Crypto Market Watch: Ethereum, Solana, Polkadot rally up to 7 pc

New Delhi: Despite investors recording profits in Dogecoin, the cryptocurrency market continued its advances on Wednesday, December 1.

With the exception of Dogecoin and Tether, all of the top ten digital tokens were trading upward. Ethereum increased by 7 percent, while Solana and Polkadot increased by 5 percent. In comparison to the previous day, the worldwide crypto market capitalization increased by a little more than 1 percent to USD2.64 trillion. The whole crypto market volume, on the other hand, increased by nearly 23 percent to USD130.71 billion.

Institutional investors rushed to cryptocurrency products and funds in the first 11 months of the year, despite price drops in recent weeks, according to statistics from digital asset manager CoinShares.

Finance Minister Nirmala Sitharaman has told Rajya Sabha that the government is reviewing the advertising monitor's standards to determine what can be done to address concerns about deceptive commercials pushing bitcoin.

RBI, crypto industry bodies mulls steps to regulate, track crypto trading

Govt to introduce bill on cryptocurrencies soon, Nirmala Sitharaman reveals the plan

No proposal to recognise Bitcoin as a currency: Nirmala Sitharaman

 

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