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Cryptocurrency Prices Today February 16: Bitcoin and Ethereum up; Tether down marginally

Bitcoin traded at Rs 34,34,381 at 9.05 am with a dominance of 41.97 percent. This marked a decrease of 0.49 percent over the previous day

February 16, 2022 / 09:28 AM IST
(Image Courtesy: Shutterstock)

(Image Courtesy: Shutterstock)

Cryptocurrencies traded in the green early on February 16. The global cryptocurrency market cap is $1.99 trillion, a 2.45 percent increase over the last day. The total crypto market volume over the last 24 hours is $75.55 billion, a 5.08 percent increase.

The total volume in DeFi is currently $9.24 billion, 12.23 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $60.78 billion, which is 80.46 percent of the total crypto market 24-hour volume.

Bitcoin traded at Rs 34,34,381 at 9.05 am with a dominance of 41.97 percent. This was a decrease of 0.49 percent over the previous day.

In news, Nandan Nilekani on Tuesday clarified that he has not launched any project related to cryptocurrency. The co-founder of Infosys tweeted that fake news of him having launched a crypto project has been doing rounds on social media. He urged his followers to avoid clicking on such reports and to report the post as false information.

Nilekani put out this tweet a couple of hours after he tweeted about regulating the use of social media to maintain a healthy digital life. A photo of his iPhone home screen showed that Nilekani does not use even WhatsApp. Twitter is the only social media app he uses as he considers it to be broadcast media to his followers.


Separately, blockchain network 5ire has raised $100 million investment from GEM Global Yield LLC SCS (GGY), a Luxembourg-based private alternative investment group, with the aim to go public.

By investing in 5ire, GEM will solidify its foothold in the emerging markets for sustainable level 1 or layer 1 blockchains with a highly diversified portfolio of use cases and a growing cache of memoranda of understanding with the government and private sector partners, the company said on February 15.

"I am very excited about our partnership with GEM and looking forward to finding synergies in how we further promote our vision of ‘For-benefit’ ventures in the 5ire ecosystem to transition the world from 4th Industrial Revolution to 5th Industrial Revolution, meet the 2030 SDGs and beyond,” 5ire co-founder and CEO Pratik Gauri said.

As of 9.05 am on February 16, these are the prices of largest cryptocurrencies (data from WazirX):
Binance Coin33,752.123.97%
Moneycontrol News
first published: Feb 16, 2022 09:28 am
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