Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Shiba Inu drop up to 6%

economictimes.indiatimes.com:

Most other major cryptos were in the red, along with a dip in volumes. Investors digested the long-expected Federal Reserve's 25 bps increase and global unrest tied to Russia's invasion. Barring Terra, all top digital tokens were trading lower on Monday. Avalanche and Shiba Inu tumbled 5 per cent each, followed by a 4 per cent fall in Solana. Bitcoin, Ethereum and Dogecoin shed 3 per cent each.

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Billed as India's first blockchain wedding, in the presence of a digital priest,

The global cryptocurrency market cap today dropped lower to $1.84 trillion mark, shedding more than 2 per cent in the last 24 hours. Total cryptocurrency trading volume tumbled as much as 4 per cent to $80.22 billion.What's cooking in India?The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions. Currently, 18 per cent Goods and Services Tax (GST) is levied only on service provided by crypto exchanges and is categorised as financial services.Expert takeSince the start of the year, Bitcoin has been consolidating between $34,000 and $44,000. The lack of upside volatility has shaken out investors but the Bitcoin on-chain analytics tells us a completely different story, said WazirX Trade Desk. «On-chain analytics essentially is the analytics of all the transactions that occur on a blockchain,» it added. «Bitcoin balance on exchanges has dropped significantly hitting a 3-year low and most of the withdrawals came from Coinbase.»Global updatesUkrainian crypto exchange KUNA founder Michael Chobanian claims the Binance crypto exchange is working with the Russian government despite global sanctions. FanCraze, the