Synopsis The total volume in DeFi is currently $3.97 billion, 8.60% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.09 billion, which is 91.15% of the total crypto market 24-hour volume.The market cap of Bitcoin, the world’s largest cryptocurrency, hovered around $446.40 billion, with a dominance of about 42.41%, […]

Synopsis The cryptocurrency has surged almost 40% so far this year thanks to a general return of risk appetite and the expectation that the Federal Reserve will hit the pause button on hiking interest rates. Of course, those same factors have sparked a rally in bonds but not enough to offset historic losses incurred last […]

Synopsis The global cryptocurrency market cap was trading lower around $1.04 trillion, falling 3.29% in the last 24 hours. The price of Bitcoin, the world’s largest cryptocurrency, was around $439.77 billion, with a dominance of about 42.32%, a decrease of 0.16% over the day, according to CoinMarketCap. INSIGHTS Read Stock Insights by ET for a […]

Synopsis The rebound from last year’s deep rout is part of a wider revival in risk appetite on expectations that central banks will slow interest-rate hikes and perhaps even cut borrowing costs later this year as high inflation moderates. For now, momentum is king. Rick Bensignor of Bensignor Investment Strategies targeted $25,000 for Bitcoin in […]

Synopsis The market cap of Bitcoin, the world’s largest cryptocurrency, hovered around $457.24 billion, with a dominance of about 42.47%, an increase of 0.18% over the day, according to CoinMarketCap. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Glance Finance Ltd. PEER COMPANIES Explore NowNew Delhi: The cryptocurrency market was trading in […]

Synopsis The current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, […]

Synopsis The slew of bad news has been relentless for the industry —from companies filing for bankruptcies to those laying off large chunks of their staff. Still, crypto faithfuls maintain belief in the coin even as the industry grapples with one of its darkest stretches yet amid the fallout from the FTX implosion. If any […]

Synopsis “Bitcoin was recently trading just below its most recent $23,000 support level. Bitcoin’s more than 35% rise this year has re-ignighted interest in crypto markets, even if analysts remain sceptical of its short-term prospects,” Rajagopal Menon, Vice President at WazirX said. INSIGHTS Read Stock Insights by ET for a quick analysis NSEBSE Glance Finance […]

Synopsis Cryptocurrencies are a type of digital asset that are not backed by any government or central bank. They are created through a process called mining, and they can be used to purchase goods and services. There is a lot of debate around cryptocurrencies, and in India, there is still some confusion about how to […]

Synopsis “The trading range of Bitcoin and Ether has begun to narrow as the two largest cryptocurrencies by market capitalization seek new areas of support. Following last week’s 8% and 5% gains, the price movement of BTC and ETH has yet to exceed a percentage point in the last two days,” Rajagopal Menon, Vice President, […]