Cryptocurrency Prices: Bitcoin Price Rise, Ethereum Rise

The major cryptocurrencies have seen a rally on Monday.

The major cryptocurrencies have seen a rally on Monday. The global crypto market cap has risen 4.43 percent to $ 1.25 trillion during the previous day.

big cryptocurrencies (cryptocurrency) There has been an uptick on Monday. global crypto market cap (Crypto Market) During the previous day, with a rise of 4.43 percent, it has reached $ 1.25 trillion. Total Crypto Market Volume (Crypto Market Volume) During the last 24 hours, it has increased by 4.74 percent to $ 53.47 billion. bitcoin (Bitcoin) During the last 24 hours, an increase of 2.96 percent has reached Rs 24,34,667. The world’s largest and most popular cryptocurrency by market capitalization bitcoin The price has fallen by 0.09 percent to 45.84 percent.

At the same time, Ethereum has risen by 5.27 percent in the last 24 hours to 1,51,830.8. Whereas, Tether prices are down by 0.78 percent at Rs 81.18.

Cardano also saw a rise

Cardano is trading at Rs 41.3600 with a jump of 10 per cent in 24 hours. Binance Coin has come up with an increase of 3.7 percent at Rs 25,502.00. Talking about XRP, this cryptocurrency has seen a rise of 3.94 percent during the last 24 hours. This cryptocurrency is currently present at Rs 32.3999.

At the same time, Polkadot has gained 8.99 percent to Rs 835.18. Whereas, Dogecoin has gained 4.6 percent to reach Rs 6.8607.

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.

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Apart from this, top officials of the Reserve Bank of India (RBI) told a parliamentary committee this month that cryptocurrencies could lead to dollarization of a part of the economy, which would be against India’s sovereign interests.

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