Cryptocurrency Prices: Bitcoin Prices 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 has fallen by 2.65 percent to reach $1.23 trillion during the previous day.

Most cryptocurrencies have seen a decline on Thursday. The global crypto market cap has fallen by 2.65 percent to reach $1.23 trillion during the previous day. The total crypto market volume is up 21.76 percent to $67.03 during the last 24 hours. Total volume in Decentralized Finance (Defi) stood at $7.02 billion, which is 10.48 percent of the total 24-hour volume of the crypto market. At the same time, the volume of all stablecoins is present at $ 57.81 billion, which is 86.23 percent of the total 24-hour volume of the crypto market. The price of bitcoin has fallen by 2.47 percent during the last 24 hours to reach Rs 24,64,461.

At the same time, bitcoin, the world’s largest and popular cryptocurrency by market capitalization, has a market presence of 46.54 percent, with an increase of 0.32 percent during the previous day.

Tether also declined

At the same time, the prices of Ethereum have declined by 1.55 percent to Rs 1,45,873.9. Whereas, Tether has fallen 0.38 percent to Rs 81.66. Cardano is down 0.86 percent at Rs 51.77.

On the other hand, Binance Coin is trading down 0.81 percent at Rs 23,451. Talking about XRP, this cryptocurrency has seen a decline of 1.01 percent during the last 24 hours. This cryptocurrency has currently reached Rs 32.59. At the same time, Polkadot is down 3.25 percent in 24 hours and is present at Rs 736.05. Whereas, Dogecoin has fallen by 1.96 percent to Rs 6.47.

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.