BNB advanced 1.56 per cent, USD Coin edged 0.03 per cent lower while XRP added 1.18 per cent. Cardano soared 13 per cent, taking its seven-day gain to 30 per cent.
Terra rose 2.28 per cent to $95.34. Solana jumped 5 per cent while Polkadot climbed 2.6 per cent. Avalanche edged 0.5 per cent higher. Dogecoin surged 11 per cent and Shibu Inu advanced 5 per cent.
The global cryptocurrency market cap rose to $1.95 trillion mark, up 1.75 per cent in the last 24 hours. Total cryptocurrency trading volumes fell 1.95 per cent to $98.24 billion, as per Coinmarketcap.
In the meantime, top cryptocurrency exchanges in India have collectively decided to not advertise during the Indian Premier League (IPL) this year, three people familiar with the development said. Last year, CoinDCX, WazirX and CoinSwitch Kuber as well as others, had collectively spent around Rs 90 crore on TV advertising for the IPL and the cricket T-20 World Cup.
Global updates
Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers.
Powell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central bankers, also said that new technologies will likely make electronic payments cheaper and faster. But they could also destabilize existing financial institutions, he said.
Australia and New Zealand Banking Group said on Thursday it carried out an Australian dollar stablecoin payment, in a landmark transaction to become the first Australian lender to mint a digital asset linked to the country’s currency. A stablecoin is a digital asset that is devised to keep its value stable in relation to another asset.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 8.54 hours, IST on March 24, 2022)
Bitcoin: $42,872.47, up 1.44%
Ethereum: $3,029.85, up 1.95%
Tether: $1.00, up 0.01%
BNB: $408.96, up 1.56%
USD Coin: $1.00, flat
XRP: $0.8405, up 1.30%
Cardano: $1.09, up 12.17%
Terra: $95.21, up 2.25%
Solana: $95.28, up 4.93%
Avalanche: $84.72, up 0.26%
Polkadot: $21.03, up 2.81%
Dogecoin: $0.1369, up 11.97%
Shibu Inu: $0.00002456, up 5.16%
