Six of the top 10 digital tokens were trading lower at 8.30am IST, while the remaining four were trading higher. avalanche among the winners, while Solana and XRP it dropped as much as 5 percent.
The global crypto market capitalization dropped marginally to $ 2.19 trillion compared to last day. However, the total volume of the cryptocurrency market gained more than 20 percent to $ 94.82 billion.
What is cooking in India?
Cryptocurrencies are still in a legal gray zone, but have become a domestic phenomenon amid the pandemic, as the prospect of multi-bagger returns lured Indians to highly volatile digital tokens.
According to Reuters, up to 15 million Indians own crypto assets. The growing popularity of cryptocurrencies caught the attention of lawmakers earlier this year.
Parliament's month-long winter session is scheduled to end on Thursday and there is no sign of the bill yet. Adding to concerns, the RBI told its board last week that a full cryptocurrency ban was needed as partial restrictions will not work.
Global updates
CoinSwitch Kuber, India's largest crypto company in terms of users, has added new crypto assets in December for investors.
Decentraland (MANA), The Sandbox (SAND), Gala (GALA), Request (REQ), Coti (COTI) are the assets that are included in the platform. The crypto unicorn has started various education initiatives to inform and educate investors as part of this asset listing process.
