Top cryptocurrency prices today: Bitcoin hits $42,000; Dogecoin, Shiba Inu zoom up to 26% – Economic Times

New Delhi: The cryptocurrency market was trading higher on Monday, with tokens associated with gaming witnessing a strong rise. That said, the recent rebound in prices of Bitcoin and Ethereum have turned investors cautious.

Barring Terra, all other nine out of the top-10 digital tokens were trading with decent gains. Meme tokens like Dogecoin jumped more than 7 per cent while its peer Shiba Inu rallied 26 per cent.

The global crypto market cap dropped almost 2 per cent to $1.94 trillion. However, the total crypto market volume dropped more than 9 per cent to $65.01 billion.

The budget for FY23 announced last week proposes to tax any income from the transfer of any virtual digital asset at a flat 30 per cent rate. The provision will be applicable from April 1, 2022.

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Top cryptocurrency prices today: Bitcoin hits $42,000; Dogecoin, Shiba Inu zoom up to 26% - Economic Times