Ether also appeared to follow the path of Bitcoin and its price also increased slightly. According to Gadgets 360’s crypto price tracker, the world’s second largest cryptocurrency by market cap was trading at $2,976 (approximately Rs 2.2 lakh), up 1.66 percent at the time of writing this news.
A day after India announced a 30 per cent tax on earnings from transactions in “virtual digital assets”, the market chart appeared green. According to industry insiders, this tax system has indirectly legalized the crypto space in the Indian market.
The prices of Tether, Binance Coin, USD Coin, Cardano, Solana, and Ripple also showed an upward trend today.
The interesting thing is that the price of Mime Coin Dogecoin (Dogecoin price in India today) has also finally seen an increase. This coin was trading in losses for a long time. At the time of writing, DOGE was trading at $0.15 (approximately Rs.11.5), up 0.18 percent.
However, Shiba Inu price in India today has registered a decline of 0.46 percent, and as of writing the news, it was trading at $0.000023 (approximately Rs.0.001735).
There are a few other altcoins including Terra, Polygon, Chainlink, and Uniswap, which have registered minor losses.
Overall, the cryptocurrency market has recovered slightly this year after being at several-week lows.
As of now, the market cap of the crypto market is $1.770 trillion (approximately Rs 1,32,48,250 crore) according to CoinMarketCap.<!–
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