Cryptocurrency Prices today on 4 December 2021: Market goes red while Gifto rises over 54%

The worldwide crypto market capitalisation declined 6.36 percent during the last 24 hrs to face at $2.44 trillion. The entire crypto market volume during the last 24 hrs is $137.50 billion, a 19.25 % increase.

Bitcoin saw an autumn in the market dominance by about .07 percent during the last day-to stand at 41.04 percent.

The entire volume in DeFi is presently $17.37 billion, 12.63 percent from the total crypto market’s 24-hour volume. The level of all stable coins has become $109.16 billion, 79.38 percent from the total crypto market’s 24-hour volume.

Bitcoin’s dominance is presently 41.09 percent, a rise of .04 percent within the day.

Within the Indian market, Bitcoin is buying and selling at Rs 43,34,512, lower 2.91 percent. Other major cryptocurrencies like Ethereum (Rs 3,40,904) fell by 4.32 percent and Binance Gold coin (Rs 47,998) by around .94 percent.

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Mukesh Ambani bullish on blockchain technology, states it is essential for equitable society

However, Gifto (Rs 6.62) rose over 54 percent during the last 24-hrs. Tether expires over 3 % (Rs 81.4) while Dent by 7.57 percent (.412).

Reliance Industries Chairman and Md Mukesh Ambani stated on December 3 he would be a big believer within the blockchain technology.

“In my opinion in blockchain technology which is not the same as cryptocurrency,” Ambani stated, adding, “Blockchain is essential for any trust-based, equitable society.”

An invoice for controlling cryptocurrency is incorporated in the works, and RBI Governor Shaktikanta Das is one kind of individuals who believe that the blockchain technology underpinning cryptocurrencies could exist by itself, without currency.

“Using blockchain, we are able to deliver unparalleled security, trust, automation and efficiency to just about any kind of transaction,” Ambani stated.

Rajya Sabha member and senior BJP leader Sushil Kumar Modi, on December 3, required the government should regulate the internet gaming industry and impose a uniform tax onto it.

“On the internet has become a large addiction. I must highlight this sector, such as the crypto industry, certainly includes a regulatory lacunae. So, I’d urge the federal government to create a uniform tax on on the internet. I urge the federal government to create a comprehensive framework of regulation for on the internet,” he stated.