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Cryptocurrency Prices Today June 24: Bitcoin trades around Rs 17 lakh; decision on crypto GST awaited

The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets.

June 24, 2022 / 08:43 AM IST
Representative Image

Representative Image

Major cryptocurrencies were trading flat early on June 24 as the global crypto market-cap increased 3.70 percent to $933.84 billion over the last 24 hours.

On the other hand, the total crypto market volume declined 9.04 percent to $60.76 billion during the period.

The total volume in DeFi stood at $5.39 billion, 9.21 percent of the total crypto market's 24-hour volume.

The volume of all stable coins was $52.48 billion, 86.38 percent of the crypto market's 24-hour volume.

Bitcoin hovered around Rs 17 lakh, with a dominance of 42.99 percent. This was a 0.20 percent decrease over the day, data from CoinMarketCap shows.

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Officers committee suggests deferment of decision on levying GST on crypto

The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies associated with the crypto-ecosystem, besides classification on whether they are goods or services. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify all relevant supplies associated with the crypto-ecosystem, besides classification on whether they are goods or services, reported the PTI.

At 7:57am on June 24, these were the prices of the largest cryptocurrencies (data from WazirX):
NAMEPRICE (INR)24H %
Bitcoin16,44,9933.12%
Ethereum90,4-0.78%
Tether82.42-0.45%
Cardano40.904.72%
Binance Coin191495.74
XRP29.997210%
Polkadot661.685.69%
Dogecoin5.44854.17%
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first published: Jun 24, 2022 08:43 am
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