Cryptocurrency price today: Market trading in red; Bitcoin, Ethereum fall

New Delhi: The global cryptocurrency market capitalisation suffered 1.49% to stand at $2.21 trillion over the last 24 hours. Besides, cryptocurrencies such as Bitcoin and Ethereum are trading in the red on Tuesday. The total cryptocurrency market volume was at $88.49 billion, experiencing a 1.41% decline.

Currently, DeFi volume is amounting to $21.82 billion, which is 24.66% of the total 24-hour volume of the crypto market. The volume of all stablecoins is standing at $63.83 billion, which is 72.14% of the total.

Bitcoin’s price underwent a downfall of 1.14% at Rs 36.88 lakh. The world’s largest cryptocurrency is witnessing a dominance of 36.60% of the market and a decrease of 0.05% over the day. Meanwhile, Ethereum also dipped by 1.29% to Rs 2,97,645.

Yosuke Matsuda, the president of Square Enix, a Japanese entertainment company said in a recent development that he witnesses that NFTs are playing a major role in the gaming industry while rationalising costs as their use grows. Matsuda, in an open letter to fans, talked about the trends of 2021 and jotted down a roadmap of where the gaming giant wished to go in 2022 and called 2021 “Metaverse: Year One” and “NFTs: Year One”.

LTD.INC, a curated platform that collaborates with iconic artists, creators and brands to launch rare physical and digital NFT collections, informed about the launch of the upcoming Web3 platform and mobile application. The platform will allow collectors to ‘Invest In Culture’ along with having verifiable ownership of highly sought-after digital collectibles linked to real-world products and experiences.

Meanwhile, Samsung introduced NFT marketplaces in the lineup of smart TVs for 2022 with the consumer electronics company looking forward to cashing in on the fast-growing popularity of the assets that use blockchain to register the ownership of digital items.

“In 2022, Samsung is introducing the world’s first TV screen-based NFT explorer and marketplace aggregator, a groundbreaking platform that lets you browse, purchase, and display your favourite art — all in one place,” the South Korean company said.