Cryptocurrency Prices Today March nine or Bitcoin up Polkadot and Ethereum biggest gainers
Categories: Crypto News
Cryptocurrencies traded in the green early on March 9. The global cryptocurrency market cap stood at $1.76 trillion, a 2.54 percent increase over the last day. The total crypto market volume over the last 24 hours is $78.92 billion, a 7.85 percent decrease. The total volume in DeFi is currently $13.31 billion, 16.86 percent of the total crypto market 24-hour volume. And Bitcoin up, Polkadot and Ethereum biggest gainers.
The volume of all stable coins is now $65.93 billion, which is 83.54 percent of the total crypto market 24-hour volume. Bitcoin's price is currently Rs 31.09 lakh, with a dominance of 42.31 percent. This was a 0.04 percent decrease over the day, as per Coin Market Cap data. In India, finance minister Nirmala Sitharaman on March 8 clarified that the government will state its position on cryptocurrencies after completing the ongoing consultation process.
"The consultations are on, you are welcome to participate in it. After the consultation process gets duly completed, the ministry would sit and probably mull over it, which is required because we need the executive to be sure that they are not crossing any legal requirements. After which we will come out saying what our position on it is.
I know you have sort of led me to say are we regulating it or are we banning it. I am not getting into it now. But after the consultation, yes, we will be talking about it. And I am glad you welcome the taxation," Sitharaman said. Meanwhile, United States president Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury and other agencies to study the legal and economic ramifications of creating a US central bank cryptocurrency, a source told Reuters. And Bitcoin up, Polkadot and Ethereum biggest gainers.
Bitcoin is a decentralized digital currency that works without a national bank or single head. It was made in 2009 by an obscure individual or gathering utilizing the name Satoshi Nakamoto. Bitcoin has acquired prominence as a store of significant worth and a theoretical venture.
Polkadot is a blockchain convention that empowers interoperability between various blockchains. It was made by Gavin Wood, a prime supporter of Ethereum, and was sent off in 2020. Polkadot's principal objective is to permit different blockchains to impart and impart data to one another, which is significant for the advancement of the decentralized web.
Ethereum is a decentralized blockchain stage that permits designers to fabricate decentralized applications (dapps) on top of its organization. It was made in 2015 by Vitalik Buterin, and is the second-biggest cryptographic money by market capitalization after Bitcoin. Ethereum's local digital money is called Ether (ETH), which is utilized to pay for exchanges on the organization.
It's important that the cryptographic money market is exceptionally unstable, and costs can vacillate quickly. The Bitcoin up, Polkadot and Ethereum biggest gainers and washouts can change regularly, and it's significant for financial backers to do their own examination and pursue informed choices prior to putting resources into digital currencies.