Today’s Cryptocurrency Prices: Bitcoin and Ethereum maintain the markets in the green, while Avalanche declines.

The worldwide crypto market capitalization increased 4.75 percent to $2.39 trillion in the last 24 hours, while trading volume increased 14.11 percent to $102.84 billion.

Stablecoins ($79.65 billion) accounted for 77.45 percent of the trading volume, while DeFi ($17.44 billion) contributed 16.96 percent. Bitcoin, which is presently selling at $51,103.04, has increased its market share to 40.50 percent.

In terms of key cryptocurrencies, Bitcoin gained by 4.21 percent to Rs 39,64,949, while Ethereum increased by 1.95 percent to Rs 3,18,710.1. Cardano (Rs 114.01) increased by 8.41%. Over the last 24 hours, Avalanche (Rs 9,379.73) fell 2.76 percent, Polkadot (Rs 2,250) climbed 3.12 percent, and Litecoin (Rs 12,840.66) rose 4.39 percent. Tether fell 1.32 percent to Rs 77.86 per unit.

SHIB, a meme coin, climbed by 10.25 percent, while DOGE increased by 3.94 percent to Rs 14.24. Bitcoin is currently trading at Rs 38,33,811, whereas LUNA is currently trading at Rs 7,669.99, up 11.82 percent.

Also Read: The credit union can collaborate with crypto firms, US regulators.

After being deferred from the Winter Session of Parliament, where it was originally scheduled for discussion, India’s much-anticipated Cryptocurrency Bill may not be ready for introduction until April 2022. The winter session, on the other hand, ended on December 22 with no consultation on the Bill.

As Christmas happiness permeated the market, Bitcoin surpassed the $50,000 milestone on Friday. Senator Cynthia Lummis will potentially introduce a Bill to radically alter the legal and regulatory landscape for cryptos in the United States, to foster more stable cryptocurrency rules. Senator Lummins is a member of the Senate Banking Committee, and she is one of just two sitting senators that owns Bitcoin.

Adam White, a co-founder of Bakkt, has announced his retirement from the company after three years. Bakkt, for example, was founded in 2018 to facilitate institutional crypto adoption.

As of 8:50 am, these were the prices of the Crypto Market in the Indian market (Data from WazirX)

CRYPTOCURRENCY	PRICE (IN RS)	24-HOUR CHANGE (IN %)
Bitcoin	39,64,949	+4.21
Ethereum	3,18,710.1	+1.95
Cardano	114.01	+8.41
Tether	77.86	-1.32
Solana	14,650	+3.12
Avalanche	9,379.73	-2.76
Litecoin	12,840.66	+4.39
XRP	76.91	-0.12
Axie	8,306.56	+3.83

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