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The majority of cryptocurrencies traded in the green on Monday, with bitcoin Less than $39,500. The world’s largest virtual currency, by market cap, was up 2.07% to $39,256.78 at 2:00 PM, according to CoinMarketCap.
The market capitalization of bitcoin is $739.7 billion, while the trade volume is just over $20 billion. The Cryptocurrency It has lost nearly 7 percent in the past seven days. Bitcoin has seen a volatile trend over the past year – the virtual currency has fluctuated between a high of $69,000 and a low of $33,000.
Ether, the world’s second largest cryptocurrency tied to the Ethereum blockchain, was trading flat at $2,741.59. However, the virtual currency has fallen by nearly 5 percent over the past seven days.
Other cryptocurrencies such as Litcoin, XRP, Chainlink, Cardano, Polygon, Stellar, Internet Computer, Avalanche, and Terra have been trading in positive territory over the past 24 hours.
Idol Patel, CEO and Co-Founder, Mudrex said: “The market has been witnessing significant selling pressure since the last month. This situation may be due to the ongoing tension between Russia and Ukraine along with inflation. The downtrend is likely to continue for a few more days. Next week will be crucial for the entire crypto spectrum.”
Kristalina Georgieva, managing director of the International Monetary Fund, said last week that unbacked cryptocurrencies would be no match for wisely designed central bank digital currencies (CBDCs).
Meanwhile, making a strong case for banning cryptocurrencies, Deputy Governor of the Reserve Bank of India T. Rabi Sankar said that they are worse than Ponzi schemes and threaten the financial sovereignty of any country.
L’Oreal is seeking trademarks for “digital media, i.e. collectibles, art, tokens, and non-fungible tokens (NFTs); NFTs feature digital items, images, photographs, artwork, videos, or audio collectibles used with blockchain technology.” .”
The filings also include applications for the trademark “Cosmetics and cosmetics to be sold for virtual avatars” and “Retail store services and online store services in respect of virtual goods, which are cosmetics, cosmetics, cosmetic brushes, and makeup brushes.”
Notably, NFT collectors have been losing NFTs and Ethereum from wallets on the OpenSea NFT platform. The platform has now confirmed that what happened was a phishing attack, with more than $1.7 million in assets transferred to the malicious wallet, now named Fake_Phishing5169.
OpenSea says it is “actively investigating rumors of exploits” that occurred on the popular Ethereum NFT market on Saturday. Users have reported that digital assets, including NFTs from the Cool Cats and Doodle collections, have been stolen.
Here are the top 10 cryptocurrencies and their prices on February 21, 2022 (data from coinmarketcap.com at the time of publication of this article)
Bitcoin $39,256.78, or up 2.07 percent over the past 24 hours
Ethereum $2,741.59 or 4.15 percent gain in the last 24 hours
Cardano $0.9728, or 4.07 percent, over the past 24 hours
Link a gain of $1.00 or 0.00 percent in the last 24 hours
Terra $51.89, or 8.93 percent, gain in the last 24 hours
XRP $0.7933, or 1.09 percent, over the past 24 hours
Solana $95.08, or 10.34 percent loss, over the past 24 hours
An avalanche of $84.63, or a 4.59 percent loss, over the past 24 hours
Binance $1.00 or 0.04 percent gain in the last 24 hours
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