The worldwide cryptocurrency market capitalization increased by 0.08 percent to USD1.99 trillion in the last 24 hours, but trading volumes fell by 8.29 percent to USD69.62 billion. Investor morale remained gloomy on Thursday as the crypto market traded with small adjustments, owing to ongoing geopolitical tensions and the release of the Fed meeting minutes.
Stablecoins accounted for 80.55 percent of the 24-hour cryptocurrency trading volume, or USD56.08 billion, while decentralised finance (DeFi) contributed for 13.34 percent, or USD9.29 billion. Avalanche was up 4.56 percent to Rs 7,644.04. Cardano was down 0.46 percent to Rs 85.16. In the last 24 hours, Polkadot declined 0.11 percent to Rs 1,547.43 while Litecoin fell 1.58 percent to Rs 9,932.51. Tether was trading at Rs 77.98, down 0.1 percent.
During early trade, six of the top ten digital tokens were in the red, indicating the crypto cart was trading mixed. Avalanche, which gained more than 4 percent, was followed by Shiba Inu, which increased by 2 percent. Solana lost nearly 2 percent, while BNB and Dogecoin both lost 1 percent.
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