Cryptocurrency Prices Today on March 17: Bitcoin, Ethereum rise as Ukraine legalises cryptos
The global cryptocurrency market-capitalisation jumped 3.85 percent over the last 24 hours to $1.83 trillion, while trading volumes rose 42.02 percent to $105.42 billion during this period.
The total volume in the decentralised finance (DeFi) space stood at $14.37 billion, around 13.63 percent of the aggregate 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $89.15 billion, making up 84.57 percent of the 24-hour cryptocurrency trading volume.
Bitcoin's market dominance was up 0.15 percent to 42.77 percent and the largest currency in the crypto space was trading at $41,118.45, breaching the $40,000-mark on the morning of March 17.
In rupee terms, Bitcoin rose 2.13 percent to trade at Rs 31,93,968 while Ethereum rose 3.44 percent to Rs 2,15,659.
Cardano was up 1.37 percent to trade at Rs 65.02 and Avalanche rose 5.23 percent to Rs 5,886.90. Polkadot was up 3.17 percent to Rs 1,490 and Litecoin tumbled 0.59 percent to Rs 8,590 in the last 24 hours. Tether was down 0.6 percent to Rs 77.85
Memecoin SHIB was up 1.38 percent, trading at Rs 0.0017 while Dogecoin rose by 0.95 percent to trade at Rs 9.12. Terra (LUNA) dipped 3.37 percent to Rs 6,840, while Algorand (ALGO) dropped 0.92 percent to Rs 56.92
In other news, amidst its ongoing conflict with Russia, Ukrainian President Volodymyr Zelensky has officially signed a law “On Virtual Assets” legalizing cryptocurrency assets in the country.
The signed law defines what is considered a crypto asset and taps the National Bank of Ukraine and its National Commission on Securities and Stock Market as crypto regulators, and establishes other regulations surrounding who can offer cryptocurrencies and how they must be registered in Ukraine.
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