Cryptocurrency Prices Today: Markets bounce back as Bitcoin, Ethereum trade in green
The global cryptocurrency market capitalisation rose 10.92 percent over the last 24 hours to $1.90 trillion, while trading volumes jumped 33.62 percent to $108.99 billion during the same period.
Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $17.05 billion, constituting around 15.65 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $90.04 billion, around 82.62 percent of the 24-hour cryptocurrency trading volume.
Bitcoin's market dominance rose 1.07 percent to 42.99 percent and the currency was trading at $43,062.01 on the morning of February 28.
In rupee terms, Bitcoin rose 11.19 percent to trade at Rs 33,29,547 while Ethereum increased 8.39 percent to Rs 2,24,599.8
Cardano was up 7.32 percent to Rs 74.69 and Avalanche rose 14.26 percent to Rs 6,700.78. Polkadot rose 4.37 percent to Rs 1,442.11 and Litecoin was up 6.02 percent to Rs 8,680.01 in the last 24 hours. Tether was down 2.07 percent to Rs 77.47.
Memecoin SHIB rose 6.35 percent while Dogecoin was up by 4.77 percent to trade at Rs 10.24. Terra (LUNA) rose 20.89 percent to Rs 6,830.32
In other news, Coinbase "will not institute a blanket ban on all Coinbase transactions involving Russian addresses", despite a request from a Ukrainian government official to do so.
Notably, Ukraine has raked in $20 million in Bitcoin donations earmarked for military support since being invaded by Russian forces. Over the weekend, Ukraine's country's vice prime minister and minister of digital transformation, Mykhailo Fedorov, publicly appealed to "all major crypto exchanges to block addresses of Russian users".
Coinbase joins a list of other cryptocurrency exchanges that have declined to accept the
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