Top Cryptocurrency Prices Today October 9: Bitcoin, Ethereum in red

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Major cryptocurrencies were trading in the red early on October 9 as the global crypto market cap stood at $938.00 billion, down 1.04 percent over the last day. The total crypto market volume over the last 24 hours is $32.65 billion, which makes a 37.51 per cent decrease.

The total volume in DeFi is currently $2.Cartasde1806 billion, which is 6.30 per cent of the total crypto market 24-hour volume. The volume of all stable coins is now $30.23 billion, which is 92.57 per cent of the total crypto market 24-hour volume.

The price of bitcoin hovered around Rs 16 lakh, with a dominance of currently 39.64 per cent, an increase of 0.01 per cent over the day, according to Coinmarketcap.

In other news, the non-fungible token (NFT) market is in a shambles these days. The market plunged 97 percent from its peak of $17 billion in early 2022 to $470 million in September 2022, according to data from Dune Analytics, a blockchain analytics firm.

But while the NFT market continues to dip and regulators are keeping a strict eye on celebrity endorsements, Bollywood celebrities have not stopped their involvement with these digital assets. Read more here.

Also Read | Things to keep in mind while choosing a crypto tax calculation software

As of 7:40 am on October 9, these are the prices of the largest cryptocurrencies (data from WazirX):