The global crypto market capitalization declined 0.02 percent to USD 2.24 trillion in the last 24 hours, but total trading volume increased by 34.91 percent to USD89.75 billion.
Stablecoins accounted for 54.87 percent of the trading volume at USD49.25 billion, while DeFi accounted for 37.65 percent at USD33.79 billion. Bitcoin's market share dropped 0.35 percent to 39.65 percent this morning. At the time of writing, it is worth USD46,977.36.
In terms of major cryptocurrencies, Bitcoin fell 0.45percent to Rs 37,34,460, while Ethereum gained 1.19 percent to Rs 3,01,747.2. Avalanche fell 2.22 percent to Rs 8,930, while Cardano increased 0.16 percent to Rs 107.91. Over the last 24 hours, Polkadot increased 4.54 percent to Rs 2,336.41, while Litecoin declined 0.2 percent to Rs 11,900.71. Tether gained 0.13 percent to Rs 79.52.
Memecoin SHIB fell 0.7 percent to Rs 13.715, while Dogecoin fell 0.23 percent to Rs 13.715. Terra (LUNA) lost 1.13 percent of its value to Rs 7,178.31.
Non-fungible Tokens (NFTs) are being taken seriously by Indian cryptocurrency exchanges. At least a half-dozen crypto platforms are considering entering the NFT market, presuming that it will not be banned because NFTs hold an underlying asset that is traded in digital form. NFT-supporting cryptocurrency exchanges have risen by 40-50 percent month over month, albeit on a lesser scale.
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