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The Cryptocurrency The market has been going through highs and lows lately. Overall crypto market Trading volume over the past 24 hours decreased by 22.79 percent to $69.25 billion on Sunday. The current Bitcoin dominance is 42.29 percent, which is the same as the previous day.
The world’s most popular cryptocurrency is up just 1 percent at $42,390.92, according to coinmarketcap.com Bitcoin is down about 6 percent in 2022 (year-to-date) so far. bitcoin It is down 35 percent since peaking at roughly $69,000 in November last year as risk aversion builds as the Fed and other global central banks begin to tighten financial conditions and remove pandemic-era liquidity from the system.
On the other hand, Ether, the currency linked to the Ethereum blockchain and the second largest cryptocurrency by market capitalization, fell 0.36% to $2,924.22. Similarly, Binance Coin stock fell about 2 percent to $413.
DeFi volume is currently trading at $9.56 billion, with 13.84 percent of the total 24-hour trading volume in the crypto market. Besides, the total volume of stablecoins is $55.84 billion, which is 80.63 percent of the total cryptocurrency market volume over a 24-hour period.
The volatility traditionally associated with cryptocurrencies has been on full display in recent weeks. Bitcoin, the largest cryptocurrency, is up about 33 percent since January 24, bouncing back from the crash that halved its price from its November high. Its main competitor, Ethereum, is up about 45 percent since January 24, after dropping nearly 56 percent from its record high of $4,868, also in November.
On Saturday, Union Minister Bhagwat Karad said that cryptocurrencies are currently illegal in the country and nothing can be said about what will happen in the sector in the future. It is noteworthy that the Reserve Bank of India and the Union Government have not given any kind of thumbs down to cryptocurrencies and thus cannot be considered legal, said Bhagwat Karad.
A Florida woman bought a five-bedroom, three-and-a-half-bathroom home near Tampa, in an online auction Thursday using non-fungible tokens, or NFTs. “We really feel like we made history, both for the real estate industry and for the crypto community,” said Natalya Karayaneva, CEO and founder of Propy, which managed the online auction and transaction. The price was 210 ether, equivalent to $653,000, at the time of the sale.
Here are the top 10 cryptocurrencies and their prices on February 11, 2022 (data from coinmarketcap.com at the time of publication of this article)
Bitcoin $42,390.92 or up 0.71% in the last 24 hours
Ethereum $2,924.22 or 0.36 Percent Gain in the Last 24 Hours
Cardano gained $1.06, or 0.02 percent, in the past 24 hours
Link a gain of $1.00 or 0.00 percent in the last 24 hours
Terra $53.44 or 5.35 percent gain in the last 24 hours
XRP $0.8224 or 8.76 percent gain in the last 24 hours
Solana $96.37 or 1.28 percent gain in the last 24 hours
Avalanche $81.59 or 4.24 percent loss over the past 24 hours
Binance $1.00, or a loss of 0.04 percent, over the past 24 hours
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