The cryptocurrency has seen a decline on Monday. The global crypto market cap is present at $1.70 trillion, a decline of 2.84 percent from the previous day.
Cryptocurrency has seen a decline on Monday . The global crypto market cap is present at $1.70 trillion, which is a decline of 2.84 percent from the previous day. The total crypto market volume during the last 24 hours has grown to $62.28 billion, an increase of 16.08 percent.
Where the total volume in Decentralized Finance (DeFi) currently stands at $9.61 billion, which is 15.43 percent of the total crypto market volume in 24 hours. Volume across all stablecoins now stands at $52.19 billion, which is 83.79 percent of the total crypto market volume in 24 hours. The price of bitcoin is currently present at Rs 30.30 lakh.
Bitcoin, the world’s largest cryptocurrency by market capitalization, accounts for 42.47 per cent. It has seen a decline of 0.04 percent during a day.
Tether surge
At the same time, Ethereum has fallen by 1.82 percent to Rs 2,01,059.1 during the last 24 hours. Whereas, Tether is up 0.65 percent at Rs 79.61.
On the other hand, Cardano has fallen 0.64 per cent to Rs 61.6012. Binance Coin has come down by 2.5 percent to Rs 20,046.45. At the same time, XRP has fallen by 2.91 percent in the last 24 hours to reach Rs 1,369.45.
Dogecoin is present at Rs 8.8397, down 3.39 percent in the last 24 hours.
The government has not yet introduced the bill
Explain that the government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 for introduction in the winter session of Parliament. It was also listed for the first budget session, but it could not be presented, as the government had decided to work on it again.
Cryptocurrencies have emerged as a popular option among people in the recent times as an investment. Especially, a large number of youth are investing money in this.
Let us tell you that US President Joe Biden recently issued an executive order regarding government surveillance on cryptocurrencies. This has raised a new hope among crypto investors. The biggest crypto currency bitcoin benefited the most from this positive news.
On Wednesday, bitcoin saw a tremendous increase of 10 percent and it reached above $ 42,000. However, it again declined on Thursday amid fears that the Russo-Ukraine war would not end soon.
