Market negotiation in red; BTH, ETH, Cardano plunge

Most cryptocurrencies are trading in the red on Friday. Global cryptocurrency market capitalization fell 1.79% to $2.03 trillion in the past 24 hours, while total crypto market volume increased by 0 .49% to $101.64 billion.

On the other hand, DeFi accounted for 15.05% of the transaction volume at $15.30 billion. Stablecoins accounted for 72.06% at $73.24 billion.

Currently, Bitcoin is priced at Rs 34 lakh with a 40.19% dominance of the crypto market from the previous day. Bitcoin was down 0.54% on the day. In dollar terms, Bitcoin’s market dominance dipped 0.12% to 39.77% and was trading at $42,726.60 on Friday morning.

Bitcoin declined by 1.65% to trade at Rs 34,03,723 while Ethereum also fell by 1.48% to Rs 2,60,749.5.

Cardano and Avalanche fell 4.44% and 4.35% to trade at Rs 99.1 and Rs 7,150 respectively. rose by 0.25% to Rs 11,054. Tether rose by 0.32% to Rs 79.6 while Dogecoin rose by 7.29% to trade at Rs 14,058.

Blockchain analytics firm, Chainalysisi, has reported that up to seven attacks have been launched on cryptocurrency platforms by North Korea that have mined digital assets worth around $400 millions of dollars. “From 2020 to 2021, the number of North Korea-related hacks increased from four to seven, and the value extracted from these hacks increased by 40%, said the report, published on January 13.

Bitcoin

Additionally, Jack Dorsey, the chief executive of Block Inc, tweeted that the fintech company is building an open bitcoin mining system as the overhauled company aims to look beyond its payment business. and in new technologies like blockchain. In October, Dorsey said Block, formerly known as Square, planned to build a custom, open-source silicon-based bitcoin mining system for individuals and businesses around the world.

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