Top cryptocurrency prices today: Bitcoin hits $42,000; Dogecoin, Shiba Inu zoom up to 26%

economictimes.indiatimes.com:

cryptocurrency market was trading higher on Monday, with tokens associated with gaming witnessing a strong rise. That said, the recent rebound in prices of Bitcoin and Ethereum have turned investors cautious. Barring Terra, all other nine out of the top-10 digital tokens were trading with decent gains. Meme tokens like Dogecoin jumped more than 7 per cent while its peer Shiba Inu rallied 26 per cent. The global crypto market cap dropped almost 2 per cent to $1.94 trillion. However, the total crypto market volume dropped more than 9 per cent to $65.01 billion.

Did you Know?

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs

What's Cooking in India India could widen the definition of virtual digital assets to cover any new such assets that may emerge and also further refine the provision to tax these assets. The budget for FY23 announced last week proposes to tax any income from the transfer of any virtual digital asset at a flat 30 per cent rate. The provision will be applicable from April 1, 2022. Also, the industry body representing cryptocurrency exchanges has decided to reach out to relevant policymakers to brief them about complications arising out of the government’s move to levy a 1 per cent TDS on all crypto transactions.Global updates