Crypto Rates As On March 12: Bitcoin As Well As Ethereum Are Up.

2022-03-13 | Selina Mathew

Crypto Rates As On March 12: Bitcoin As Well As Ethereum Are Up.

The worldwide crypto marketplace capitalization increased by 1.55 percent in the previous 24 hours to $1.75 trillion, but trade volumes decreased by 10.12 percent to $79.82 billion.

The entire amount in the decentralized finance (DeFi) area was $13.23 billion, accounting for about 16.58 percent of the 24-hour bitcoin trading volume. Stablecoins accounted for $67.60 billion in overall volume, accounting for 84.70 percent of the 24-hour cryptocurrencies trading volume.

Bitcoin's market domination increased by 0.03 percent to 42.45 percent, as well as the currency was dealing at $39,090.12, underneath the $40,000 threshold on March 12.

BTC 1 DAY PRICE CHART

BTC/USD 1 DAY PRICE CHART - COINMARKETCAP.COM

Bitcoin increased 1.93 percentage to Rs 30,95,313 in rupee rates, while Ethereum climbed 1.47 percent to Rs 2,04,808.3

Cardano rose 0.85 percent to Rs 63.23, while Avalanche fell 4.35 % to Rs 5,759. Polkadot increased 7.92 percent to Rs 1,439.24 in the previous 24 hours, while Litecoin gained 6.31 percent to Rs 8,450. Tether fell 0.1 percent to Rs 79.27.

Memecoin SHIB increased 1.77 percent, whereas Dogecoin increased 1.24 percent to Rs 9.2. The price of Terra (LUNA) fell 5.49 percent to Rs 7,220.15.

ETH

ETH/USD 1 DAY PRICE CHART - COINMARKETCAP.COM

In other developments, the Securities and Exchange Commission of the United States reportedly refused a further pair of spot market Bitcoin ETF applications from investment manager NYDIG and ETF source Global X. The SEC rejected the NYSE's requested rule modification to trade shares of the NYDIG Bitcoin ETF on Thursday, following several months of postponement. According to reports, Global X applied for a comparable product in July and was refused in a separate filing.

An exchange-traded fund (ETF) is a publicly-traded financial instrument that follows the value of an underpinning asset. As a result, a spot market Bitcoin ETF would monitor the progress of the fund's core Bitcoin holdings.

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