Top cryptocurrency prices today: Dogecoin, Shiba Inu, Solana, Avalanche gain up 7%

economictimes.indiatimes.com:

Barring the US dollar-pegged stablecoin, USD Coin, all other major crypto were up during early hours. Solana and Avalanche rallied 7 per cent each, whereas Dogecoin and BNB advanced 4 per cent each. The global cryptocurrency market cap dwindled to $2.02 trillion mark, advancing more than 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped sharply as much as 32 per cent to $82.83 billion.

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What's cooking in India? — A nuanced and calibrated approach is essential for the launch of India's maiden digital currency as it would have various implications for the economy and monetary policy, Reserve Bank deputy governor T Rabi Sankar said. — RBI is planning to come out with a digital currency using blockchain technology in 2022-23 as announced by the finance minister in the Union Budget 2022-23. — Cryptocurrency exchanges are hoping to rope in large institutional investors and trying to get college students to explore blockchain deals on the other to stem the drastic drop in daily trading volumes after India introduced tax on cryptos.Expert CommentBitcoin and Ethereum traded flat in the past 24 hours. BTC and ETH have gained small amounts as investors started to digest the hawkish remarks of the US Federal Reserve, said Edul Patel, CEO and Co-founder of Mudrex. «Bitcoin is now stabilizing. A decisive action above $45,000 can reverse the current trend,» he added. «According to the market cap, most cryptocurrencies have gained decent amounts over the past day.»Global updates — A special economic zone on a tourist-centric island on Honduras'