Barring stablecoins, all of the top digital tokens were trading higher on Monday. Dogecoin zoomed more than 8 per cent, whereas Avalanche surged 6 per cent. Bitcoin, Shiba Inu and Ethereum jumped 5 per cent each. The global cryptocurrency market cap advanced to $2.11 trillion mark, gaining more than 4 per cent in the last 24 hours. Total cryptocurrency trading volume rallied almost 48 per cent to $91.55 billion.
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View Details »The cryptocurrency market is on the verge of reversal as Bitcoin trades near a critical price level and the current momentum could be attributed to Luna’s recent purchase of Bitcoin, said WazirX Trade Desk.What's cooking in India?Indians will begin paying a capital gains tax of 30 per cent on crypto transactions within just a week after Parliament passed a controversial tax proposal, sparking uproar and disappointment among those in the country's crypto industry. Mahindra & Mahindra (M&M) announced foraying into the Non-Fungible Token (NFT) market, becoming the first Indian automotive company to enter the space. Over the weekend, Bollywood and Punjabi singer Daler Mehndi has marked his presence in the metaverse after buying a piece of land in the virtual world and naming it as 'Balle Balle Land'.Global updatesA non-fungible token created from Nelson Mandela’s original arrest warrant raised 1.9 million rand ($130,000) in an auction to help fund a heritage site that documents South Africa’s struggle for democracy. Canadian musician Grimes is launching an «intergalactic children’s metaverse book». The artist previously sold around $6 million worth of digital art
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