Early on March 2, cryptocurrencies were trading in the green. According to CoinMarketCap, the worldwide crypto market cap is USD1.93 trillion, up 1.10 percent from the previous day. The overall crypto market volume over the last 24 hours has decreased by 4.05 percent to USD104.67 billion.

The entire volume in DeFi is currently USD17.55 billion, accounting for 16.77 percent of the overall 24-hour volume in the crypto market. The overall volume of all stable coins is now USD87.52 billion, accounting for 83.62 percent of the total 24-hour volume of the crypto market.

Bitcoin's current price is Rs 34.33 lakh, giving it a 43.30 percent market share over other cryptocurrencies. This represents a 0.35 percent increase from the previous day.

The volume of trading between the Russian rouble and the Tether cryptocurrency increased dramatically on Monday, showing that Russians are becoming more interested in crypto after the impact of Western sanctions on the local currency.

Regulators have yet to figure out how to best govern cryptocurrencies, particularly so-called "stablecoins," which claim to be tied to the dollar and other fiat currencies by their inventors. In a report last year, the US Treasury Department raised the issue with Congress.

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