The worldwide cryptocurrency market capitalization is now $1.28 trillion, up 2.26 percent from the previous day. The overall crypto market volume over the last 24 hours has decreased by 98.31% to $118.10 billion. The overall volume in DeFi is currently $11.49 billion, accounting for 9.73 percent of the entire 24-hour volume in the crypto market. The overall volume of all stable coins is now $103.84 billion, accounting for 87.92 percent of the total 24-hour volume of the crypto market. Find out more here.
Explainer On Cryptocurrency
Why Has The Luna Crisis Increased Concerns About The Stability Of Crypto Assets?
Because stablecoins like Terra and Luna have lost nearly all of their value, Indian exchanges WazirX and CoinDCX have delisted the currencies from their websites so that future investors don’t get burned.
Stablecoins like Terra and Luna have lost nearly all of their value, and Indian exchanges WazirX and CoinDCX have delisted the currencies from their systems to prevent fresh investors from purchasing them. Find out more here.
What Comes Next?
Why is there a crypto market fall, and what will happen next? Over the last two weeks, the cryptocurrency market has gone into freefall. Bitcoin, the world’s first digital currency, plunged below $30,000 twice in a week, hitting its lowest level in 16 months. Other blue-chip cryptos also dropped, with losses ranging from 30% to 90%. Find out more here.
Crypto market collapse causes a sharp reduction in blue-chip Ethereum NFTs, according to NFT Buzz. The current bitcoin decline has caused prices to plummet across the board.
the board — and with the value of crypto falling, so have NFTs in dollar terms been declining over the past few weeks.