Bitcoin’s market share is currently at 42.35 percent and has seen a slight uptick of 0.08 percent in the last 24 hours, according to CoinMarketCap.
Investors in cryptocurrency were greeted with red figures on March 3 as the global crypto market cap decreased by 2.92 percent to $1.05 trillion in the last day. The Total cryptocurrency market volume also decreased by 11.37% to $43.16billion in the same period.
DeFi currently has a share of 10.28% with its total volume amounting to $4.44 trillion. Stable coins accounted for 90.24% of total crypto market 24-hour volume, with the volume in this sector currently at $38.95 Billion.
Bitcoin’s market share is currently at 42.35 percent and has seen a slight uptick of 0.08 percent in the last 24 hours, according to CoinMarketCap.
In other news, Coinbase Global Inc reported on Thursday that it was not accepting or initiating deposits or withdrawals for some users in India, following a circular from the Reserve Bank of India (RBI) prohibiting banks from providing services to crypto firms.
The cryptocurrency market saw losses on Tuesday, March 3, with major cryptos like Bitcoin, Ether, and others experiencing declines. Silvergate Capital Corp saw a significant drop in its stock price after the lender warned that it was reviewing its ability to continue operating as a going concern.
Coinbase also saw a slump in its stock value, with shares trading at $7.40, a fall of more than 45% in premarket.
At 7:18 a.m., the following were the top cryptocurrencies by value, according to data from WazirX:
NAME PRICE (INR) 24-HOUR (PERCENT)
Bitcoin 20,15,000 -1.68
Tether USD 88.50 1.73
Alchemy Pay 2.8600 -10.62
Ripple 32.0030 -1.83
Ethereum 1,40,000.0 -1.12
Dogecoin 6.7100 -5.89
FTX Token 124.000 -5.88
These losses in the cryptocurrency market come as the total market capitalization has decreased in the past few days.