Solana and Binance Coin shed 6 per cent, whereas Dogecoin and XRP tanked 5 per cent each. The global crypto market cap declined about 3 per cent to $2.57 trillion mark compared to the last day. However, the total crypto market volume zoomed about 24 per cent to $143.10 billion. In the meantime, ET reported that the Indian government is unlikely to shut the door on cryptocurrencies and instead take a nuanced approach. They may not be permitted as currency to settle transactions and make payments but could be held as an asset like shares, gold or bonds.
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Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
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