Cryptocurrency crashed rapidly after media reports told that the government planned a bill to ban most private tokens. Cryptocurrencies such as Bitcoin dropped by almost 17 per cent, Ethereum by 14 per cent, Dogecoin by over 20 per cent and Polkadot by 14 per cent.
- Tata Motors Announced Tie-up with South Indian Bank
- Waaree Energies Received a Supply Order for 400 MW Modules
- Techno Electric Shares Hit 52-Week High on Securing Orders Worth Rs 4,000 Crore
- IREDA Shares Skyrocketed 11% on Receiving Navratna Status
- Glenmark Pharma Shares Gain 1% on Receiving USFDA Approval
Earlier, a government announcement had said that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, will ban all private cryptocurrencies in India. However, it will allow promoting the technology of cryptocurrency and its uses. The global cryptocurrency market cap was below 0.36 per cent to the $2.56 trillion mark, and the total crypto market volume rose about 9 per cent to $126.32 billion.