Cryptocurrencies are currently trading in the red. Bitcoin has been losing 0.08 percent of its value.
New Delhi: Cryptocurrencies are trading in the red on October 30. The worldwide crypto market capitalization is now $2.65 trillion, up 0.95 percent in the last 24 hours, according to CoinMarketCap. Over the last day, the overall cryptocurrency market volume has decreased by 28.66 percent to $125.90 billion.
Furthermore, DeFi’s total volume is currently $13.32 billion, accounting for 10.58 percent of the whole crypto market’s 24-hour volume. According to exchange data, the volume of stable coins is now $98.09 billion, accounting for 77.91 percent of the overall crypto market 24-hour volume.
Bitcoin is currently trading for Rs 48,58,000 lakh, down 0.08 percent in the last 24 hours. According to CoinMarketCap, it has a 44.23 percent market share.
Ethereum, the world’s second most popular cryptocurrency, achieved a new high on Friday, just over a week after Bitcoin broke its own record. In Asian hours, the cryptocurrency that runs on the Ethereum blockchain climbed as much as 2.6 percent to $4,400, surpassing the previous high of $4,380 recorded in May 12.
Cryptocurrency prices have climbed dramatically in recent weeks, with Ether seeing a 60 percent increase since late September.
Furthermore, according to CNBC, the North Korean show ‘Squid Game’ also has its own cryptocurrency, which has increased 2,400 percent in 24 hours and is currently trading at $2.22. The novelty token ‘Squid’ had a market cap of more than $174 million.
According to reports, the cryptocurrency’s pre-sale began on October 20 and was “sold out in 1 second,” according to its whitepaper. The cryptocurrency was created as a “exclusive coin” for the Squid Game project, which will begin in November as a “crypto play-to-earn” tournament.