Cryptocurrency Prices: Bitcoin Continues To Fall, Ethereum, Cardano Prices Also Fall

Global cryptocurrency market capitalization has fallen by 2.14 per cent during the last 24 hours to reach $1.86 trillion. Whereas, the trading volume fell by 11.35 percent to $ 61.44 billion.

cryptocurrency

Global Cryptocurrency ,Cryptocurrency, The market capitalization has declined by 2.14 percent to reach $1.86 trillion during the last 24 hours. Whereas, the trading volume fell by 11.35 percent to $ 61.44 billion. where decentralized finance (DeFi) The 24-hour cryptocurrencies are present at $7.11 billion with 11.58 percent of the trading volume. Whereas, stablecoins (Stablecoins) With 80.37 percent, it has reached $ 49.37 billion. bitcoin (Bitcoin) Its market presence has increased by 0.31 percent to 42.60 percent. The world’s largest cryptocurrency by market capitalization is trading at $41,687.64 today.

In rupee terms, bitcoin is trading at Rs 33,30,681 with a fall of 1.14 per cent. Whereas, Ethereum has fallen by 2.22 percent to reach Rs 2,27,351. At the same time, Cardano has fallen by 3.13 percent to Rs 81.88. And Avalanche has come down by 5.27 percent to Rs 6,128.8.

Polkadot, Litecoin also declined

On the other hand, Polkadot has come down by 3.85 percent to Rs 1,451.04. And Litecoin has slipped 2.76 percent to Rs 9,729.4 in the last 24 hours. At the same time, Tether has risen by 0.2 percent to Rs 79.71.

Talking about Mimcoin SHIB, it has seen an increase of 2.96 percent. Whereas, Dogecoin prices are trading 1.68 percent higher at Rs 11.68. Terra (LUNA) is down 1.66 per cent at Rs 4,130.14.

On the other hand, talking about Solana, this cryptocurrency has fallen by 4.46 percent to Rs 7,327.73 during the last 24 hours. XRP has seen a decline of 3.27 percent. It is currently trading at Rs 62.87. Whereas, Axie has come down by 5.77 percent to Rs 4,463.5.

There is no law in India yet for regulation of cryptocurrencies

Let us tell you that the government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced 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.

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