The global currency market is also looking bleak. In the last 24 hours, the capitalization of the cryptocurrency market has seen a decline of more than 4.49 percent and it has been at $ 1.75 trillion. In the same period, its trading volume has also seen a decline of 3.43 percent and it has been at $ 83.23 billion.
Decentralized finance (DeFi) stood at $14.08 billion during the last 24 hours, which is about 16.92 percent of the cryptocurrency trading volume in the last 24 hours. Total volume in stablecoins stood at $69.85 billion during the same period, which is about 83.92 percent of the cryptocurrency trading volume in the last 24-hours.
During the last 24 hours, the market share of bitcoin has seen a decline of 0.57 percent and it is seen at 42.44 percent. On the morning of March 5, bitcoin was seen at $39,047.24.
In rupee terms, in the last 24 hours, with a decline of 4.43 percent, bitcoin is seen at 31,20,419, while ethereum is seen with a decline of 2.6 percent at 2,09,584.5. For the same period, Cardano is down 2.98 per cent at Rs 66.86 and Avalanche is down 2.01 per cent at Rs 6,003.3.
On the other hand, Polkadot is down 3.65 per cent at Rs 1,319.01 and Litecoin is down 4.3 per cent at Rs 8,058. On the other hand, Tether is seen with a gain of 0.86 percent at Rs 79.52.
Meanwhile, Memecoin SHIB is showing a decline of 1.96 per cent while Dogecoin is down 1.27 per cent at Rs 9.79 and Terra (LUNA) is down 10.78 per cent at Rs 6,549.03.
If you look at other news related to the cryptomarket, according to the Financial Times report, the Swiss Federal Government is preparing to freeze the crypto assets of Russian citizens and businessmen. This decision is being taken keeping in view the issue of the ongoing war between Russia and Ukraine.