Cryptocurrency Prices Today on October 1: Ethereum up more than 1% – Moneycontrol

Cryptocurrency Prices Today on October 1: The global cryptocurrency market capitalisation is currently $1.92 trillion, up 0.87 percent in the past 24 hours.

October 01, 2021 / 08:34 AM IST

Most major cryptocurrencies are trading in the green onOctober1. The global cryptocurrency market capitalisation is currently $1.92 trillion, up0.87 percent in the past 24 hours.

The total cryptocurrency market volume over the last 24 hours is $89.35 billion, a decline of 3.51 percent.

Bitcoin's price is currently just above Rs34 lakhand its dominance is 42.61 percent, an increase of 0.01 percent over the day. The cryptocurrency gainedas much as 5 percent on September 30.

TikTok has partnered with creators to release a collection of non-fungible tokens (NFTs).

The collection will feature six "culturally significant" TikTok videos from select creators, including Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk

"The NFTs will be made available on Ethereum and will be powered byImmutable X, which uses StarkWare's innovative technology to create the first carbon neutral Layer-2 scaling solution for Ethereum," the company said in a statement.

US Federal Reserve Chairman Jerome Powell said hedid not intend to ban cryptocurrencies, but saidstablecoinsneed greater regulatory oversight, CoinDesk reported.

Powell made the comments while speaking before the House Financial Services Committee, saying that current high levels of inflation are likely to fade next year and won't prevent the Fed from pushing toward its goal of full employment.

Wall Street ended sharply lower onSeptember 30 and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears and budget wrangling in Washington.

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Cryptocurrency Prices Today on October 1: Ethereum up more than 1% - Moneycontrol