The cryptocurrency market plummeted to a record high today. The global crypto market is now worth $ 2.17 trillion, representing a 7 percent decline in the last 24 hours. However, transaction volume rose 11.06 percent to $ 97.64 billion, adding to investor concerns.
Several Salvadoran Bitcoin wallet users complained that BTC was missing from their government-issued crypto wallet, Chivo. According to a series of tweets collected by one user, approximately $ 96,000 worth of Bitcoins was missing from Chivo so far, tom'shardware.com reported. This issue highlights the crisis faced by various cryptocurrency holders around the world who do not have access to a secure wallet and ultimately lose their private cryptographic keys.
Meanwhile, the world's oldest crypto bitcoin plunged 2.93 percent to $ 48,110.85 amid speculation that some institutions liquidated their long positions. Rival Ethereum (ETH) was down 3.11% to $ 3,827.98. Ethereum trading volume increased 27.63 percent to $ 16,281,428,557, data from coinmarketcap showed at 8:42 a.m. M.
โBitcoin has dropped about 3 percent in the last 24 hours to around $ 48,000. This price turbulence is the result of the market anticipating a total of 129,800 option contracts due to expire on Friday, worth around $ 6 billion, โsays Gaurav Dahake, CEO and co-founder of Bitbns.
Cardano (ADA) is down 3.55 percent to $ 1.42, while Algorand, known as the Ethereum killer, down 4.72 percent to $ 1.49; Its market cap is now $ 9,506,232,013.
Among other major coins, Binance Coin (BNB) was down 1.92 percent to $ 539.51, while Solana (SOL) was down 4.41 percent to $ 180.39.
Meme and DeFi Coins
Dogecoin (DOGE) was trading 1.88 percent down at $ 0.1772. Rival Shiba Inu (SHIB) is down 2.17% to $ 0.00003585.
ELON is trading 7.66% loss at $ 0.000001517, Floki Inu is down 6.21% at $ 0.000112, while Samoyed Coin (SAMO) is trading 5.43% loss at 0, 04037 dollars.
In the DeFi segment, YFI (yearn.finance) was trading down 4% at $ 29,297.05. Terra (LUNA) was down 4.49 percent to $ 87.43. However, Avalanche (AVAX) was up slightly 0.31 percent at $ 110.41. Uniswap (UNI) also rose 2% to $ 19.17.
Latest Updates
Decentraland (MANA), a virtual reality platform built on the Ethereum blockchain, has partnered with UNXD, a luxury marketplace built on the Polygon blockchain to offer a unique virtual metaverse fashion week show in its type from March 24 to 27. tweeted decentraland, coindesk reported.
Billionaire investor Anthony Pompliano was asked in a recent interview on CNBC about the volatile nature of Bitcoins and said that we are thinking about the volatility of bitcoin the wrong way. He was quoted as saying, โVolatility is neither good nor bad, right? Basically, volatility is only bad when it goes against you, so if you target an asset and it goes down, you don't like volatility, if you bet an asset and it goes up, you like volatility, "reported cryptoslate.com.
