The last 24 hours have seen an increase in the market for cryptocurrencies. The global market cap has gone up by 2.62 per cent in the last 24 hours and is at $1.31 trillion as of 7: 30 AM IST, according to CoinMarketCap data.
The price of cryptocurrencies is up by a significant 2.67 per cent, and is trading at $30,741. The price of ether was up by 2.57 per cent and is trading at $2,096.
The USDT Tether has shown a 0.01 uptrend in the last 24 hours and is trading at $0.999. Whereas the USDC stablecoins had a 0.04 per cent decline in its value, it is trading at $1.
The BNB token has gone up by 3.06 per cent.
The XRP Ripple token has gone up by 4.41 per cent from its value in the last 24 hours.
The BinanceUSD stable coin is down 0.05 per cent.
Doge, the popular meme coin, is up $2.43 per cent and is at the spot of the tenth most valuable token.
The Terra Luna withdrawals have been resumed by the KuCoin exchange. The exchange ofCrypto.com has resumed deposits of Terra Luna.
The Terra Luna fiasco has put a lot of heat to stable coins and put them on the radar of regulators. In the near future, stablecoins are likely to be regulated in the near future due to the collapse of TerraUSD, according to US SEC Commissioner Hester Peirce.
Goldman Sachs and Barclays invested in the platform Elwood Technologies, which is a leading investment bank.
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