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Cryptocurrency Prices Today: Crypto markets bleed as Bitcoin, Ethereum fall on Ukraine woes

Cardano was down 10.88 percent to Rs 63.5 and Avalanche fell 12.27 percent to Rs 5,206.001. Polkadot fell 7.26 percent to Rs 1,188 and Litecoin was down 7.98 percent to Rs 7,700 in the last 24 hours. Tether was down 0.52 percent to Rs 78.42

February 24, 2022 / 09:42 AM IST
Bitcoin (Representative image)

Bitcoin (Representative image)

The global cryptocurrency market-capitalisation fell 5.78 percent over the last 24 hours to $1.61 trillion, while trading volumes were down to about percent to $12.72 million, falling by around 99.98 percent.

This slump in the crypto market was in sync with a global market rout triggered by Russia's move to launch military action on Ukraine on Thursday morning.

Over the last 24 hours, the total volume in the decentralised finance (DeFi) space stood at $12.87 billion, the total volume in stablecoins stood at $72.07 billion.

Bitcoin's market dominance fell 0.16 percent to 41.76 percent and the currency was trading at $35,441.27 on the morning of February 24.

As of 8:00 am, these were the prices of various cryptocurrencies in the Indian market (Data from WazirX.com)

CryptocurrencyPrice (in Rs)24-hour change (in percent)
Bitcoin27,70,309-7.12
Ethereum1,89,999-8.04
Cardano63.5-10.88
Tether78.42-0.52
Solana6,100-10.95
Avalanche5,206.001-12.27
Litecoin7,700-7.98
XRP50.44-10.0
Axie3,525-10.98