Most cryptocurrencies have seen a decline on Saturday.
Most cryptocurrencies have seen a decline on Saturday. The global crypto market cap fell by 1.59 percent to $886.55 billion during the last 24 hours.
Most cryptocurrencies (cryptocurrency) A decline has been observed on Saturday. global crypto market cap (Crypto Market) During the last 24 hours, a decline of 1.59 percent has reached $ 886.55 billion. At the same time, the total crypto market volume fell by 24.60 percent to $ 57.13 billion during this period. Total volume in Decentralized Finance (DeFi) stands at $4.28 billion, which is 7.49 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) Its volume stands at $51.18 billion, which is 89.58 percent of the crypto market’s 24-hour volume. bitcoin (Bitcoin) Prices have fallen by 2.2 percent to Rs 16,91,939 during the last 24 hours.
Bitcoin, the world’s largest and popular cryptocurrency by market capitalization, has a market presence of 43.94 percent. It has seen a decline of 0.17 percent during the previous day.
Tether price also decreased
At the same time, Ethereum is present at Rs 89,499, down 2.04 percent in 24 hours. Whereas, Tether prices have declined by 0.14 per cent to Rs 82.86. Cardano is trading at Rs 40.1957 with a fall of 2.2 percent.
On the other hand, Binance Coin fell by 2.34 percent to Rs 17,484.40. Talking about XRP, this cryptocurrency has seen a decline of 3.01 percent during the last 24 hours. This cryptocurrency is currently trading at Rs 26.3709.
At the same time, the prices of Polkadot have fallen by 0.71 percent to Rs 600.90 during the last 24 hours. Whereas, Dogecoin is down 0.17 percent at Rs 4.6924.
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.