Cryptocurrency Prices Today: Bitcoin touches record high above Rs 50 lakh

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Cryptocurrencies traded in the green early on October 21. The global crypto request cap increased3.64 percent over the last day to$2.62 trillion. The request volume over the last 24 hours jumped24.45 percent to$113.80 billion The total volume in DeFi stood at$14.36 billion,12.62 percent of the total crypto request 24-hour volume. The volume of all stable coins reached$87.11 billion, which was76.54 percent of the total crypto request 24-hour volume.
Bitcoin traded at Rs around8.25 am with a dominance of46.49 percent. This was a1.16 percent drop over the day.

The cryptocurrency floated just below its record highs on Wednesday and the first US bitcoin futures- grounded exchange- traded fund (ETF). The world’s leading cryptocurrency was at$ at 1236 GMT, modestly advanced on the day and within a short jump of the each- time high of$ it hit on April 14. It gauged$ on Tuesday, late in the US session Tuesday was the first day of trading for the ProShares Bitcoin Strategy ETF-a development that request actors say is likely to drive investment into the digital asset. The ETF closed up2.59 percent at$41.94 on Tuesday, with around$ 1 billion worth of shares being traded on Intercontinental Exchange Inc’sICE.N Arca exchange.

Judges said the ETF would probably simplify access to cryptocurrencies for retail investors.”It can attract overflows from investors who prefer the ease of an ETF over the perceived threat of an exchange,” said Martha Reyes, head of exploration at crypto exchange Bequant A Senate report has said that Australia needs to introduce new regulations for digital asset miners, similar as duty abatements and a licensing governance for crypto exchanges, to be”competitive with Singapore, the UK and the US”, Reuters reported The report, published by the Senate’s Committee on Australia as a Technology and Financial Centre on Wednesday, also calls for clarity on rules about when banks can refuse to deal with a business client involved in cryptocurrency.