Cryptocurrency Prices Today May 1: Bitcoin continues to decline, Tether inches higher

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Bitcoin’s price is currently $37,927.18. The dominance of the world’s biggest cryptocurrency is currently 42.30 percent, an increase of 0.52 percent over the day.

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Most of the cryptocurrencies traded in negative territory on May 1. The global crypto market-cap is $1.71 trillion, a 3.05 percent decrease over the last day.

The total crypto market volume over the last 24 hours is $85.89 billion, a 6.98 percent decrease. The total volume in DeFi is currently $10.53 billion, 12.26 percent of the total crypto market 24-hour volume.

The volume of all stable coins is now $73.43 billion, which is 85.49 percent of the total crypto market 24-hour volume.

Bitcoin’s price is currently $37,927.18. The dominance of the world’s biggest cryptocurrency is currently 42.30 percent, an increase of 0.52 percent over the day, according to CoinMarketCap data.

In other news, the ongoing Russia-Ukraine crisis may have the signs of what many are calling a ‘War by Crypto’. With over $60 million-worth of digital assets being transferred to DAOs and funds maintained in favour of Ukraine, suggests that this digital economy is hard at work.

According to some reports, Russia has been considering accepting Bitcoin as payment for its oil and gas exports. The ongoing conflict is the first time crypto-assets have come into prominence from a financing point of view, and this poses several new questions as to how conflicts are financed. It opens a new front on how economies adapt during conflicts.

As of 9:00 am, these were the prices of largest cryptocurrencies (data from WazirX):

NAME PRICE (INR) 24H %
Bitcoin 31,10,283 -0.68%
Ethereum 2,27,147.6 -0.35%
Tether 81.95 1.14%
Cardano 62.7600 -3.98
Binance Coin 31,359.84 -2.04%
XRP 48.3430 -2.53%
Polkadot 1,222.0 -6.88%
Dogecoin 10.6353 -2.69%

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