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- Published: March 22, 2022 12:52
New Delhi: The global cryptocurrency market capitalisation surged 0.53% to stand at $1.87 trillion over the last 24 hours while the trading volumes also jumped by 13.96% to $89.28 billion during this period.
The total volume in the decentralised finance (DeFi) space remained at $13.39 billion, with nearly 15% of the aggregate 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $74.90 billion with 83.90% of the 24-hour trading volume.
On Tuesday morning, the world’s largest cryptocurrency, Bitcoin was trading at $41,086.15, just above the $40,000-mark, with dominance marginally down by 0.41% to 41.75%. In terms of rupees, Bitcoin dipped by 0.69% to trade at Rs 32,17,584 while Ethereum rose 1.11% to Rs 2,27,244.9.
Apart from these, other major cryptocurrencies such as Cardano increased by 2.9% to trade at Rs 71.11 while Avalanche also jumped by 2.74% to Rs 6,764.23. Over the last 24 hours, Polkadot was up by 0.64% to Rs 1,471.64 and Litecoin also surged by about 1.59% to Rs 9,153.36. Tether dipped by 0.04% to trade at Rs 78.28.
Memecoin SHIB was up by 1.23%, trading at Rs 0.0018 while Dogecoin fell by 0.24% to trade at Rs 9.36. On the other hand, Terra (LUNA) increased by 2.91% to Rs 7,375.15, while Algorand (ALGO) jumped almost 8.82% to Rs 63.32.
Meanwhile, Goldman Sachs became the first major US bank to have made an over-the-counter (OTC) cryptocurrency transaction. Besides, the Wall Street giant introduced an OTC Bitcoin non-delivery option (NDO) from Galaxy Digital which is a New York-based cryptocurrency investment firm, run by billionaire Mike Novogratz.
This means that Goldman Sachs bought a contract betting on the future price of Bitcoin instead of buying the digital asset itself.