Crypto markets in red, global market cap below $2 trillion

Crypto markets in red, global market cap below $2 trillion

Majority top tokens show downtrend, and Bitcoin and Ethereum has also dipped.

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Crypto markets in red, global market cap below $2 trillionCrypto markets in red, global market cap below $2 trillion
Aakanksha Chaturvedi
  • Apr 7, 2022,
  • Updated Apr 7, 2022 10:33 AM IST

Cryptocurrency markets have tanked in the last 24 hours. The global market cap is down by 5.08 per cent in the last 24 hours and is at $1.98 trillion as of 8:00 AM IST, CoinMarketCap data showed.

Bitcoin is down by 4.42 per cent and is trading at $43,317. Ethereum fell by 4.89 per cent and is trading at $3,189.

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The USDT Tether stablecoin showed no change in its value in the last 24 hours, whereas the USDC stablecoin fell by 0.01 per cent. 

The BNB token has gone down 4.30 per cent.

XRP Ripple is down by 5.57 per cent. The ADA token showed 8.15 per cent downtrend.

Terra LUNA is up by 7.12 per cent in the last 24 hours. 

Solana fell by 9.90 per cent. Avalanche is down by 8.47 percent.

The European Union Commission has called for experts to contribute to the development of the Digital Euro. Moreover, the CBDC Index released by PwC ranks Nigeria and Bahamas in the lead of the global CBDC race. 

Also Read: Maharashtra's Gadchiroli to issue caste certificates via blockchain platform Polygon

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Also Read: Crypto crime: Pune police recovers over Rs 84 cr worth of Bitcoins

 

Cryptocurrency markets have tanked in the last 24 hours. The global market cap is down by 5.08 per cent in the last 24 hours and is at $1.98 trillion as of 8:00 AM IST, CoinMarketCap data showed.

Bitcoin is down by 4.42 per cent and is trading at $43,317. Ethereum fell by 4.89 per cent and is trading at $3,189.

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The USDT Tether stablecoin showed no change in its value in the last 24 hours, whereas the USDC stablecoin fell by 0.01 per cent. 

The BNB token has gone down 4.30 per cent.

XRP Ripple is down by 5.57 per cent. The ADA token showed 8.15 per cent downtrend.

Terra LUNA is up by 7.12 per cent in the last 24 hours. 

Solana fell by 9.90 per cent. Avalanche is down by 8.47 percent.

The European Union Commission has called for experts to contribute to the development of the Digital Euro. Moreover, the CBDC Index released by PwC ranks Nigeria and Bahamas in the lead of the global CBDC race. 

Also Read: Maharashtra's Gadchiroli to issue caste certificates via blockchain platform Polygon

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Also Read: Crypto crime: Pune police recovers over Rs 84 cr worth of Bitcoins

 

ABOUT THE AUTHOR

Aakanksha Chaturvedi

I am a multimedia reporter working across Business Today properties, at the India Today Group.

I break stories for BusinessToday.in and write longform analytical pieces for the Business Today Magazine.

I also report for India Today TV's the Business Today Show and the Tech Today Show.

I am the youngest reporter with a cover story in the Business Today magazine (most widely read Indian business magazine). I am also the youngest reporter covering business news on TV.

I have previously worked with International Business Times (US edition) and Coin Crunch India. I graduated with a degree in mass media from Mithibai College, Mumbai in 2021.

Leads and tips- aakancvedi@gmail.com/ aakanksha.chaturvedi@aajtak.com
Twitter/instagram/reddit- aakancvedi

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