In 2022, Bitcoin’s debut was a success, but things haven’t really improved since then.<\/p>\n

Bitcoin has not been able to keep up with the Christmas high that followed a month of the worst months since May 2021, when its value rose above $52,000 (roughly Rs. 38.6 lakh) for the first time in three weeks.<\/p>\n

The value of Bitcoin has dropped by 0.28 percent in the last 24 hours and is valued at $50,429 (approximately Rs. 37.5 lakh) on the Indian exchange CoinSwitch Kuber.<\/p>\n

On the other hand, global exchanges such as CoinMarketCap<\/a> show a 0.32 percent drop to $46,939 (approximately Rs. 34.92 lakh.<\/p>\n

Ether has enjoyed a much-needed boost in the first quarter of the year, whereas Bitcoin has not.<\/p>\n

Ethereum, the second most valuable cryptocurrency in the world, is up by about 2% over the past 24 hours after a nice few days’ trades through the weekend.<\/p>\n

Ether’s price is currently $4,083 on CoinSwitch Kuber (about Rs. 3.03 lakh), with values on global exchanges seeing the second-largest cryptocurrency<\/a> by market capitalization valued lower at $3,796 (about Rs. 2.82 lakh), where it has increased 1.9% in the past 24 hours.<\/p>\n

Ether’s price has decreased by 6.8% in the past week, and it is down 9.4 percent over the last month.<\/p>\n

The majority of the prominent altcoins had a mixed day of trade, according to Gadgets 360<\/a>‘s cryptocurrency price tracker.<\/p>\n

Tether, Cardano, Polygon, and Ripple lost the most value on Sunday. On the other hand, Uniswap, Litecoin, Chainlink, and Polkadot are the biggest losers for the day.<\/p>\n

The week hasn’t gone well for Meme coins, but things have begun to improve in 2022, despite a decline in investor interest.<\/p>\n

In the last 24 hours, Dogecoin has increased by 0.5% to trade at $0.18 (about Rs. 13.78). Meanwhile, the Shiba Inu has risen 0.7 percent to $0.000036 (approximately Rs. 0.002705).<\/p>\n

On the other hand, Dogecoin’s market capitalization has dropped by 9.4 percent in the previous seven days, and 11.5 percent in one week from Shiba Inu Bitcoin Investing.<\/p>\n

According to CoinGecko<\/a>, Bitcoin’s value has tumbled by more than 7% over the previous week, even though the cryptocurrency is up by more than 46.8 percent year-to-date.<\/p>\n

In the meantime, the GST Mumbai East Commissionerate<\/a> has discovered an Rs. 40.5 crore GST evasion and recovered Rs. 49.2 crore in cash owing to GST evaded, interest, and a penalty from cryptocurrency exchange WazirX in Mumbai East Region.<\/p>\n

The authorities announced the find after investigating the exchange’s business practices, which are run by Zanmai Labs and cryptocurrency WRX is owned by Binance Investment, Seychelles.<\/p>\n

This platform, according to the announcement, allows traders to exchange in rupees or WRX. The WazirX platform is where you can buy the WRX.<\/p>\n

The taxpayer is taking a commission from both the buyer and seller on each cryptocurrency transaction, according to it.<\/p>\n

The Directorate General of GST Intelligence<\/a> has reportedly hit hard on cryptocurrency exchanges in India following the evasion of GST by WazirX, a cryptocurrency service provider.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2022, Bitcoin’s debut was a success, but things haven’t really improved since then. Bitcoin has not been able to keep up with the Christmas high that followed a month of the worst months since May 2021, when its value rose above $52,000 (roughly Rs. 38.6 lakh) for the first time in three weeks. The […]<\/p>\n","protected":false},"author":5,"featured_media":2178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[37],"tags":[],"class_list":["post-2177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"acf":[],"yoast_head":"\n