Top cryptocurrency prices today: Bitcoin, Ethereum gain up to 3%; Dogecoin, Shiba Inu fall

economictimes.indiatimes.com:

Barring Avalanche and meme tokens — Dogecoin and Shiba Inu — all of the major crypto tokens were trading with minor gains on Thursday. Bitcoin jumped 3 per cent, followed by a 2 per cent rise in Ethereum, Terra and Solana. The global cryptocurrency market cap was trading higher at the $1.81 trillion mark, with a rise close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 13 per cent to $83.49 billion.

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What's cooking in India:India will not rush into any decision on cryptocurrencies and will take a well-considered view, finance minister Nirmala Sitharaman has said during an interaction with students and faculty at Stanford University in California. «It has to take its time for all of us to be sure that at least, with the given available information, we are making a discernible decision. It can't be rushed,» Sitharaman said.Expert's TakeBitcoin has dipped below $40,000 and stayed there for a long time amid the rising pessimistic sentiments including poor growth outlook and rising inflation, which may lead to monetary tightening, said Sumit Khare, Co-Founder, BitsAir Exchange. «The continued receptivity from regulators around the world is evidence of its likely long-term stronghold and the bright outlook for the wider crypto industry,» he added. The Central African Republic has now legally adopted the biggest cryptocurrency, Bitcoin, as its legal tender—becoming the second nation in the world to do so, said CoinDCX Research Team. «This comes as the Central Bank of Cuba is set to issue licences for virtual asset service providers both within the nation and to foreign companies and individuals,» it added.