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HomeBusinessCryptocurrency Prices: Bitcoin Price Falls, Dogecoin Rise

Cryptocurrency Prices: Bitcoin Price Falls, Dogecoin Rise

The cryptocurrency is trading with a downside on Friday. The global cryptocurrency market cap fell by 1.79 per cent to $2.03 trillion during the previous day.

The cryptocurrency is trading with a downside on Friday.

Bitcoin Prices Today: The cryptocurrency is trading with a downside on Friday. The global cryptocurrency market cap fell by 1.79 per cent to $2.03 trillion during the previous day. Total crypto market volume increased by 0.49 percent to $101.64 billion in the last 24 hours. Where Decentralized Finance (DeFi) stood at $15.30 billion with 15.05 percent of the trading volume. At the same time, stablecoins stood at $ 73.24 billion with a gain of 72.06 percent.

The price of bitcoin is currently at Rs 34 lakh. The world’s largest cryptocurrency by market capitalization, bitcoin, has a presence in the crypto market at 40.19 percent in rupee terms. It has seen a decline of 0.54 percent during the previous day. In dollar terms, bitcoin’s market presence has declined 0.12 per cent to 39.77 per cent and is trading at $42,726.60 in the morning.

Ethereum’s fall

Bitcoin is trading at Rs 34,03,723 with a fall of 1.65 percent. Whereas, Ethereum fell by 1.48 percent to Rs 2,60,749.5.

Cardano has also come down by 4.44 percent to Rs 99.1. And Avalanche has fallen by 4.35 percent to Rs 7,150. At the same time, Polkadot has gained 2.72 percent to reach Rs 2,186. Whereas, Litecoin has risen by 0.25 percent during the last 24 hours to Rs 11,054. On the other hand, Tether has risen by 0.32 percent to Rs 79.6. And Dogecoin is trading at Rs 14.058 with a gain of 7.29 percent.

Talking about Binance USD, this cryptocurrency has gained 0.3 percent to Rs 79.24 during the last 24 hours. XRP has come down to Rs 2,186 with a jump of 2.72 percent.

The government was about to bring the bill

Let us tell you that 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.

Cryptocurrency has emerged as a popular option among people as an investment in the recent times. Especially, a large number of youth are investing money in this. However, there is also a need to be careful in this. Because its prices keep fluctuating. Therefore, people should get thorough information about it before investing money in it.

read this also: Wholesale inflation declined, wholesale inflation slipped to 13.56 percent in December

read this also: China Trade Surplus: China created history during the Corona period, trade surplus created a new record

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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