Cryptocurrency Prices Surge Today as Bitcoin, Ether, Dogecoin Gain, Check Out Latest Prices Here
The global cryptocurrency market capitalisation rose 1.75 percent over the last 24 hours to $1.95 trillion. Trading volumes fell marginally by 1.95 percent to $98.24 billion during this period.
The total volume in the decentralised finance (DeFi) space stood at $14.21 billion, around 14.46 percent of the aggregate 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $82.10 billion, 83.57 percent of the 24-hour cryptocurrency trading volume.
Bitcoin’s market dominance dipped by 0.18 percent to 41.75 percent and the largest currency in the crypto space was trading at $42,916.31 on the morning of March 25.
In rupee terms, Bitcoin jumped 0.56 percent to trade at Rs 33,09,098.15 while Ethereum rose 1.40 percent to Rs 2,34,244.16
Cardano was up 12.07 percent to trade at Rs 84.48 and Avalanche fell 1.96 percent to Rs 6,480. Polkadot was up 1.16 percent to Rs 1,618.61 and Litecoin rose by about 0.42 percent to Rs 9,406.70 in the last 24 hours. Tether dipped by 0.89 percent to Rs 77.25.
Memecoin SHIB was up 3.61 percent trading at Rs 0.0018 while Dogecoin rose 9.99 percent to Rs 10.51. Terra (LUNA) rose 0.96 percent to Rs 7,350.40 while Algorand (ALGO) jumped 1.56 percent to Rs 64.11. SAND, the native token of the Sandbox metaverse ecosystem, was up 4.9 percent over the last 24 hours at Rs 262.
CLICK HERE TO: DOWNLOAD OUR MOBILE APPLICATION FOR LATEST UPDATES ON YOUR MOBILE PHONE
Meanwhile, the US Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stable-coins present risks to the U.S. financial system and will require new rules to protect consumers, according to AP report.
Powell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central bankers, also said that new technologies will likely make electronic payments cheaper and faster. But they could also destabilize existing financial institutions, he said.
In his remarks, Powell outlined several risks that stem from the growth of digital finance, including to consumers and the broader financial system. The Fed is also trying to figure out how digital assets like Bitcoin might impact financial markets, particularly during downturns or market crashes.
Powell also noted that crypto assets have been used for “illicit activity,” such as money laundering, and “we need to prevent this so that the innovations that do survive and do attract broad adoption are those that provide value over time” for legal uses.
Powell said the Fed has “long supported responsible innovation,” though he added that it is difficult to tell which innovations “will have lasting effects and those that will turn out mostly to be hype.” “And it’s never possible in real time to be sure which is which,” he said.
As of 9:30 am, these were the prices of various cryptocurrencies in the Indian market (Data from WazirX)
| CRYPTOCURRENCY | PRICE (IN RS) | 24-HOUR CHANGE (IN PERCENT) |
| Bitcoin | 33,09,098.15 | +0.56 |
| Ethereum | 2,34,244.16 | +1.40 |
| Cardano | 84.48 | +12.07 |
| Tether | 77.25 | -0.89 |
| Solana | 7,315.95 | +4.09 |
| Avalanche | 6,480 | -1.96 |
| Litecoin | 9,406.70 | +0.42 |
| XRP | 64.25 | -0.61 |
| Axie | 4,680.54 | +17.47 |
(With inputs from agencies)