Crypto Price Today: Bitcoin holds near $17,000; Litecoin gains up to 5%

New Delhi: The cryptocurrency market was trading mixed on Monday. Bitcoin, Litecoin and Yearn Finance were trading with gains, while Binance and Dogecoin were trading with cuts.

Bitcoin rose 0.31% and held near the $17,000 mark, whereas Ethereum was comfortably trading above $1,200 levels. At the same time, Litecoin outperformed its larger peers and was up 5%.

Cardano rose 0.2% while XRP, Polygon and Tron were also trading higher. However, Dogecoin fell by about 1.5%.

The global cryptocurrency market cap was marginally higher at around $812 billion, rising 0.12% in the last 24 hours.

The total volume in DeFi is currently $1.61 billion, 7.11% of the total crypto market. The volume of all stablecoins was around $20.68 billion, which is 91.30% of the total crypto market.

The price of Bitcoin, the world’s largest cryptocurrency, hovered around $325 billion, with a dominance of 40.02%, an increase of 0.07% over the day, according to CoinMarketCap.

Crypto Cart: Quick (Source: coinmarketcap.com, data as of 10.41 hours, IST on December 26, 2022)

  • Bitcoin $16,888.88 0.34%
  • Ethereum $1,221.33 0.10%
  • Tether $1 -0.01%
  • USD Coin $1 0.01%
  • BNB $244.20 -0.35%
  • XRP $0.35 0.16%
  • Dogecoin 0.07607 – 1.44%
  • Cardano $0.26 0.27%
  • Polygon $0.8012 0.64%
  • Polkadot $4.49 1.05%
  • Tron $0.05483 0.28%
  • Litecoin $68.92 4.83%
  • Shiba Inu $0.0000008338 0.08%
  • Solana $11.37 -0.63%

Note: Price change in last 24 hours

What’s cooking in India
The policy related to crypto assets and its ecosystem is with the Finance Ministry and any legislation on it would be effective only through international collaboration after proper risk evaluation, the Parliament was told last week.

“Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore, any legislation on the subject can be effective only with significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards,” Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply.