Major cryptocurrencies traded in the red early on May 26 as the global crypto market cap decreased 0.59 percent to $1.26 trillion over the last day. On the other hand, the total crypto market volume over the last 24 hours rose 2.03 percent to $70.78 billion.
The total volume in DeFi stood at $7.50 billion, 10.60 percent of the total crypto market 24-hour volume. The volume of all stable coins was $621.49 billion, which is 86.87 percent of the total crypto market 24-hour volume.
Bitcoin traded above Rs 24 lakh. The market dominance of the world's largest cryptocurrency rose 0.18 percent to 44.76 percent over the last day, according to data from CoinMarketCap.
In other news, crypto tax firm CoinTracker on May 25 announced its foray into the India market with an official product launch. The company's entry comes at a time when the crypto industry is grappling with 30 percent tax on virtual assets and one percent TDS starting July 1.
The firm said that starting Wednesday, its tax compliance and portfolio tracking products will be available to all crypto users across the country. While the base product will be free, its other products will be priced at Rs 699 and Rs 2,499 a year.
Also, FanTiger - a music non-fungible token (NFT) marketplace - announced that it has raised $5.5 million in seed funding led by Multicoin Capital, an investment firm focused on cryptocurrency and blockchain companies.
Started by former Gaana chief executive Prashan Agarwal and Krishna Singh in February this year, FanTiger aims to enable independent artists to build fan communities on the platform by allowing them to create, buy, and sell digital collectibles.
As of 8.00 am on May 26, these are the prices of largest cryptocurrencies (data from WazirX):
| NAME | PRICE (INR) | 24H % |
| Bitcoin | 24,16,354 | -0.85% |
| Ethereum | 1,58,618 | -2.73% |
| Tether | 81.42 | -0.03% |
| Cardano | 41.8500 | -2.21% |
| Binance Coin | 26,724.79 | -1.74% |
| XRP | 33.0002 | -1.19% |
| Polkadot | 806.25 | -2.51% |
| Dogecoin | 6.7765 | -1.32% |
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