Cryptocurrency Prices: Bitcoin Prices Fall, Ethereum Also Slips Down

Most cryptocurrencies fell on Monday.

Most cryptocurrencies fell on Monday. The global crypto market cap has fallen by 1.19 percent to $947.66 billion during the last 24 hours.

Most cryptocurrencies (cryptocurrency) declined on Monday. global crypto market cap (Crypto Market)During the last 24 hours, it fell by 1.19 percent to $ 947.66 billion. At the same time, the total crypto market volume has increased by 14.44 percent to $ 56.82 billion during the period. Total volume in Decentralized Finance (DeFi) stands at $5.22 billion, which is 9.19 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) The volume has grown to $50.25 billion, which is 88.43 percent of the crypto market’s 24-hour volume. bitcoin (Bitcoin) During the last 24 hours, the prices have fallen by 0.04 percent to reach Rs 17,59,967.

Bitcoin, the world’s largest and popular cryptocurrency by market capitalization, has a market presence of 42.46 percent. It has seen a decline of 0.03 percent during the day.

Tether surge

At the same time, Ethereum has fallen 0.09 percent in 24 hours to reach Rs 1,01,899. Whereas, Tether is up 0.69 percent at Rs 83.14. Cardano is trading at Rs 41.5033 with a change of 0 per cent.

On the other hand, Binance Coin fell by 2.29 percent to Rs 19,210.01. Talking about XRP, this cryptocurrency has seen a rise of 1.22 percent during the last 24 hours. This cryptocurrency is currently present at Rs 30.4998.

At the same time, the prices of Polkadot have come down by 3.14 percent to Rs 656. Whereas, Dogecoin has gained 11.62 percent to Rs 6.2397.

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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