Majority of assets crypto- drove in the red zone on Sunday (27/2) morning. This comes as the Russian offensive draws closer to Kiev, the capital Ukraine.
Quoting coinmarket.com, cardano (ADA) weakened the most significantly to 6.62 percent in the last 24 hours. Now, the crypto asset is perched at the level of US $ 0.86 per chip.
The weakening was followed by ripple (XRP) which reached 6.58 percent in the last 24 hours and 8.46 percent in the past week. Currently, ripple is at the level of US$0.73 per chip.
Likewise with solana (SOL) which was corrected by 6.47 percent in the last 24 hours. Crypto with a capitalization value of US $ 27.94 billion is at the level of US $ 87.25 per chip.
Then, binance coin (BNB) was observed to have corrected 3.84 percent in the last 24 hours. As a result, binance landed at the level of US $ 366.41 per chip.
Meanwhile, bitcoin (BTC) is perched at the level of US $ 38,515 per chip. The cryptocurrency with the highest market capitalization weakened 2.74 percent in the last 24 hours and 3.64 percent in the last 7 days.
Then, tether (USDT) was down 0.01 percent in the last 24 hours and usd coin (USDC) was down 0.02 percent in the last 24 hours.
Then, avalanche (AVAX) was depressed 2.48 percent in the last 24 hours to a level of US $ 79.67 per chip. If seen in the last week, the crypto was corrected 5.39 percent.
Of the 10 cryptocurrencies with the largest capitalization value, only terra (LUNA) is moving positively. Terra gained 1.16 percent in the last 24 hours to $75.25 per chip.
For information, crypto money is still prohibited as a means of payment in Indonesia. However, crypto is a commodity futures exchange, so it doesn’t matter as long as it is used as an investment or as a commodity traded by market participants.
Crypto money is regulated by the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade through CoFTRA Regulation No. 2 of 2019 concerning the Implementation of the Physical Commodity Market on the Futures Exchange.
In addition, crypto rules are also listed in CoFTRA Regulation Number 8 of 2021 concerning Guidelines for the Implementation of Crypto Asset Physical Market Trading on the Futures Exchange.
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