Top cryptocurrency prices today: Bitcoin, Dogecoin, Solana, Shiba Inu shed up 10%

economictimes.indiatimes.com:

Poor earnings from Meta, formerly known as Facebook, also spoiled the market mood. Weaker guidance for the ongoing quarter added to the woes. Meanwhile, wormhole hole network being down for maintenance impacted the DeFi space. The trading volumes too remained thin. Barring the US dollar-pegged USD Coin, all of the other nine out of the top-10 digital tokens were trading lower during the trade on Thursday. Terra and Solana plunged 9 per cent each while Cardano dropped 6 per cent and Shiba Inu 4 per cent.

Did you Know?

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs

The global crypto market cap dropped more than 4 per cent to $1.70 trillion. However, the total crypto market volume gained more than 5 per cent to $68.31 billion.What's Cooking in IndiaThe tax regime for virtual assets was proposed in the FY23 budget to address the lack of clarity on how income from such transactions is to be taxed and it doesn't necessarily confer legitimacy on the products, revenue secretary Tarun Bajaj said. User sign-ups on crypto platforms jumped 30-50 per cent on budget day when the finance minister announced a proposal to tax digital assets. India’s central bank may consider other “centralised” technology models apart from blockchain — the popular digital transaction ledger — to host its proposed digital currency, officials and industry experts in the know of the matter.Global updates