In a recent interview with CNBC, US Treasury Secretary Janet Yellen acknowledged the growing role of cryptocurrencies in the US financial economy. “There have been benefits of cryptocurrencies and we recognize that innovation in the payment system can be a healthy thing. We would like to present recommendations that will create a regulatory environment for innovation,” she said. Yellen added that she will work to create a regulation that promotes innovation in the sector.
Meanwhile, according to a research article published by Grand View Research, the world market of metaverses the size is estimated at $38.85 billion, and is expected to grow at a compound annual growth rate (CAGR) of 39.4 percent.
The global crypto market capitalization increased by 0.33% to $2.01 trillion as of 3:11 p.m. However, global cryptocurrency volume decreased by 25.5% to $81.13 billion, according to data from Coinmarketcap.
"I'm a little skeptical," he says. @SecYellen on #crypto. "On the other hand, there are benefits to cryptocurrencies and we recognize that innovation in payment systems can be a healthy thing." pic.twitter.com/7N1SYxICwq
— Squawk Box (@SquawkCNBC) March 25, 2022
cryptocurrency prices
Bitcoin (BTC), the oldest cryptocurrency in the world, was trading at $44,503.78, up 1.09% in the last 24 hours.
Ethereum (ETH), the second largest cryptocurrency by market cap, was also up 0.01 percent at $3,126.74.
Among other major coins, Cardano (ADA) was up 0.23% to $1.13, Algorand (ALGO) was up 1.54% to $0.9112, Binance Coin (BNB) was also up 0.34% to $414.96 Solana (SOL), however, was down 2.09% at $100.99, and Polkadot (DOT) was also down 0.74% at $20.78.
Today's biggest gainer was Elo Inu (ELO INU), up 498.79% to $0.000000000001066. The main loser was DPK (DPK TOKEN), which was down 99.83 percent at $0.0007742.
Meme Coin and DeFi Prices
Dogecoin (DOGE) was down 1.52 percent at $0.1333. Its volume to market capitalization ratio stands at 0.04579. Its rival Shiba Inu (SHIB) was also down 0.2 percent at $0.00002465.
Dogelon Mars (ELON) was trading 5.46 percent higher at $0.0000008545. However, Floki Inu (FLOKI) was down 5.62 percent at $0.00003534, while Samoyed Coin (SAMO) was down 5.62 percent at $0.01863.
In the DeFi segment, YFI (yearn.finance) traded down 0.17 percent at $21,077.08. Terra (LUNA) was also down 3.06 percent at $90.30. On the other hand, Avalanche (AVAX) gained 0.91 percent to $84.87, Uniswap (UNI) lost 2.38 percent to trade at $10.69, and Aave (AAVE) lost 3.02 percent. cent to $166.09.
