Cryptocurrency Prices: Bitcoin Prices Fall, Ethereum Also Slips Down

Most cryptocurrencies have seen a decline on Thursday. The global crypto market cap has fallen by 0.71 percent to $ 989.90 billion during the previous day.

Cryptocurrency Prices: Bitcoin Prices Fall, Ethereum Also Slips Down

Most cryptocurrencies have seen a decline on Thursday.  The global crypto market cap has fallen by 0.71 percent to $989.90 billion during the previous day.  At the same time, the total crypto market volume has decreased by 22.82 percent to $78.22 billion in the last 24 hours.  Total volume in Decentralized Finance (DeFi) currently stands at $5.86 billion, which is 7.50 percent of the total 24-hour volume of the crypto market.  At the same time, the volume of all stablecoins is now $ 73.08 billion, which is 93.48 percent of the total 24-hour volume of the crypto market.

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

Slight bounce in Tether

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

 On the other hand, Binance Coin has fallen 0.86 percent to Rs 22,900.  Talking about XRP, this cryptocurrency has seen a decline of 0.68 percent 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 percent to Rs 590 in the last day.  Whereas, Dogecoin is trading at Rs 5.1356 with a jump of 0.3 percent.

Big boom in cryptocurrency hacking

Apart from this, let us tell you that a big jump is being seen in the hacking of cryptocurrencies.  There has been a 60% increase in hacking incidents.  This figure is for the first 7 months of this year.  Hacking has cost $1.9 billion (about Rs 16000 crore).  The incidents of theft of funds from the De-Centralized 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 $1.2 billion worth of cryptocurrency.  That is, an increase of almost double in such incidents has been seen in a year.

Bloomberg data shows that between mid-January, both Ethereum and Bitcoin saw a decline, but by February, both rose sharply.