Bitcoin, ether, dogecoin, and other cryptocurrencies are all down slightly. Check out today’s crypto prices.
Today’s cryptocurrency prices: The global cryptocurrency market capitalization is $2.24 trillion, down 1.2 percent from yesterday.
Cryptocurrency prices fell slightly on Sunday, with Bitcoin’s price hovering around $45,000 today.
The value of the digital token dropped by over 1.2 percent to $45,911. So far in 2022 (year-to-date or YTD), the world’s largest.
most popular cryptocurrency is down about 2%. It’s down about 30% from its all-time high of nearly $69,000 set in November of last year.
Ethereum, the second-largest cryptocurrency by market capitalization, also fell -3.1 percent to $3,438.
Meanwhile, the price of dogecoin has dropped more than 7% to $0.138296,
while the price of Shiba Inu has dropped more than 2.1 percent to $0.000025.
Bitcoin ether dogecoin and other cryptocurrencies are all down slightly. ,
This comes as the performance of other digital tokens appears to be skewed downward, with Solana, Polygon, Litecoin, Stellar, and Cardano.
all trading lower in the last 24 hours. Meanwhile, according to CoinGecko,
the global cryptocurrency market capitalization was above $2 trillion even as it fell to $2.18 trillion, a drop of more than 3% in the last 24 hours.
The market capitalization of all cryptocurrencies is now $2.24 trillion, down 1.2 percent in the last 24 hours.
The total volume of cryptocurrency trading in the last day was $125 billion. Bitcoin has a 39 percent market share, while Ethereum has an 18.5 percent market share.
In a related development, when the Indian government announced a plan to tax crypto assets in February,
the 30% rate on income from digital-asset investments was the focus of attention.
However, the industry is warning of a potentially destabilizing liquidity crunch as a result of a different tax.
Along with the capital gains tax, the finance ministry announced that beginning July 1, all digital-asset transfers over a certain size will be subject to a 1% tax-deductible at source, or TDS.
According to Anoush Bhasin, founder of crypto-asset tax advisory firm Quagmire Consulting, no other country has such a tax on crypto.
TDS, according to crypto-exchange executives, lawyers, and tax analysts, will suffocate the market by forcing high-frequency traders to drastically reduce their trading volume.
They claim that this, combined with the government’s decision not to allow the offsetting of trading losses in digital assets, will hasten the exodus of crypto companies and workers from India.