Cryptocurrency Prices Today: Bitcoin, Ethereum decline as Russia-Ukraine war intensifies
The global cryptocurrency market capitalisation fell 5.21 percent over the last 24 hours to $1.83 trillion while trading volumes declined 10.69 percent to $85.22 billion during the period.
Over the last 24 hours, total volume in the decentralised finance (DeFi) space stood at $14.55 billion, around 17.08 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $71.87 billion, around 84.33 percent of the 24-hour cryptocurrency trading volume.
Global cryptocurrency markets plunged again as Russia intensified its attack on Ukraine, capturing the southern Ukrainian city of Kherson and ramping up offensive on Kyiv and Kharkiv.
Bitcoin's market dominance fell 0.11 percent to 43.06 percent and the currency was trading at $41,430.77 on the morning of March 4.
In rupee terms, Bitcoin declined 5.19 percent to trade at Rs 32,65,396 while Ethereum fell 7.04 percent to Rs 2,15,643.5.
Cardano was down 5.3 percent to Rs 69.84 and Avalanche fell 6.6 percent to Rs 6,113.1. Polkadot was down 5.4 percent to Rs 1,373.99 and Litecoin fell 2.25 percent to Rs 8,489.89 in the last 24 hours. Tether was up 0.39 percent to Rs 78.92.
Memecoin SHIB fell 5.21 percent while Dogecoin was down by 4.65 percent to trade at Rs 9.93. Terra (LUNA) fell 1.98 percent to Rs 7,133.99
In other news, the Ukrainian crypto crowdfunding efforts have now racked up $50.9 million, per figures published by blockchain analytics platform Elliptic. “The Ukrainian government—and an NGO providing support to the military—have raised $50.9 million, through more than 89,000 crypto asset donations since the start of the Russian invasion,” Elliptic wrote in a blog post.
Ukraine’s crypto crowdfunding push began on February 26, when the Ukrainian
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