The cryptocurrency market was trading mixed following a small trade between the Christmas holidays and the New Year holidays in western countries.
With the exception of stablecoins, all other altcoins in the top 10 digital tokens traded at 8.30 am IST. Polkadot moved closer to 9 percent to surpass Avalanche to become the 10th largest cryptocurrency, while Terra jumped 5 percent.
The global crypto market has jumped by about 2 percent to $ 2.40 trillion compared to the last day. However, the total market value of crypto increased by more than 2 percent to $ 74.23 billion.
Professional take
"The Indian crypto market faced a tumultuous week when the crypto bill was scheduled for the winter of Parliament," said the WazirX Trade Desk. "However, it has been postponed again."
There is speculation in the space about the chances of a new bill that is introduced or no bill will be introduced at all. More information from the Indian government will probably give us a better picture, he added.
The adoption of Cryptocurrency in India has been significant. A report by Chainalysis back in October 2021 had revealed that India was ranked second in the global crypto adoption. As a new market emerges, so do people with bad intentions.
Global Updates
The Turkish Federal Bureau of Investigation (MASAK) has imposed a fine of $ 8 million ($ 751,314) on a local unit.
The cryptocurrency exchange Binance over the breach found during the credit audit, reports the Anadolu news agency.
CC: @crypto.piotr @project.hope @lanzjoseg @josevas217 @achim03
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