Bitcoin’s price is currently Rs 50,03,493 and its dominance is currently 43.36 percent, up 0.06 percent for the day.
cryptocurrency prices remain in the red on November 16 Global cryptocurrency market cap is Rs 199.31 lakh crore, a 6.24 percent decrease from last day, while the total volume of the cryptocurrency market for the past 24 hours is Rs 8,33,533 crore , which corresponds to an increase of 29.03 percent.
Bitcoin is currently Rs 50,03,493 and its dominance is currently 43.36 percent, up 0.06 percent for the day.
The parliamentary standing finance committee met with industry associations and experts on November 15 to discuss crypto funding issues and was chaired by party MP Bharatiya Janata and former union minister Jayant Sinha.
At the meeting, all parties came to the conclusion that the cryptocurrency cannot be stopped, but must be regulated, reported the ANI news agency, citing sources.
It was reported that there was consensus to put in place a regulatory mechanism to regulate cryptocurrencies; However, it was unclear from industry associations and stakeholders who the regulator should be.
It is important to balance innovation and regulation and highlight the need to 1. Ensure investor protection, 2. Maintain financial stability, 3. Ensure compliance with FEMA, and 4. Ensure that cryptocurrencies are not used for illegal finances”, he quoted CNBCTV18 as speaking to the chairman of the parliamentary panel on finance, Jayant Sinha said.
Meanwhile, the price of HuskyX, a relatively lesser-known cryptocurrency, rose 67,000 percent in less than 24 hours on November 15.
HuskyX started with a small value of $ 0.000000008738 the day before and climbed to $ 0.000001485 in 24 hours. The price moved around 0.0000174899 at 5:40 PM IST.
The trading volume of the meme coin had exceeded 3,450 percent, with tokens with a cumulative value of $ 1.06 million exchanging hands within a day.
With this unprecedented increase in value, HuskyX has joined a list of dog-themed coins that have recently risen in prices in an extremely short period of time.
Despite their high-value returns, crypto analysts have warned investors against investing in meme coins without understanding the respective tokens.
As of 8.35 am on November 16, these are the prices of the largest cryptocurrencies (data from WazirX):
Despite their high returns, cryptanalysts have warned investors not to invest in meme coins without understanding the tokens.
At 8.35 a.m. on November 16, these are the prices of the largest cryptocurrencies (data from WazirX):
| NAME | PRICE (INR) | 24H % |
| Bitcoin | 50,03,493 | -4.20% |
| Ethereum | 3,52,926.4 | -5.74% |
| Tether | 81.02 | 1.89% |
| Cardano | 158 | -3.13% |
| Binance Coin | 50,020.0 | -3.43% |
| XRP | 91.7448 | -4.60% |
| Polkadot | 3,430 | -7.61% |
| Dogecoin | 20.2 | -3.25% |
