Cardano rises, causing BTC and ETH to drop slightly

The worldwide cryptocurrency market capitalization increased by 1.40 percent to $1.77 trillion in the last 24 hours, but trade volumes fell by 35.79 percent to $53.45 billion. The entire volume in the decentralised finance (DeFi) area was $9.52 billion, accounting for approximately 17.81 percent of the 24-hour bitcoin trading volume. Stablecoins accounted for $43.49 billion in total volume, or roughly 81.38 percent of the 24-hour cryptocurrency trading volume. On the morning of March 6, Bitcoin’s market domination declined 0.24 percent to 42.18 percent, and the currency was trading at $39,395.22.

In other news, Ukraine has reportedly received $57 million in cryptocurrency donations to aid its defence against Russia, according to blockchain tracker Elliptic. The New York Times and others have called that amount “a drop in the bucket in the context of the conflict,” but it is no small amount in any context, and it is $57 million Ukraine is happy to receive.

In rupee terms, Bitcoin declined 0.61 percent to trade at Rs 30,93,933 while Ethereum fell 0.03 percent to Rs 2,09,100. Cardano was up 1.27 percent to Rs 67.56 and Avalanche fell 0.02 percent to Rs 5,995.9. Polkadot was up 1.08 percent to Rs 1,332.46 and Litecoin rose 0.86 percent to Rs 8,124.17 in the last 24 hours. Tether was down 0.19 percent to Rs 79.39. Memecoin SHIB rose 0.05 percent, while Dogecoin was down by 0.01 percent to trade at Rs 9.75. Terra (LUNA) rose 3.79 percent to Rs 6,762.12.

News Summary:

• Cardano rises, causing BTC and ETH to drop slightly
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