New Delhi: The crypto tokens were trading mixed on Monday. Tron and XRP gained 3 per cent each while Bitcoin and Ethereum were up marginally. Polkadot was among the top losers.
The global cryptocurrency market cap was trading at $865.22 billion mark, dropping more than half a per cent in the last 24 hours. However, total cryptocurrency trading volume jumped almost a per cent to $40.62 billion.
What's cooking in India
Spot trading volumes on crypto exchanges CoinDCX, WazirX and Zebpay declined by at least 70 per cent on July 3 compared with June 30 as the rule requiring deduction of tax at source on every transaction came into effect on July 1.
While crypto exchanges said that it is too early to know the actual impact of tax deducted at source (TDS) as trading volumes are typically lower on the weekend. According to some experts, trading would likely remain under pressure.
Expert take
Bitcoin has been holding its ground and trading within the range of $20,000 to $19,000 while...
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