December 12, 2022 / 07:35 AM IST
Major cryptocurrencies traded in the green early on December 12 as the global crypto market cap decreased 1.07 per cent to $846.24 billion, over the last day. The total crypto market volume increased 14.17 per cent over the last 24 hours to $27.09 billion.
The total volume in DeFi is currently $1.82 billion, which is 6.73 per cent of the total crypto market 24-hour volume. The volume of all stable coins is now $24.45 billion, which is 90.26 per cent of the total crypto market 24-hour volume.
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.45 lakh, and its dominance is currently 38.56 per cent, an increase of 0.00 per cent over the day, according to Coinmarketcap.
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Meanwhiile, crypto investors in India expect a more friendly tax regime for digital assets and parity with other assets and regulations when finance minister Nirmala Sitharaman tables the budget for FY24 in less than two months.
The crypto sector in India crashed this year with trading volumes on domestic exchanges plummeting about 90 percent as cryptocurrency prices fell and a new taxation policy was introduced for virtual digital assets (VDAs) in the FY23 budget. Read more here.
As of 7:20 am on December 12, these are the prices of the top cryptocurrencies (data from WazirX): NAME PRICE (INR) 24H Bitcoin 14,45,001 0.13% Ethereum 1,06,600.0 0.56% Tether 85.53 0.9% Cardano 27.0000 0.7% Binance Coin 24,014.80 -0.57% XRP 32.9000 1.07 Polkadot 456.00 0.14% Dogecoin 8.1896 0.36% Find more blockchain, business and market related stories hereMoneycontrol News