New Delhi: Major cryptocurrencies have seen strong gains over the past 24 hours amid global sentiment risk, with Polygon, Avalanche, XRP and Solana leading the chart of returns.

The biggest jump among the top 20 cryptos – in terms of market value – was seen in Polygon, which rose 23.81% to $0.6122. Avalanche advanced 17.53% to $19.62.

XRP jumped 12.45% to $0.3648 and erased its seven-day losses. Solana climbed 10.87% to $39.11.

Ethereum, the second largest cryptocurrency, jumped 6.86% to $1,160.32. Ethereum has advanced 6% over the past seven trading sessions.

Cardano added 5.95% to $0.4984. Polkadot and Dogecoin added 6.66% and 4.42% respectively.

The biggest crypto Bitcoin has also climbed 4.17% in the past 24 hours to reach the $21,000-$21,252 level, taking its one-week gains to 2.56%. BNB rose 6.79% to $233.42.

The global cryptocurrency market capitalization stood at $942.31 billion, up 4.57% in the past 24 hours. However, total cryptocurrency trading volume fell 7.46% to $61.55 billion.

India News

The GST Board of Officers has suggested to the GST Board to postpone a decision on taxation of cryptocurrency and other virtual digital assets, PTI reported.

The Fitment Committee, in its report to the GST Council, suggested that legislation on cryptocurrency regulation is expected and that it would be essential to identify all relevant supplies associated with the crypto-ecosystem, in addition to the classification according to whether it is goods or services.

The committee of officers comprising both the Center and the states, called the Fitment Committee, felt that further study was needed on issues related to the crypto ecosystem.

World News

Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Thursday that it has signed a partnership with Cristiano Ronaldo to promote non-fungible tokens (NFTs). As part of the multi-year deal, the Portuguese soccer star and Binance will create a series of NFT collections for sale on the company’s platform, the cryptocurrency exchange said, adding that the first collection would be released. later this year.