Cryptocurrency Prices Today : Market in the green today as Bitcoin, Ethereum rise
The global cryptocurrency market-capitalisation rose 4.44 percent over the last 24 hours to $1.94 trillion while trading volumes were up 15.22 percent to $70.52 billion.
While decentralised finance (DeFi) accounted for 11.61 percent of the 24-hour cryptocurrency trading volume at $8.19 billion, stablecoins constituted 81.29 percent of the same at $57.33 billion.
Bitcoin's market dominance fell by 0.12 percent to 42.47 percent and the currency was trading at $43,460.60 on the morning of February 15.
In rupee terms, Bitcoin rose 2.58 percent to trade at Rs 34,15,167, while Ethereum rose 4.68 percent to Rs 2,38,000.1
Cardano rose 4.11 percent to Rs 85.04 and Avalanche rose 7.73 percent to Rs 6,603.6. Polkadot jumped 4.68 percent to Rs 1,518.95 and Litecoin was up 3.5 percent to Rs 10,050 in the last 24 hours. Tether was down 1.13 percent to Rs 78.72.
Hackers stole $21 million in Bitcoin and $15 million in Ethereum from retirement accounts held with IRA Financial Trust on February 8, according to a report from Bloomberg based on an anonymous source. FinTech startup Gemini, which manages these individual retirement accounts in non-traditional assets, has been dealing with allegations of a major hack for nearly a week.
IRAs, or individual retirement accounts, are tax-advantaged savings instruments for U.S. workers, who can deduct their contributions from their income. For instance, if you make $60,000 but contribute $5,000 to an IRA, you're only taxed on $55,000; you only pay taxes once you withdraw funds. IRAs allow for investments in stocks, bonds and mutual funds, but not cryptocurrencies. However, Self-directed IRAs, like the kind IRA Financial Trust offers, do.
Coinbase Chief Marketing Officer Kate Rouch, in a recent blogpost
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