The cryptocurrency price continued to trade in the red on Saturday with bitcoin falling 0.2% to $48,244.79 today. The world’s most popular digital fell 10% in the past seven days. Similarly, other cryptocurrency According to data from Coingecko.com, Ethereum, Polkadot, Dogecoin, Shiba Inu also declined on Saturday.
The price of Ether is down 0.8% to $3,985.75, while Dogecoin is down more than 0.2% to $0.166278 and the Shiba Inu is down more than 0.6% to $0.0000034. On the other hand, Litecoin, XRP, Uniswap, Cardano, Solana, Polygon were also trading with cuts in the last 24 hours.
global cryptocurrency The market cap on Saturday was $2.35 trillion. The total cryptocurrency trading volume in the last day is $134 billion. The dominance of Bitcoin is 38.9% and that of Ethereum is 20.3%.
Meanwhile, Prime Minister Narendra Modi on Friday urged democracies to come together to formulate global rules for emerging technologies, including cryptocurrencies. In the past too, PM Modi has warned that bitcoin presents a risk to younger generations as the government prepares to introduce legislation to regulate digital currencies. As per reports, Modi is expected to take a final call soon on the regulatory framework governing the use of cryptocurrencies and related products.
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