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- Published: February 27, 2022 09:59
New Delhi: The global cryptocurrency market cap tanked 2.6 per cent to $1.83 trillion in the past 24 hours on Sunday, amid the Ukraine-Russia crisis.
The total cryptocurrency trading volume was recorded at 67.8 in the last 24 hours. It was yesterday at $94.9 Billion, according to CoinGecko. The market dominance of Bitcoin is still at the top among all the crypto coins in the market.
The market dominance of Bitcoin is at 40.1% and Ethereum is at 17.8%, respectively. The company is now tracking 12,869 cryptocurrencies to decide the trading volume of digital currencies.
Bitcoin and Ethereum price
Bitcoin registered a fall of 1.9 per cent in the last 24 hours. It is currently trading at $38,693.02. Ethereum fell by 1.7 per cent from $2800.98 in the past 24 hours to trade at $2,725.57 in the past 24 hours on Sunday.
If we look at the price of cryptocurrencies in terms of the rupee, Bitcoin declined by 1.55 per cent to reach Rs 30,56,946. Ethereum went down by 2.31 per cent from Rs 2,20,188 to trade at Rs 2,14,613.
Know about prices of other cryptocurrencies in Rupee:
Cryptocurrency Today’s price Yesterday’s price UP/Down(approx in last 24 hours)
XRP 57.87 60.63 -5.05%
Cardano (ADA) 68.11 72.35 -5.61%
Avalanche (AVAX) 6194.953 6394.33 -2.36%
Litecoin (LTC) 8,339.99 8685.06 -5%
Axie (AXS) 3818.02 4074.98 -5.72%
Solana 6873.28 7304.01 -5.97%
Shiba Inu (SHIB) 0.001883 0.001916 -5.34%
DOGE 9.8425 10.003 -3%
On the other hand, Tether registered a jump of 0.06% to trade at Rs 78.84 compared to yesterday’s price of Rs 78.64.
However, it is important to note that Finance Secretary TV Somanathan earlier said the cryptocurrency would never be a legal tender in India. RBI governor Shaktikanta Das has also said it is a danger to the financial stability of India.
RBI Digital Rupee will be launched in the year 2022-23. We can’t predict a timeline for its release yet. There’ll be no difference between Digital Rupee & the normal rupee. Cryptocurrency is privately created & it is a threat to financial stability: RBI Governor Shaktikanta Das pic.twitter.com/sTFrsvl8j1
— ANI (@ANI) February 10, 2022
Das confirmed on February 10 that RBI will launch its own digital rupee or digital currency by the year 2022-23.
He further added that it will be a digital version of Indian currency.