In terms of market value, the largest surge in the top 20 ciphers was seen in Polygon, up 23.81% to $ 0.6122. Avalanche rose 17.53 percent to $ 19.62.
XRP surged 12.45% to $ 0.3648, clearing the seven-day loss. Solana rose 10.87 percent to $ 39.11.
Ethereum, the second largest cryptocurrency, surged 6.86 percent to $ 1,160.32. Ethereum has improved by 6% in the last seven trading sessions.
Cardano added 5.95% to $ 0.4984. Polkadot and Dogecoin added 6.66% and 4.42%, respectively.
The largest crypto bitcoin has also risen 4.17 percent in the last 24 hours to $ 21,252, surpassing the $ 21,000 level, with a weekly profit of 2.56 percent. BNB rose 6.79% to $ 233.42.
The global cryptocurrency market capitalization is $ 942.31 billion, up 4.57% in the last 24 hours. However, the total trading volume of cryptocurrencies decreased by 7.46% to $ 61.55 billion.
PTI reported that the GST Board of Directors has proposed to the GST Council to postpone the taxation decision on cryptocurrencies and other virtual digital assets.
In a report to the GST Council, the Conformity Commission has suggested that legislation on the regulation of cryptocurrencies is awaited, in addition to the classification by whether they are goods or services, cryptography. It is essential to identify all relevant supplies associated with the ecosystem.
The board of directors, consisting of both the center and the state, called the Equipment Committee, felt that more in-depth research was needed on issues related to the crypto ecosystem.
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, said Thursday that it had signed a partnership with Cristiano Ronaldo to promote non-alternative tokens (NFTs). As part of a multi-year deal, Portuguese football star and Binance will create a series of NFT collections to sell on their platform, the cryptocurrency exchange said, adding that the first collection will be released later this year. ..