Crypto Prices Today: Bitcoin Up 6.21%, Ethereum Up 3.88%
The global crypto market volume decreased by 17.36 percent. Shiba Inu was the most trending cryptocurrency at $0.00001073.
The total crypto market volume was at $66.80 billion, down by 17.36 per cent over the last 24 hours, while the global crypto market cap was at $1.11 trillion, up by 4.42 per cent over the previous day, according to Coinmarketcap.com.
Shiba Inu (SHIB) was the most trending cryptocurrency at 10 AM IST on Friday morning with a price of $0.00001072. Stacks STX was the top gainer, with a 15.15 per cent increase to $1.01. Its 24-hour trading volume was $330.63 million.
Kava (KAVA) was the top loser, down by 9.19 per cent to $0.9928.Its 24-hour trading volume was $33.85 million.
Bitcoin: The price of Bitcoin (BTC) increased by 6.21 per cent to $25,797.92. Its 24-hour trading volume was $37.29 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap, same as yesterday.
Bitcoin’s dominance was 44.82 per cent 10 am IST on Friday morning, an increase of 0.68 per cent over the previous day.
Ethereum: The price of Ethereum (ETH) was up by 3.88 per cent to $1,709.52. Its trading volume was $10.02 billion in the last 24 hours.
Tether: Tether was down by 0.07 per cent in the last 24 hours. It was trading at $1, same as yesterday with a 24-hour trading volume of $49.37 billion. It was ranked third on coinmarketcap.
Solana’s (SOL) price increased by 4.04 per cent to $20.00 in the last 24 hours.
Avalanche was trading at $16.19, up by 4.68 per cent, while its 24-hour trading volume stood at $199.48 million.
Cardano (ADA) was up by 2.56 per cent. It was ranked seventh, with a 24-hour trading volume of $344.57 million.
Dogecoin (DOGE) was up by 5.55 per cent with a 24-hour trading volume of $350.62 million.
Shiba Inu was up by 4.45 per cent to $0.00001073 at 10 AM IST.
Decentralised Finance (DeFi)
The total crypto market volume of DeFi was $5.33 billion, up 7.95 per cent over the past 24 hours.
Yearn.finance was up 4.19 per cent to $8,426.95 in the last 24 hours. Its trading volume was $55.59
BRICSTether is a new stablecoin to launch shortly, which is planned to eventually be weighted to a basic of BRIC Nations currencies, but initially, 1 BRICST will be pegged to 7 Chinese Yuan. It will be asset-backed in fiat, crypto, bonds, gold, silver, and real estate.
It couldn’t launch soon enough for some, especially Russians and other nations, being sanctioned or losing faith in the USD. Binance recently announced it’s no longer going to allow Russians to buy USDT, so BRICST is expected to fill the gap for Russians, but also many BRICSPlus nations, not to mention many that are concerned re the fall of the USD. As the world shifts away from the US-dominated unipolar world, a multipolar world will see a search for alternative currencies for settling international trades. It’s expected many non-Western countries will seek to utilise BRICST to support its growth to ensure alternative cross-border settlements can occur inexpensively, outside the USD
BRICST will list a small number of exchanges to start with and expand as it ramps up its operations.
BRICSTXchange also is set to launch to be one of the main exchanges to handle BRICS transactions.