Cryptocurrency Prices Today: Markets ring in red as Bitcoin, Ethereum fall
The global cryptocurrency market capitalisation dipped 3.30 percent over the last 24 hours to $1.96 trillion while trading volumes were up 46.41 percent to $113.88 billion.
While decentralised finance (DeFi) accounted for 12.41 percent of the 24-hour cryptocurrency trading volume at $14.13 billion, stablecoins constituted 82.49 percent at $93.94 billion. Bitcoin's market dominance rose by 0.40 percent to 41.80 percent and the currency was trading at $43,191.13 on the morning of February 11.
In rupee terms, Bitcoin fell 1.64 percent to trade at Rs 34,29,969, while Ethereum dipped 4.4 percent to Rs 2,42,883
Cardano fell 3.06 percent to Rs 90.54 and Avalanche tumbled 0.84 percent to Rs 7,100. Polkadot tumbled 5.25 percent to Rs 1,622.21 and Litecoin was down 4.3 percent to Rs 10,365 in the last 24 hours. Tether was up 0.79 percent to Rs 79.22.
Memecoin SHIB fell 6.83 percent, while Dogecoin decreased by 4.52 percent to trade at Rs 12.02. Terra (LUNA) fell 6.16 percent to Rs 4,154.62
Tim O’Reilly, the internet guru and the man who coined the term Web 2.0, does not sound like a big fan of Web3.
“The metaverse itself is full of bubble hype,” he said. “The Meta Quest2 [the VR headset previously called Oculus], they're selling a bunch of 'em, but the technology is a long way from prime time,” he said. And while O’Reilly recognizes that the cryptocurrency and NFT space is booming, he believes its growth may be unsustainable: “... I believe that it really is a pretty serious speculative bubble on a very small foundation,” he mentioned.
A bill for a digital euro will be proposed early 2023, EU finance bigwigs announced yesterday. In an announcement first reported by Politico, EU finance chief Mairead McGuinness said that the European
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