The global cryptocurrency market capitalisation fell 0.65 percent over the last 24 hours to $1.92 trillion, while trading volumes fell 9.97 percent to $94.83 billion during the same period.

Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $17.29 billion, constituting around 18.23 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $79.08 billion, around 83.39 percent of the 24-hour cryptocurrency trading volume.

Bitcoin's market dominance fell 0.06 percent to 43.24 percent and the currency was trading at $43,691.16 on the morning of March 3, 2022.

In rupee terms, Bitcoin rose 0.37 percent to trade at Rs 34,47,053 while Ethereum increased 1.06 percent to Rs 2,30,658.3

Cardano was down 1.42 percent to Rs 73.25 and Avalanche dipped 3.61 percent to Rs 6,484.11. Polkadot was down 1.01 percent to Rs 1,438.6 and Litecoin was down 0.35 percent to Rs 8,685.95 in the last 24 hours. Tether was up 1.07 percent to Rs 78.71

Memecoin SHIB fell 0.68 percent while Dogecoin was up by 0.55 percent to trade at Rs 10.39. Terra (LUNA) rose 1.94 percent to Rs 7,277.28

In response to a letter from four Senate Democrats, namely Elizabeth Warren, Mark Warner, Jack Reed, and Banking Committee Chair Sherrod Brown raising concerns about cryptocurrencies' potential use by Russia to avoid sanctions, Treasury Secretary Janet Yellen has said that the U.S. will monitor the situation.

The letter detailed how "strong enforcement of sanctions compliance in the cryptocurrency industry is critical given that digital asset, which allow entities to bypass the traditional financial system, may increasingly be used as a tool for sanctions evasion."

“We will continue to look at how the