While analyzing the biggest investment market, the cryptocurrency market is rapidly dropping down and it appears that the market will probably show a huge deep in the market. Not only the market but the topmost crypto coins of the market, Bitcoin and Ethereum are trading in the red line, according to the recent details of Coinmarketcap. Let us tell you some important and genuine details of the market. The global crypto market capitalization is $1.99 trillion which has been decreased by 0.13% in the last 24 hours. It seems that the market started to drop down in the last two days.
Now, the total crypto market volume has been reported $87.62 billion which has been decreased by 19.61% in the last 24 hours. Along with this, the total volume in DeFi is currently reported at $10.50 billion and the total crypto market is about 11.98% of the total crypto market 24-hours volume. On the other side, the volume of all the stable coins is now reported as $69.42 billion which is 79.23% of the total crypto market 24-hour volume. Due to this, many investors are taking their step forward to invest in the market this time. Bitcoin and Ethereum is also showing red lines so, there are some chances that more other coins are also affected.
While writing this, Bitcoin is trading at $43,550 with a trading volume of $28,459,950,149.90 and the price of the coin was changed by 0.77% ($-339) in the last 24 hours. Bitcoin always stands on rank #1 in the market. Well, the price of the coin in INR is Rs. 32,56,374 and the price has been dropped down by 1.13% in the last 24 hours.
On the other side, the second coin, Ethereum is trading at $3,132 with a trading volume of $14,270,611,819.14 USD, and the price of the token has been changed by 0.63% which is about $19 USD in the last 24 hours. There was a big change in the market after a long gap. While some other tokens such as Tether, BNB, USD Coin, XRP, Cardano, Solana, Terra, and Polkadot is also going down because of the sudden plunged.
If we talk about the latest news of the market related to cryptocurrency so, one of the biggest video game publishers Ubisoft is going to explore new frontiers in Web3, and announce a partnership with The Sandbox in order to bring its notable game franchise into the Ethereum based metaverse game world. Also, the Federal Deposit Insurance Corporation (FDIC) revealed that the crypto and specifically the risks in the crypto market is going to be the first priority area of focus for 2022.
Top 7 Coin
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