BTC, ETH Open Trading in Narrow Range on India’s Union Budget Announcement Day

BTC, ETH Open Trading in Narrow Range on India’s Union Budget Announcement Day

Most of the popular cryptocurrencies opened trading with profits on Wednesday, February 1, the same day India is set to get its Union Budget for the fiscal year of 2023-2024. Bitcoin, with a small gain of 1.36 percent, is currently priced $23,129 (roughly Rs. 18.9 lakh). The oldest cryptocurrency also…

India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report

India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report

India should consider lowering the 1 percent TDS on cryptocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday. The ‘Impact Assessment of 1 percent TDS on VDAs’ report by Chase India…

BTC Opens at $16,570, ETH Joins Stablecoins in Recording Losses: First Monday of 2023

BTC Opens at $16,570, ETH Joins Stablecoins in Recording Losses: First Monday of 2023

The first Monday of 2023 did not open with quite the sparkle for the crypto market. Bitcoin, on January 2, barely grew with a 0.13 percent gain. At the time of writing, BTC values hovered around the price point of $16,570 (roughly Rs. 13.7 lakh). The first ever cryptocurrency to…

BTC, ETH See Miniscule Profits, Losses Strike Stablecoins Tether, USD Coin

BTC, ETH See Miniscule Profits, Losses Strike Stablecoins Tether, USD Coin

Bitcoin on Friday, December 30, opened trading with a small profit of 0.08 percent. At the time of writing, BTC prices on national and international exchanges, stand at $16,585 (roughly Rs. 13.7 lakhs). From its last all-time high of $68,000 recorded last November, the year of 2022 pushed Bitcoin down…

BTC, ETH Show No Price Improvements Despite Most Altcoins Seeing Gains

BTC, ETH Show No Price Improvements Despite Most Altcoins Seeing Gains

The top two cryptocurrencies, Bitcoin and Ether, have not been able to show any significant price improvements, at least for over a week. Bitcoin on Friday slipped minorly by 0.09 percent to open trade at $16,823 (roughly Rs. 13.9 lakh). The first ever cryptocurrency, followed a similar market movement on…

Bitcoin, Ether Record Losses as Overall Crypto Market Valuation Slips by 1.12 Percent

Bitcoin, Ether Record Losses as Overall Crypto Market Valuation Slips by 1.12 Percent

One day after majority cryptocurrencies recorded profits and the crypto market valuation rose by over three percent, the price charts for cryptocurrencies was hit by volatility once again. Bitcoin on Thursday, opened with a loss of nearly one percent. At the time of writing, BTC was trading at $17,716 (roughly…

Bitcoin, Ether Record Dips on Black Friday Despite Positive Mid-Week Spell

Bitcoin, Ether Record Dips on Black Friday Despite Positive Mid-Week Spell

Bitcoin’s price has fared better over the past few days but hasn’t quite managed to break past the psychologically important $17,000 (roughly Rs. 13.8 lakh) level, even though the wider market appears to have turned a corner after the collapse of FTX. As things stand, Bitcoin is down by close…

Twitter May Have Stopped Working on Crypto Wallet: Report

Twitter May Have Stopped Working on Crypto Wallet: Report

Twitter, under the leadership of its new billionaire chief Elon Musk, is undergoing a plethora of operational changes. Amid the ongoing changes, the microblogging site has reportedly halted work on developing its crypto wallet. The crypto community that expects Twitter to experiment with Dogecoin payments under Musk has not met…

Bitcoin Starts Week on Bullish Tone While Ether Breaks Price Barrier to Lead Altcoin Charge

Bitcoin Starts Week on Bullish Tone While Ether Breaks Price Barrier to Lead Altcoin Charge

Despite seemingly enjoying the air above $19,000 (roughly Rs. 15.71 lakh), Bitcoin’s price hasn’t moved much as the stuttering global economy continues to spook investors. Since September 20, the top cryptocurrency has remained between $18,250 (roughly Rs. 15.09 lakh) and $20,370 (roughly Rs. 16.84 lakh), with volatility being further sapped…