Cryptocurrency Prices Today: Bitcoin, Ethereum, Shiba Gains While Dogecoin Slips

According to CoinGecko, the total cryptocurrency trading volume is $132 billion in the last day, while Bitcoin is dominated by 38.8%, while Ethereum has a dominance of 20.2%.

Furthermore, Ethereum rose 5.2% to $4,037.44 at the start of Thursday. The Shiba Inu is up 0.8% to $0.00003397 in the last 24 hours. On the other hand, Dogecoin is down 0.4% to $0.181435 in the last 24 hours.

Other cryptocurrencies have also improved in performance as Polygon, Litecoin, Chainlink, Solana and Cardano were trading with healthy gains over the past 24 hours.

Meanwhile, in the ongoing winter session of Parliament on Wednesday, the government announced that it is unlikely to bring a bill on cryptocurrency, top sources said. He also suggested that whenever a Bill is brought, it will be sent to the Parliamentary Standing Committee for wider consultation with the stakeholders.

The bill, which was listed in the legislative business of the government’s winter session, “seeks to create a facilitating framework for the creation of an official digital currency to be issued by the Reserve Bank of India.”

It also seeks to ban all private cryptocurrencies in India. However, it allows “certain exceptions to promote cryptocurrency and the technology underlying its use”, according to the bill listed to be introduced on the Lok Sabha website.

Sources said it is unlikely that the bill will be brought in the current winter session. Currently, there is no regulation or any restriction on the use of cryptocurrencies in the country.

Against this backdrop, Prime Minister Narendra Modi held a meeting on cryptocurrencies with senior officials last month, and there are indications that stronger regulatory steps may be taken to tackle the issue.