Cryptocurrencies maintained their value amid global political uncertainty, but investors remained concerned about the Russian-Ukraine situation and worldwide inflation. In the midst of the global crypto market’s volatility, Bitcoin and Ethereum, two major cryptocurrencies, have remained flat. Stablecoins accounted for 80.55 percent of the 24-hour cryptocurrency trading volume, or $56.08 billion, with DeFi accounting for 13.34 percent at $9.29 billion.

Ethereum increased 0.17 percent to Rs 2,45,505.3, while Bitcoin dipped 0.03 percent to Rs 34,26,961. Avalanche was up 4.56 percent to Rs 7,644.04. Memecoin SHIB was up 1.46 percent to Rs 11.65, while Dogecoin was down 0.45 percent to Rs 11.65. Terra (LUNA) increased by 0.24 percent to Rs 4,385.31 per unit. Cardano was down 0.46 percent to Rs 85.16.

In the last 24 hours, Polkadot declined 0.11 percent to Rs 1,547.43 while Litecoin fell 1.58 percent to Rs 9,932.51. Tether was trading at Rs 77.98, down 0.1 percent. Solana fell by 4.96 percent at Rs 7,390.34.

The global crypto market valuation remained unchanged at $1.99 trillion. In addition, overall crypto market volume fell by more than 7% to $69.68 billion.

In the last 24 hours, Bitcoin and Ethereum have traded over $43,000 and $3,000, respectively, according to Edul Patel, CEO and Co-founder of Mudrex. Many large altcoins are losing money. Bitcoin is trading in a range, with initial support at US$40,000 and resistance at US$46,000.

Read Also: Cryptocurrency prices on February 16: Bitcoin, Ethereum, Litecoin, Solana | Check the price list here

In recent updates, new research says that 4,068 criminal whales own $25 billion in cryptocurrencies. Criminal crypto whales, according to the company, are any private wallet with $1 million or more in bitcoin that has obtained 10% or more of those assets through unlawful addresses.

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