New Delhi: The global crypto market capitalisation suffered a downfall of 0.41% over the last 24 hours to reach $2.60 trillion. Bitcoin also suffered a fall in its market dominance by almost 0.07% over the last day to stand at 41.04%.
The total cryptocurrency volume is standing at $115.29 billion over the last day, marking a fall of 5.93%. DeFi priced at $14.74 billion is accounted for 12.78% of the total crypto volume with stablecoins priced at $89.17, accounting for 77.34% of the cryptos market’s 24-hour market volume.
Currently, Bitcoin is trading at Rs 44,55,317 and is marking an uptrend of 3.13%.
Apart from Bitcoin, other major cryptocurrencies like Ethereum is priced at Rs 3,56,265.8 which rose by 9.32% and Binance Coin increased by 4.96% to reach Rs 48,450. Meanwhile, Polkadot declined by 6.48% over the last 24 hours to reach Rs 57.59.
Memecoins Shiba Inu as well increased by 10.76% along with Dogecoin which rose by 7.0%.
The government has circulated a Cabinet note issued in the winter session of the Parliament regarding the upcoming cryptocurrency bill passed on positive news for cryptocurrency investors and industry, instead of banning private cryptocurrencies. The note has regarded cryptocurrency as a crypto asset that will fall under the regulatory preview of the Securities and Exchange Board of India (SEBI).
Besides, a cut-off date will be mentioned for those investors possessing crypto assets to declare the same and bring it under the crypto exchange platform. However, no provision is granted by the government to recognise it as a legal currency.
The country’s own virtual currency by the Reserve Bank of India (RBI) has not been included with the new crypto bill. Furthermore, the central bank will regulate issues based on cryptocurrencies.
