On Wednesday, November 24,  the global cryptocurrency market capitalization went uup by 4.84 percent to USD2.58 trillion. Despite a 1.90 percent drop in the last 24 hours, Bitcoin dominated the market with a 41.71 percent hold at USD56,942.32. The overall crypto market volume increased by 62.53 percent in the last 24 hours to USD124.40 billion.

Ethereum increased by 2.99 percent to USD4,273, while Solana declined by 0.76 percent to USD217.8. Solar Energy, up 40,467 percent, and Bankless DAO, up 12.745 percent, were the largest gainers in the market over the last day. DOGE, a memecoin, increased by 2.01 percent, while SHIB fell by over 6.07 percent. Notably, these coins are currently trading for less than a dollar.

The entire trading volume in the DeFi area was USD18.48 billion in the last 24 hours, accounting for 14.86 percent of the total crypto intraday volume. The volume of stablecoins was USD96.48 billion, or about 77.56 percent of the cryptocurrency market's 24-hour volume.

According to a statement from the Lok Sabha, a bill to "prohibit all private cryptocurrencies in India" is among the 26 bills that will be introduced in the winter session of Parliament.

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