Most cryptocurrencies have seen a rally on Monday.
Most cryptocurrencies have seen a rally on Monday. The global crypto market cap has risen by 6.97 percent to $875.48 billion during the last 24 hours.
Most cryptocurrencies (cryptocurrency) There has been an uptick on Monday. global crypto market cap (Crypto Market)During the last 24 hours, it has gained 6.97 percent to reach $ 875.48 billion. At the same time, the total crypto market volume fell by 11.16 percent to $ 79.28 billion. Total volume in Decentralized Finance (DeFi) stands at $5.77 billion, which is 7.28 percent of the total 24-hour volume of the crypto market. Whereas, all stablecoins (Stablecoins) Its volume is present at $68.63 billion, which is 86.56 percent of the 24-hour volume of the crypto market. bitcoin(Bitcoin) During the last 24 hours, the price of 8.03 percent has risen to Rs 16,67,464.
Bitcoin, the world’s largest and popular cryptocurrency by market capitalization, has a market presence of 43.37 percent. It has increased by 0.42 percent during the previous day.
Tether price drop
At the same time, Ethereum has come down to Rs 89,083 with a jump of 10.91 percent in 24 hours. Whereas, Tether is down 0.56 percent at Rs 82.90. Cardano is present at Rs 38.9998 with an increase of 5.03 percent.
On the other hand, Binance Coin is trading at Rs 17,334.20 with an increase of 7.69 percent. Talking about XRP, this cryptocurrency has seen a rise of 5.09 percent during the last 24 hours. This cryptocurrency is currently trading at Rs 26.5981.
At the same time, Polkadot has gained 2.55 percent to reach Rs 602.89. Whereas, Dogecoin is present at Rs 4.8499 with a jump of 11.72 percent.
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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