Top cryptocurrency prices today: Bitcoin, Ethereum, BNB gain up to 3%; Dogecoin, Shiba Inu fall
Barring top tokens like Bitcoin, Ethereum and BNB, which gained about 1-3 per cent, all other major crypto tokens were trading with minor losses on Friday. Avalanche dropped 5 per cent, followed by a 4 per cent fall in Terra. The global cryptocurrency market cap was trading at $1.80 trillion, marginally down in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $95.54 billion.
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View Details »What's cooking in IndiaThe Indian government will provide 'procedural clarities' on tax deducted at source (TDS) within two months, said two people familiar with the matter, Coindesk reported. Even in the boiling summers, Indian crypto exchanges are going through rough and prolonged winters, thanks to a major slump in their trading volumes, since the new regulations around virtual digital assets (VDAs) have been applied.Expert takeBitcoin traded flat for another consecutive day, showing very little growth. It has been trading in a tight range for the past few days, Edul Patel CEO and Co-founder of Mudrex, said. «A similar trend is likely to persist for coming one or two days. The second-largest crypto, Ethereum, is also trading on similar lines, showing a minor rise. In contrast, most cryptocurrencies have been running in the red over the past day,» he added.Global updates
One of the world's largest private equity investment firms with $498 billion in assets under management, Apollo Global Management, has made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy to be its first head of digital assets strategy, the company said Thursday. Dubai, United Arab Emirates-based luxury real estate developer Damac Read more on economictimes.indiatimes.com
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