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Cryptocurrencies today: Bitcoin holds 47,000 level; Ether, Dogecoin, Solana, and Shiba Inu gain

Cryptocurrencies today: Bitcoin holds 47,000 level; Ether, Dogecoin, Solana, and Shiba Inu gain

Cryptocurrencies today: Bitcoin holds 47,000 level; Ether, Dogecoin, Solana, and Shiba Inu gain
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By CNBCTV18.com Mar 31, 2022 10:14:13 AM IST (Updated)

Bitcoin, world's most valuable cryptocurrency, after rising in the early trade fell nearly 0.5 percent to $47,097 at 9:50 am, according to CoinDesk data. Bitcoin market capitalisation was at $894 billion, while the trade volume was at $816 million in the past 24 hours. Bitcoin has witnessed volatile trades in the past one year. The cryptocurrency has hit a high of $69,000 and a low of near $28,000 in this period.

Major cryptocurrencies were trading mix on Thursday amid reports that Russia-Ukraine talks were likely to be held on April 1.

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Bitcoin, world's most valuable cryptocurrency, after rising in the early trade fell nearly 0.5 percent to $47,097 at 9:50 am, according to CoinDesk data. Bitcoin market capitalisation was at $894 billion, while the trade volume was at $816 million in the past 24 hours. Bitcoin has witnessed volatile trades in the past one year. The cryptocurrency has hit a high of $69,000 and a low of near $28,000 in this period.
Second-largest virtual currency Ether was trading slightly up at $3,398. Meme crypto Dogecoin gained more than 1 percent at $0.144, while Shiba Inu was up nearly 2 percent to $0.000028. Solana, which witnessed substantial interest from the crypto traders last year, jumped nearly 9 percent to trade at $120.
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Meanwhile, it was announced in the Union Budget that crypto tax will be applicable from April 1. All forms of virtual digital assets (VDA) or crypto assets that are sold at a profit will attract a tax of 30 percent.
US stocks ended lower on Wednesday, breaking a four-day winning streak but keeping major indices in the green so far for the week. Oil prices fell more than $5 a barrel on Thursday as the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.
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