Cardano

The market presence of bitcoin declined 0.34 per cent during the day to 38.85 per cent of the crypto market

Most cryptocurrencies have seen a decline on Thursday. The global crypto market cap has fallen by 0.71 per cent to USD 989.90 billion during the previous day. At the same time, the total crypto market volume has decreased by 22.82 per cent to USD 78.22 billion in the last 24 hours.

Total volume in Decentralised Finance (DeFi) currently stands at USD 5.86 billion, which is 7.50 per cent of the total 24-hour volume of the crypto market. At the same time, the volume of all stablecoins is now USD 73.08 billion, which is 93.48 per cent of the total 24-hour volume of the crypto market.

The price of Bitcoin, the world’s largest and popular cryptocurrency by market capitalisation, has declined 0.45 per cent to Rs 17,30,000 during the last 24 hours. The market presence of bitcoin declined 0.34 per cent during the day to 38.85 per cent of the crypto market.

At the same time, Ethereum has fallen 1.09 per cent to Rs 1,35,500. Whereas, Tether has gained 0.68 per cent to Rs 84.78 in 24 hours. On the other hand, Cardano is trading down 1.68 per cent at Rs 39.2278.

On the other hand, Binance Coin has fallen 0.86 per cent to Rs 22,900. Talking about XRP, this cryptocurrency has seen a decline of 0.68 per cent during the last 24 hours. This cryptocurrency is currently present at Rs 27.8056. At the same time, the prices of Polkadot have come down by 2.74 per cent to Rs 590 in the last day. Whereas, Dogecoin is trading at Rs 5.1356 with a jump of 0.3 per cent.

Apart from this, a big jump is being seen in the hacking of cryptocurrencies. There has been a 60 per cent increase in hacking incidents. This figure is for the first 7 months of this year. Hacking has cost USD 1.9 billion (about Rs 16000 crore). The incidents of theft of funds from the Decentralised Finance (DeFi) protocol have seen a huge increase.

This report was released by blockchain analysis firm Chainalysis on Tuesday. In the same period last year, hackers stole USD 1.2 billion worth of cryptocurrency. That is, an increase of almost double in such incidents has been seen in a year.