15,386 while Ethereum fell 1.46 percent to Rs 2,09,457.1.
Cardano was up 2.27 percent to Rs 69.29 and Avalanche fell 5.26 percent to Rs 5,880.01. Polkadotrose 0.22 percent to Rs 1,388.16 and Litecoin was down 0.91 percent to Rs 8,195.06 in the last 24 hours. Tether was up 0.61 percent to Rs 79.16.
Satish Kumbhani, Indian founder of BitConnect, indicted by US in $2.4 billion crypto fraud case
Memecoin SHIB fell 0.64 percent while Dogecoin was down by 0.29 percent to trade at Rs 9.7. Terra (LUNA) fell 1.87 percent to Rs 5,794.7
A decentralized autonomous organization (DAO) has been formed to raise money for Ukrainian soldiers facing down the Russian army. UkraineDAO, a fundraising effort coordinated by members of the investment group PleasrDAO, the NFT studio Trippy Labs, and the Russian art collective Pussy Riot, has already raised over $3 million in Ethereum-based tokens.
Ukraine is accepting cryptocurrency as donations while war with Russia continues
The project is taking cues from other politically-minded fundraiser DAOs, like AssangeDAO
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