Cryptocurrency Prices: Bitcoin Prices Rise, Ethereum Also Surges

Most cryptocurrencies have seen a rally on Monday.

Most cryptocurrencies have seen a rally on Monday. The global crypto market cap is present at $1.31 trillion, an increase of 3.02 percent during the previous day.

mostly cryptocurrency (cryptocurrency) There has been an uptick on Monday. global crypto market (Crypto Market) The cap is present at $1.31 trillion, an increase of 3.02 per cent during the previous day. The total crypto market volume during the last 24 hours stood at $76.98 billion, a decline of 11.49 percent. decentralized finance (DeFi) Total volume in the U.S. currently stands at $10.25 billion, which is 13.31 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) Its volume now stands at $68.32 billion, which is 88.75 percent of the total 24-hour volume of the crypto market.

The price of bitcoin has risen by 2.28 percent during the last 24 hours to reach Rs 24,70,230. Bitcoin, the world’s largest and popular cryptocurrency by market capitalization, currently accounts for 44.34 per cent, with a drop of 0.24 per cent during the day.

Big jump in Cardano

At the same time, the price of Ethereum has increased by 2.89 percent to Rs 1,69,331 in the last 24 hours. Whereas, Tether is present at Rs 81.19 with a gain of 0.13 per cent. Cardano is trading at Rs 48 with a jump of 13.79 percent.

On the other hand, Binance Coin has gained 4.83 percent during the last 24 hours to Rs 24,600. Talking about XRP, this cryptocurrency has seen an increase of 3.44 percent in 24 hours. This cryptocurrency is currently trading at Rs 35.2214.

At the same time, the prices of Polkadot are up by 3.33 percent at Rs 917. Whereas, Dogecoin is trading at Rs 7.3132 with a gain of 2.69 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.

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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.