Global crypto market capitalisation dropped by 0.31 percent in the last 24 hours, to $2.36 trillion. Bitcoin is currently trading at $50664.45 and has seen a drop in market dominance of 0.09 percent over 24 hours to reach 40.49 percent.
Over the past 24 hours, cryptocurrency trading volume was $109.05 trillion. This is a decline of 20.78 percent. DeFi ($15.98 Billion) was responsible for 14.65 percent, while stablecoins ($85.69 Billion) were responsible for 78.57% of the 24-hour crypto market volume.
Globally, Bitcoin fell marginally by 0.29 percent and Ethereum ($4,331.66) fell 0.13 percent. Binance Coin (577.41) also dropped by 1.63 percent. Solana ($191.52) dropped by 1.85 percent. Cardano ($1.38) plummeted by 4.02 percent. Avalanche (89.74%) tumbled by 4.11 percent. Polkadot (19.93) rose 6.17 percent. Litecoin (163.58) also jumped 2.35 percent in the last 24 hours.
The Central government may give Indian cryptocurrency holders a deadline to declare their assets and comply with the new rules. The proposals call for a maximum penalty of Rs 20 crore, which is approximately $2.7 million, and a minimum of 1.5 years imprisonment. To protect small investors, the proposals also propose a minimum investment threshold.
William Burns, Director of the US Central Intelligence Agency, has admitted that there are multiple projects by the CIA to track cryptocurrency in a coordinated effort to fight ransomware.
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