Cryptocurrency price today: Bitcoin, Cardano fall while Ethereum surge marginally

New Delhi: The global cryptocurrency market capitalisation surged 0.08% to stand at $1.99 trillion over the last 24 hours while trading volume declined 8.29% to $69.62 million. The decentralised finance (DeFi) accounted for 13.34% of the 24-hour cryptocurrency trading volume at $9.29 billion while stablecoins constituted 80.55% of the same at $56.08 billion.

On Thursday morning, Bitcoin was trading at $44,039.12 with its dominance falling by 0.03% to 41.97%. In terms of rupees, Bitcoin is trading at Rs 34,26,961. On the other hand, Ethereum rose 0.17% to Rs 2,45,505.3.

Other major cryptocurrencies including Cardano fell 0.46% to Rs 85.16 and Avalanche rose 4.56% to Rs 7,644.04. Polkadot and Litecoin suffered 0.11% and 1.58% to Rs 1,547.43 and Rs 9,932.51 respectively over the last 24 hours. Tether was down by 0.1% to Rs 77.98.

Memecoin SHIB increased 1.46% while Dogecoin was down by 0.45% to Rs 11.65. Terra (LUNA) surged 0.24% to Rs 4,385.31.

According to new Chainalysis data 4,068 “criminal whales” acquire $25 billion worth of cryptocurrency. The firm explains criminal crypto whales as any private wallet that holds $1 million or more of cryptocurrency and has received 10% or more of those funds through illicit addresses.

The data has been released in the preview of Chainalysis’ upcoming 2022 Crypto Crime Report and draws similar, recent reports on ransomware, NFT fraud, money laundering, and malware. Besides, $11 billion registered in illicit balances at the end of 2021, following scams at $192 million, fraud shops at $66 million, and ransomware at $30 million, as per the report.

After including Bitcoin in its Tips feature, Twitter is extending out to Ethereum addresses. “As of today, global Twitter users can add Ethereum Address to their Tips,” said a company spokesperson. “We’ve continued adding to our list of payment providers to ensure that Tips offers options for as many people as possible, no matter where you are.”