Bitcoin price continues to surge, reaching $26,000 today
Bitcoin price recorded at 8:10 am today at $24,954.49, up 2.85% from 24 hours ago, according to CoinDesk’s Bitcoin Price Index.
During the day, the highest price of bitcoin reached $26,501.90.
With a market capitalization of $482.46 billion, bitcoin currently accounts for 43.8% of the total market value.
In the market, 87 out of 100 coins increased in value compared to 24 hours ago.
Among them, SingularityNET saw the highest market increase, up 31.12% in a day.
The largest decrease was observed in Maker, down 4.4% in the past 24 hours.
Among the top 10 coins by market capitalization, as many as 7 out of 10 coins increased in value.
Ethereum increased by 2.14% compared to 24 hours ago, reaching $1,711.07.
Tether slightly decreased by 0.16% in a day, recorded at $1.00.
BNB increased by 0.84%, recorded at $310.50.
USD Coin decreased to $0.9993, down 0.01% in a day.
Ripple increased by 0.74% in the past 24 hours, reaching $0.3742.
Cardano slightly increased by 0.24%, recorded at $0.345.
Polygon increased by 1.3% in a day, reaching $1.20.
Dogecoin increased by 3.16%, currently priced at $0.07508.
Binance USD slightly decreased to $0.9995, down 0.16%.
The total market capitalization of cryptocurrencies recorded at 8:10 am is $1.09892 trillion.
The 24-hour trading volume on the market has increased to $102.05 billion, up 10.65% from March 14th.
Successful Shapella fork test on Beacon Chain
The Shapella fork has just been performed on the Goerli test network, the final test before Ethereum validators can withdraw Ethereum from the Beacon Chain.
However, an issue has arisen in the fork process. Ethereum core developer Tim Beiko said that while deposits are being processed, the process is not running smoothly because some validators did not update their software before the Goerli fork event.
He said that since Ethereum on the Goerli test network “has no value,” validators have no intention of updating their software. He expects servers to adjust more reasonably before the Shapella fork event occurs on the main Ethereum network in early April.
National Australia Bank completes first cross-border stablecoin transaction on public blockchain
National Australia Bank (NAB) has announced that it has completed the first cross-border stablecoin transaction of a major financial institution on a first-tier public blockchain. The interbank transaction was made using the AUDN stablecoin, which is fully backed by AUD.
The transaction was conducted on the Ethereum blockchain network using smart contracts for seven currencies, according to NAB’s announcement on March 14th. These seven currencies include AUD, NZD, SGD, USD, EUR, JPY, and GBP, according to Fireblocks.
The stablecoin is operated by the bank according to the ERC-20 standard. NAB collaborated with the Fireblocks platform and Blockfold advisory services for the project.
The trial showed that the technology could reduce transaction time from days to minutes and is part of NAB’s efforts to simplify international banking protocols, NAB said. NAB also said it will support businesses and organizations to transact in cryptocurrencies by the end of this year.