Top cryptocurrency prices today: Bitcoin nears $44k mark; Solana, Cardano gain up to 8%

economictimes.indiatimes.com:

Bitcoin nearing the $44,000 mark and Solana and Cardano rising up to 8 per cent in the last 24 hours. Bitcoin, the largest crypto by market value, was trading 2.45 per cent higher at $43,931.35. It is up 8.3 per cent in the last seven sessions. Ethereum added 2.79 per cent to $3,118. The second largest cryptocurrency by market value has risen 12.11 per cent in the last one week. BNB advanced 1.09 per cent, USD Coin edged 0.02 per cent lower while XRP fell 0.12 per cent. Cardano gained 3.47 per cent, taking its seven day gains to 37 per cent.

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Terra fell 2.05 per cent to $93.29. Solana jumped 8 per cent while Polkadot inched 0.09 per cent higher. Avalanche advanced 1.82 per cent. Dogecoin fell 1.1 per cent and Shibu Inu fell 0.3 per cent. The global cryptocurrency market cap rose to $1.99 trillion mark, up 2.18 per cent in the last 24 hours. Total cryptocurrency trading volumes rose 6.85 per cent to $104.7 billion, as per Coinmarketcap.What's cooking in India?Individuals who had provided services to clients outside India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the GST. While the direct tax rules are simple and 30% tax will be applicable on these, a new complication in the form of GST has emerged, say tax experts. How much GST is applicable on these transactions or for that matter whether these transactions can be considered above board is still unclear. As part of the amendments to the Finance Bill, the Centre has proposed further tightening of tax proposals around crypto assets. As per the amendments to the Finance Bill, 2022,