New Delhi: Key cryptocurrencies climbed up to 9 per cent in the last 24 hours, with Bitcoin topping the $41,000 mark and Avalanche and Ethereum seeing big swings.
Bitcoin, the largest crypto by market value, was trading 0.69 per cent higher at $41,124.58, taking its seven-day gains to 0.8 per cent. Ethereum surged 2.9 per cent in the last 24 hours to $2,769. The second-largest cryptocurrency by market value has risen 3.9 per cent in the last one week.
Tether, the third-largest, was almost flat at $1 and so was USD Coin, which was flat at $0.99. BNB added 1.19 per cent, XRP gained 2.01 per cent but Terra fell 2.12 per cent.
Avalanche, Solara, Cardano and Polkadot climbed up to 9 per cent.
Dogecoin added 2.35 per cent to $0.1173.
The global cryptocurrency market cap rose to $1.82 trillion, up 1.42 per cent over the last 24 hours. Total cryptocurrency trading volume jumped 23 per cent to $100.11 billion, as per Coinmarketcap.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 8.45 hours, IST on March 11, 2022)
Bitcoin: $41,034.14, up 0.81%
Ethereum: $2,767.30, up 3.21%
Tether USD: $1.00, up 0.01%
BNB: $383.32, up 1.35%
USD Coin: $0.9997, up 0.02%
XRP: $0.79, up 2.27%
Terra: $87.57, up 1.47%
Cardano: $0.8431, up 3.18%
Solana: $88.39, up 5.03%
Avalanche: $76.82, up 9.81%
Mudrex, a Bengaluru and San Francisco-based Y Combinator-backed crypto investing platform, has now allowed its users to now use a Systematic Investment Plan (SIP) option to invest in Coin Sets, the crypto equivalent of mutual funds.
Using SIPs on Coin Sets, investors can spread out their capital investment instead of making a lump sum purchase, thereby reducing their risk on their crypto investment, said Mudrex.
Cryptocurrency exchanges are risking long-term damage to their industry for remaining in Russia as Western governments seek to isolate Moscow, the head of the London Stock Exchange Group said on Wednesday, calling it a “watershed moment.”
Unlike payment companies, most crypto exchanges have rejected calls to cut off all Russian users, sparking concerns among European officials and US lawmakers that digital assets could be used to circumvent sanctions the United States and Europe have piled on Moscow in the wake of its invasion of Ukraine, Reuters reported.