Cryptocurrency Prices Today: Bitcoin, Ethereum jump 9per each
Categories: Crypto News
New Delhi: In the latest development, it has been reported that the market capitalisation of global cryptocurrency rose to $1.87 trillion from $1.70 trillion over the last 24 hours. The trading volume or the number of shares traded within the same period also increased to $90.36 billion from $68.72 billion on February 4.The market dominance of Bitcoin was climbed to 41.65 per cent. As per the market value on February 5, the virtual token was trading at $41.388.68. However, the world’s biggest virtual currency in terms of market price has recovered 23.2 per cent from the year’s low of $32,950.072 on January 24.In rupee terms, Bitcoin and Ethereum get a smile on the face of their investors. Bitcoin registered a jump of 9 percent to reach Rs 32,33,214, while Ethereum advanced by 9.5 per cent to reach Rs 2,34,199.9. Avalanche registered the highest jump of 12.07% to reach Rs 6,098.397 in the past 24 hours, followed by XRP (7.16%), Litecoin (7.05%), Solana (6.76%) Axie (6.75%), Cardano (6.08%).On the other hand, Tether was trading at Rs 78.19 following the decrease of 1.84%.Notably, the government has decided to impose a tax of 30% on the gain made on trades of cryptocurrencies. Finance Secretary TV Somanathan also clarified after the announcement of the budget saying, ”Digital rupee issued by RBI will be a legal tender. Rest all aren’t legal tender, will not, will never become legal tender.”