Main cryptocurrency prices today: Bitcoin, Ether drops up to 4%; Solana among the winners

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New Delhi: Cryptocurrency counters continued to bleed on Monday amid market volatility. Traders have become anxious and have seen profits on digital tokens as they are on guard given the regulatory buzz in global markets.

Bitcoin, which has been declining since reaching an all-time high, has fallen another 2%. Ether followed suit, falling by more than 4%. Solana and Avalanche were among the few winners in the top 10 chips.

The global crypto market cap is down more than 2% to $ 2.36 trillion from the last day. However, the total crypto market volume increased by around 5% to reach $ 108.88 billion.

“Core gaming cryptocurrencies Metaverse and NFT outperformed the crypto market last week, and they may continue to do so due to the massive increase in demand from retail investors,” Hitesh Malviya said. , founder of itsblockchain.com.

Meanwhile, major private banks are reaching out to clients investing in cryptocurrencies and educating them about the risks associated with the asset class, even as the government works on legislation to regulate digital currencies.

Over the past two or three weeks, HDFC Bank, Axis and

sent emails highlighting the risks for clients investing in crypto assets. Bankers said they fear that such aggressive advertising by crypto exchanges could lead Indians to invest, without knowing the risks, in an asset class infamous for its extreme price swings.

El Salvador, on the other hand, has announced its intention to issue the world’s first Bitcoin sovereign bonds and build Bitcoin City, which will be exempt from income, property and capital gains taxes, President Nayib announced. Bukele in the seaside town of Mizata to a crowd cheering on Bitcoin enthusiasts.

(The opinions and recommendations given in this section are those of the analysts and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the asset (s) mentioned.)

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