Cryptocurrency Prices Today: Markets recover slightly as Bitcoin, Ethereum trade in green
The global cryptocurrency market-capitalisation rose 2.45 percent over the last 24 hours to $1.72 trillion, while trading volumes were up about 4,34,773.31percent to $152.06 billion during the same period.
Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $22.34 billion, constituting around 14.69 percent of the 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $129.63 billion, around 85.25 percent of the same.
Bitcoin's market dominance rose 0.68 percent to 42.44 percent and the currency was trading at $38,550.47 on the morning of February 25.
In rupee terms, Bitcoin rose 3.72 percent to trade at Rs 30,27,948 while Ethereum rose 1.54 percent to Rs 2,06,644.1
Cardano was down 0.28 percent to Rs 67.89 and Avalanche rose 2.96 percent to Rs 6,040. Polkadot fell 0.16 percent to Rs 1,272.1 and Litecoin was down 2.36 percent to Rs 8,201.52 in the last 24 hours. Tether was down 0.47 percent to Rs 78.63
Memecoin SHIB fell 2.7 percent, while Dogecoin was down by 3.08 percent to trade at Rs 9.74. Terra (LUNA) rose 9.77 percent to Rs 5,120.2
The market cap of all cryptocurrencies has plunged by $200 billion following Russia’s invasion of Ukraine, a drop of over 12 percent over the last 24 hours.
The current market cap of all cryptocurrencies currently sits at approximately $1.72 trillion, down from a high of $1.77 trillion during the last 24 hours, according to CoinMarketCap. Many of the crypto industry’s largest, most established cryptocurrencies are also deep in the red.
Over half of the Bitcoin network's computing power comes from three countries: the U.S., Kazakhstan, and Russia. Now, the latter state is pursuing war with Ukraine, leaving crypto industry watchers
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