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Cryptocurrency Prices Today April 13: Bitcoin edges down, Binance Coin biggest gainer

Bitcoin's price is currently Rs 31.46 lakh with a dominance of 40.77 percent. This was a 0.30 percent decrease over the day

April 13, 2022 / 08:24 AM IST

Cryptocurrencies traded in the green early on April 13. The global crypto market cap is $1.86 trillion, a 1.52 percent increase over the last day. The total crypto market volume over the last 24 hours is $92.54 billion, a 9.13 percent decrease.

The total volume in DeFi is currently $10.42 billion, 11.26 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $77.60 billion, which is 83.86 percent of the total crypto market 24-hour volume.

Bitcoin's price is currently Rs 31.46 lakh with a dominance of 40.77 percent. This was a 0.30 percent decrease over the day, as per CoinMarketCap data.

In other news, 35 percent or 33.4 million Nigerian adults aged 18-60 have owned or traded bitcoin or some form of cryptocurrency over the past six months, Bitcoin Magazine reported.

The report cited a research 'Into The Cryptoverse' released by leading crypto exchange KuCoin which looked at penetration of cryptos.

Multiple surveys by the exchange showed that the Nigerian crypto investor has a median population of 18.4 years -- which means 52 percent of the investors are aged below 30.

Notably, Nigerian fiat Naira has depreciated 209 percent over the past six-year period and 37 percent of the crypto investors dipped their feet in the space over the past three years.

Closer home, cryptoexchange CoinSwitch Kuber has disabled all modes of payments for purchasing crypto on its platform including bank transfers.

This came two days after Coinbase had to disable the Unified Payments Interface (UPI) which was the only crypto purchase option on its platform. On CoinSwitch's app, Indian rupee deposits through UPI as well as other modes including bank transfer have been paused, effectively leaving no mode to load the app's wallet to buy cryptocurrency.

This will have a significant impact on the platform's trading volumes which saw over 14 million users in 2021. Coinbase disabled the UPI option ​soon after, leaving no option to buy cryptocurrencies on its platform.

In the NFTs space, Genies, an LA-based digital celebrity avatar startup on April 12 announced that it had raised $150 million in funding from Silver Lake, with participation from Bond, NEA and Tamarack Global, TechCrunch reported. This comes after a $65 million Series B round in May 2021.

As of 7.55 am on April 13, these are the prices of largest cryptocurrencies (data from WazirX):

Binance Coin32,822.683.91%
Find more blockchainbusiness and market related stories here

Moneycontrol News
first published: Apr 13, 2022 08:24 am