Cryptocurrency Prices: Bitcoin Prices Fall, Ethereum Also Slips Down

The global crypto market cap stood at $1.28 trillion on Sunday.

The global crypto market cap stood at $1.28 trillion on Sunday. No change has been seen in this during the last 24 hours. Whereas, the total crypto market volume has fallen by 25.97 percent to $ 87.53 billion in the last 24 hours.

global crypto market cap (Crypto Market) Sunday stood at $1.28 trillion. No change has been seen in this during the last 24 hours. Whereas, the total crypto market volume has fallen by 25.97 percent to $ 87.53 billion in the last 24 hours. decentralized finance (DeFi) Total volume in the U.S. stands at $14.63 billion, which is 16.72 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) Its volume is at $78.62 billion, which is 89.83 percent of the total 24-hour volume of the crypto market. bitcoin (Bitcoin) During the last 24 hours, a fall of 0.27 percent has reached Rs 24,18,538.

The price of the world’s largest and most popular cryptocurrency by market capitalization has dropped to around $25,420 this week, its lowest level since December 2020.

Tether prices also fall

At the same time, Ethereum is present at Rs 1,64,586.5 with a fall of 1.87 percent. Whereas, Tether prices have fallen 0.30 percent to Rs 81.27 in 24 hours. Cardano is trading at Rs 42.21 with a fall of 6.28 percent.

Binance Coin is down 2.54 percent and is present at Rs 23,530.21. Talking about XRP, this cryptocurrency has seen a decline of 4.20 percent during the last 24 hours. This cryptocurrency is currently trading at Rs 33.90.

On the other hand, Polkadot prices have fallen by 1.40 per cent to Rs 884.00 in the last 24 hours. Whereas, Dogecoin is present at Rs 7.06 with a fall of 5.09 per cent.

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.

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