The month of April has started with a positive atmosphere for crypto investors. Most cryptocurrencies have seen profits. On Monday, April 4, Bitcoin started with a gain of 0.15%. According to the Indian exchange Coinswitch Kuber, its current trading value is $47,543 (approximately Rs 36 lakh). BTC has seen very little losses on international exchanges. Bitcoin fell about 0.25 percent on Binance and CoinMarketCap. Currently, the international trading value of bitcoin is close to $ 45,897 (about Rs 35 lakh).
At the same time, the world’s second most popular currency Ether has started this week with a gain of 1.07 percent. According to Gadgets 360’s crypto price tracker , it has a trading value of $3,625 (approximately Rs 2.75 lakh). ( Bitcoin price )
This cryptocurrency has also been profitable at the global level. For example- ETH has seen gains of 0.74 percent according to Coinbase. The international trading value of Ether is around $3,498 (Rs 2.65 lakh) at the time of writing this news.
, popularly known as Mimecoins, have also posted small profits.
However, many popular cryptocurrencies did not see the gains today. Avalanche, Binance USD, Tether and USD Coin have seen losses. Solana, Terra, Polygon and Uniswap also declined in prices. The loss caused to these cryptocurrencies is very less, yet it is visible in the red color in the price chart.
Regulatory framework is being prepared in countries around the world regarding the crypto sector. Analysts believe that as more countries regulate the crypto sector, its volatility will be less. India’s tax law on crypto has also come into effect from April 1. Indonesia is preparing to impose Value Added Tax and Income Tax on crypto assets from the month of May. The European Union (EU) is in the process of formulating crypto laws.
Discussions on cryptocurrencies have also started in countries like Kyrgyzstan. There lawmakers have argued in support of cryptocurrencies. According to CoinMarketCap , the total market cap of the crypto industry at present is $2.15 trillion (about Rs 1,63,03,113 crore). The same figure was $ 2.14 trillion (about Rs 1,62,77,490 crore) on March 31.