The global crypto market capitalization has dropped 0.41 percent to USD2.60 trillion, Over the previous 24 hours. Bitcoin's market capitalization/valuation has dropped by around 0.07 percent in the last day, to 41.04 percent.
Over the last 24 hours, total cryptocurrency trade volume fell by 5.93 percent to USD115.29 billion. Stablecoins (USD89.17 billion) accounted for 77.34 percent of the crypto market's 24-hour market volume, while DeFi (USD14.74 billion) contributed for 12.78 percent of total crypto volume. Bitcoin is currently trading for Rs 44,55,317, an increase of 3.13 percent.
Other significant cryptocurrencies, such as Ethereum (Rs 3,56,265.8) and Binance Coin (Rs 48,450), increased by 9.32 percent and 4.96 percent, respectively. Polkadot (Rs 57.59), on the other hand, has down 6.48 percent in the last 24 hours. SHIB, a Memecoin, increased by 10.76 percent, while DOGE increased by 7.0 percent.
The Reserve Bank of India's (RBI) proposed virtual money has not been included in the new crypto law. The central bank, on the other hand, will regulate cryptocurrency issues.
RBI, crypto industry bodies mulls steps to regulate, track crypto trading
Govt to introduce bill on cryptocurrencies soon, Nirmala Sitharaman reveals the plan
Winter session of Parliament: Cryptocurrency Bill on Lok Sabha