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- Published: January 29, 2022 18:47
New Delhi: In the latest development in the global cryptocurrency market, it has been reported that the market capitalisation of cryptocurrency reached $1.70 trillion with an increase of 3.07% over the last 24 hours. However, the trading volume or the number of shares traded within the same period registered the downfall of 7.83%, settling at $81.35 billion.
The market dominance of Bitcoin was recorded at 41.80% after registering a dip of 0.31%. In the morning, it was trading at $37,614.26. In rupee terms, Bitcoin brings good news as it rose 0.60% to trade at Rs 29,97,340.
Know about other cryptocurrencies:
Ethereum registered highest jump of 3.64% to reach Rs 2,02,994 in the past 24 hours, followed by Avalanche (2.52%), Litecoin (1.23%), Bitcoin (0.60%), Cardano (0.43%), and Solana (0.29%).
Shiba Inu or Memecoin SHIB, started off as a meme coin around August 2020, increased by 1.31%.
On the other hand, Axie plunged by 1.15% and settled at Rs 3,779.95 in the last 24 hours. This is followed by Tether (0.79%), and XRP (0.47%).
Dogecoin, which is famous for its logo, also fell by 0.40% to trade at Rs 11.33. Terra (LUNA), a less famous cryptocurrency fell by 6.95% to Rs 4,103.
Visa shared good news
As the demand for cryptocurrency is going up in the world, payment giant Visa said its customers made $2.5 billion in payments using its crypto-linked cards. It added that the data is for the first fiscal quarter of 2022. It also accounted for 70% of all crypto-card volume throughout fiscal 2021.
Visa CFO Vasant Prabhu said that we have registered favourable transactions because we are providing instant and seamless ability to manage purchases and fund payments.