CURRENT PRICE OF CRYPTOCURRENCY: On Thursday, March 15, the crypto market was dominated by bears as investor morale was dampened by worries over the state of the US financial sector. Typically, when the economy is unclear and market volatility is high, fearful investors steer clear of risky investments like cryptocurrencies and gravitate towards safe-haven assets like gold and government bonds.
As the sell-off in the market for digital assets continued, the total market value of cryptocurrencies fell today by 1.33% to $1.08T. Today, the two biggest cryptocurrencies in the world both saw price declines.
The price of one bitcoin today dropped 2.22% to US$24,637.12 with a US$40,349,265,775 24-hour trading volume. The current market value of bitcoin is $475,966,732,720 USD. At US$1,644.66 the price of Ethereum has decreased by 3.11%. With a current market valuation of US$201,262,811,623, Ethereum is the second-largest cryptocurrency in the world.
During the last 24 hours, the overall volume of the cryptocurrency market has decreased by 17.49% to $77.18B. DeFi’s total volume is presently $7.01B, or 9.08% of the 24-hour volume of the whole crypto market. Stablecoin volume as a whole is $72.85B, or 94.40% of the 24-hour volume of the whole crypto market.
Top cryptocurrency tokens were spotted trading in the red today as well.
The price of Polygon was seen trading at $1.12 per token, down 6.09% from the prior close. US$659,390,238 worth of trade volume occurs in Polygon every day. Live market capitalization for Polygon is $9,769,025,437.
At US$19.20 per token, Solana was observed trading 7.50% less. The live market cap of the alternative currency is $7,361,798,789. Cardano (ADA) and XRP’s prices declined today as well.
Cardano was down 4.55% over the last 24 hours, trading at US$0.323437. The altcoin’s current market capitalization is US$11,225,648,817. The cost of one XRP coin decreased by 2.81% to US$0.360325. The live market cap of XRP is US$18,358,862,385 and it is currently ranked 6 on CoinMarketCap.
Dogecoin and Shiba Inu, two meme-based cryptocurrencies, also saw their prices decline today. At US$0.070087, Dogecoin’s price was down 4.88%. Shiba Inu’s current price is US$0.000010, down 5.88% from yesterday.
