Cryptocurrency news today: Bitcoin, Cardano plunge while Ethereum witness surge
On Monday morning, Bitcoin was trading at $38,895.16 with the market dominance falling by 0.85% to 41.31%.
The global cryptocurrency market capitalisation increased by 12.73% to stand at $2.02 trillion over the last 24 hours and the trading volume was up by about 48.54% to $81.32 billion. The decentralised finance (DeFi) accounted for 11.87% of the 24-hour cryptocurrency trading volume at $9.65 billion while stablecoins constituted 78.06% of the same at $63.47 billion.
On Monday morning, Bitcoin was trading at $38,895.16 with the market dominance falling by 0.85% to 41.31%. The world’s largest cryptocurrency fell by 2.31% to trade at the concerned price. Ethereum on the other hand, increased 0.01% to trade at $2,713.55.
Other major cryptocurrencies including Cardano and Avalanche fell by 1.14% and 4.05% to trade at $0.9611 and $80.21 respectively. Over the 24 hours, Polkadot fell by 0.64% to $17.08 and Litecoin was down 0.53% to $113.19. Tether was down 0% to $1.
Memecoin SHIB surged 1.35% while Dogecoin increased by 0.21% to trade at $0.13. Terra (LUNA) jumped 1.47% to $50.39.
Meanwhile, L’Oreal is seeking trademarks for “digital media, namely, collectibles, art, tokens, and non-fungible tokens (NFTs); NFTs featuring collectible digital items, images, photographs, art, videos or audio recordings used with blockchain technology.”
The filling also involves requests to trademark “cosmetics and makeup preparations to be sold for virtual avatars” and “retail store services and online store services in relation to virtual goods, namely, cosmetics, makeup preparations, cosmetic brushes, and makeup brushes.”
The NFT collectors had been losing NFTs and Ethereum from the NFT platform OpenSea’s wallet. The platform confirmed that what happened was a phishing attack, which witnessed more than $1.7 million assets shifted to the malicious wallet, which is now titled Fake_Phishing5169.
OpenSea states that now it is “actively investigating rumors of an exploit” that happened on the renowned Ethereum NFT marketplace on Saturday. According to the users, NFTs from the Cool Cats and Doodle collections had been stolen.