The cryptocurrencies market surged by a 0.6% in the last 24 hours with the global cryptocurrency market capitalization today at $2.32 trillion, according to CoinGecko. Bitcoin was trading at $46,922.33, which is a 0.6% increase in the last 24 hours.
Additionally, the second largest cryptocurrency, Ethereum surged 1.2% to $3,959.10. On the other hand, Dogecoin prices declined 0.3% to $0.170551 whereas Shiba Inu plunged 2.5% to $0.00003078. Other digital tokens such as XRP, Terra, Binance Coin, Polygon, Litecoin gained over the last 24 hours whereas Cardano, Solana, Polkadot prices slipped.
Meanwhile, the Reserve Bank of India (RBI) last week conveyed its stance that it is in favour of complete ban on private cryptocurrencies in India,
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