5 Ways to Increase Acceptability of Cryptocurrency: From Skepticism to Mainstream Adoption
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2022-05-11 | Selina Mathew
Bitcoin's price is now Rs 25.55 lakh, with a 41.81 percent market share. According to CoinMarketCap statistics, this was a 0.05 percent rise from the previous day.
The majority of cryptocurrencies have rebounded, with several trading in the red as early as May 11th. The worldwide crypto market capitalization is now $1.43 trillion, up 0.31 percent from the previous day. The overall crypto market volume over the previous 24 hours has decreased by 14.64 percent to $156.47 billion.
DeFi's 24-hour volume is now $21.09 billion, accounting for 13.48 percent of the overall crypto market volume. The overall volume of all stable currencies is currently $140.93 billion, accounting for 90.07 percent of the entire 24-hour volume of the crypto market.
Bitcoin's price is now Rs 25.55 lakh, with a 41.81 percent market share. According to CoinMarketCap statistics, this was a 0.05 percent rise from the previous day.
In other news, crypto assets have lost about $800 billion in market value in the last month, hitting a low of $1.4 trillion on Tuesday, as the end of loose monetary policy dampens demand for risk assets.
Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.
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