Cryptocurrency Prices: Bitcoin Prices Rise, Ethereum Also Surges

Most cryptocurrencies have seen a rally on Wednesday.

Most cryptocurrencies have seen a rally on Wednesday. The global crypto market cap has reached $1.43 trillion. It has increased by 0.31 percent during the previous day.

Most cryptocurrencies ,Cryptocurrency,There has been an uptick on Wednesday. global crypto market cap (Crypto Market) reached $1.43 trillion. It has increased by 0.31 percent during the previous day. At the same time, the total crypto market volume during the last 24 hours has been $ 156.47 billion, with a decline of 14.64 percent. where decentralized finance (DeFi)The total volume in the U.S. is currently $21.09 billion, which is 13.48 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins)The volume now stands at $140.93 billion, which is 90.07 percent of the total 24-hour volume of the crypto market.

The price of bitcoin is currently Rs 25.55 lakh. Bitcoin, the world’s largest and most popular cryptocurrency by market capitalization, has gained 0.01 percent during the past 24 hours.

Tether price rise

At the same time, Ethereum has gained 1.44 percent to Rs 1,93,158.9 during the last 24 hours. Whereas, Tether prices have fallen 0.79 percent to Rs 81.20. Cardano has fallen 1.4 percent to Rs 51.5809.

On the other hand, Binance Coin is trading at Rs 26,000 with a fall of 1.92 percent.

Talking about XRP, this cryptocurrency has increased by 1.31 percent to Rs 41.8026 during the last 24 hours. Whereas, Polkadot has come down to Rs 931.00 with a jump of 1.52 percent. Dogecoin is present at Rs 8.9609 with a jump of 0.8 percent.

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.

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.