Top cryptocurrency prices today: Bitcoin, Ethereum drop; Solana rises 5%
Barring Solana and Terra, all other top digital tokens were trading in lower. Avalanche tanked about 5 per cent, whereas Bitcoin dropped 2 per cent to below $40,000. Among gainers, Solana zoomed about 5 per cent. The global crypto market cap dropped about 2 per cent to $1.78 trillion mark. On the contrary, the total crypto market volume jumped more than 31 per cent to $70.68 billion.
Presented ByDid you Know?
A statue honouring mysterious Bitcoin founder Satoshi Nakamoto was unveiled in a business park near the Danube River in the Hungarian capital Budapest
View Details »What's Cooking in IndiaAs investors explore ways to save tax on their cryptocurrency investments, crypto platforms are introducing new products. They are looking to earn interest on their crypto deposits or draw loans against cryptocurrencies, without attracting the new tax. Crypto experts estimate that between 30 and 50 Indian crypto entrepreneurs, like Polygon’s founders, now run their blockchain and crypto startups out of Dubai and Singapore, stung by a 2018 circular by the RBI which banned banks from dealing with the digital asset.Expert TakeThe cryptocurrency and the stock market have taken a tumble again due to geopolitical risks. The markets had slightly recovered when news of the Russian army withdrawing had surfaced, however, the situation has not improved, said WazirX Trade Desk. The fear in the markets has started to set in after the United States mentioned that an invasion is likely to happen, he added. «On the other hand, Bitcoin's fundamentals are improving. The Bitcoin hash rate is hitting an all-time high, adoption is on the uptrend and the need for Bitcoin is on the rise,» it added.Global updates
A simmering dispute over cryptocurrency Read more on economictimes.indiatimes.com
