The cryptocurrency price today is up slightly from the previous day, but it’s still incredibly low. Despite this fact, some altcoins are gaining value and approaching a steeper ascent in the coming weeks.
Bitcoin’s Price Today (March 22, 2022): On March 22nd, all cryptocurrency prices are in the green, with Bitcoin topping the charts at $42,359.
Bitcoin is the current market leader, having a market capitalisation of $35 billion as of March 22, according to CoinMarketCap data. Ethereum ($3001) and Tether ($1), Binance Coin (BNB) at $401, and USD Coin (USDC) at $1 are the top 5 cryptocurrencies by market capitalization on
In the previous seven days, the prices of several top crypto assets have gone up by over 10%.
Last week, the price of Bitcoin rose by 9% over the previous seven days. In a week, however, Avalanche (AVAX) has increased by 32%. AVAX is presently ranked 10th in terms of market capitalization.
Cardano (ADA) has increased by 18% in the previous seven days, whereas prices of Solana and XRP have risen by 14% and 12%, respectively.The price of Ethereum, which is second in terms of market capitalization, has risen 18.9% in the last 7 days, whereas BNB’s value has increased by 10%.
According to CoinMarketCap, Blocks (BLOS) has the largest increase among all cryptos today, with a 3815% rise.
The Crypto AssetPrice is a formula that calculates the price of cryptocurrencies. As of March 22, 2022: 1 Bitcoin (BTC) costs $42,350 1 Ethereum (ETH) is worth $3,000 3 Tether (USDT) are worth $1.004 Binance (BNB) has a market value of $407.005Meanwhile, a recent clarification on crypto taxation in India has disappointed investors and the crypto sector. According to the Government, crypto traders and investors will not be able to set off their losses from a cryptocurrency against profits from another cryptocurrency. In other words, any profit derived from crypto would be taxed at a flat rate of 30%, whereas losses would not be ignored when calculating crypto taxes.
The new crypto tax system takes effect following the conclusion of the old Financial Year on March 31, 2022. A 1% TDS will be applied to each crypto transaction under the new regulations.
“The Indian government’s taxes on the virtual digital assets sector are extremely harsh. Because you can’t offset one virtual digital asset with another, a lot of investors will be discouraged since it raises their risk and lowers the overall returnThis would deter Indian traders from trading on local exchanges and would encourage them to use foreign or decentralized exchanges. The proposed digital asset tax framework will result in the blockchain industry in India shrinking, with talent and companies leaving the country. Knowing this, it would be great to get a Bitcoin Betting Bonus.
Investing in cryptocurrency is highly speculative, and you risk losing your money if the market takes a dip. In India, cryptocurrencies are not regulated assets. Investing in them may result in losses since the crypto market is extremely volatile (Cryptocurrencies are unregulated assets in India. Investing in them might lead to losses as crypto markets are highly volatile).
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