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Gitumani Talukdar
Dec 20, 2021
by Gitumani Talukdar

Cryptocurrency Prices Today: Bitcoin, Ethereum Clings While Dogecoin Stumbles

Cryptocurrency Bitcoin Ethereum Dogecoin
Cryptocurrency prices report a gain in Bitcoin & Ethereum while Dogecoin slips. A sudden rise is reported in the cryptocurrencies market today. "The crypto market escalated by 0.6 percent in just 24 hours. Having said that, the global cryptocurrency market capitalization witnessed a surge today at $2.32 trillion," reports CoinGecko.

Bitcoin & Ethereum Gains while Dogecoin Slips

According to the reports & data presented by CoinGecko, the cryptocurrencies market surged by 0.6 percent in just a day. This event affected the global cryptocurrency market capitalization surging it at $2.32 trillion. Formerly, Bitcoin was vending at $46,922.33. In the last 24 hours, it's enjoyed a 0.6 percent increase.

In addition to Bitcoin, the second-largest cryptocurrency, Ethereum jumped 1.2 percent to $3,959.10. But alternatively, Dogecoin prices were reported to witness a downfall of 0.3 percent to $0.170551.

Amidst all of these, one of the major crypto assets - Shiba Inu sank 2.5 percent to $0.00003078. Some alternate digital tokens like XRP, Terra, Binance Coin, Polygon, Litecoin clinched over the last 24 hours. Whereas, Cardano, Solana, and Polkadot prices slipped.

Concurrently, RBI – popularly known as the Reserve Bank of India; last week bequeathed its thoughts. RBI hinted, "We're in favor of an intact ban on private cryptocurrencies in India."

Debates over Digital Currencies 

Reportedly, the RBI board held debates over several elements associated with central bank digital currency and private cryptocurrencies. The Reserve Bank of India even reviewed the current domestic and global economic situation, unfolding challenges, and curative measures. 

Sources revealed, "The government isn't likely to bring up a bill on cryptocurrency; most probably in the proceeding winter session of the Parliament." According to a government source, the issue wasn't discussed until the last cabinet meeting. The winter session of parliament is scheduled for December 23, 2021. Among the 26 other new bills based on the government's doctrines, the bill on cryptocurrency held a position. 

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Cryptocurrency Prices Today: Bitcoin, Ethereum Clings While Dogecoin Stumbles
Gitumani Talukdar
Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

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