Crypto Price Today: Polygon soars 24%, Avalanche 18%; Ethereum, Bitcoin gain up to 7%

economictimes.indiatimes.com:

Avalanche, XRP and Solana leading the returns chart. The biggest jump among top 20 cryptos — in terms of market value — was seen in Polygon, which rallied 23.81 per cent to $0.6122. Avalanche advanced 17.53 per cent to $19.62. XRP surged 12.45 per cent to $0.3648 and wiped off its seven-day losses. Solana climbed 10.87 per cent to $39.11.

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Ethereum, the second largest cryptocurrency, jumped 6.86 per cent to $1,160.32. Ethereum has advanced 6 per cent in the last seven trading sessions. Cardano added 5.95 per cent to $0.4984. Polkadot and Dogecoin added 6.66 per cent and 4.42 per cent, respectively. The largest crypto Bitcoin also climbed 4.17 per cent in the last 24 hours to top $21,000 level at $21,252, taking its one week gains to 2.56 per cent. BNB rose 6.79 per cent to $233.42. The global cryptocurrency market cap stood at $942.31 billion mark, rising 4.57 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped 7.46 per cent to $61.55 billion. India news The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets, PTI reported. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies associated with the crypto-ecosystem, besides classification on whether they are goods or services. The committee of officers comprising both Centre and states, referred to as Fitment Committee, felt that a deeper study was needed on