The global crypto market capitalisation fell by 0.04 percent over the last 24 hours to stand at $2.36 trillion. Bitcoin, currently trading at $49,893.84 saw a fall in its market dominance by about 0.60 percent over the last day to stand at 39.91 percent.

The total cryptocurrency trading volume over the last 24 hours was $102.50 billion, declining by 6.04 percent. While DeFi ($16.06 billion) accounted for 15.67 percent of the total crypto volume, stablecoins ($80.36 billion) made for 78.40 percent of the crypto market's 24-hour market volume.

As for major cryptocurrencies globally, Bitcoin declined marginally by 1.20 percent while Ethereum (Rs 3,49,556) rose by 1.47 percent. Cardano (Rs 109.39) fell by 0.09 percent. Avalanche (Rs 7,267.37) rose by 1.87 percent, Polkadot (Rs 2,326.97) fell by 0.82 percent and Litecoin (Rs 12,851.86) also tumbled by 0.44 percent over the last 24-hours.

Memecoins SHIB also shrank by around 0.43 percent while DOGE shrank by 0.43 percent. Bitcoin is currently trading at Rs 39,82,246.

In the US, the chief executive officers of half a dozen cryptocurrency firms, namely Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO Charles Cascarilla, Stellar Development Foundation CEO Denelle Dixon and Coinbase Inc. CEO Alesia Haas appeared before the Congress for a five-hour session as lawmakers and the cryptocurrency industry deliberated to regulate and bring the more than $2 trillion market under government scrutiny.

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