New Delhi: The cryptocurrencies are trading in the green on Tuesday. The global crypto market capitalisation is valued at $2.37 trillion, surging 4.46% over the last day. The total cryptocurrency trading volume was $137.77 billion, rising by 14.03% over the last 24-hour.
DeFi priced at $20.16 billion, accounted for 14.63% of the total crypto volume while stable coins amounted to $109.13 billion marked for 79.21% of the crypto market’s 24-hour market volume.
Currently, Bitcoin is trading at $50,785.67, underwent a fall in its market dominance by around 0.22% over the 24-hour to stand at 40.51 percent.
Apart from Bitcoin that surged marginally by 3.38%, Ethereum ($4,336.46) increased by 4.33%. Binance Coin ($589.70) also surged by 7.71%. Additionally, Solana ($195.28) rose by 1.21%, Cardano ($1.44) rose by 5.57%, Avalanche ($93.38) substantially increased by 11.42%,whereas Polkadot ($28.10) rose by 3.16% and Litecoin ($159.95) also increased by 3.56% over the last 24-hour.
Memecoins like Shiba Inu increased by 6.04% while Dogecoin also surged by 4.98%.
Moreover, Bitcoin is at present trading at Rs 40,27,909.
Notably, the outright cryptocurrency ban in India is unlikely to happen and the officials are planning on regulating cryptocurrencies in the country. Amidst all this news, Kotak became the first major bank to open its venture for the crypto community, resuming its business with WazirX after almost 8 months of transaction freeze.
The ProShares Bitcoin Strategy ETF started trading on the New York Stock Exchange with extended participation from the Wall Street investors, which marked the official launch of Bitcoin futures exchange-traded fund (ETF) in the U.S. Reportedly, on the first day of trading the ETF reached a record $1 billion in trading volumes.