Bitcoin prices had slumped about 32 per cent in the past five weeks
Bitcoin, the largest cryptocurrency by market value, rose about 4.6% to $ 48,947.52 in the past 24 hours, after falling more than 32% from its all-time high of $ 69,000 in November. Bitcoin’s market cap is currently $ 925.41 billion, according to data from the cryptocurrency exchange Coindesk.
Bitcoin prices have risen by around 1.3% over the past seven days. holidays. Ethereum was up 1.49% from $ 4,022.34 Over the last 24 hours, pushing its MCAP at $ 472.99 billion.4 percent, respectively. The global cryptocurrency market cap today stands at $ 2.39 trillion, a 3.3% change in the past 24 hours, according to data from cryptocurrency exchange CoinGecko .
The government has yet to finalize some details of the legislation, the reports suggest. Previous reports from the Modi government that it was planning to introduce stricter regulations against cryptocurrencies had driven down cryptocurrency prices in the country. However, it is now believed that the Center wants more discussions on the matter before clarifying the final rules governing digital currencies in India.
The Union government has yet to pass the crypto bill in its current form.