Cryptocurrency Prices on December 1: Solana, Ethereum, Tether rise as Bitcoin, XRP falls

#bitcoin, #cryptocurrency, #Cryptocurrency Bill, WazirX

The global crypto market capitalisation surged 1.68 percent over the last 24 hours to stand at $2.65 trillion. Bitcoin, currently trading at $57,216.1 saw a fall in its market dominance by about 0.72 percent over the last day to stand at 40.86 percent.

The total cryptocurrency trading volume over the last 24 hours was $130.78 billion, rising substantially by 21.25 percent. While DeFi ($19.62billion) accounted for 15.00percent of the total crypto volume, stablecoins ($102.91 billion) made for 78.69 percent of the crypto market’s 24-hour market volume.

As for major cryptocurrencies, Bitcoin fell by 0.49 percent, while Ethereum ($4,699), which surged by 5.17 percent. Binance Coin ($631.40) rose by around 1 percent. Additionally, Solana ($212.43) rose by 3.34 percent,  Cardano ($1.57) fell by 2 percent, Avalanche ($126.47) surged by 3.65 percent, Polkadot ($38.19) surged by 3.72 and Litecoin ($209.6) also rose by 2.42 percent.

Memecoins SHIB surged around 8.47 percent, while DOGE declined by 1.36 percent.

The government will introduce the new, re-worked Crypto Bill in Parliament after Cabinet approval, Union Finance Minister Nirmala Sitharaman mentioned yesterday. The Finance Minister also said that NFT regulation is also being discussed.

“This is a risky area & not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI and SEBI. Govt will soon introduce a Bill”, said Sitharaman.

As of 7:48 am today, these were the prices of various cryptocurrencies (Data from WazirX)

Cryptocurrency Price (In INR) 24-hour change (in percent)
Bitcoin 43,82,110 +1.44
Ethereum 3,43,507 +5.4
Cardano 121.4 +1.6
Tether 77.14  +2.58
Solana 15,641 +1.83
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