The global crypto market capitalisation surged by 3.80 percent over the last 24 hours to stand at $2.26 trillion. Bitcoin, currently trading at $49,086.91 saw a fall in its market dominance by about 0.60 percent over the last day to stand at 41.00 percent.
The total cryptocurrency trading volume over the last 24 hours was $115.42 billion, falling by 98.85 percent. While DeFi ($14.13 billion) accounted for 12.24 percent of the total crypto volume, stablecoins ($91.40billion) made for 79.19 percent of the crypto market's 24-hour market volume.
As for major cryptocurrencies globally, Bitcoin increased marginally by 1.5 percent to trade at Rs 38,83,884 while Ethereum (Rs 3,20,000) also surged by 4.5 percent. Cardano (Rs 103.5) rose by 3.44 percent. Avalanche (Rs 8,356.4) rose by 31.59 percent, Polkadot (Rs 2,148) rose by 3.21 percent and Litecoin (Rs 12,162.92) also rose by 0.84 percent over the last 24-hours.
Memecoin SHIB also increased by around 3.12 percent while DOGE rose by 0.03 percent to trade at Rs 14.44. Bitcoin is currently trading at Rs 38,83,884 while LUNA also increased around 7.68 percent to trade at Rs 4,899.9
India’s highly-anticipated cryptocurrency regulation bill probably will not be introduced to Parliament until the 2022 session that begins in late January or early February, several media outlets reported. With no Cabinet approval this week, time is running out for the bill to be introduced in this session of parliament, which ends December 23. Notably, the next Cabinet meeting is scheduled for December 22.
Garnering more positive news for the burgeoning NFT space, Sotheby’s - the 277-year-old British auction house - reported that sales of its non-fungible tokens reached almost $100 million in 2021.
As of 8:15 am, these were the prices of various cryptocurrencies in the Indian market (Data from WazirX)
| Cryptocurrency | Price (In INR) | 24-hour change (in percent) |
| Bitcoin | 38,83,884 | +1.5 |
| Ethereum | 3,20,000 | +4.05 |
| Cardano | 103.5 | +3.44 |
| Tether | 79.5 | -0.76 |
| Solana | 14,133 | +13.22 |
| Avalanche | 8,356.4 | +31.59 |
| Litecoin | 12,162.92 | +0.84 |
| XRP | 65.95 | +1.64 |
| Axie | 8,177.94 | +5.93 |
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| 1W returns-4.39% |
| 1W returns-5.72% |
| 1W returns-6.09% |
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