Cryptocurrency Prices today on December 17: Market in red as Bitcoin, Ethereum fall

The global crypto request capitalisation fell by2.16 percent over the last 24 hours to stand at$2.21 trillion. Bitcoin, presently trading at$, saw a fall in its request dominance by about0.23 percent over the last day to stand at40.77 percent.

The total cryptocurrency trading volume over the last 24 hours was$89.44 billion, falling by22.92 percent. While DeFi ($11.55 billion) reckoned for12.91 percent of the total crypto volume, stablecoins ($70.06 billion) made for78.33 percent of the crypto request’s 24-hour request volume.

As for major cryptocurrencies encyclopedically, Bitcoin dipped hardly by1.6 percent to trade at Rs while Ethereum (Rs) also declined by0.53 percent. Cardano (Rs99.97) fell by3.2 percent. Avalanche (Rs) tumbled by2.53 percent, Dapple (Rs) fell by3.33 percent, and Litecoin (Rs) also fell by2.31 percent over the last 24-hours.

Memecoin SHIB dipped by around1.97 percent while DOGE declined by2.8 percent to trade at Rs13.95. Bitcoin is presently trading at Rs while LUNA increased around4.45 percent to trade at Rs

IMF principal economist Gita Gopinath lately stressed on developing regulations around cryptocurrencies rather than banning them outright, particularly in developing husbandry.

Regulating crypto means and currencies is essential, especially for arising and developing husbandry, as banning them may not work as crypto exchanges are located offshore, which makes it easier for an individual to trade in them despite the ban,” she said.

She also added that no individual country can break this problem as cryptos involve complexcross-border deals.

Digital- asset establishment Securitize is launching two tokenised finances that will track crypto indicators from S&P Dow Jones Indices. The finances will track the Cryptocurrency Large CapEx-MegaCap Index as well as the Kensho New Husbandry Composite Index from S&P. While the large-cap bone gives investors exposure to further than 30 different cryptocurrencies, the ultimate is centred around fintech, artificial intelligence and virtual reality, among other effects.