The price of cryptocurrency has once again fallen and the market cap also declined

The price of cryptocurrency has once again fallen in the national market. The market cap has also declined due to the fall in crypto prices. In the last 24 hours, the market cap has declined by 1.07 per cent, while the crypto market is currently at 2. 2.27 trillion.

While cryptocurrencies are declining, so are bitcoin prices. Bitcoin has risen nearly 0.42 percent in the last 24 hours to  49,084.94 usd per bitcoin.

Binance the second most important cryptocurrency after Bitcoin have fallen in value. Binance fell 3.11 percent to 545.71 usd per binance. Solana has declined by 1.55 percent. Solana prices have reached  192.74 usd per solana. On the other hand, the price of Ethereum has gone up by 0.55 percent. It is currently trading at, 4,141.51 usd per Ethereum.

Confusion about cryptocurrency in the country
There was talk of cryptocurrency getting official approval in Central India.

However, the government has not yet been able to reach a firm decision as the RBI has expressed concern over investing in cryptocurrencies.

Should crypto be allowed in the country? The government had set up a committee to look into the matter. The committee has submitted its report to the government.

Crypto will not be completely banned in the country, but it can be regulated, the report said.

Meanwhile, following the report, the government now wants to allow cryptocurrency to be controlled by the RBI, India’s central bank. Such a proposal may be tabled in the ongoing winter session.

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