Cryptocurrency Prices: Bitcoin prices continue to fall, Ethereum also slips down

Most cryptocurrencies have seen a decline on Thursday.

Most cryptocurrencies have seen a decline on Thursday. The global crypto market cap now stands at $1.23 trillion, a decline of 13.2 percent during the previous day.

Most cryptocurrencies ,Cryptocurrency, A decline has been observed on Thursday. global crypto market cap (Crypto Market) Now it is $ 1.23 trillion, which has decreased by 13.2 percent during the previous day. The total crypto market volume during the last 24 hours is $218.94 billion. It has gained 42.50 percent during this time period. where decentralized finance (DeFi) The total volume in the U.S. currently stands at $26.95 billion, which is 12.31 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) The volume now stands at $207.58 billion, which is 94.81 percent of the total 24-hour volume of the crypto market.

The price of bitcoin has fallen by 6.46 percent to Rs 23,81,509 during the last 24 hours. Bitcoin, the world’s largest and most popular cryptocurrency by market capitalization, accounts for 44.36 percent. There has been an increase of 2.46 percent during the day.

Tether price drop

At the same time, Ethereum is down 13.85 percent at Rs 1,65,500.0. Whereas, Tether is trading at Rs 83, down 1.97 per cent. Cardano has fallen 27.3 percent to Rs 37.

Talking about Binance Coin, this cryptocurrency has reached Rs 18.47 during the last 24 hours.

On the other hand, XRP has declined by 25.21 percent to reach Rs 31.2036. At the same time, the prices of Polkadot have fallen by 25.11 percent to Rs 690.86. Whereas, Dogecoin slips down 26.04 and is present at Rs 6.5533.

Digital currency can replace cash: RBI Deputy Governor

Let us tell you that RBI Deputy Governor T Rabi Shankar said in a webinar a few days ago that Central Bank Digital Currency (CBDC) can replace cash-based transactions to some extent in India. Shankar had said that in the last five years, where digital payments have grown in India at an average annual growth rate of around 50 per cent. At the same time, the supply of currency has almost doubled.

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Apart from this, 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.