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Today's Cryptocurrency Prices: Bitcoin is down, Dogecoin and XRP are the worst offenders

According to CoinMarketCap data, Bitcoin's share in the market has decreased by 0.02 percent to 42.17 percent. The largest cryptocurrency in the world was trading at Rs 36.44 lakh in the early hours of trading on Wednesday....

On March 30, the majority of cryptocurrencies were trading in the red in early trade. In the last 24 hours, the global crypto market cap fell 0.95 percent to $2.12 trillion, while total crypto market volume fell 2.26 percent to $116.49 billion.

The overall volume in DeFi was $19.47 billion, or 16.71 percent of the entire 24-hour volume in the cryptocurrency market. All stable coins now have a combined market capitalization of $94.80 billion, accounting for 81.38 percent of the whole crypto market's 24-hour volume.

According to CoinMarketCap data, Bitcoin's dominance has decreased by 0.02 percent to 42.17 percent. On Wednesday morning, the world's largest cryptocurrency traded at Rs 36.44 lakh.

Ronin, a blockchain business, announced on March 29 that hackers took about $615 million in bitcoin from its computers, in what would be one of the greatest cryptocurrency heists in history.

According to the initiative, unidentified hackers stole around 173,600 ether tokens and 25.5 million USD Coin tokens on March 23. The stolen money are worth $614 million at current exchange rates.

Ronin is the engine that drives the popular Axie Infinity game, which is played using non-fungible tokens (NFTs). It stated in a blog post that the hacker stole the assets by using stolen private keys — the passwords required to access crypto funds.

"We are collaborating directly with multiple government agencies to ensure that criminals are apprehended," the business stated.

Meanwhile, analysts are beginning to see parallels between the NFT collection failures and the 2018 Initial Coin Offering (ICO) disaster.

According to blockchain analytics firm Nansen, one in every three NFT collections has basically expired, with little or no trading activity. Another third are trading at a discount to the cost of minting the tokens.

Nansen analyzed over 8,400 collections on the Ethereum blockchain, totaling 19.3 million distinct NFTs. As failing projects pile up, long-time cryptocurrency observers are reminded of the ICO bust, when thousands of digital tokens swiftly lost value after regulators warned they were likely unregistered securities.

The following are the values of the main cryptocurrencies as of 8.10 a.m. on March 30 (data from WazirX):

Bitcoin 36,44,330 -0.57%
Ethereum 2,60,271.9 -0.43%
Tether 77.40 0.41%
Cardano 91.1000 -1.93%
Binance Coin 33,275.20 -0.52%
XRP 65.6511 -2.34%
Polkadot 1,706.12 -0.36%
Dogecoin 10.9300 -2.67%
** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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