Cryptocurrency News Today: Bitcoin survived sliding below the key psychological milestone of $40,000 on Monday

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Early on January 10, cryptocurrencies were mixed. The worldwide cryptocurrency market capitalization is now $1.97 trillion, up 0.13 percent from the previous day. The overall crypto market volume for the last 24 hours has decreased by 22.95 percent to $71.09 billion.

The overall volume in DeFi its present $13.29 billion, accounting for 18.69 percent of the entire 24-hour volume in the cryptocurrency market. The overall volume of all stable currencies is currently $54.76 billion, accounting for 77.04 percent of the whole 24-hour volume of the crypto market.

Bitcoin’s price is presently Rs 33.90 lakh, and its market share is 40.33 percent, down 0.16 percent from the previous day.

PayPal has been making inroads into the bitcoin sector on a business level. It will let anyone purchase, trade, and transfer cryptocurrency in 2020, although it is presently only available in the United States.

PayPal’s senior vice president of crypto and digital currencies, Jose Fernandez da Ponte, told Bloomberg that the corporation is currently looking into the possibility of creating its own stablecoin. Stablecoins are a kind of digital money linked to the value of a redeemable stable reserve asset such as the dollar, rupee, or the value of an actual commodity.

Meanwhile, the crypto industry exploded in 2021, thanks to El Salvador’s adoption of bitcoin as legal coinage and a wave of institutional funds pouring into the space.

With Beeple’s $69 million digital artwork sale and the entry of play-to-earn games into the industry, we witnessed the growth of NFTs. In an interview, blockchain specialist Karthik Iyer speaks with consulting editor Rahul Jagtiani about the future of Ethereum and other blockchains and other crypto developments in 2022.